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
Among its reported 2024 grants, the largest include Federated Insurance Foundation ($200,000), Food Group the ($150,000), Loaves & Fishes ($85,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALEXANDRA HOUSE BLAINE, MN | OPERATING | $7,500 |
| ALLINA HEALTH FOUNDATION MINNEAPOLIS, MN | OPERATING | $2,000 |
| ALZHEIMER'S ASSOCIATION MN-ND CHAPTER MINNETONKA, MN | OPERATING | $5,000 |
| AMERICAN RED CROSS - NORTHERN CHAPTER MINNEAPOLIS, MN | OPERATING | $25,000 |
| ANIMAL HUMANE SOCIETY GOLDEN VALLEY, MN | OPERATING | $11,000 |
| ASSOCIATION OF ASIAN AMERICAN INVESTMENT MANAGERS (AAAIM) 2024 SAN FRANCISCO, CA | OPERATING | $35,000 |
| BOLDER OPTIONS MINNEAPOLIS, MN | OPERATING | $5,000 |
| BOUNTIFUL BASKET FOODSHELF CHASKA, MN | OPERATING | $10,000 |
| CATHOLIC CHARITIES OF SAINT PAUL AND MINNEAPOLIS ST PAUL, MN | OPERATING | $20,000 |
| CHILDREN'S THEATRE COMPANY MINNEAPOLIS, MN | OPERATING | $5,000 |
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
Frequently Asked Questions
What does Sit Investment Associates Foundation fund?
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.
How do I apply for a grant from Sit Investment Associates Foundation?
**Grant Sizes:** Typical awards range from $250,000 to $785,000. **Total Giving:** $3,200,000 in annual giving (based on most recent IRS 990 filing). **Historical Impact:** Since its inception, the Foundation has contributed over $27 million to various philanthropic and community organizations.
Where does Sit Investment Associates Foundation make grants?
The foundation's grant-making focuses primarily on: • Minnesota • New Jersey • California
What size grants does Sit Investment Associates Foundation award?
In 2024, Sit Investment Associates Foundation awarded 118 grants totaling $3.2M — an average of about $27K per grant, based on its IRS Form 990 filings.
What is Sit Investment Associates Foundation's EIN?
Sit Investment Associates Foundation's EIN (Employer Identification Number) is 41-1468021. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Sit Investment Associates Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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