The Helgeson Foundation is a private foundation focused on Public, Societal Benefit, based in MINNEAPOLIS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 31 grants totaling $136K. Net investment income was $516K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
+17.2% YoY
Annual Giving
$136K
-6.8% YoY
Grant Count
31
+3.3% YoY
Avg Grant Size
$4K
-9.9% YoY
Under IRS private-foundation payout rules, The Helgeson Foundation reported a distributable amount of $163K for 2024 — the minimum it must pay out in qualifying distributions.
About The Helgeson Foundation
Based on IRS filings
The Helgeson Foundation is a private foundation focused on Public, Societal Benefit, based in MINNEAPOLIS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 31 grants totaling $136K. Net investment income was $516K.
Focus Areas
Ready to take the next step with The Helgeson Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,491,325 | $2,124,816 | $2,213,601 |
| Revenue | $576,145 | $137,057 | $100,216 |
| Expenses | $209,636 | $217,842 | $229,790 |
| Qualifying Distributions | $149,448 | $159,969 | $173,136 |
| Net Investment Income | $515,956 | $79,184 | $48,329 |
| Distributable Amount | $163,259 | $149,549 | $159,137 |
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
133 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Climate Generation ($10,500), Cedar Cultural Center ($10,000), Wolf Ridge Environmental Learning Center ($9,500).
| Recipient | Purpose | Amount |
|---|---|---|
| American Composers Forum Saint Paul, MN | General Funding | $5,000 |
| American Indian Community Housing Organization Duluth, MN | General Funding | $1,000 |
| Articulture Minneapolis, MN | General Funding | $1,000 |
| Brownbody Vadnais Heights, MN | General Funding | $8,000 |
| Cedar Cultural Center Minneapolis, MN | General Funding | $10,000 |
| Center For Irish Music Saint Paul, MN | General Funding | $5,000 |
| Climate Generation Minneapolis, MN | General Funding | $10,500 |
| ComMUSICation Saint Paul, MN | General Funding | $1,000 |
| Ernest Oberholtzer Foundation Marine on Saint Croix, MN | General Funding | $2,500 |
| Friends of the Sherburne National Wildlife Refuge Zimmerman, MN | General Funding | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Glen Helgeson | Pres & Treas | — | $12,000 |
| Rita Penrod Helgeson | Exec Dir & S | — | $12,000 |
| Mariah Kathan | Vice President | — | $8,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Helgeson Foundation?
The Helgeson Foundation is a private foundation focused on Public, Societal Benefit, based in MINNEAPOLIS, MN. It holds $2.5M in total assets as of 2024.
How large is The Helgeson Foundation?
As of 2024, The Helgeson Foundation holds $2.5M in total assets with $576K in annual revenue. It awarded 31 grants totaling $136K in 2024.
Where does The Helgeson Foundation operate?
The Helgeson Foundation has awarded grants in California, Minnesota.
What size grants does The Helgeson Foundation award?
In 2024, The Helgeson Foundation awarded 31 grants totaling $136K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Helgeson Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Helgeson Foundation reported a distributable amount of $163K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Helgeson Foundation's EIN?
The Helgeson Foundation's EIN (Employer Identification Number) is 46-4350306. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Helgeson Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
Litchfield Student Anglers Club
LITCHFIELD, MN
Assets
$738
Grants
0
Total Given
—
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Helgeson Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Helgeson Foundation to a real strategy.