Gregg W & Denise E Steinhafel Family
The Gregg W & Denise E Steinhafel Family Foundation is a private family foundation established in 2005 and based in Wayzata, Minnesota. The foundation was founded by Gregg W. Steinhafel, former Chief Executive Officer and Chairman of the Board of Target Corporation, the fifth-largest retailer by sales revenue in the United States. Steinhafel also serves as a director of The Toro Company, a lawnmower manufacturer.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.0M
-5.9% YoY
Annual Giving
$288K
-17.3% YoY
Grant Count
31
-3.1% YoY
Avg Grant Size
$9K
-14.6% YoY
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation does not maintain a publicly stated mission statement.
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$10,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Minnesota, California, and Illinois.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $3,018,685
- Total giving: $287,500
- Total revenues: $120,237
- Total expenses: $310,384
- Investment income and dividends: $120,237
- Number of employees: 0
Tax Status:
- EIN: 20-3613105
- 501(c)(3) organization
- Tax-exempt since May 2006
- Files Form 990-PF
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,018,685 | $3,208,832 | $3,458,275 |
| Revenue | $120,237 | $112,728 | $87,544 |
| Expenses | $310,384 | $362,171 | $332,443 |
| Qualifying Distributions | $291,000 | $351,000 | $322,500 |
| Net Investment Income | $112,380 | $104,599 | $89,969 |
| Distributable Amount | $356,700 | $316,805 | $319,923 |
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
155 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Gregg W. Steinhafel is the founder of the foundation. Denise E. Steinhafel is a co-founder.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID J STEINHAFEL | DIRECTOR | 1 | $2,500 |
| DENISE E STEINHAFEL | VICE-PRESIDENT | 0.5 | — |
| GREGG W STEINHAFEL | PRESIDENT | 1.5 | — |
| KELLY M SUN | DIRECTOR | 1 | $2,500 |
| KEVIN M STEINHAFEL | DIRECTOR | 1 | $2,500 |
Contact Information
Address: 2265 N Shore Drive Wayzata, MN 55391-9347
Telephone: 612-802-3105
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Clearway Minnesota (sm)
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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