Sjostrom & Sons Foundation
Sjostrom & Sons Foundation is a private foundation, based in ROCKFORD, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $716K in total assets. In 2024, it awarded 40 grants totaling $50K. Net investment income was $32K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$716K
-2.7% YoY
Annual Giving
$50K
+0.0% YoY
Grant Count
40
+2.6% YoY
Avg Grant Size
$1K
-2.5% YoY
Under IRS private-foundation payout rules, Sjostrom & Sons Foundation reported a distributable amount of $45K for 2024 — the minimum it must pay out in qualifying distributions.
About Sjostrom & Sons Foundation
Based on IRS filings
Sjostrom & Sons Foundation is a private foundation, based in ROCKFORD, IL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $716K in total assets. In 2024, it awarded 40 grants totaling $50K. Net investment income was $32K.
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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 | $715,668 | $735,823 | $761,950 |
| Revenue | $44,967 | $40,199 | $31,499 |
| Expenses | $65,122 | $66,326 | $68,313 |
| Qualifying Distributions | $51,735 | $51,686 | $52,570 |
| Net Investment Income | $32,129 | $25,427 | $16,512 |
| Distributable Amount | $44,596 | $43,669 | $47,698 |
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
159 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ymca of Rock River Valley ($6,000), Rosecrance Foundation ($5,000), Trinity Lutheran Church ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BARBARA OLSON CENTER OF HOPE ROCKFORD, IL | MEDICAL | $1,000 |
| BURPEE NATURAL HISTORY MUSEUM ROCKFORD, IL | HISTORICAL | $2,500 |
| CENTER FOR SIGHTHEARING IMPAIRED ROCKFORD, IL | MEDICAL | $500 |
| CORNELL COLLEGE MOUNT VERNON, IA | EDUCATIONAL | $2,000 |
| CRUSADER CLINIC ROCKFORD, IL | MEDICAL | $1,000 |
| DISCOVERY CENTER ROCKFORD, IL | EDUCATIONAL | $1,000 |
| HUNGER CONNECTION ROCKFORD, IL | CHARITABLE | $500 |
| ILLINOIS GROWTH ENTERPRISES LOVES PARK, IL | EDUCATIONAL | $1,000 |
| IOWA STATE UNIVERSITY AMES, IA | EDUCATIONAL | $2,000 |
| KEN-ROCK COMMUNITY CENTER ROCKFORD, IL | RECREATIONAL | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOEL SJOSTROM | DIRECTOR | — | — |
| KRISTOPHER SJOSTROM | DIRECTOR | — | — |
Frequently Asked Questions
How large is Sjostrom & Sons Foundation?
As of 2024, Sjostrom & Sons Foundation holds $716K in total assets with $45K in annual revenue. It awarded 40 grants totaling $50K in 2024.
Where does Sjostrom & Sons Foundation operate?
Sjostrom & Sons Foundation has awarded grants in Iowa, Illinois, Ohio.
What size grants does Sjostrom & Sons Foundation award?
In 2024, Sjostrom & Sons Foundation awarded 40 grants totaling $50K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Sjostrom & Sons Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sjostrom & Sons Foundation reported a distributable amount of $45K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sjostrom & Sons Foundation's EIN?
Sjostrom & Sons Foundation's EIN (Employer Identification Number) is 36-3225935. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Sjostrom & Sons 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.