Private Foundation

Fred C and Katherine B Andersen Foundation

Fred C and Katherine B Andersen Foundation is a Private Foundation headquartered in Bayport, MN. Financial data from the 2025 filing: $80.7M revenue, $76.1M expenses, $1.7B total assets. IRS filings disclose 1,328 grants awarded by this foundation, totaling roughly $279.9M.

EIN: 416020920 Bayport, MN Latest filing: 2025
Total Revenue$80.7M
Total Expenses$76.1M
Total Assets$1.7B
Grants Given1,328
Grant Total$279.9M
Filing Years2020–2025

Sample Grants Given

Northern Star Council Boy Scouts of America
Fort Snelling, MN · 2025
GENERAL OPERATING
$7,710,000
Mayo Clinic
Rochester, MN · 2025
CAPITAL SUPPORT
$6,000,000
St Croix Valley Food Bank
Hudson, WI · 2025
CAPITAL CAMPAIGN
$4,525,000
St Croix Valley Foundation
Hudson, WI · 2025
PROGRAM OR PROJECT
$4,131,500
Osceola Medical Center
Osceola, WI · 2025
GENERAL OPERATING
$3,600,000

Showing up to 5 of 1,328 total records — full history available with membership.

Officers & Directors

DIRECTOR David M Erspamer
VP/TREASURER (TERM 5/2022) Gregory L Benson
DIRECTOR John D Piepel
VP/TREASURER Keith Olson
VP/SECRETARY Mary Gillstrom
PRESIDENT Peter Clements

Officer compensation and complete director data available with membership.

Top Grant Purposes

GENERAL SUPPORT
$94,547,120 484 grants
GENERAL OPERATING
$69,414,347 404 grants
PROGRAM OR PROJECT
$28,357,590 127 grants
Capital Campaign
$21,471,000 32 grants
General Operating
$18,494,967 184 grants

Financial Trends

Year Revenue Expenses Assets
2025 $80.7M $76.1M $1.7B
2024 $71.2M $62.3M $1.7B
2023 $54.4M $54.3M $1.5B
2022 $55.3M $57.0M $1.1B
2020 $35.6M $41.3M $1.0B

Between 2020 and 2025, reported annual revenue grew from $35.6M to $80.7M (+127%), with total assets most recently reported at $1.7B.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in AZ, CA, CO, DC, FL, GA, and 4 other states.

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Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for Fred C and Katherine B Andersen Foundation

Complete financials, all 1,328 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 498,000+ organizations.

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