Rasmussen Foundation
Rasmussen Foundation is a private foundation, based in Agoura Hills, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.9M in total assets. In 2024, it awarded 3 grants totaling $155K. Net investment income was $801K.
Key facts about Rasmussen Foundation
In short: Rasmussen Foundation gave $155K across 3 grants in 2024 (avg $52K), mostly in California. Source: 2024 IRS Form 990-PF.
- EIN
- 77-0166925
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $155,000
- Grants made (2024)
- 3
- Average grant
- $51,667
- Median grant
- $25,000
- Total assets
- $2,850,621
- Primary geography
- California (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.9M
+18.6% YoY
Annual Giving
$155K
+90.2% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$52K
+153.6% YoY
Under IRS private-foundation payout rules, Rasmussen Foundation reported a distributable amount of $120K for 2024 — the minimum it must pay out in qualifying distributions.
How Rasmussen Foundation gives
- Giving grew 41% from 2021 to 2024. Method
- In 2024 it paid out 129% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| THE ALS NETWORK Agoura Hills, CA | CHARITABLE | $125,000 |
| VIEWPOINT SCHOOL Calabasas, CA | CHARITABLE | $25,000 |
| JAMES STOREHOUSE Newbury Park, CA | CHARITABLE | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,850,621 | $2,403,421 | $2,099,380 |
| Revenue | $826,545 | $211,800 | $149,796 |
| Expenses | $197,669 | $105,185 | $246,878 |
| Qualifying Distributions | $155,000 | $81,500 | $226,500 |
| Net Investment Income | $800,523 | $201,998 | $140,805 |
| Distributable Amount | $120,164 | $105,220 | $104,377 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Rasmussen Foundation is led by Kathleen Rasmussen, President since 2023 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kathleen Rasmussen
President
Vice President & Secretary → President, 2023
On filings since 2020
No compensation reported
Eric N. Rasmussen
CFO
On filings since 2020
No compensation reported
Timothy G. Macdonald
Vice President & Secretary
On filings since 2023
No compensation reported
Former officers (1)
- Former: C. Dean Rasmussen (2020–2022) — President
Data from IRS Form 990 filings, 2020–2024. "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 Rasmussen Foundation
How much does Rasmussen Foundation give each year?
Rasmussen Foundation gave $155K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $82K across 4 grants.
What is Rasmussen Foundation's typical grant size?
Rasmussen Foundation's median grant in 2024 was $25,000, and its average grant was $51,667, across 3 grants on its 2024 IRS Form 990-PF.
Where does Rasmussen Foundation give grants?
Rasmussen Foundation gives mostly in California: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Rasmussen Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Rasmussen Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (3 grants).
How large is Rasmussen Foundation?
Rasmussen Foundation reported $2.9M in total assets on its 2024 IRS Form 990-PF. It paid out $155K in qualifying distributions that year, against a required minimum of $120K (roughly 5% of its investment assets).
What is Rasmussen Foundation's EIN?
Rasmussen Foundation's EIN (Employer Identification Number) is 77-0166925. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Rasmussen Foundation by hand.
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