Southpoint Financial Credit Union
SouthPoint Foundation is the philanthropic arm of SouthPoint Financial Credit Union, a Minnesota-incorporated 501(c)(3) charitable foundation based in an individual recipient, Minnesota. It makes grants to charitable organizations and supports financial literacy programs and scholarships for post-secondary education.
Southpoint Financial Credit Union at a glance
In short: Southpoint Financial Credit Union gave $54K across 19 grants in 2025 (avg $3K), mostly in Minnesota. 86% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $53,855
- +118.9% vs 2024
- Grants made (2025)
- 19
- +46.2% vs 2024
- Average grant
- $2,834
- +49.8% vs 2024
- Median grant
- $1,500
- Total assets
- $109,429
- -0.9% vs 2024
- New grantees (estimate)
- 86% first-time grantees (12 of 14, 2025; small sample)
- Primary geography
- Minnesota (94% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Southpoint Financial Credit Union
- How to Apply
-
The foundation’s website encourages educators and nonprofits to apply and directs them to contact the Foundation to learn how. Its 2025 filing gives scholarship application instructions: submit an essay electronically. The filing says applicants must be SouthPoint members and meet the scholarship eligibility requirements described above.
- Review Cycle
- The filing’s scholarship instructions gave a March 31 deadline for the 2025 cycle; that cycle is past. The website’s 2026 scholarship application period ran from February 16 through March 16, 2026, and is closed.
- Deadline
- The filing’s scholarship instructions gave a March 31 deadline for the 2025 cycle; that cycle is past.
- Contact
Application contact: Troy Diedrich
Mailing address: 924 East Main Street, Sleepy Eye, MN 56085
Phone: (507) 794-6712
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Southpoint Financial Credit Union funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was St Mary's Sleepy Eye School ($10K). Together the top 10 received $41K.
Organizations only. It also paid 5 individual scholarships ($7,500), which are not listed by name.
Grant Size Distribution
74 grants across all recorded years
The most common grant size was under $50K: 74 grants of 74 (100%).
Geographic Focus
Where this funder awards grants
The foundation’s website says its golf tournament proceeds support charitable initiatives in the 30 counties SouthPoint serves. In 2025, 94% of grant dollars went to recipients in Minnesota, with 3% each going to Texas and Wisconsin. Listed Minnesota recipients include organizations in an individual recipient, New Ulm, Mankato, Buffalo, St. Paul, and Moorhead.
Grant Distribution by State
Share of 2025 grant dollars across all 19 itemized grants.
Cities
Is Southpoint Financial Credit Union open to new grantees?
86%
first-time grantees, 2025
In 2025, 12 of 14 grantees (86%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $3K; repeat grants $7K. How we count
Medians: $2K first-time, $7K repeat.
- 7% of 2025 grantees were also funded in 2024. Method
- Giving grew 99% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $25K (2024) to $54K (2025). In 2025 it made 19 grants totaling $54K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Mary's Sleepy Eye School Sleepy Eye, MN | Technology Grant | $10,000 |
| Numas Haus New ULM, MN | Capital Campaign Grant | $5,000 |
| Life-Work Planning Center Mankato, MN | Women in Transition Matching Grant | $5,000 |
| City of Buffalo Buffalo, MN | Community Center Capital Campaign | $5,000 |
| Sleepy Eye Baseball Association Sleepy Eye, MN | New Bleacher Capital Campaign | $5,000 |
| Junior Achievement St. Paul, MN | 2024 Community Grant | $3,600 |
| New ULM Basketball Association New ULM, MN | Capital Campaign Grant | $2,500 |
| Mankato District 77 Abe Mankato, MN | Financial Literacy Workshops Grant | $1,755 |
| 2025 St Mary's School Sleepy Eye - Gordon Osmonson Scholarship Sleepy Eye, MN | Scholarship | $1,500 |
| 5 individual scholarships Recipients not named | — | $7,500 |
Ready to take the next step with Southpoint Financial Credit Union?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $109,429 | $71,815 | $72,859 | $53,855 | 19 | $72,859 | $181 | $6,872 |
| 2024 | $110,473 | $66,361 | $40,678 | $24,600 | 13 | $40,678 | $140 | $5,654 |
| 2023 | $84,790 | $54,430 | $48,870 | $37,100 | 16 | $48,423 | — | $4,765 |
| 2022 | $79,230 | $58,303 | $40,880 | $27,000 | 15 | $40,486 | — | $4,175 |
| 2021 | $61,807 | $32,438 | $27,803 | $26,500 | 11 | $27,803 | $62 | $3,484 |
| 2020 | $57,172 | $31,462 | $27,339 | $25,000 | 15 | — | $106 | $3,274 |
Under IRS private-foundation payout rules, Southpoint Financial Credit Union reported a distributable amount of $7K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation is organized for charitable and educational purposes. Its website says it funds organizations that qualify as tax-exempt under Section 501(c)(3), supports financial literacy development, and awards scholarships for post-secondary education. It encourages educators and nonprofit organizations that engage and empower their communities to apply.
Its 2025 grants included capital campaigns, technology, financial literacy workshops, and scholarships. One recipient, Sioux Valley Gun Club, describes its own mission as promoting safe, responsible firearm use through education, with a focus on youth development, gun-safety training, and trap-shooting programs.
Grantmaking
In 2025, the foundation reported 19 grants totaling $53,855. Grant amounts ranged from $1,000 to $10,000, with a median of $1,500. Notable awards included $10,000 to an individual recipient Sleepy Eye School for a technology grant; $5,000 each to NUMAS Haus for a capital campaign, Life-Work Planning Center for a women-in-transition matching grant, the City of Buffalo for a community-center capital campaign, and an individual recipient Baseball Association for a bleacher campaign. Other listed awards included $3,600 to Junior Achievement for a community grant and $1,755 to Mankato District 77 ABE for financial literacy workshops.
The foundation’s website separately announced that Life-Works Planning Center and NUMAS Haus were selected for $20,000 each through a collaboration with the Federal Home Loan Bank of Des Moines and its Member Impact Fund. The foundation’s 2025 filing lists $5,000 grants to each organization.
The foundation reported awarding $13,500 in scholarship money to SouthPoint members continuing their education in 2025–26. These scholarships are for individual members, not grants to outside organizations. Applicants must be SouthPoint members, high school seniors planning to attend an eligible accredited post-secondary institution, and full- or part-time students there. Previous scholarship recipients and certain SouthPoint or Foundation employees, directors, committee members, and specified relatives are ineligible.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Troy Diedrich as president; Kim Peterson, Tom Gengler, and Megan Karg as directors; Scott Surprenant as treasurer; Robert Weiss as secretary; and Adam Seifert as vice president. Tom Gengler and Megan Karg were appointed on October 27, 2025.
Southpoint Financial Credit Union is led by Troy Diedrich, President on every filing since 2020; none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Troy Diedrich
President
On filings since 2020
1 hr/week
No compensation reported
Kim Peterson
Director
On filings since 2024
1 hr/week
No compensation reported
Megan Karg
Director
New on the 2025 filing
1 hr/week
No compensation reported
Tom Gengler
Director
New on the 2025 filing
1 hr/week
No compensation reported
Robert Weiss
Secretary
On filings since 2020
1 hr/week
No compensation reported
Scott Surprenant
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Adam Seifert
Vice President
On filings since 2023
1 hr/week
No compensation reported
Former officers (3)
- Former: Jay Gostonczik (2020–2024) — Director
- Former: Matthew Lux (2020–2023) — Vice President
- Former: Richard Nesvold (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "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 Southpoint Financial Credit Union
How much does Southpoint Financial Credit Union give each year?
Southpoint Financial Credit Union gave $54K across 19 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $25K across 13 grants.
What is Southpoint Financial Credit Union's typical grant size?
Southpoint Financial Credit Union's median grant in 2025 was $1,500, and its average grant was $2,834, across 19 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Southpoint Financial Credit Union that year got $3K on average.
Where does Southpoint Financial Credit Union give grants?
Southpoint Financial Credit Union gives mostly in Minnesota: 94% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Sleepy Eye, MN (3 grants), New ULM, MN (3 grants), Mankato, MN (2 grants) and St. Paul, MN (2 grants).
Does Southpoint Financial Credit Union give general operating support?
Not in 2025: none of the 19 grants with a stated purpose on Southpoint Financial Credit Union's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (10 grants).
Who are Southpoint Financial Credit Union's largest grantees?
Southpoint Financial Credit Union's largest 2025 grantees include St Mary's Sleepy Eye School ($10,000), Numas Haus ($5,000) and Life-Work Planning Center ($5,000), according to its 2025 IRS Form 990-PF. It also paid 5 individual scholarships ($7,500), which are not listed by name. Together they received 37% of its itemized 2025 grant dollars.
How large is Southpoint Financial Credit Union?
Southpoint Financial Credit Union reported $109K in total assets on its 2025 IRS Form 990-PF. It paid out $73K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets).
What does Southpoint Financial Credit Union fund?
The foundation is organized for charitable and educational purposes. Its website says it funds organizations that qualify as tax-exempt under Section 501(c)(3), supports financial literacy development, and awards scholarships for post-secondary education. See mission & focus areas ↑
How do I apply for a grant from Southpoint Financial Credit Union?
The foundation’s website encourages educators and nonprofits to apply and directs them to contact the Foundation to learn how. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Southpoint Financial Credit Union's EIN?
Southpoint Financial Credit Union's EIN (Employer Identification Number) is 82-3572824. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 1, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Southpoint Financial Credit Union's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Tradition Family Foundation
Lakeville, MN
Tradition Family Foundation supports youth hockey programs and families with disabilities, with its 2025 grants going to Minnesota recipients. Recent awards ranged from $500 to $2,000, though its annual grantmaking has varied substantially. It accepts applications using its grant cover sheet or the Minnesota Common Grant Application, with a narrative; no deadline is stated.
Assets
$33K
Grants
4
Total Given
$4K
Giustina Foundation
Eugene, OR
The Giustina Foundation funds a range of purposes, including education, scholarships, arts, sports and community projects, and conservation, with most 2025 grant dollars going to Oregon and the rest to California. In 2025, it awarded 21 grants totaling $4.662 million; amounts ranged from $1,000 to $4.08 million, with a median of $5,000. It funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$14.7M
Grants
21
Total Given
$4.7M
Piper Sandler Foundation
Minneapolis, MN
Piper Sandler Foundation supports education and career-opportunity programs for people from under-resourced communities, as well as charitable organizations selected by the company and its employees. Its 2025 grants had a median of $4,000, with awards ranging widely, and primarily served communities where Piper Sandler employees live and work, especially Minnesota, New York, and Texas. It accepts requests through a grant application; the stated application period is July 17–September 1.
Assets
$11.4M
Grants
59
Total Given
$4.5M
Lockheed Martin Leadership Association
Fort Worth, TX
The purpose of the Lockheed Martin Leadership Association is to volunteer our professionals for community activities and service, develop member professional skills and foster camaraderie among members.
Assets
$525K
Grants
0
Total Given
$6K
Johnston Family Foundation Inc
Fort Wayne, IN
Assets
$124K
Grants
3
Total Given
$8K
Cressey - FMLY Charitable Tr
Saint Louis, MO
Assets
$1.1M
Grants
5
Total Given
$77K
More similar funders
More Funders in Minnesota
Cite this profile
Grantable. (2026). Southpoint Financial Credit Union funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/southpoint-financial-credit-union-morg_ab5f467a4a244019b8949c638203bb72
BibTeX
@misc{grantable_823572824_2026,
author = {{Grantable}},
title = {{Southpoint Financial Credit Union funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/southpoint-financial-credit-union-morg_ab5f467a4a244019b8949c638203bb72},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Southpoint Financial Credit Union's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Southpoint Financial Credit Union down — hundreds of funders to go?