Carleton College
Founded in 1866, Carleton College is a private, coeducational liberal arts college of 2,007 students located in the historic river town of northfield, Minnesota. Nationally recognized as the nation's top college for undergraduate teaching, carleton is known for its academic rigor, intellectual curiosity, and sense of humor. Carleton offers 33 majors and 40 minors in the arts, humanities, natural sciences, mathematics, and social sciencesthe Carleton College mission is to provide an exceptional undergraduate liberal arts education. The college is devoted to academic excellence, distinguished by the creative interplay of teaching, learning, and scholarship and is dedicated to a diverse residential community and extensive international engagements.
Carleton College at a glance
In short: Carleton College gave $1.8M across 8 grants in 2025 (avg $219K), mostly in Minnesota. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $1,750,045
- +262.9% vs 2024
- Grants made (2025)
- 8
- +33.3% vs 2024
- Average grant
- $218,756
- +172.2% vs 2024
- Median grant
- $100,356
- Total assets
- $1,992,369,854
- +5.8% vs 2024
- Primary geography
- Minnesota (62% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Carleton College funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Northfield Public Schools ($1.0M). Together the top 8 received $1.8M.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 16 grants of 29 (55%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How Carleton College gives
- Giving grew 1024% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $133K (2020) to $1.8M (2025). In 2025 it made 8 grants totaling $1.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northfield Public Schools Northfield, MN | Support Construction of New Northfield High School | $1,000,000 |
| University of Connecticut Storrs, CT | Rui: linking ecology, behavior, and immunology to spatio-temporal variation in helminth transmission | $227,555 |
| University of Wisconsin - Madison Madison, WI | Rui: linking ecology, behavior, and immunology to spatio-temporal variation in helminth transmission | $159,981 |
| Biodiversity Research Institute Portland, ME | Rui: linking ecology, behavior, and immunology to spatio-temporal variation in helminth transmission | $110,594 |
| University of California - Davis Davis, CA | Rui: linking ecology, behavior, and immunology to spatio-temporal variation in helminth transmission | $90,117 |
| City of Northfield Northfield, MN | Community Engagement | $85,000 |
| University of Washington Seattle, WA | Temporal dynamics of microbial and viral function and adaptation in hydrothermal vents | $41,251 |
| University of California at San Diego San Diego, CA | Development of novel augmented reality tool for teaching molecular visualization in biochemistry | $35,547 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $1,992,369,854 | $315,082,412 | $261,238,790 | $1,750,045 | 8 | $94,470,570 |
| 2024 | $1,883,994,794 | $278,954,694 | $253,992,441 | $482,274 | 6 | $69,326,331 |
| 2023 | $1,727,307,245 | $296,522,250 | $239,981,775 | $257,490 | 7 | $92,503,081 |
| 2022 | $1,658,331,169 | $280,959,414 | $223,828,854 | $155,732 | 4 | $81,731,010 |
| 2021 | $1,738,198,659 | $320,773,806 | $203,397,209 | $153,345 | 4 | $101,237,262 |
| 2020 | $1,414,260,160 | $240,267,870 | $199,426,933 | $132,555 | 4 | $52,273,964 |
| 2019 | $1,437,200,057 | $239,201,569 | $196,383,289 | $315,351 | 10 | $53,031,615 |
About Carleton College
Based on IRS filings
Carleton College is a public charity focused on Education, based in Northfield, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.0B in total assets. In 2025, it awarded 8 grants totaling $1.8M. Net investment income was $94.5M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Carleton College is led by Steven G. Poskanzer, President on every filing since 2019; 15 of 48 officers listed in 2025 are compensated.
Officers on the 2025 filing
Steven G. Poskanzer
President
On filings since 2019
60 hrs/week
$482K (2019) → $191K (2025)
Alison Byerly
President
On filings since 2022
60 hrs/week
$309K (2022) → $736K (2025)
Cathy Paglia
Trustee Chair
Vice Chair → Trustee Vice Chair, 2021
Trustee Vice Chair → Trustee Chair, 2025
On filings since 2019
8 hrs/week
No compensation reported
Timothy Griffeth
Director of Investments
On filings since 2020
60 hrs/week
$342K (2020) → $508K (2025)
Alan R. Bauer
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Candace E. Williams
Trustee
On filings since 2019
5 hrs/week
No compensation reported
John L. Youngblood
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Justin B. Wender
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Lia Gore
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Mark S. Applebaum
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Michael J. Hasenstab
Trustee
On filings since 2019
5 hrs/week
No compensation reported
David B. Smith Jr.
Trustee
On filings since 2020
5 hrs/week
No compensation reported
Emily Barr
Trustee
On filings since 2022
5 hrs/week
No compensation reported
Leslie Kautz
Trustee
On filings since 2022
5 hrs/week
No compensation reported
Michael L. Wiebolt
Trustee
On filings since 2022
5 hrs/week
No compensation reported
Raul I. Raymundo
Trustee
On filings since 2022
5 hrs/week
No compensation reported
Dana Wright
Trustee
On filings since 2023
5 hrs/week
No compensation reported
Dashini Jeyathurai
Trustee
On filings since 2023
5 hrs/week
No compensation reported
Greg Amusu
Trustee
On filings since 2023
5 hrs/week
No compensation reported
Herb Fritch
Trustee
On filings since 2023
5 hrs/week
No compensation reported
Pam Kiecker Royall
Trustee
On filings since 2023
5 hrs/week
No compensation reported
Vinaya Chepuri
Trustee
On filings since 2023
5 hrs/week
No compensation reported
Brad Nordholm
Trustee
On filings since 2024
5 hrs/week
No compensation reported
David Diamond
Trustee
On filings since 2024
5 hrs/week
No compensation reported
Elizabeth Bausch
Trustee
On filings since 2024
5 hrs/week
No compensation reported
Nonoko Sato
Trustee
On filings since 2024
5 hrs/week
No compensation reported
Boluwatife Johnson
Trustee
New on the 2025 filing
5 hrs/week
No compensation reported
Brent Irvin
Trustee
New on the 2025 filing
5 hrs/week
No compensation reported
Christian Lee
Trustee
New on the 2025 filing
5 hrs/week
No compensation reported
Elizabeth King
Trustee
New on the 2025 filing
5 hrs/week
No compensation reported
Jennifer Pietenpol
Trustee
New on the 2025 filing
5 hrs/week
No compensation reported
Jonathan Capehart
Trustee
New on the 2025 filing
5 hrs/week
No compensation reported
Kurchi Basu
Trustee
New on the 2025 filing
5 hrs/week
No compensation reported
Sara Hays
Trustee
New on the 2025 filing
5 hrs/week
No compensation reported
Carolyn H. Livingston
Vice President for Student Life & Dean of Students
Vice President for Student Development → Vice President for Student Life & Dean of Students, 2020
On filings since 2019
60 hrs/week
$189K (2019) → $249K (2025)
Julie J. Neiworth
Professor of Psychology
Professor of Natural Sciences & Psychology → Professor of Psychology, 2022
On filings since 2019
60 hrs/week
$187K (2019) → $237K (2025)
Kelsey Deshler
Chief Investment Officer
On filings since 2019
60 hrs/week
$387K (2019) → $926K (2025)
Art D. Rodriguez
Vice President, Dean of Admissions & Financial Aid
On filings since 2020
60 hrs/week
$165K (2020) → $279K (2025)
Elise Eslinger
Chief of Staff
On filings since 2020
60 hrs/week
$195K (2020) → $234K (2025)
Eric Runestad
Vice President & Treasurer
On filings since 2021
60 hrs/week
$137K (2021) → $369K (2025)
Gretchen E. Hofmeister
Dean of the College Interim
Dean of the College → Dean of the College Interim, 2024
On filings since 2022
60 hrs/week
$236K (2022) → $167K (2025)
Michael T. Hemesath
Professor of Economics
On filings since 2023
60 hrs/week
$216K (2023) → $244K (2025)
Michelle Mattson
Provost & Vice President of Academic Affairs
On filings since 2023
60 hrs/week
$148K (2023) → $327K (2025)
Dan Rustad
Vice President of External Relations
On filings since 2024
60 hrs/week
$203K (2024) → $200K (2025)
Daren Batke
Vice President of Development & Alumni Relations
New on the 2025 filing
60 hrs/week
$304K (2025)
Jeff Dsida
Associate Director of Investments
New on the 2025 filing
60 hrs/week
$227K (2025)
Jeninne C. McGee
Trustee Vice Chair
Trustee → Trustee Vice Chair, 2023
On filings since 2019
8 hrs/week
No compensation reported
John F. Harris
Secretary
Trustee → Secretary, 2023
On filings since 2020
8 hrs/week
No compensation reported
Former officers (39)
- Former: Arnold W. Donald (2019–2024) — Trustee
- Former: Nic Puzak (2019–2024) — Trustee
- Former: Rolf S. Peters (2019–2024) — Trustee
- Former: Stephen J. Davis (2019–2024) — Trustee
- Former: Thomas Bonner (2019–2024) — Vice President for External Relations
- Former: Trace H. McCreary (2019–2024) — Trustee
- Former: Love C. Anani (2021–2024) — Trustee
- Former: Mike Sobaski (2023–2024) — Trustee
- Former: Wally Weitz (2023–2024) — Trustee Chair
- Former: Daren Batke Hire (2024) — Vice President of Development & Alumni Relations
- Former: Alison M. Von Klemperer (2019–2023) — Trustee
- Former: Beverly Nagel (2019–2023) — Dean of the College
- Former: Steve Parrish (2019–2023) — Trustee
- Former: Catherine L. Gunsbury (2020–2023) — Trustee
- Former: Rich Kracum (2023) — Trustee
- Former: Carol Barnett (2019–2022) — Trustee Vice Chair & Secretary
- Former: Herbert A. Fritch (2019–2022) — Trustee
- Former: Karl C. Kwok (2019–2022) — Trustee
- Former: Laird McCulloch (2019–2022) — Trustee
- Former: Lila Conlee (2019–2022) — Trustee
- Former: Lise N. Revers (2019–2022) — Trustee
- Former: Richard R. Kracum (2019–2022) — Trustee
- Former: Steven K. Spehn (2019–2022) — Director of Facilities & Capital Planning
- Former: Wallace R. Weitz (2019–2022) — Trustee Chair
- Former: Nicholas J. Puzak (2020–2022) — Trustee
- Former: Pamela Kiecker Royall (2020–2022) — Trustee
- Former: Michael J. Sobaski (2021–2022) — Trustee
- Former: Frederick A. Rogers (2019–2021) — Former Vice President & Treasurer
- Former: Larnzell Martin Jr. (2019–2021) — Trustee
- Former: Mark McKone (2020–2021) — Professor of Biology
- Former: William C. Craine (2020–2021) — Trustee
- Former: Frances L. Spangler (2019–2020) — Trustee
- Former: McKay Barra (2019–2020) — Trustee
- Former: Bill Craine (2019) — Trustee
- Former: Bonnie M. Wheaton (2019) — Trustee
- Former: Cathy Yandell (2019) — Professor of French Literature, Language & Culture
- Former: Deborah Appleman (2019) — Professor of Educational Studies
- Former: Paul Thiboutot (2019) — Vice President & Dean of Admissions
- Former: William Sterling (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $926K, to Kelsey Deshler (Chief Investment Officer). 15 officers or directors reported compensation on that filing.
Frequently asked questions about Carleton College
How much does Carleton College give each year?
Carleton College gave $1.8M across 8 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $482K across 6 grants.
What is Carleton College's typical grant size?
Carleton College's median grant in 2025 was $100,356, and its average grant was $218,756, across 8 grants on its 2025 IRS Form 990.
Where does Carleton College give grants?
Carleton College gives mostly in Minnesota: 62% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest states were Connecticut (13%) and Wisconsin (9%). The most frequent recipient cities were Northfield, MN (2 grants).
Does Carleton College give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Carleton College's 2025 IRS Form 990 were described as general or operating support.
Who are Carleton College's largest grantees?
Carleton College's largest 2025 grantees include Northfield Public Schools ($1,000,000), University of Connecticut ($227,555) and University of Wisconsin - Madison ($159,981), according to its 2025 IRS Form 990. Together they received 79% of its itemized 2025 grant dollars.
How large is Carleton College?
Carleton College reported $2.0B in total assets on its 2025 IRS Form 990. Its revenue that year was $315.1M.
What is Carleton College?
Carleton College is a public charity focused on Education, based in Northfield, MN. It holds $2.0B in total assets as of 2025.
What is Carleton College's EIN?
Carleton College's EIN (Employer Identification Number) is 41-0694747. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS March 23, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS April 7, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS April 20, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 12, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 12, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS April 8, 2026)
- IRS filings on file for fiscal years 2019–2025
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Carleton College down — hundreds of funders to go?