The Annexstad Family Foundation
The Annexstad Family Foundation is a private foundation based in Alpharetta, Georgia. Established in 2000, it supports undergraduate scholarships for students who have overcome challenging circumstances, working with colleges and universities that select scholarship recipients.
Key facts about The Annexstad Family Foundation
In short: The Annexstad Family Foundation gave $3.2M across 54 grants in 2025 (avg $59K), top state Indiana. 6% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 41-1975043
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $3,200,283
- Grants made (2025)
- 54
- Average grant
- $59,265
- Median grant
- $43,875
- New grantees (estimate)
- 6% first-time grantees (3 of 54, 2025)
- Total assets
- $32,629,129
- Primary geography
- Indiana (34% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$32.6M
+4.6% YoY
Annual Giving
$3.2M
+43.3% YoY
Grant Count
54
+8.0% YoY
Avg Grant Size
$59K
+32.7% YoY
Under IRS private-foundation payout rules, The Annexstad Family Foundation reported a distributable amount of $1.5M for 2025 — the minimum it must pay out in qualifying distributions.
Is The Annexstad Family Foundation open to new grantees?
6%
first-time grantees, 2025
In 2025, 3 of 54 grantees (6%) were first-time recipients. First grants averaged $21K; repeat grants $62K. How we count
Medians: $13K first-time, $44K repeat.
- 91% of 2025 grantees were also funded in 2024. Method
- Giving grew 61% from 2022 to 2025. Method
- In 2025 it paid out 284% of 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.
Mission & Focus Areas
The foundation says it was established to help deserving and determined young people who have overcome difficult circumstances pursue higher education. Its scholarship programs support undergraduate study. The Leaders for Tomorrow National Scholarship Program focuses on students with academic ability, leadership potential, and resilience; the foundation says many are first-generation college students.
The foundation’s grants include support for colleges and university foundations. In their own descriptions, grantees characterize their work in varied ways: the Indiana University Foundation says it advances philanthropic support for Indiana University; the University of Mississippi describes its purpose as acquiring, maintaining, and improving university facilities; and Clemson University Foundation says it promotes the university’s educational and scientific research purposes. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In filing year 2025, the foundation reported 54 grants totaling $3,200,283. The grants ranged from $2,065 to $1,000,000, with a median of $43,875. The largest listed grants were $1,000,000 to the University of Notre Dame and $308,914 to the University of Georgia, both for scholarships. Other large scholarship grants included $80,000 to Indiana University Foundation, $75,270 to the University of Mississippi, and $75,000 to Clemson University Foundation.
Open Grants
1 open opportunity from The Annexstad Family Foundation
Ready to take the next step with The Annexstad Family Foundation?
Geographic Focus
Where this funder awards grants
The Leaders for Tomorrow program is national and operates through institutional partners. The foundation’s listed partners include colleges and universities across the East, West, North, South, and Central regions of the United States.
In 2025, the largest shares of grant dollars by recipient state went to Indiana (34%), Georgia (14%), Minnesota (10%), California (9%), and Massachusetts (5%).
Grant Distribution by State
Share of 2025 grant dollars across all 54 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $1.9M (2021) to $3.2M (2025). In 2025 it made 54 grants totaling $3.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was University of Notre Dame ($1.0M). Together the top 10 received $1.8M.
Grant Size Distribution
243 grants across all recorded years
The most common grant size was under $50K: 157 grants of 243 (65%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Notre Dame Notre Dame, IN | Scholarship | $1,000,000 |
| University of Georgia Athens, GA | Scholarship | $308,914 |
| Indiana University Foundation Bloomington, IN | Scholarship | $80,000 |
| University of Mississippi Oxford, MS | Scholarship | $75,270 |
| Clemson University Foundation Clemson, SC | Scholarship | $75,000 |
| Gonzaga University Spokane, WA | Scholarship | $60,000 |
| The Goldie Foundation Chicago, IL | Scholarship | $60,000 |
| University of St Thomas St. Paul, MN | Scholarship | $60,000 |
| Vanderbilt University Nashville, TN | Scholarship | $56,250 |
| Gustavus Adolphus College Saint Peter, MN | Scholarship | $55,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grant total | Number of grants |
|---|---|---|
| 2025 | $3,200,283 | 54 |
| 2024 | $2,232,916 | 50 |
| 2023 | $2,976,745 | 50 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $32,629,129 | $31,208,872 | $28,225,532 |
| Revenue | $3,698,777 | $3,694,282 | $2,235,249 |
| Expenses | $4,727,185 | $3,664,185 | $4,239,169 |
| Qualifying Distributions | $4,327,367 | $3,302,431 | $3,958,800 |
| Net Investment Income | $2,995,525 | $3,154,570 | $1,274,821 |
| Distributable Amount | $1,523,381 | $1,450,006 | $1,332,916 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 1, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 19, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 21, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 25, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Patti Annexstad as executive director/CFO; Catherine C Annexstad as president; Tom Annexstad as vice president; Morgan Marinovich as treasurer; and Mackenzi Marinovich as secretary. It also lists Maggie Marinovich as officer/marketing manager, and Shane Annexstad, Blake Annexstad, Kaci Annexstad, and Karen Annexstad as officers.
The Annexstad Family Foundation is led by Patti Annexstad, Executive Director & CFO on every filing since 2021; 2 of 10 officers listed in 2025 are compensated.
Officers on the 2025 filing
Patti Annexstad
Executive Director & CFO
On filings since 2021
40 hrs/week
$166K (2021) → $222K (2025)
Catherine C. Annexstad
President
Vice President → President, 2021
On filings since 2020
1 hr/week
No compensation reported
Maggie Marinovich
Officer & Marketing Manager
Officer → Officer & Marketing Manager, 2025
On filings since 2020
40 hrs/week
$86K (2025)
Blake Annexstad
Officer
On filings since 2020
1 hr/week
No compensation reported
Kaci Annexstad
Officer
On filings since 2020
1 hr/week
No compensation reported
Karen Annexstad
Officer
On filings since 2020
1 hr/week
No compensation reported
Mackenzi Marinovich
Secretary
Officer → Secretary, 2021
On filings since 2020
1 hr/week
No compensation reported
Morgan Marinovich
Treasurer
Officer → Treasurer, 2021
On filings since 2020
1 hr/week
No compensation reported
Shane Annexstad
Officer
On filings since 2020
1 hr/week
No compensation reported
Tom Annexstad
Vice President
On filings since 2020
1 hr/week
No compensation reported
Former officers (3)
- Former: Albert T. Annexstad (2020–2023) — Chairman
- Former: Dick Sherwood (2020–2021) — Advisor to the Board
- Former: Patti Annexstad Marinovich (2020) — Secretary & Treasurer
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $222K, to Patti Annexstad (Executive Director/CFO). 2 officers or directors reported compensation on that filing.
Contact
Mailing address: 209 N Esplanade, Alpharetta, GA 30009
Phone: (612) 558-2007
Website: https://annexstadfamilyfoundation.org
Frequently asked questions about The Annexstad Family Foundation
How much does The Annexstad Family Foundation give each year?
The Annexstad Family Foundation gave $3.2M across 54 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.2M across 50 grants.
What is The Annexstad Family Foundation's typical grant size?
The Annexstad Family Foundation's median grant in 2025 was $43,875, and its average grant was $59,265, across 54 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Annexstad Family Foundation that year got $21K on average.
Where does The Annexstad Family Foundation give grants?
The Annexstad Family Foundation's top state is Indiana, with 34% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Georgia (14%) and Minnesota (10%). The most frequent recipient cities were Atlanta, GA (3 grants), Chicago, IL (2 grants), St. Paul, MN (2 grants) and Cambridge, MA (2 grants).
Does The Annexstad Family Foundation give general operating support?
Not in 2025: none of the 54 grants with a stated purpose on The Annexstad Family Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (53 grants).
Who are The Annexstad Family Foundation's largest grantees?
The Annexstad Family Foundation's largest 2025 grantees include University of Notre Dame ($1,000,000), University of Georgia ($308,914) and Indiana University Foundation ($80,000), according to its 2025 IRS Form 990-PF. Together they received 43% of its itemized 2025 grant dollars.
How large is The Annexstad Family Foundation?
The Annexstad Family Foundation reported $32.6M in total assets on its 2025 IRS Form 990-PF. It paid out $4.3M in qualifying distributions that year, against a required minimum of $1.5M (roughly 5% of its investment assets).
What does The Annexstad Family Foundation fund?
The foundation says it was established to help deserving and determined young people who have overcome difficult circumstances pursue higher education. Its scholarship programs support undergraduate study. See mission & focus areas ↑
How do I apply for a grant from The Annexstad Family Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Annexstad Family Foundation's EIN?
The Annexstad Family Foundation's EIN (Employer Identification Number) is 41-1975043. IRS Form 990 filing data is available on this page for 2020–2025.
Does The Annexstad Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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