Gustafson Family Foudation is a private foundation focused on Human Services, based in BURNSVILLE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 6 grants totaling $135K. Net investment income was $19K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
Annual Giving
$135K
Grant Count
6
Avg Grant Size
$23K
Under IRS private-foundation payout rules, Gustafson Family Foudation reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About Gustafson Family Foudation
Based on IRS filings
Gustafson Family Foudation is a private foundation focused on Human Services, based in BURNSVILLE, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 6 grants totaling $135K. Net investment income was $19K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $1,204,255 | $150,416 | $56,274 |
| Revenue | $396,876 | $103,003 | $18,014 |
| Expenses | $135,814 | $8,861 | $14,368 |
| Qualifying Distributions | $135,000 | $8,300 | $13,529 |
| Net Investment Income | $19,410 | $161 | $8,856 |
| Distributable Amount | $3,986 | $96 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Open Door Pantry ($95,000), Domestic Abuse Project ($15,000), Minnesota Landscape Arboretum ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MINNESOTA LANDSCAPE ARBORETUM CHASKA, MN | EDUCATION | $10,000 |
| NORTHPOINT HEALTH & WELLNESS MINNEAPOLIS, MN | HEALTH CARE | $5,000 |
| SECOND HARVEST HEARTLAND BROOKLYN PARK, MN | FOOD SHELF | $5,000 |
| THE OPEN DOOR PANTRY EAGAN, MN | FOOD SHELF | $95,000 |
| DOMESTIC ABUSE PROJECT MINNEAPOLIS, MN | DOMESTIC ABUSE EDUCATION | $15,000 |
| SISTERS OF ST JOSEPH MINISTRIES FOUNDATION ST PAUL, MN | COMMUNITY ACTION | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DANNIE H GUSTAFSON | PRESIDENT | 1 | — |
| KRISTEN V KHANNA | TREASURER | 1 | — |
| JEFFREY D GUSTAFSON | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gustafson Family Foudation?
Gustafson Family Foudation is a private foundation focused on Human Services, based in BURNSVILLE, MN. It holds $1.2M in total assets as of 2024.
How large is Gustafson Family Foudation?
As of 2024, Gustafson Family Foudation holds $1.2M in total assets with $397K in annual revenue. It awarded 6 grants totaling $135K in 2024.
Where does Gustafson Family Foudation operate?
Gustafson Family Foudation has awarded grants in Minnesota, Tennessee.
What size grants does Gustafson Family Foudation award?
In 2024, Gustafson Family Foudation awarded 6 grants totaling $135K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Gustafson Family Foudation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gustafson Family Foudation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gustafson Family Foudation's EIN?
Gustafson Family Foudation's EIN (Employer Identification Number) is 73-1627902. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gustafson Family Foudation'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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