Asbjornson Foundation
Asbjornson Foundation is a private foundation, based in Tulsa, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $101.2M in total assets. In 2024, it awarded 4 grants totaling $12.0M. Net investment income was $335K.
Asbjornson Foundation at a glance
In short: Asbjornson Foundation gave $12.0M across 4 grants in 2024 (avg $3.0M), mostly in Montana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $11,950,695
- +895.9% vs 2023
- Grants made (2024)
- 4
- +100.0% vs 2023
- Average grant
- $2,987,674
- +397.9% vs 2023
- Median grant
- $2,850,143
- Total assets
- $101,245,789
- +21793.6% vs 2023
- Primary geography
- Montana (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Asbjornson Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Central Montana Foundation ($12.0M across 4 grants).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $500K–1M range: 2 grants of 6 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Asbjornson Foundation gives
- In 2024 it paid out 225% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $1.2M (2023) to $12.0M (2024). In 2024 it made 4 grants totaling $12.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Central Montana Foundation Lewistown, MT | Town of Winifred Airport improvement project fund | $6,000,409 |
| Central Montana Foundation Lewistown, MT | Donation to funds for the benefit of the Town of Winifred | $3,000,237 |
| Central Montana Foundation Lewistown, MT | Donation for benefit of multiple charitable funds maintained by Central Montana Foundation | $2,700,049 |
| Central Montana Foundation Lewistown, MT | General fund | $250,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $101,245,789 | $101,566,288 | $11,988,394 | $11,950,695 | 4 | $11,981,715 | $335,125 | $5,324,247 |
| 2023 | $462,444 | $373,920 | $1,200,104 | $1,200,000 | 2 | $1,200,104 | $73,920 | $578,525 |
| 2022 | $1,287,239 | $66,220 | $5,326 | — | — | $4,524 | $65,418 | $469,521 |
| 2021 | $1,226,345 | $58,520 | $2,908 | — | — | $2,108 | $57,720 | $638,719 |
| 2020 | $1,170,733 | $1,754,845 | $1,709,328 | — | — | — | $57,554 | $514,016 |
Under IRS private-foundation payout rules, Asbjornson Foundation reported a distributable amount of $5.3M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Asbjornson Foundation's 2024 filing lists 5 officers; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Norman H Asbjornson
Trustee
On filings since 2020
1 hr/week
No compensation reported
Erik Asbjornson
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Erika Asbjornson
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Luke Bomer
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Scott Asbjornson
Trustee
New on the 2024 filing
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Asbjornson Foundation
How much does Asbjornson Foundation give each year?
Asbjornson Foundation gave $12.0M across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.2M across 2 grants.
What is Asbjornson Foundation's typical grant size?
Asbjornson Foundation's median grant in 2024 was $2,850,143, and its average grant was $2,987,674, across 4 grants on its 2024 IRS Form 990-PF.
Where does Asbjornson Foundation give grants?
Asbjornson Foundation gives mostly in Montana: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Lewistown, MT (4 grants).
Does Asbjornson Foundation give general operating support?
Yes: 25% of Asbjornson Foundation's 2024 grants with a stated purpose (1 of 4) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Asbjornson Foundation?
Asbjornson Foundation reported $101.2M in total assets on its 2024 IRS Form 990-PF. It paid out $12.0M in qualifying distributions that year, against a required minimum of $5.3M (roughly 5% of its investment assets).
What is Asbjornson Foundation's EIN?
Asbjornson Foundation's EIN (Employer Identification Number) is 73-1582633. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in Asbjornson Foundation's focus areas in our free grants database
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