Jeannette and Curt Olson Foundation
Jeannette and Curt Olson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GRANITE FALLS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 17 grants totaling $105K. Net investment income was $100K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
+2.8% YoY
Annual Giving
$105K
+1.9% YoY
Grant Count
17
-10.5% YoY
Avg Grant Size
$6K
+13.9% YoY
Under IRS private-foundation payout rules, Jeannette and Curt Olson Foundation reported a distributable amount of $105K for 2024 — the minimum it must pay out in qualifying distributions.
About Jeannette and Curt Olson Foundation
Based on IRS filings
Jeannette and Curt Olson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GRANITE FALLS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 17 grants totaling $105K. Net investment income was $100K.
Focus Areas
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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 | $2,182,290 | $2,122,358 | $2,120,867 |
| Revenue | $168,167 | $109,972 | $135,813 |
| Expenses | $108,235 | $108,481 | $122,445 |
| Qualifying Distributions | $105,000 | $103,000 | $117,000 |
| Net Investment Income | $100,000 | $82,256 | $91,544 |
| Distributable Amount | $105,403 | $98,953 | $105,262 |
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
90 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Yellow Medicine East ($25,000), City of Granite Falls ($15,000), Neighbors United Resource Center ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AVERA FOUNDATION SIOUX FALLS, SD | GRANITE FALLS AMBULANCE FUND | $5,000 |
| CITY OF GRANITE FALLS GRANITE FALLS, MN | RECREATION FIELDS | $15,000 |
| CITY OF GRANITE FALLS GRANITE FALLS, MN | KATHLEEN JORDAN PROJECT | $2,000 |
| GRANITE AREA ARTS COUNCIL GRANITE FALLS, MN | OPERATING EXPENSES | $2,000 |
| GRANITE FALLS ALANO SOCIETY GRANITE FALLS, MN | ROOF REPLACEMENT | $5,000 |
| GRANITE FALLS CONGREGATIONAL GRANITE FALLS, MN | OPERATIONAL EXPENSES | $5,000 |
| GRANITE FALLS HISTORICAL SOCIETY GRANITE FALLS, MN | CHARITABLE ACTIVITIES | $3,000 |
| GRANITE FALLS LIVING AT GRANITE FALLS, MN | HEALTH SERVICES TO ELDERLY RESIDENTS | $5,000 |
| GRANITE FALLS LUTHERAN CHURCH GRANITE FALLS, MN | OPERATIONAL EXPENSES | $5,000 |
| MINNESOTA WEST FOUNDATION CANBY, MN | SCHOLARSHIPS | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SPENCER H KVAM | PRESIDENT | 2 | — |
| JOHN VIRNIG | VICE-PRESIDE | 1 | — |
| BARRY EVENSTAD | TREASURER | 3 | — |
| BRAD PETERSON | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Jeannette and Curt Olson Foundation?
Jeannette and Curt Olson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GRANITE FALLS, MN. It holds $2.2M in total assets as of 2024.
How large is Jeannette and Curt Olson Foundation?
As of 2024, Jeannette and Curt Olson Foundation holds $2.2M in total assets with $168K in annual revenue. It awarded 17 grants totaling $105K in 2024.
Where does Jeannette and Curt Olson Foundation operate?
Jeannette and Curt Olson Foundation has awarded grants in Minnesota, South Dakota.
What size grants does Jeannette and Curt Olson Foundation award?
In 2024, Jeannette and Curt Olson Foundation awarded 17 grants totaling $105K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Jeannette and Curt Olson Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jeannette and Curt Olson Foundation reported a distributable amount of $105K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jeannette and Curt Olson Foundation's EIN?
Jeannette and Curt Olson Foundation's EIN (Employer Identification Number) is 27-0572772. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Jeannette and Curt Olson Foundation'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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