LP and Teresa Anderson Foundation
LP and Teresa Anderson Foundation is a private foundation, based in Miles City, MT. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $335K in total assets. In 2025, it awarded 1 grant totaling $3K. Net investment income was $6K.
LP and Teresa Anderson Foundation at a glance
In short: LP and Teresa Anderson Foundation gave $3K across 1 grant in 2025 (avg $3K), mostly in Montana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,400
- -57.5% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $3,400
- -57.5% vs 2024
- Median grant
- $3,400
- Total assets
- $335,165
- +0.4% vs 2024
- Primary geography
- Montana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who LP and Teresa Anderson Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Milestown Community Improvement Inc ($3K).
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 9 grants of 9 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How LP and Teresa Anderson Foundation gives
- Giving fell 74% from 2022 to 2025. Method
- In 2025 it paid out 25% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $1K (2021) to $14K (2023). In 2025 it made 1 grant totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Milestown Community Improvement Inc Miles City, MT | Youth: Wibaux Park Wading Pool RPR | $3,400 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $335,165 | $13,611 | $12,694 | $3,400 | 1 | $5,433 | $6,435 | $21,378 |
| 2024 | $333,914 | $18,438 | $18,878 | $8,000 | 1 | $11,120 | $10,578 | $20,196 |
| 2023 | $333,709 | $5,406 | $24,452 | $13,780 | 4 | $16,562 | $4,619 | $20,954 |
| 2022 | $352,795 | $12,697 | $22,581 | $13,132 | 2 | $15,298 | $5,414 | $22,790 |
| 2021 | $363,220 | $7,924 | $7,249 | $1,000 | 1 | — | $9,566 | $20,381 |
Under IRS private-foundation payout rules, LP and Teresa Anderson Foundation reported a distributable amount of $21K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
LP and Teresa Anderson Foundation is led by Sandra K. Anderson, President on every filing since 2021; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Sandra K. Anderson
President
On filings since 2021
2 hrs/week
No compensation reported
Currently Vacant
Vice President
On filings since 2021
No compensation reported
Jeffrey A. Hunnes
Secretary
On filings since 2021
1 hr/week
No compensation reported
Kevin Tooke
Treasurer
On filings since 2021
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about LP and Teresa Anderson Foundation
How much does LP and Teresa Anderson Foundation give each year?
LP and Teresa Anderson Foundation gave $3K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8K across 1 grant.
How large is LP and Teresa Anderson Foundation?
LP and Teresa Anderson Foundation reported $335K in total assets on its 2025 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $21K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does LP and Teresa Anderson Foundation operate?
LP and Teresa Anderson Foundation has awarded grants in Montana.
What is LP and Teresa Anderson Foundation's EIN?
LP and Teresa Anderson Foundation's EIN (Employer Identification Number) is 81-0479060. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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Figures come from LP and Teresa Anderson Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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