David Swenson Foundation
David Swenson Foundation is a private foundation, based in St Cloud, MN. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $770K in total assets. In 2025, it awarded 2 grants totaling $31K. Net investment income was $32K.
Key facts about David Swenson Foundation
In short: David Swenson Foundation gave $31K across 2 grants in 2025 (avg $16K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- EIN
- 41-1706682
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $31,052
- Grants made (2025)
- 2
- Average grant
- $15,526
- Median grant
- $15,526
- Total assets
- $769,820
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated October 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$770K
+2.0% YoY
Annual Giving
$31K
+3.1% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$16K
+3.1% YoY
Under IRS private-foundation payout rules, David Swenson Foundation reported a distributable amount of $39K for 2025 — the minimum it must pay out in qualifying distributions.
How David Swenson Foundation gives
- Giving grew 22% from 2022 to 2025. Method
- In 2025 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $26K (2022) to $34K (2023). In 2025 it made 2 grants totaling $31K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Minnesota Percussion Association ($26K). Together the top 2 received $31K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Minnesota Percussion Association Minneapolis, MN | Music Scholarship | $25,552 |
| St Cloud Symphony Orchestra St Cloud, MN | Music Scholarship | $5,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $769,820 | $754,428 | $693,379 |
| Revenue | $39,928 | $26,380 | $1,869 |
| Expenses | $43,433 | $41,524 | $44,553 |
| Qualifying Distributions | $35,634 | $34,286 | $37,982 |
| Net Investment Income | $32,129 | $19,142 | $4,834 |
| Distributable Amount | $38,585 | $35,908 | $33,579 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 18, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS January 23, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 30, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 8, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS October 8, 2025)
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
David Swenson Foundation is led by Terry Vermillion, President & Director since 2025 (on filings since 2024); none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Terry Vermillion
President & Director
Director → President & Director, 2025
On filings since 2024
0.5 hrs/week
No compensation reported
James Jacobsen
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Jeremy Schreifels
Director
On filings since 2021
0.5 hrs/week
No compensation reported
John C. Kuehn
Secretary & Director
On filings since 2021
0.5 hrs/week
No compensation reported
Ryan Inselman
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Steve Isaacson
Treasurer & Director
On filings since 2021
0.5 hrs/week
No compensation reported
Craig Myers
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Mark Stevenson
Director
On filings since 2023
0.5 hrs/week
No compensation reported
Former officers (1)
- Former: Robert J. Lange (2021–2024) — President & Director
Data from IRS Form 990 filings, 2021–2025. "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 David Swenson Foundation
How much does David Swenson Foundation give each year?
David Swenson Foundation gave $31K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $30K across 2 grants.
How large is David Swenson Foundation?
David Swenson Foundation reported $770K in total assets on its 2025 IRS Form 990-PF. It paid out $36K in qualifying distributions that year, against a required minimum of $39K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does David Swenson Foundation operate?
David Swenson Foundation has awarded grants in Minnesota.
What is David Swenson Foundation's EIN?
David Swenson Foundation's EIN (Employer Identification Number) is 41-1706682. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching David Swenson Foundation by hand.
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