Dr David & Karen Olson Family Foundation
Dr David & Karen Olson Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LA CROSSE, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.9M in total assets. In 2024, it awarded 11 grants totaling $190K. Net investment income was $174K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.9M
-0.4% YoY
Annual Giving
$190K
-11.6% YoY
Grant Count
11
-26.7% YoY
Avg Grant Size
$17K
+20.5% YoY
Under IRS private-foundation payout rules, Dr David & Karen Olson Family Foundation reported a distributable amount of $209K for 2024 — the minimum it must pay out in qualifying distributions.
About Dr David & Karen Olson Family Foundation
Based on IRS filings
Dr David & Karen Olson Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LA CROSSE, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.9M in total assets. In 2024, it awarded 11 grants totaling $190K. Net investment income was $174K.
Focus Areas
Ready to take the next step with Dr David & Karen Olson Family Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,899,145 | $3,916,424 | $3,231,372 |
| Revenue | $232,151 | $940,073 | $139,468 |
| Expenses | $250,546 | $251,753 | $264,723 |
| Qualifying Distributions | $192,261 | $217,063 | $237,642 |
| Net Investment Income | $173,866 | $905,214 | $111,460 |
| Distributable Amount | $208,584 | $188,572 | $219,271 |
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
73 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Second Harvest Heartland ($20,000), Friends of the St Paul Chamber ($20,000), Concordia University ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Second Harvest Heartland Brooklyn Park, MN | HUMANITARIAN | $20,000 |
| Ujamaa Place St Paul, MN | HUMANITARIAN | $10,000 |
| Friends of the St Paul Chamber Saint Paul, MN | MUSIC AND EDUCATION | $20,000 |
| Minnesota Orchestra Minneapolis, MN | MUSICAL EDUCATION | $10,000 |
| Concordia University St Paul, MN | EDUCATION | $20,000 |
| Twin Cities Public Television St Paul, MN | EDUCATION | $20,000 |
| Lutheran Social Services St Paul, MN | HUMANITARIAN | $20,000 |
| Minnesota Public Radio St Paul, MN | EDUCATION | $20,000 |
| People Incorporated Eagan, MN | HUMANITARIAN | $10,000 |
| Friends of the St Paul Public Library Saint Paul, MN | EDUCATION AND LITERACY | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Dr David H Olson | PRES/DIRECTOR/SE | 1 | — |
| Karen B Olson | VICE PRES/DIRECTOR | 1 | — |
| Amy Olson | SECRETARY | 1 | — |
| CT Corporation | Agent | 1 | $452 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Dr David & Karen Olson Family Foundation?
Dr David & Karen Olson Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LA CROSSE, WI. It holds $3.9M in total assets as of 2024.
How large is Dr David & Karen Olson Family Foundation?
As of 2024, Dr David & Karen Olson Family Foundation holds $3.9M in total assets with $232K in annual revenue. It awarded 11 grants totaling $190K in 2024.
Where does Dr David & Karen Olson Family Foundation operate?
Dr David & Karen Olson Family Foundation has awarded grants in Minnesota.
What size grants does Dr David & Karen Olson Family Foundation award?
In 2024, Dr David & Karen Olson Family Foundation awarded 11 grants totaling $190K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Dr David & Karen Olson Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Dr David & Karen Olson Family Foundation reported a distributable amount of $209K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Dr David & Karen Olson Family Foundation's EIN?
Dr David & Karen Olson Family Foundation's EIN (Employer Identification Number) is 46-4203595. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Dr David & Karen Olson Family Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Blackbaud Giving Fund
CHARLESTON SC, SC
Assets
$52.7M
Grants
1,860
Total Given
$41.4M
Xcel Energy Foundation
MINNEAPOLIS, MN
Assets
—
Grants
1,820
Total Given
$7.7M
Saint Paul & Minnesota Foundation
ST PAUL, MN
Assets
$1.6B
Grants
1,445
Total Given
$192.6M
The Us Charitable Gift Trust
BOSTON, MA
Assets
$2.2B
Grants
6,518
Total Given
$231.4M
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
Charities Aid Foundation America
ALEXANDRIA, VA
Assets
$444.9M
Grants
10,157
Total Given
$466.3M
The Minneapolis Foundation
MINNEAPOLIS, MN
Assets
$1.2B
Grants
1,565
Total Given
$121.7M
Otto Bremer Trust
ST PAUL, MN
Assets
—
Grants
883
Total Given
$68.5M
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
The Richard M Schulze Family Foundation
MINNEAPOLIS, MN
Assets
—
Grants
1,431
Total Given
$47.9M
Fred C and Katherine B Andersen Foundation
BAYPORT, MN
Assets
—
Grants
271
Total Given
$59.8M
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Dr David & Karen Olson Family Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities