Steve and Gretchen Stenehjem Foundation

Foundation · Grantmaker Watford City, ND EIN: 87-4132712

Steve and Gretchen Stenehjem Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Watford City, ND. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $14.5M in total assets. In 2024, it awarded 1 grant totaling $297K. Net investment income was $1.8M.

Key facts about Steve and Gretchen Stenehjem Foundation

EIN: 87-4132712
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $297,144
Grants made (2024): 1
Average grant: $297,144
Median grant: $297,144
Total assets: $14,483,199
Primary geography: Ohio (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

How Steve and Gretchen Stenehjem Foundation gives

In 2024 it paid out 51% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Steve and Gretchen Stenehjem Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$14.5M

+53.1% YoY

Annual Giving

$297K

+91.7% YoY

Grant Count

-92.9% YoY

Avg Grant Size

$297K

+2583.9% YoY

Under IRS private-foundation payout rules, Steve and Gretchen Stenehjem Foundation reported a distributable amount of $596K for 2024 — the minimum it must pay out in qualifying distributions.

About Steve and Gretchen Stenehjem Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $297K (100%)

Share of all 1 itemized 2024 grant dollars.

States

Arizona District of Columbia Minnesota North Dakota Ohio Texas Virginia

Cities

Grand ForksWashingtonArlingtonAustinFargoGolden ValleyHudsonPhoenixRestonRichmondSpringfieldWatford CityWest Fargo

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$14,483,199	$9,459,695	$4,291,418
Revenue	$5,422,364	$5,376,054	$2,545,062
Expenses	$398,860	$206,929	$37,231
Qualifying Distributions	$301,132	$159,315	$10,100
Net Investment Income	$1,765,954	$1,728,440	$3,523
Distributable Amount	$595,940	$301,671	$159,575

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2021–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

16 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include American Endowment Foundation ($297,144).

Recipient	Purpose	Amount
American Endowment Foundation Hudson, OH	For distributions for charitable purposes.	$297,144

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Stephen L Stenehjem	Chairman	1	—
Gretchen K Stenehjem	Trustee	1	—
Stephen P Stenehjem	Trustee	1	—
Kira Stenehjem-Noll	Trustee	1	—
Erik P Stenehjem	Trustee	1	—
Kristen K Stenehjem	Trustee	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Steve and Gretchen Stenehjem Foundation?

Steve and Gretchen Stenehjem Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Watford City, ND. It holds $14.5M in total assets as of 2024.

How large is Steve and Gretchen Stenehjem Foundation?

As of 2024, Steve and Gretchen Stenehjem Foundation holds $14.5M in total assets with $5.4M in annual revenue. It awarded 1 grant totaling $297K in 2024.

Where does Steve and Gretchen Stenehjem Foundation operate?

Steve and Gretchen Stenehjem Foundation has awarded grants in Arizona, District of Columbia, Minnesota, North Dakota, Ohio, Texas, Virginia.

What size grants does Steve and Gretchen Stenehjem Foundation award?

In 2024, Steve and Gretchen Stenehjem Foundation awarded 1 grant totaling $297K — an average of about $297K per grant, based on its IRS Form 990 filings.

How much is Steve and Gretchen Stenehjem Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Steve and Gretchen Stenehjem Foundation reported a distributable amount of $596K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Steve and Gretchen Stenehjem Foundation's EIN?

Steve and Gretchen Stenehjem Foundation's EIN (Employer Identification Number) is 87-4132712. IRS Form 990 filing data is available on this page for 2021–2024.