Fossum Foundation Inc
To assist in carrying out the purpose of the North Dakota State University Foundation, a nonprofit corporation, organized and existing for the support of North Dakota State University.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$581K
-0.6% YoY
Annual Giving
$97K
+95.6% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$48K
+95.6% YoY
About Fossum Foundation Inc
Based on IRS filings
Fossum Foundation Inc is a nonprofit organization, based in FARGO, ND. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $581K in total assets. In 2024, it awarded 2 grants totaling $97K. Net investment income was $8K.
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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 | $581,333 | $584,746 | $536,328 |
| Revenue | $94,955 | $99,358 | $110,221 |
| Expenses | $99,238 | $51,532 | $67,947 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $8,393 | $3,249 | $1,430 |
| 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 2 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include North Dakota State University ($76,918), NDSU Foundation ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NDSU Foundation Fargo, ND | — | $20,000 |
| North Dakota State University Fargo, ND | — | $76,918 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Allyson Peterson | Assistant Secretary/Treasurer | 0.5 | — |
| John Shotwell | President | 0.02 | — |
| Clyde Fossum | Vice President | 0.01 | — |
| Burdell Fossum | Secretary | 0.02 | — |
| Carl Larson | Treasurer | 0.01 | — |
| Karen Morrison | Director | 0.03 | — |
| Gregg Halverson | Director | 0.02 | — |
| Donn Diederich | Director | 0.01 | — |
Frequently Asked Questions
How large is Fossum Foundation Inc?
As of 2024, Fossum Foundation Inc holds $581K in total assets with $95K in annual revenue. It awarded 2 grants totaling $97K in 2024.
Where does Fossum Foundation Inc operate?
Fossum Foundation Inc has awarded grants in North Dakota.
What size grants does Fossum Foundation Inc award?
In 2024, Fossum Foundation Inc awarded 2 grants totaling $97K — an average of about $48K per grant, based on its IRS Form 990 filings.
What is Fossum Foundation Inc's EIN?
Fossum Foundation Inc's EIN (Employer Identification Number) is 45-6013302. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Fossum Foundation Inc'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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