Sam Foundation
Sam Foundation is a private foundation, based in Wayzata, MN. IRS filing data is available from 2020 through 2021. As of 2021, the organization holds $224K in total assets. In 2021, it awarded 2 grants totaling $15K. Net investment income was $21K.
Sam Foundation at a glance
In short: Sam Foundation gave $15K across 2 grants in 2021 (avg $8K), mostly in Minnesota. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $15,000
- -28.6% vs 2020
- Grants made (2021)
- 2
- -33.3% vs 2020
- Average grant
- $7,500
- +7.1% vs 2020
- Median grant
- $7,500
- Total assets
- $223,867
- +2.2% vs 2020
- Primary geography
- Minnesota (100% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated September 2026.
Who Sam Foundation funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2021 grant dollars across all 2 itemized grants.
States
Cities
How Sam Foundation gives
- In 2021 it paid out 81% 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 2020 to 2021, annual grant giving ranged from $15K (2021) to $21K (2020). In 2021 it made 2 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 2 individual scholarships Recipients not named | — | $15,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2021 | $223,867 | $21,207 | $16,431 | $15,000 | 2 | $16,000 | $20,776 | $19,790 |
| 2020 | $219,091 | $31,440 | $22,453 | $21,000 | 3 | — | $31,012 | $16,039 |
Under IRS private-foundation payout rules, Sam Foundation reported a distributable amount of $20K for 2021 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Sam Foundation is led by Charles M. Webster Jr., President, Treasurer & Director on every filing since 2020; none of the 5 officers listed in 2021 report compensation.
Officers on the 2021 filing
Charles M. Webster Jr.
President, Treasurer & Director
On filings since 2020
1 hr/week
No compensation reported
Elise S. Webster
Director
On filings since 2020
1 hr/week
No compensation reported
Jennifer A. Webster
Director
On filings since 2020
1 hr/week
No compensation reported
Peter M. Webster
Director
On filings since 2020
1 hr/week
No compensation reported
Karin S. Webster
Vice President Secretary Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2021. "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 Sam Foundation
How much does Sam Foundation give each year?
Sam Foundation gave $15K across 2 grants in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $21K across 3 grants.
How large is Sam Foundation?
Sam Foundation reported $224K in total assets on its 2021 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $20K (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 Sam Foundation operate?
Sam Foundation has awarded grants in Minnesota.
What is Sam Foundation's EIN?
Sam Foundation's EIN (Employer Identification Number) is 20-0353925. IRS Form 990 filing data is available on this page for 2020–2021.
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 2020–2021
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Sam Foundation down — hundreds of funders to go?