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
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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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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