David H Billion Foundation

SIOUX FALLS, SD EIN: 87-2112402

David H Billion Foundation is a private foundation focused on Crime & Legal Related, based in SIOUX FALLS, SD. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $12.3M in total assets. In 2024, it awarded 1 grants totaling $3.0M. Net investment income was $433K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$12.3M

+74.4% YoY

Annual Giving

$3.0M

+5900.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$3.0M

+5900.0% YoY

Under IRS private-foundation payout rules, David H Billion Foundation reported a distributable amount of $396K for 2024 — the minimum it must pay out in qualifying distributions.

About David H Billion Foundation

Based on IRS filings

Focus Areas

Crime & Legal Related

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Dakota $3.0M (100%)

States

South Dakota

Cities

Sioux Falls

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$12,314,319	$7,062,047	$5,106,469
Revenue	$7,942,575	$1,695,473	$5,027,002
Expenses	$3,044,618	$82,560	$2,938
Qualifying Distributions	$3,000,000	$50,000	—
Net Investment Income	$432,575	$185,473	$17,498
Distributable Amount	$395,543	$260,665	$44,001

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Sanford Health Foundation ($3,000,000).

Recipient	Purpose	Amount
SANFORD HEALTH FOUNDATION SIOUX FALLS, SD	TO BE DESIGNATED TO IMPROVE THE HUMAN CONDITION BY SUPPORTING HEALTH CARE FOR PATIENTS THROUGH PHILANTHROPY TO BRING HEALTH, HEALING, AND COMFORT TO PATIENTS, FAMILIES, AND COMMUNITIES. THIS IS DONE BY ENHANCING STANDARDS OF CARE, INSPIRING HOPE, AND BRINGING GOOD TO PATIENTS AND INVOLVES SUPPORTING RESEARCH, TECHNOLOGY, ENHANCED SERVICES, AND OTHER INITIATIVES.	$3,000,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DAVID H BILLION	DIRECTOR/PRESIDENT	10	—
JAMES HEINE	DIRECTOR/VICE PRESIDENT	10	—
JAMES WIEDERRICH	DIRECTOR/SECRETARY	15	—
PER OSTREM	DIRECTOR/TREASURER	20	—

Subject Areas

Focus areas based on grantmaking activity

Crime & Legal Related

Frequently Asked Questions

What is David H Billion Foundation?

David H Billion Foundation is a private foundation focused on Crime & Legal Related, based in SIOUX FALLS, SD. It holds $12.3M in total assets as of 2024.

How large is David H Billion Foundation?

As of 2024, David H Billion Foundation holds $12.3M in total assets with $7.9M in annual revenue. It awarded 1 grants totaling $3.0M in 2024.

Where does David H Billion Foundation operate?

David H Billion Foundation has awarded grants in South Dakota.

What size grants does David H Billion Foundation award?

In 2024, David H Billion Foundation awarded 1 grants totaling $3.0M — an average of about $3.0M per grant, based on its IRS Form 990 filings.

How much is David H Billion Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, David H Billion Foundation reported a distributable amount of $396K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.