Steel Dynamics Foundation Inc
The Steel Dynamics Foundation Inc. is a corporate foundation established in 2009 and based in Fort Wayne, Indiana. It is a 501(c)(3) organization supported by Steel Dynamics Inc. The foundation awards grants to nonprofit organizations in the local communities where Steel Dynamics employees live and work, with a decentralized grantmaking model that empowers local facility managers to identify and recommend nonprofits for funding.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.4M
-10.0% YoY
Annual Giving
$2.5M
+22.5% YoY
Grant Count
21
+40.0% YoY
Avg Grant Size
$119K
-12.5% YoY
Mission & Focus Areas
Primary Goal: Enhancing the quality of life and improving local economies in the communities where Steel Dynamics employees live and work.
Top Priorities:
- Higher Education: Finance and business programs, and Science, Technology, Engineering, and Math (STEM)
- Post-Secondary Education and Economic Development: The foundation believes a better-educated workforce creates a stronger economy with higher living standards and more opportunities for everyone
- Human Services: Improving quality of life and making communities more attractive places to live and work. The foundation considers applications from nonprofit organizations that have significant impact in their communities, serve large populations, meet the greatest needs, and have the widest access
The foundation gives special consideration to organizations supported both financially by Steel Dynamics facilities and with employee time, talent, and donations.
Grantmaking
Grant Range
** Grants range from $1,000 to $3,000,000, with typical awards between $10,000 and $1,000,000.
How to Apply
** Grant applications are managed through local Steel Dynamics facility managers rather than a centralized application portal. Applicants should contact their local Steel Dynamics, OmniSource, New Millennium Building Systems, Steel of West Virginia, or Vulcan Steel Products facility to initiate a request.
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Geographic Focus
Where this funder awards grants
The foundation funds communities where Steel Dynamics Inc. and its subsidiaries have employees, primarily in the Midwest and Southeast United States. Documented funding activity includes Indiana, West Virginia, and Tennessee.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $12,668,761 (as of December 2023)
Total Revenues (2023): $900,926
- Investment income and dividends: $432,569
- Net gain from sale of non-inventory assets: $464,357
- Grants and contributions: $4,000
Total Expenses (2023): $663,016
Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,398,214 | $12,668,761 | $12,738,537 |
| Revenue | $1,532,916 | $900,926 | $270,451 |
| Expenses | $2,116,287 | $663,016 | $4,234,509 |
| Qualifying Distributions | $2,492,500 | $2,035,000 | $1,181,406 |
| Net Investment Income | $1,482,485 | $858,709 | $211,377 |
| Distributable Amount | $603,555 | $610,701 | $687,325 |
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
98 grants across all recorded years
Open Grants
1 open opportunity from Steel Dynamics Foundation Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Anne Simerman is listed as the registered agent for the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THERESA E WAGLER | PRESIDENT/SE | — | — |
| RICHARD A POINSATTE | FND ADMIN/TR | 2 | — |
| MARK D MILLETT | DIRECTOR | — | — |
| JAMES MARCUCCILLI | DIRECTOR | — | — |
Recent News & Activity
Recent developments and announcements
The Steel Dynamics Foundation pledged $2 million to Trine University's Pellegrino Student Design Center, demonstrating the foundation's commitment to supporting higher education and STEM initiatives in its communities.
Steel Dynamics Foundation awards $2M for Trine\u2019s student design center\The foundation maintains active community engagement through employee volunteerism, including documented participation in holiday gift collection and delivery programs at local organizations such as Palmer Home Columbus.
Subject Areas
Focus areas based on grantmaking activity
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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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