Walter N and Phyllis a Anderson
Walter N and Phyllis a Anderson is a private foundation, based in Glencoe, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.7M in total assets. In 2025, it awarded 2 grants totaling $140K. Net investment income was $102K.
Walter N and Phyllis a Anderson at a glance
In short: Walter N and Phyllis a Anderson gave $140K across 2 grants in 2025 (avg $70K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $140,179
- +7.9% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $70,090
- +7.9% vs 2024
- Median grant
- $70,090
- Total assets
- $1,731,727
- -2.6% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Walter N and Phyllis a Anderson funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Vital North Foundation Formally Known as North Shore Health Care Foundation ($70K). Together the top 2 received $140K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $50–100K range: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Walter N and Phyllis a Anderson gives
- Giving held roughly steady from 2022 to 2025 (−6%). Method
- In 2025 it paid out 103% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $100K (2020) to $148K (2022). In 2025 it made 2 grants totaling $140K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vital North Foundation Formally Known as North Shore Health Care Foundation Grand Marais, MN | Unrestricted General Support | $70,090 |
| North House Folk School Grand Marais, MN | Unrestricted General Support | $70,089 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,731,727 | $124,036 | $170,505 | $140,179 | 2 | $142,089 | $101,579 | $137,903 |
| 2024 | $1,778,196 | $206,182 | $156,566 | $129,975 | 2 | $131,795 | $184,361 | $130,617 |
| 2023 | $1,728,580 | $131,487 | $143,465 | $119,826 | 2 | $121,481 | $111,651 | $118,487 |
| 2022 | $1,740,558 | $42,056 | $176,055 | $148,384 | 2 | $149,894 | $26,977 | $124,108 |
| 2021 | $1,874,557 | $222,725 | $146,497 | $120,000 | 2 | $121,440 | $200,424 | $132,905 |
| 2020 | $1,798,045 | $158,232 | $128,629 | $100,000 | 2 | — | $137,928 | $115,591 |
| 2019 | $1,768,390 | $293,499 | $142,576 | $120,000 | 2 | — | $273,153 | $113,191 |
Under IRS private-foundation payout rules, Walter N and Phyllis a Anderson reported a distributable amount of $138K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Walter N and Phyllis a Anderson's only listed officer is Security Bank AND Trust CO, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
Security Bank AND Trust CO
Trustee
On filings since 2019
1 hr/week
$21K (2019) → $25K (2025)
Data from IRS Form 990 filings, 2019–2025. "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 $25K, to Security Bank and Trust CO (Trustee).
Frequently asked questions about Walter N and Phyllis a Anderson
How much does Walter N and Phyllis a Anderson give each year?
Walter N and Phyllis a Anderson gave $140K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $130K across 2 grants.
How large is Walter N and Phyllis a Anderson?
Walter N and Phyllis a Anderson reported $1.7M in total assets on its 2025 IRS Form 990-PF. It paid out $142K in qualifying distributions that year, against a required minimum of $138K (roughly 5% of its investment assets).
Where does Walter N and Phyllis a Anderson operate?
Walter N and Phyllis a Anderson has awarded grants in Minnesota.
What is Walter N and Phyllis a Anderson's EIN?
Walter N and Phyllis a Anderson's EIN (Employer Identification Number) is 47-6511350. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 27, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Walter N and Phyllis a Anderson funds
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