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.
Rasmussen Foundation at a glance
In short: Rasmussen Foundation gave $155K across 3 grants in 2024 (avg $52K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $155,000
- +90.2% vs 2023
- Grants made (2024)
- 3
- -25.0% vs 2023
- Average grant
- $51,667
- +153.6% vs 2023
- Median grant
- $25,000
- Total assets
- $2,850,621
- +18.6% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Rasmussen Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was The ALS Network ($125K). Together the top 3 received $155K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 8 grants of 12 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $82K (2023) to $227K (2022). In 2024 it made 3 grants totaling $155K.
Grants by year
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 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,850,621 | $826,545 | $197,669 | $155,000 | 3 | $155,000 | $800,523 | $120,164 |
| 2023 | $2,403,421 | $211,800 | $105,185 | $81,500 | 4 | $81,500 | $201,998 | $105,220 |
| 2022 | $2,099,380 | $149,796 | $246,878 | $226,500 | 3 | $226,500 | $140,805 | $104,377 |
| 2021 | $2,685,800 | $132,350 | $127,118 | $110,000 | 2 | $110,000 | $120,691 | $119,586 |
| 2020 | $2,354,941 | $104,441 | $14,705 | — | — | — | $94,412 | $99,057 |
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.
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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