Eugene C and Gail V Sit Foundation
The Eugene C and Gail V Sit Foundation is a private foundation based in Minneapolis, Minnesota. Its reported 2024 grants supported charitable organizations in Minnesota, including organizations working in military appreciation, arts, education, and history.
Eugene C and Gail V Sit Foundation at a glance
In short: Eugene C and Gail V Sit Foundation gave $921K across 6 grants in 2024 (avg $154K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $921,200
- +22.8% vs 2023
- Grants made (2024)
- 6
- -14.3% vs 2023
- Average grant
- $153,533
- +43.3% vs 2023
- Median grant
- $5,000
- Total assets
- $4,427,845
- -9.9% vs 2023
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Eugene C and Gail V Sit Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 80 South 8Th Street Ste Ste3300, Minneapolis, MN 55402
Phone: (612) 359-2530
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Eugene C and Gail V Sit Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Minnesotans' Military Appreciation Fund ($890K). Together the top 6 received $921K.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 28 grants of 33 (85%).
Geographic Focus
Where this funder awards grants
All reported 2024 grant dollars went to recipients in Minnesota.
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Eugene C and Gail V Sit Foundation gives
- Giving held roughly steady from 2021 to 2024 (+11%). Method
- In 2024 it paid out 100% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $621K (2020) to $921K (2024). In 2024 it made 6 grants totaling $921K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Minnesotans' Military Appreciation Fund Minneapolis, MN | To help further the organizations charitable purpose | $890,000 |
| Minneapolis Institute of Arts Minneapolis, MN | To help further the organizations charitable purpose | $15,000 |
| Pathway's to Children's Foundation Minneapolis, MN | To help further the organizations charitable purpose | $5,000 |
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,427,845 | $365,724 | $926,281 | $921,200 | 6 | $921,361 | $361,506 | $920,397 |
| 2023 | $4,913,880 | $488,078 | $781,838 | $750,000 | 7 | $750,000 | $487,424 | $757,916 |
| 2022 | $5,280,754 | $945,417 | $772,966 | $757,500 | 7 | $757,500 | $983,618 | $744,852 |
| 2021 | $5,006,790 | $509,286 | $852,099 | $831,200 | 6 | — | $503,434 | $848,809 |
| 2020 | $5,414,148 | $458,502 | $652,763 | $621,300 | 7 | — | $971,604 | $632,373 |
Under IRS private-foundation payout rules, Eugene C and Gail V Sit Foundation reported a distributable amount of $920K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included support for the Minnesotans’ Military Appreciation Fund, the Minneapolis Institute of Arts, education-related organizations, and the Minnesota Historical Society.
The grantees describe their work in their own terms: Wallin Education Partners says it works to ensure college and career success for high-potential students from low-income backgrounds through financial aid, holistic support, and partnerships. The University of Minnesota Foundation says it provides stewardship for university donors and manages foundation assets. The Minnesota Historical Society describes itself as an educational and cultural institution that collects, preserves, and shares Minnesota’s history.
Grantmaking
In 2024, the foundation reported six grants totaling $921,200. Awards ranged from $1,200 to $890,000, with a median of $5,000. The largest grant was $890,000 to the Minnesotans’ Military Appreciation Fund. Other listed grants included $15,000 to the Minneapolis Institute of Arts; $5,000 each to Pathway’s to Children’s Foundation, the University of Minnesota Foundation, and Wallin Education Partners; and $1,200 to the Minnesota Historical Society. Each listed grant’s stated purpose was to help further the recipient organization’s charitable purpose.
Leadership & Key People
Leadership team and compensation from IRS filings
Ronald D Sit is listed as a director on the 2024 filing.
Eugene C and Gail V Sit Foundation is led by Ronald D. Sit, Director since 2023 (on filings since 2020) — the only officer listed, and uncompensated.
Officers on the 2024 filing
Ronald D. Sit
Director
Secretary Director → Director, 2023
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Eugene C and Gail V Sit Foundation
How much does Eugene C and Gail V Sit Foundation give each year?
Eugene C and Gail V Sit Foundation gave $921K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $750K across 7 grants.
What is Eugene C and Gail V Sit Foundation's typical grant size?
Eugene C and Gail V Sit Foundation's median grant in 2024 was $5,000, and its average grant was $153,533, across 6 grants on its 2024 IRS Form 990-PF.
Where does Eugene C and Gail V Sit Foundation give grants?
Eugene C and Gail V Sit Foundation gives mostly in Minnesota: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Minneapolis, MN (5 grants).
Who are Eugene C and Gail V Sit Foundation's largest grantees?
Eugene C and Gail V Sit Foundation's largest 2024 grantees include Minnesotans' Military Appreciation Fund ($890,000), Minneapolis Institute of Arts ($15,000) and Pathway's to Children's Foundation ($5,000), according to its 2024 IRS Form 990-PF. Together they received 99% of its itemized 2024 grant dollars.
How large is Eugene C and Gail V Sit Foundation?
Eugene C and Gail V Sit Foundation reported $4.4M in total assets on its 2024 IRS Form 990-PF. It paid out $921K in qualifying distributions that year, against a required minimum of $920K (roughly 5% of its investment assets).
What does Eugene C and Gail V Sit Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included support for the Minnesotans’ Military Appreciation Fund, the Minneapolis Institute of Arts, education-related organizations, and the Minnesota Historical Society. See mission & focus areas ↑
How do I apply for a grant from Eugene C and Gail V Sit Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Eugene C and Gail V Sit Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 18, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 10, 2025)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Eugene C and Gail V Sit Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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