Sandve Heritage Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE PARK, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $852K in total assets. In 2024, it awarded 20 grants totaling $40K. Net investment income was $53K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$852K
+1.6% YoY
Annual Giving
$40K
+9.6% YoY
Grant Count
20
+0.0% YoY
Avg Grant Size
$2K
+9.6% YoY
Under IRS private-foundation payout rules, Sandve Heritage Foundation reported a distributable amount of $45K for 2024 — the minimum it must pay out in qualifying distributions.
About Sandve Heritage Foundation
Based on IRS filings
Sandve Heritage Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE PARK, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $852K in total assets. In 2024, it awarded 20 grants totaling $40K. Net investment income was $53K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $852,082 | $838,870 | $841,203 |
| Revenue | $23,423 | $19,967 | $17,135 |
| Expenses | $49,042 | $42,281 | $38,904 |
| Qualifying Distributions | $49,042 | $42,281 | $38,904 |
| Net Investment Income | $52,563 | $33,717 | $24,013 |
| Distributable Amount | $45,402 | $42,599 | $43,308 |
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
97 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include JCC Education Foundation ($20,000), Bethany Lutheran Church ELCA ($3,000), Jackson Fire Department ($2,450).
| Recipient | Purpose | Amount |
|---|---|---|
| Client Community Services Worthington, MN | Service to adults with disabilities | $250 |
| JCC Education Foundation Jackson, MN | Scholarships to students | $20,000 |
| Jackson Fire Department Jackson, MN | eqipment | $2,450 |
| Sunset Cottage Hospice Worthington Worthington, MN | Hospice Care | $1,100 |
| Windom Area Hospital Foundation Windom, MN | Scholarships for local students who are interested in pursuing a career in a healthcare field | $1,700 |
| Jackson Food Shelf Inc Jackson, MN | Short term food assistance | $1,000 |
| Jackson Healthcare Foundation Jackson, MN | The mission of the Jackson Health Care Foundation is to promote health and wellness in the Jackson, Minnesota area | $1,700 |
| Odini CircuitAmerican Lutheran Chur Windom, MN | School uniforms and Pastor training | $500 |
| Atlas of Spencer Spencer, IA | ATLAS is here to be your friend and walk with you through the tough times of your life | $800 |
| Salvation Army of Jackson County Mankato, MN | General needs | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Carol A Sandve | Director/Presid | — | — |
| Heidi Hansen | Director/Sec | — | — |
| Sandra Krout | Director/Treas | — | — |
| Dan Winterfeld | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Sandve Heritage Foundation?
Sandve Heritage Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE PARK, IA. It holds $852K in total assets as of 2024.
How large is Sandve Heritage Foundation?
As of 2024, Sandve Heritage Foundation holds $852K in total assets with $23K in annual revenue. It awarded 20 grants totaling $40K in 2024.
Where does Sandve Heritage Foundation operate?
Sandve Heritage Foundation has awarded grants in Iowa, Minnesota, Wisconsin.
What size grants does Sandve Heritage Foundation award?
In 2024, Sandve Heritage Foundation awarded 20 grants totaling $40K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Sandve Heritage Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sandve Heritage Foundation reported a distributable amount of $45K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sandve Heritage Foundation's EIN?
Sandve Heritage Foundation's EIN (Employer Identification Number) is 81-2089562. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Sandve Heritage Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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