The Silseth Foundation
The Silseth Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.9M in total assets. In 2024, it awarded 47 grants totaling $443K. Net investment income was $852K.
Key facts about The Silseth Foundation
- EIN
- 85-3068681
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $442,500
- Grants made (2024)
- 47
- Average grant
- $9,415
- Median grant
- $5,500
- Total assets
- $5,853,215
- Primary geography
- Wisconsin (66% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who The Silseth Foundation funds
By grant dollars, the top recipient states for The Silseth Foundation's 47 itemized 2024 grants were Wisconsin (66%), Florida (12%) and California (6%). The most frequent recipient cities were Milwaukee, WI (9 grants), Brookfield, WI (7 grants), Naples, FL (4 grants) and Washington, DC (2 grants). 81% of grants with a stated purpose were for general or operating support.
How The Silseth Foundation gives
- 83% of 2024 grantees were also funded in 2023. Method
- Giving grew 719% from 2021 to 2024. Method
- In 2024 it paid out 129% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Silseth Foundation
- How to evaluate The Silseth Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.9M
-3.6% YoY
Annual Giving
$443K
+19.8% YoY
Grant Count
47
+23.7% YoY
Avg Grant Size
$9K
-3.1% YoY
Under IRS private-foundation payout rules, The Silseth Foundation reported a distributable amount of $352K for 2024 — the minimum it must pay out in qualifying distributions.
About The Silseth Foundation
Based on IRS filings
The Silseth Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.9M in total assets. In 2024, it awarded 47 grants totaling $443K. Net investment income was $852K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 47 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,853,215 | $6,073,534 | $1,045,919 |
| Revenue | $255,819 | $5,412,741 | $448,041 |
| Expenses | $476,138 | $385,126 | $233,087 |
| Qualifying Distributions | $453,782 | $380,311 | $228,686 |
| Net Investment Income | $852,010 | $1,007,460 | $323,643 |
| Distributable Amount | $351,881 | $198,810 | $50,632 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
116 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Elmbrook Church ($119,000 across 3 grants), Faith Bible Church of Naples Inc ($37,000 across 2 grants), Massachusetts General Hospital ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ELMBROOK CHURCH Brookfield, WI | General & Unrestricted | $84,000 |
| ELMBROOK CHURCH Brookfield, WI | Harvest Fund | $32,000 |
| FAITH BIBLE CHURCH OF NAPLES INC Naples, FL | Building Fund | $25,000 |
| MASSACHUSETTS GENERAL HOSPITAL Boston, MA | Dr Denise Faustman Lab | $25,000 |
| CHRISTIAN SOLIDARITY INTERNATIONAL INC Westlake VLG, CA | General & Unrestricted | $20,000 |
| BROOKLINK INC Brookfield, WI | General & Unrestricted | $15,000 |
| MILWAUKEE RESCUE MISSION Milwaukee, WI | General & Unrestricted | $15,000 |
| THE SALVATION ARMY OF GREATER MILWAUKEE Milwaukee, WI | General & Unrestricted | $15,000 |
| WORLD RELIEF CORPORATION OF NATIONAL ASSOCIATION O Washington, DC | General & Unrestricted | $15,000 |
| FAITH BIBLE CHURCH OF NAPLES INC Naples, FL | General & Unrestricted | $12,000 |
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 |
|---|---|---|---|
| Jennifer S Binversie | Dir, Sec | 1 | — |
| John M Silseth | Dir, Pres | 2 | — |
| John B Silseth | Dir, Treas | 1 | — |
| Karen K Silseth | Dir, VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Silseth Foundation?
The Silseth Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $5.9M in total assets as of 2024.
How large is The Silseth Foundation?
As of 2024, The Silseth Foundation holds $5.9M in total assets with $256K in annual revenue. It awarded 47 grants totaling $443K in 2024.
Where does The Silseth Foundation operate?
The Silseth Foundation has awarded grants in California, District of Columbia, Florida, Massachusetts, Maryland, Minnesota, North Carolina, New Hampshire, New York, Ohio, Tennessee, Wisconsin.
What size grants does The Silseth Foundation award?
In 2024, The Silseth Foundation awarded 47 grants totaling $443K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Silseth Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Silseth Foundation reported a distributable amount of $352K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Silseth Foundation's EIN?
The Silseth Foundation's EIN (Employer Identification Number) is 85-3068681. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.