Walter N and Phyllis a Anderson

Private foundation · Grantmaker Glencoe, MN EIN: 47-6511350

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.

Key facts about Walter N and Phyllis a Anderson

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.

EIN
47-6511350
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$140,179
Grants made (2025)
2
Average grant
$70,090
Median grant
$70,090
Total assets
$1,731,727
Primary geography
Minnesota (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.7M

-2.6% YoY

Annual Giving

$140K

+7.9% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$70K

+7.9% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 2 itemized grants.

States

Cities

Grand Marais

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K2 grants2019 2 grants2020 2 grants2021 2 grants2022 2 grants2023 2 grants2024 2 grants2025

From 2019 to 2025, annual grant giving ranged from $100K (2020) to $148K (2022). In 2025 it made 2 grants totaling $140K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Vital North Foundation Formally Known as North Shore Health Care Foundation: $70KVital North FoundationFormally Known as North Shore…$70KNorth House Folk School: $70KNorth House Folk School$70K

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

<$50K10$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $50–100K range: 10 grants of 10 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Vital North Foundation Formally Known as North Shore Health Care Foundation Grand Marais, MNUnrestricted General Support$70,090
North House Folk School Grand Marais, MNUnrestricted General Support$70,089

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,731,727$1,778,196$1,728,580
Revenue$124,036$206,182$131,487
Expenses$170,505$156,566$143,465
Qualifying Distributions$142,089$131,795$121,481
Net Investment Income$101,579$184,361$111,651
Distributable Amount$137,903$130,617$118,487

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS April 27, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
  3. IRS filings on file for fiscal years 2020–2024

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

Security Bank and Trust CO — Trustee: $25KSecurity Bank and Trust…Trustee$25K

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.

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