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
No grants recorded for .
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 | — |
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—
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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