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
Under IRS private-foundation payout rules, Gregg W & Denise E Steinhafel Family reported a distributable amount of $357K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Fellowship of Christian Athletes ($25,000), Turning Point Usa ($25,000), Wheaton College ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BREAKTHROUGH T1D BLOOMINGTON, MN | GENERAL FUND | $10,000 |
| CARROLL UNIVERSITY WAUKESHA, WI | GENERAL FUND | $10,000 |
| CENTER OF THE AMERICAN EXPERIMENT MINNETONKA, MN | GENERAL FUND | $15,000 |
| CRIME PREVENTION FUND ST BONIFACIUS, MN | GENERAL FUND | $5,000 |
| DUNWOODY COLLEGE OF TECHNOLOGY MINNEAPOLIS, MN | GENERAL FUND | $10,000 |
| EAGLEBROOK CHURCH CENTERVILLE, MN | GENERAL FUND | $5,000 |
| FELLOWSHIP OF CHRISTIAN ATHLETES ENCINITAS, CA | GENERAL FUND | $25,000 |
| INTERFAITH OUTREACH PLYMOUTH, MN | GENERAL FUND | $2,500 |
| JEREMIAH PROGRAM MINNEAPOLIS, MN | GENERAL FUND | $5,000 |
| JR LEAGUE OF MINNEAPOLIS MINNEAPOLIS, MN | GENERAL FUND | $10,000 |
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
Frequently Asked Questions
What does Gregg W & Denise E Steinhafel Family fund?
The foundation's primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation does not maintain a publicly stated mission statement.
How do I apply for a grant from Gregg W & Denise E Steinhafel Family?
**Grant Activity:** • Annual giving: approximately $287,500–$288,000 • Number of grants: 31 grants annually • Median grant size: $10,000 • Grant range: $3,000–$50,000 • Giving rate: 9.5% of assets **Application Policy:** The foundation does not accept unsolicited applications and operates on an invite-only basis. **Recent Grantees (2024):** • Wheaton College ($25,000) • Center of the American Experiment ($15,000) • Legacy Christian Academy ($10,000) • Fellowship Of Christian Athletes
Where does Gregg W & Denise E Steinhafel Family make grants?
The foundation primarily funds organizations in Minnesota, California, and Illinois.
What size grants does Gregg W & Denise E Steinhafel Family award?
In 2024, Gregg W & Denise E Steinhafel Family awarded 31 grants totaling $288K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Gregg W & Denise E Steinhafel Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gregg W & Denise E Steinhafel Family reported a distributable amount of $357K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gregg W & Denise E Steinhafel Family's EIN?
Gregg W & Denise E Steinhafel Family's EIN (Employer Identification Number) is 20-3613105. IRS Form 990 filing data is available on this page for 2020–2024.
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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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