Larry and Sharon Larson

Foundation · Grantmaker ROSEAU, MN EIN: 81-0854977

Larry and Sharon Larson is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ROSEAU, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $34.5M in total assets. In 2024, it awarded 2 grants totaling $147K. Net investment income was $156K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$34.5M

+904.8% YoY

Annual Giving

$147K

+11.2% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$74K

-44.4% YoY

Under IRS private-foundation payout rules, Larry and Sharon Larson reported a distributable amount of $556K for 2024 — the minimum it must pay out in qualifying distributions.

About Larry and Sharon Larson

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Minnesota $426K (100%)

States

Minnesota

Cities

BaudetteGenevaRochester

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$34,519,459	$3,435,369	$2,282,587
Revenue	$31,152,065	$1,286,073	$123,199
Expenses	$149,349	$133,291	$38,434
Qualifying Distributions	$147,152	$132,361	$37,970
Net Investment Income	$156,420	$123,213	$28,999
Distributable Amount	$556,313	$146,955	$132,366

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Mayo Clinic Donor Advised Fund ($146,492), Geneva Cemetary ($660).

Recipient	Purpose	Amount
MAYO CLINIC DONOR ADVISED FUND ROCHESTER, MN	DONATION	$146,492
GENEVA CEMETARY GENEVA, MN	DONATION	$660

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LARRY LARSON	CHAIRMAN	1	—
PETER LARSON	DIRECTOR	0.5	—
CHRISTA WITT	DIRECTOR	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Larry and Sharon Larson?

Larry and Sharon Larson is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ROSEAU, MN. It holds $34.5M in total assets as of 2024.

How large is Larry and Sharon Larson?

As of 2024, Larry and Sharon Larson holds $34.5M in total assets with $31.2M in annual revenue. It awarded 2 grants totaling $147K in 2024.

Where does Larry and Sharon Larson operate?

Larry and Sharon Larson has awarded grants in Minnesota.

What size grants does Larry and Sharon Larson award?

In 2024, Larry and Sharon Larson awarded 2 grants totaling $147K — an average of about $74K per grant, based on its IRS Form 990 filings.

How much is Larry and Sharon Larson required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Larry and Sharon Larson reported a distributable amount of $556K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.