Steve and Gretchen Stenehjem Foundation
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 grants totaling $297K. Net investment income was $1.8M.
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
1
-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
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 grants totaling $297K. Net investment income was $1.8M.
Focus Areas
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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 | $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 |
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 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
From 2024 IRS filing
From 2024 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
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 grants 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 grants 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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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