Eugene C and Gail V Sit Foundation
The Eugene C and Gail V Sit Foundation is a private family foundation established in 1986 and based in Minneapolis, Minnesota. The foundation operates as an independent family foundation with a focus on supporting charitable causes primarily within Minnesota.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$921K
+22.8% YoY
Grant Count
6
-14.3% YoY
Avg Grant Size
$154K
+43.3% YoY
Mission & Focus Areas
The foundation's giving priorities include:
- Military appreciation and support for military personnel and their families
- Education, particularly science and STEM education
- The arts
- Social services and human services
- Philanthropy and voluntarism
The foundation has demonstrated particular commitment to supporting Minnesota's military community through significant funding of military appreciation initiatives.
Grantmaking
The foundation has also provided support for educational initiatives, including funding for a chair position at the University of Minnesota Medical School's Department of Surgery.
Ready to take the next step with Eugene C and Gail V Sit Foundation?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations and initiatives in Minnesota, with particular emphasis on the Minneapolis area and statewide causes.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $4,427,845
- Total Annual Giving: $921,200
- Foundation Type: Private family foundation
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
33 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Minnesotans' Military Appreciation Fund ($890,000), Minneapolis Institute of Arts ($15,000), Pathway's to Children's Foundation ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Pathway's to Children's Foundation Minneapolis, MN | To help further the organizations charitable purpose | $5,000 |
| Minneapolis Institute of Arts Minneapolis, MN | To help further the organizations charitable purpose | $15,000 |
| University of Minnesota Foundation Minneapolis, MN | To help further the organizations charitable purpose | $5,000 |
| Wallin Education Partners Minneapolis, MN | To help further the organizations charitable purpose | $5,000 |
| Minnesota Historical Society Saint Paul, MN | To help further the organizations charitable purpose | $1,200 |
| Minnesotans' Military Appreciation Fund Minneapolis, MN | To help further the organizations charitable purpose | $890,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Eugene "Gene" C. Sit (1936–2005) was the founder and served as Chairman, CEO, and Chief Investment Officer of Sit Investment Associates, Inc., a Minneapolis-based investment advisory firm founded in July 1981. He was a member of the Carleton College Board of Trustees from 1990 to August 2005 and focused his trustee efforts on the Investment Committee. He is survived by his wife, Gail, five sons (Roger, Ronald, Robert, Raymond, and Richard), a daughter (Debra), and 11 grandchildren.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RONALD D SIT | Director | — | — |
Contact Information
Address: 80 S 8th St Ste 3300, Minneapolis, MN 55402-2206
Telephone: 612-359-2530
EIN: 41-1572465
Frequently Asked Questions
What does Eugene C and Gail V Sit Foundation fund?
The foundation's giving priorities include: • Military appreciation and support for military personnel and their families • Education, particularly science and STEM education • The arts • Social services and human services • Philanthropy and voluntarism The foundation has demonstrated particular commitment to supporting Minnesota's military community through significant funding of military appreciation initiatives.
How do I apply for a grant from Eugene C and Gail V Sit Foundation?
**Grant Amounts:** Typical awards range from $500 to $890,000. **Recent Grant Activity:** Based on the most recent available data, the foundation distributed $921,200 in total giving. Notable recent grants include: • $708,600 to Minnesotans' Military Appreciation Fund (2023) to help further the organization's charitable purpose • $5,000 to Pathways To Children Foundation (2023) to help further the organization's charitable purpose The foundation has also provided support for educational initiat…
Where does Eugene C and Gail V Sit Foundation make grants?
The foundation primarily funds organizations and initiatives in Minnesota, with particular emphasis on the Minneapolis area and statewide causes.
What size grants does Eugene C and Gail V Sit Foundation award?
In 2024, Eugene C and Gail V Sit Foundation awarded 6 grants totaling $921K — an average of about $154K per grant, based on its IRS Form 990 filings.
What is Eugene C and Gail V Sit Foundation's EIN?
Eugene C and Gail V Sit Foundation's EIN (Employer Identification Number) is 41-1572465. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Eugene C and Gail V Sit Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
Litchfield Student Anglers Club
LITCHFIELD, MN
Assets
$738
Grants
0
Total Given
—
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Eugene C and Gail V Sit 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
Go from researching Eugene C and Gail V Sit Foundation to a real strategy.