Otter Tail Corporation Foundation
The Otter Tail Corporation Foundation is a corporate foundation based in Fergus Falls, Minnesota. Designated as a 501(c)(3) organization, it was granted tax-exempt status in March 2019. The foundation supports nonprofit organizations, educational institutions, and government agencies in communities where the parent company operates or has facilities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.0M
+41.4% YoY
Annual Giving
$726K
+97.3% YoY
Grant Count
73
-2.7% YoY
Avg Grant Size
$10K
+102.7% YoY
Mission & Focus Areas
The foundation primarily funds operational support for community civic and cultural initiatives, charity choice matching, capital construction, health services, and human services. Key funding priorities include:
- Early childhood education
- Health services for families in need
- Community development
- Environmental sustainability
- Trauma counseling
- Facility upgrades and capital projects
Grantmaking
The foundation encourages applications for 2026 funding, emphasizing collaborative projects that create measurable impacts. The 2025 budget is fully allocated.
Grant Range
s & Activity:**
Average Grant
amount and median grant amount data are available but specific figures were not disclosed in sources
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation funds organizations in the following states:
- Arizona
- Georgia
- Illinois
- Minnesota
- North Dakota
- South Dakota
- Tennessee
- Virginia
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Data (2023):
- Total Assets: $11,302,225
- Total Revenue: $2,283,488
- Total Expenses: $432,381
- Total Giving: $796,025
Prior Year Data (2024):
- Total Assets: $15,980,684
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,980,684 | $11,302,225 | $8,405,424 |
| Revenue | $4,603,318 | $2,283,488 | $3,202,916 |
| Expenses | $1,054,591 | $432,381 | $782,129 |
| Qualifying Distributions | $796,352 | $528,248 | $474,150 |
| Net Investment Income | $544,043 | $242,178 | $194,937 |
| Distributable Amount | $753,045 | $503,769 | $399,300 |
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
223 grants across all recorded years
Open Grants
1 open opportunity from Otter Tail Corporation Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by a volunteer leadership team of five individuals:
- Stephanie Hoff — President
- Kristi Flyen — Treasurer
All leadership team members serve on a voluntary basis without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Stephanie Hoff | President | 1 | — |
| Kristi Flyen | Treasurer | 1 | — |
| Craig A Brye | VP | 1 | — |
| Todd Wahlund | Director | 1 | — |
| NIki Vaagene | Secretary | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation actively encourages grant applications for 2026 after a fully allocated 2025 budget. The organization emphasizes support for collaborative projects that demonstrate measurable community impact across its service areas.
West Central Initiative Awards Grants to 55 Regional Organizations - OtterSubject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Otter Tail Corporation Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities