Fred C and Katherine B Andersen Foundation
The Fred C and Katherine B Andersen Foundation is an independent private foundation established in 1959 by Fred C. Andersen, president of Andersen Corporation, and his wife Katherine, who served on the company board for 50 years. Based in Bayport, Minnesota, the foundation operates as a major regional funder with a mission to advance and build thriving communities through charitable grant making.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$59.8M
+14.1% YoY
Grant Count
271
-3.9% YoY
Avg Grant Size
$221K
+18.7% YoY
Mission & Focus Areas
The foundation was established on the core value that charitable grant making advances and builds thriving communities. The founders believed in the importance of helping the underserved and under-resourced and in being a quiet leader in building healthy strong communities.
The foundation supports a broad range of causes including:
- Healthcare
- Housing
- Education
- Human services
- Civic projects
- Environmental initiatives
- Higher education institutions that do not accept state or federal funding
- Youth programs
- Elderly programs
Grantmaking
Grant Range
$5,000 to $4,000,000 (most grants under $500,000)
Review Cycle
- Decision time: 2-3 months per cycle
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation's primary geographic focus is the St. Croix Valley region of Minnesota and Wisconsin.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $1,673,338,615
- Annual Giving (2024): $60.5 million
- Total Giving: $59,767,042
| 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 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Fred C and Katherine B Andersen Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cancer Center of Western Wisconsin ($1,500,000), Artspace Projects Inc ($1,000,000), American Red Cross ($500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 180 Degrees Inc Saint Paul, MN | PROGRAM OR PROJECT | $50,000 |
| A Chance To Grow Minneapolis, MN | PROGRAM OR PROJECT | $35,000 |
| ABC for Rural Health Turtle Lake, WI | GENERAL OPERATING | $60,000 |
| AccessAbility Inc Minneapolis, MN | PROGRAM OR PROJECT | $25,000 |
| Adoray Home Health & Hospice BALDWIN, WI | PROGRAM OR PROJECT | $75,000 |
| Aeon Minneapolis, MN | GENERAL OPERATING | $30,000 |
| Alia St Paul, MN | GENERAL OPERATING | $15,000 |
| Allina Health Foundation Minneapolis, MN | PROGRAM OR PROJECT | $300,000 |
| Alzheimer's Association Minnesota-North Dakota Chapter Minnetonka, MN | GENERAL OPERATING | $40,000 |
| American Cancer Society Eagan, MN | PROGRAM OR PROJECT | $65,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board & Staff:
- Peter Clements, Board Chair
- Keith Olson, Vice Chair
- Kim Borton, President
- John D Piepel, Director
- Vern J Hill, Director
- Tracey Galowitz, Secretary (began August 2024)
- Sean O'Connor, Director of Finance (recent hire)
Sean O'Connor brings more than 20 years of experience in nonprofit and corporate finance, financial strategy, and investment management. He previously served as Director of Finance at Big Brothers Big Sisters Twin Cities and held senior roles at U.S. Bancorp.
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Recent News & Activity
Recent developments and announcements
The foundation recently announced the hiring of Sean O'Connor as Director of Finance, reflecting its commitment to strengthening financial stewardship and supporting long-term sustainability. Recent grant recipients have included Mount Olivet Rolling Acres (MORA), which received a $110,000 grant to fuel case management expansion, and Memorial Blood Centers.
MORA Receives Landmark $110,000 Grant from FK Andersen Foundation to FuelContact Information
- Address: PO Box 80, Bayport, MN 55003-0080
- Phone: (651) 583-8485 or (651) 264-7355
- Email: info@fkandersen.org
- Website: https://www.fredckatherinebandersenfoundation.org/
- EIN: 41-6020920
Frequently Asked Questions
What does Fred C and Katherine B Andersen Foundation fund?
The foundation was established on the core value that charitable grant making advances and builds thriving communities. The founders believed in the importance of helping the underserved and under-resourced and in being a quiet leader in building healthy strong communities. The foundation supports a broad range of causes including: • Healthcare • Housing • Education • Human services • Civic projects • Environmental initiatives • Higher education institutions that do not accept state or federal …
How do I apply for a grant from Fred C and Katherine B Andersen Foundation?
**Grant Activity:** • Distributed $60.5 million through 271 grants in 2024 • Total assets: $1,673,338,615 • Grant range: $5,000 to $4,000,000 (most grants under $500,000) • Median grant amount: $50,000 **Application Process:** • Three annual grant cycles • Decision time: 2-3 months per cycle • Application portal: https://www.grantinterface.com/Home/Logon?urlkey=andersen • The foundation maintains a strong commitment to its existing grant partners while selectively adding new organizations to it…
Where does Fred C and Katherine B Andersen Foundation make grants?
The foundation's primary geographic focus is the St. Croix Valley region of Minnesota and Wisconsin.
What size grants does Fred C and Katherine B Andersen Foundation award?
In 2024, Fred C and Katherine B Andersen Foundation awarded 271 grants totaling $59.8M — an average of about $221K per grant, based on its IRS Form 990 filings.
What is Fred C and Katherine B Andersen Foundation's EIN?
Fred C and Katherine B Andersen Foundation's EIN (Employer Identification Number) is 41-6020920. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Fred C and Katherine B Andersen Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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