Edward & Hannah Gustafson Foundation
Edward & Hannah Gustafson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CROSSLAKE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $279K in total assets. In 2024, it awarded 6 grants totaling $13K. Net investment income was $15K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$279K
+11.1% YoY
Annual Giving
$13K
+32.6% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$2K
+10.5% YoY
Under IRS private-foundation payout rules, Edward & Hannah Gustafson Foundation reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
About Edward & Hannah Gustafson Foundation
Based on IRS filings
Edward & Hannah Gustafson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CROSSLAKE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $279K in total assets. In 2024, it awarded 6 grants totaling $13K. Net investment income was $15K.
Focus Areas
Ready to take the next step with Edward & Hannah Gustafson Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $279,264 | $251,251 | $252,861 |
| Revenue | $15,016 | $52,956 | $-44,568 |
| Expenses | $19,379 | $17,235 | $24,796 |
| Qualifying Distributions | $12,600 | $9,500 | $14,200 |
| Net Investment Income | $15,016 | — | — |
| Distributable Amount | $13,545 | $12,528 | $9,414 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
23 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Salvation Army ($4,000), American Cancer ($2,500), American Heart Association ($1,800).
| Recipient | Purpose | Amount |
|---|---|---|
| Salvation Army Saint Paul, MN | 501 C3 | $4,000 |
| American Cancer Minneapolis, MN | 501 C3 | $2,500 |
| American Heart Association Dallas, TX | 501 C3 | $1,800 |
| Alzhimer's Association Chicago, IL | 501 C3 | $1,500 |
| Feed My Starving Children Minneapolis, MN | 501 C3 | $1,800 |
| Homeless and Wounded Worriors Emily, MN | 501 C3 | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mike Foschi | President | — | $5,777 |
| Claudia Foschi | Director | — | — |
| Cindy Rodmann | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Edward & Hannah Gustafson Foundation?
Edward & Hannah Gustafson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CROSSLAKE, MN. It holds $279K in total assets as of 2024.
How large is Edward & Hannah Gustafson Foundation?
As of 2024, Edward & Hannah Gustafson Foundation holds $279K in total assets with $15K in annual revenue. It awarded 6 grants totaling $13K in 2024.
Where does Edward & Hannah Gustafson Foundation operate?
Edward & Hannah Gustafson Foundation has awarded grants in Connecticut, Illinois, Minnesota, Missouri, Texas.
What size grants does Edward & Hannah Gustafson Foundation award?
In 2024, Edward & Hannah Gustafson Foundation awarded 6 grants totaling $13K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Edward & Hannah Gustafson Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Edward & Hannah Gustafson Foundation reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Edward & Hannah Gustafson Foundation's EIN?
Edward & Hannah Gustafson Foundation's EIN (Employer Identification Number) is 86-1052101. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Edward & Hannah Gustafson 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.