Sit Investment Associates Foundation
The Sit Investment Associates Foundation is a private foundation based in Minneapolis, Minnesota, established in 1981. The foundation was organized to aid charitable and educational organizations at the community level and supports the charitable activities of employees at Sit Investment Associates, a privately held, multi-billion-dollar asset management firm founded in 1981.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$3.2M
+18.5% YoY
Grant Count
118
+0.9% YoY
Avg Grant Size
$27K
+17.5% YoY
Mission & Focus Areas
The foundation's mission centers on community-minded charitable giving and volunteer initiatives. Primary funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation also supports the charitable activities of firm employees through a grants program where employees submit donation requests for consideration to the Foundation for specific charitable organizations.
Grantmaking
Grant Range
s:** Typical awards range from $250,000 to $785,000.
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Geographic Focus
Where this funder awards grants
The foundation's grant-making focuses primarily on:
- Minnesota
- New Jersey
- California
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $42,239,466 (most recent filing)
Annual Expenses: $2.75 million (2023)
Annual Revenue: $2.24 million (2023)
Total Liabilities: $0 (2023)
Tax-Exempt Status: 501(c)(3) organization, tax-exempt since July 1984
EIN: 41-1468021
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL E RASMUSSEN | SECRETARY | 1 | — |
| DEBRA K BEAUDET | ASST. SECRETARY | 1 | — |
| ROGER J SIT | VOTING MEMBER | 1 | — |
| CARLA J ROSE | VOTING MEMBER | 1 | — |
| RONALD D SIT | DIRECTOR | 1 | — |
Contact Information
Address: 3300 IDS Center, 80 South Eighth Street, Minneapolis, MN 55402
Phone: 612.332.3223
Email: info@sitinvest.com
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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