Astrup Family Foundation
The Astrup Family Foundation is a 501(c)(3) private independent foundation established in 2014 by Corrine Astrup and her four children (Ann Astrup, Chris Astrup, Dan Astrup, and Susan Astrup Lundquist). The foundation was created to support charitable organizations aligned with the family's values and legacy. The foundation's creation was inspired by the legacy of Leonard Astrup, who founded Astrup Drug in 1952 in Austin, Minnesota, and his wife Corrine, who was passionate about philanthropic giving.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$757K
+15.0% YoY
Grant Count
47
+0.0% YoY
Avg Grant Size
$16K
+15.0% YoY
Mission & Focus Areas
The Astrup Family Foundation focuses its giving on five primary areas:
- Christian Faith — Supporting organizations rooted in Christian values and mission work
- Family Values — Preserving and strengthening family-centered initiatives
- Education — Providing opportunities for individuals and groups in educational settings
- Healthcare — Supporting selected healthcare initiatives, with particular focus on dementia, epilepsy, and mental illness
- Strong Communities — Building strong communities and assisting those less fortunate, including the poor and homeless
Program Goals
The foundation seeks to:
- Provide opportunities for individuals and groups in the areas of faith, education, service, and mission
- Support healthcare initiatives focused on dementia, epilepsy, and mental illness
- Assist primarily Midwest communities following natural disasters
- Support programs that strengthen individuals and build strong communities
- Make a difference for those less fortunate by giving them opportunities they would not otherwise have
Grantmaking
The foundation distributes grants annually to 501(c)(3) organizations and charities nationwide, with a primary focus on the Midwest and communities where the Astrup family business was built and where the family grew up.
Grant Range
Range:** Typical awards range from $1,000 to $142,000.
How to Apply
** Specific application procedures are not detailed in available sources.
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Geographic Focus
Where this funder awards grants
The Astrup Family Foundation prioritizes funding in the Midwest, with particular emphasis on communities connected to the family's business history and upbringing. Geographic areas of focus include:
- Minnesota
- South Dakota
- Mississippi
- Illinois
- Rhode Island
The foundation also supports various U.S. cities including Arlington, Austin, and Chicago.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2023:
- Total Assets: $16,019,934
- Total Revenue: $1,173,300
- Total Expenses: $822,554
- Total Giving: $658,056
Asset Growth Over Time:
| Year | Total Assets | Income |
|---|---|---|
| 2015 | $2,841,026 | $1,908,626 |
| 2016 | $3,814,302 | $3,303,537 |
| 2017 | $4,908,893 | $3,276,594 |
| 2018 | $6,164,706 | $7,129,981 |
| 2019 | $7,197,563 | $4,504,667 |
| 2020 | $10,669,223 | $13,229,971 |
| 2021 | $16,396,533 | $16,780,227 |
| 2022 | $15,672,423 | $11,572,647 |
| 2023 | $16,019,934 | $4,849,510 |
The foundation received tax-exempt status in February 2016 and maintains unconditional exemption status.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
97 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board of Directors:
- Susan Astrup Lundquist — President
- Chris Astrup — Vice President
- Dan Astrup — Secretary
- Ann Astrup
The founding board included Corrine Astrup and three grandchildren. The board currently consists of the four children and three grandchildren, all of whom serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SUSAN LUNDQUIST | DIRECTOR | — | — |
| CHRIS ASTRUP | DIRECTOR | — | — |
| ANN ASTRUP | DIRECTOR | — | — |
| DAN ASTRUP | DIRECTOR | — | — |
| CORRINE ASTRUP | DIRECTOR | — | — |
| ANDREA BECKER | DIRECTOR | — | — |
| ANNA LUNDQUIST | DIRECTOR | — | — |
| ROBERT ASTRUP | DIRECTOR | — | — |
Recent News & Activity
Recent developments and announcements
The foundation has made notable grants in recent years:
**Samaritan Bethany Foundation** received a $35,000 grant in 2021
Astrup Family Foundation awards Samaritan Bethany Foundation a $35,000 Grant**Ronald McDonald House** received a "transformational" donation from the foundation
Local family foundation gives 'transformational' donation to Ronald McDonald**Down Home** received sponsorship support for a move-in event
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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