EIN 41-1468021

Sit Investment Associates Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1984
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Sit Investment Associates Foundation, a Minneapolis-based corporate foundation, primarily funds operating expenses and made 119 grants last year, including to V3 Sports.
Total revenues
$2,237,900
2023
Total expenses
$2,754,327
2023
Total assets
$41,112,394
2023
Num. employees
0
2023

Grants made by Sit Investment Associates Foundation

GranteeGrant descriptionAmount
V3 SportsOperating$500,000
Federated Insurance FoundationOperating$150,000
University of Minnesota Foundation (UMF)Operating$150,000
...and 70 more grants made totalling $2,023,500

Personnel at Sit Investment Associates Foundation

NameTitleCompensation
Paul RasmussenSecretary$0

Financials for Sit Investment Associates Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$464,512
Investment income and dividends$321,668
Net rental income$0
Net gain from sale of non-inventory assets$1,451,720
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,237,900

Form 990s for Sit Investment Associates Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990PFView PDF
2021-122022-11-14990PFView PDF
2020-122021-11-12990PFView PDF
2019-122021-05-03990PFView PDF
2018-122019-12-19990PFView PDF
...and 7 more Form 990s

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Designetics Cares FoundationHolland, OH$608,131
Gay and Erskine Love FoundationAtlanta, GA$1,500,000
Terence and Jennifer Adderley FoundationDetroit, MI$7,319,864
Crofton CaresMayfield HTS, OH$1,216,118
Mar FoundationNew York, NY$659,208
Cianbro Charitable FoundationPittsfield, ME$1,254,900
Data update history
January 21, 2024
Posted financials
Added Form 990PF for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 30, 2023
Posted financials
Added Form 990PF for fiscal year 2020
June 6, 2023
Updated personnel
Identified 3 new personnel
August 18, 2021
Posted financials
Added Form 990PF for fiscal year 2019
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsFamily foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedTax deductible donationsNo full-time employees
General information
Address
3300 Ids Ctr 80 S 8th Stree
Minneapolis, MN 55402
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
Phone
(612) 332-3223
IRS details
EIN
41-1468021
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1984
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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