FRED C AND KATHERINE B ANDERSEN FOUNDATION
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Cite this
Plain text FRED C AND KATHERINE B ANDERSEN FOUNDATION. furp.org, nonprofit organization profile, tax years 2020–2025. https://furp.org/org/fred-c-and-katherine-b-andersen-foundation-416020920. Retrieved 2026-11-04.
APA furp.org. (n.d.). FRED C AND KATHERINE B ANDERSEN FOUNDATION [Nonprofit organization profile; tax years 2020–2025]. Retrieved November 4, 2026, from https://furp.org/org/fred-c-and-katherine-b-andersen-foundation-416020920
MLA “FRED C AND KATHERINE B ANDERSEN FOUNDATION.” furp.org, tax years 2020–2025, https://furp.org/org/fred-c-and-katherine-b-andersen-foundation-416020920. Accessed 4 Nov. 2026.
Retrieved 2026-11-04; covers tax years 2020–2025. Data: furp.org, CC BY 4.0.
2025 · Form 990PF · revenue $80.7M · expenses $76.1M · assets $1.72B
- EIN
- 41-6020920
- Address
- PO BOX 80, BAYPORT, MN 55003-0080
- Website
- fkandersen.org
- NTEE code
- -
- Exempt type
- 501(c)(3): charitable, religious, educational, scientific or literary (corporation)
- Ruling date
- March 1961 (when the IRS recognized its exemption)
- IRS status
- Exempt (unconditional) (IRS Business Master File) IRS data ↗
- Tax-deductible donations
- Yes: listed in IRS Publication 78 (private foundation) Pub 78 ↗
- Foundation status
- Private non-operating foundation
- Cross-check
- ProPublica Nonprofit Explorer
Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).
People paid by the organization
5 people paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.
| Name | Latest title | Years | Latest year pay | Total pay from here | Organizations |
|---|---|---|---|---|---|
| Kim Borton | President | 2024-2025 | $363,577 | $548,798 | 1 |
| Jess Laumeyer | Director of Admin | 2025 | $125,500 | $125,500 | 1 |
| Alyson Sauter | Program Officer | 2025 | $76,270 | $76,270 | 1 |
| Mary Gillstrom (former) | VP and Secretary | 2020-2023 | $97,294 | $340,276 | 1 |
| Mary Gilstrom (former) | SECRETARY (END 7/2024) | 2024 | $62,260 | $62,260 | 1 |
Officers and directors, no compensation reported
12 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.
| Name | Latest title | Years | Hrs/wk (latest) | Compensation | Organizations |
|---|---|---|---|---|---|
| Peter Clements | BOARD CHAIR | 2020-2025 | 1 | $0 reported | 1 |
| Vern J Hill | DIRECTOR | 2020-2025 | 1 | $0 reported | 1 |
| Tracey Galowitz | SECRETARY | 2024-2025 | 1 | $0 reported | 1 |
| Keith Olson | Vice Chair | 2021-2025 | 1 | $0 reported | 1 |
| Jack D PIEPEL | (Term 11/2025) DIRECTOR | 2025 | 1 | $0 reported | 1 |
| Jay Lund | (BEG 5/2025) DIRECTOR | 2025 | 1 | $0 reported | 1 |
| Jennifer Anderson | (BEG 5/2025) DIRECTOR | 2025 | 1 | $0 reported | 1 |
| John D Piepel (former) | DIRECTOR | 2020-2024 | 1 | $0 reported | 1 |
| David M Erspamer (former) | DIRECTOR (end 12/2024) | 2020-2024 | 1 | $0 reported | 1 |
| Tracy Galowitz (former) | DIRECTOR | 2021-2023 | 1 | $0 reported | 1 |
| Gregory L Benson (former) | VP/TREASURER (TERM 5/2022) | 2020-2022 | 1 | $0 reported | 1 |
| Jerold W Wulf (former) | PRESIDENT TERM END 2/2021 | 2020-2021 | 1 | $0 reported | 1 |
People by year
2025 · 10 people listed · 3 paid, $565K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Kim Borton | President | 40 | $322,135 | - | $41,442 | $363,577 | 1 |
| Jess Laumeyer | Director of Admin | 40 | $116,654 | - | $8,846 | $125,500 | 1 |
| Alyson Sauter | Program Officer | 40 | $70,789 | - | $5,481 | $76,270 | 1 |
| Jack D PIEPEL | (Term 11/2025) DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| KEITH OLSON | Vice Chair | 1 | $0 | - | $0 | $0 | 1 |
| PETER CLEMENTS | BOARD CHAIR | 1 | $0 | - | $0 | $0 | 1 |
| TRACEY GALOWITZ | SECRETARY | 1 | $0 | - | $0 | $0 | 1 |
| VERN J HILL | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| Jay Lund | (BEG 5/2025) DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| Jennifer Anderson | (BEG 5/2025) DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
2024 · 8 people listed · 2 paid, $247K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Kim Borton | President | 40 | $185,221 | - | $0 | $185,221 | 1 |
| MARY GILSTROM | SECRETARY (END 7/2024) | 40 | $62,260 | - | $0 | $62,260 | 1 |
| JOHN D PIEPEL | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| PETER CLEMENTS | BOARD CHAIR | 1 | $0 | - | $0 | $0 | 1 |
| DAVID M ERSPAMER | DIRECTOR (end 12/2024) | 1 | $0 | - | $0 | $0 | 1 |
| VERN J HILL | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| TRACEY GALOWITZ | SECRETARY (beg 8/2024) | 1 | $0 | - | $0 | $0 | 1 |
| KEITH OLSON | Vice Chair | 1 | $0 | - | $0 | $0 | 1 |
2023 · 7 people listed · 1 paid, $97K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| MARY GILLSTROM | VP and Secretary | 40 | $97,294 | - | $0 | $97,294 | 1 |
| JOHN D PIEPEL | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| PETER CLEMENTS | PRESIDENT | 1 | $0 | - | $0 | $0 | 1 |
| DAVID M ERSPAMER | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| VERN J HILL | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| TRACY GALOWITZ | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| KEITH OLSON | VP and Treasurer | 1 | $0 | - | $0 | $0 | 1 |
2022 · 8 people listed · 1 paid, $86K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| MARY GILLSTROM | VP/SECRETARY | 40 | $86,365 | - | $0 | $86,365 | 1 |
| JOHN D PIEPEL | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| PETER CLEMENTS | PRESIDENT | 1 | $0 | - | $0 | $0 | 1 |
| DAVID M ERSPAMER | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| VERN J HILL | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| TRACY GALOWITZ | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| KEITH OLSON | VP/TREASURER | 1 | $0 | - | $0 | $0 | 1 |
| GREGORY L BENSON | VP/TREASURER (TERM 5/2022) | 1 | $0 | - | $0 | $0 | 1 |
2021 · 9 people listed · 1 paid, $83K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| MARY GILLSTROM | VP/SECRETARY | 40 | $82,577 | - | $0 | $82,577 | 1 |
| GREGORY L BENSON | VP/TREASURER | 1 | $0 | - | $0 | $0 | 1 |
| JEROLD W WULF | PRESIDENT TERM END 2/2021 | 1 | $0 | - | $0 | $0 | 1 |
| JOHN D PIEPEL | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| PETER CLEMENTS | PRESIDENT | 1 | $0 | - | $0 | $0 | 1 |
| DAVID M ERSPAMER | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| VERN J HILL | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| TRACY GALOWITZ | DIRECTOR TERM BEG 11/2021 | 1 | $0 | - | $0 | $0 | 1 |
| KEITH OLSON | VP/TREASURER TERM BEG 11/2021 | 1 | $0 | - | $0 | $0 | 1 |
2020 · 7 people listed · 1 paid, $74K
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| MARY GILLSTROM | VP/SECRETARY/DIRECTOR | 40 | $74,040 | - | $0 | $74,040 | 1 |
| GREGORY L BENSON | VP/TREASURER | 1 | $0 | - | $0 | $0 | 1 |
| JEROLD W WULF | PRESIDENT | 1 | $0 | - | $0 | $0 | 1 |
| JOHN D PIEPEL | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| PETER CLEMENTS | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| DAVID M ERSPAMER | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
| VERN J HILL | DIRECTOR | 1 | $0 | - | $0 | $0 | 1 |
Highest-paid independent contractors
2025 · 5 contractors · $1.1M
| Name | Location | Service | Paid |
|---|---|---|---|
| THE CHARLES SCHWAB CORPORATION | MINNETONKA, MN | INVESTMENT MANAGEMENT SERVICES | $327,523 |
| FIRST STATE BANK OF BAYPORT | BAYPORT, MN | INVESTMENT MANAGEMENT SERVICES | $299,936 |
| FIDELITY INVESTMENTS | MINNETONKA, MN | INVESTMENT MANAGEMENT SERVICES | $211,282 |
| Ernst and Young US LLP | NewYork, NY | Audit and TAX SERVICES | $129,982 |
| JMAdams Advisors | Brooklyn Center, MN | Financial Consulting Services | $115,935 |
2024 · 5 contractors · $939K
| Name | Location | Service | Paid |
|---|---|---|---|
| FIDELITY INVESTMENTS | MINNETONKA, MN | INVESTMENT MANAGEMENT SERVICES | $311,337 |
| THE CHARLES SCHWAB CORPORATION | MINNETONKA, MN | INVESTMENT MANAGEMENT SERVICES | $250,975 |
| FIRST STATE BANK OF BAYPORT | BAYPORT, MN | INVESTMENT MANAGEMENT SERVICES | $202,411 |
| COHEN TAYLOR | MINNETONKA, MN | EXECUTIVE SEARCH | $91,150 |
| St Croix Valley Foundation | Hudson, WI | GRANTMAKING SERVICES | $83,486 |
2023 · 5 contractors · $774K
| Name | Location | Service | Paid |
|---|---|---|---|
| THE CHARLES SCHWAB CORPORATION | MINNETONKA, MN | Investment Management Services | $278,357 |
| FIDELITY INVESTMENTS | MINNETONKA, MN | Investment Management Services | $176,459 |
| FIRST STATE BANK OF BAYPORT | BAYPORT, MN | Investment Management Services | $165,386 |
| St Croix Valley Foundation | Hudson, WI | grants management | $79,684 |
| Ernst & Young LLP | Minneapolis, MN | Audit and tax services | $74,580 |
2022 · 3 contractors · $692K
| Name | Location | Service | Paid |
|---|---|---|---|
| FIRST STATE BANK OF BAYPORT | BAYPORT, MN | INVESTMENT MGT SVCS | $283,279 |
| THE CHARLES SCHWAB CORPORATION | MINNETONKA, MN | INVESTMENT MGT SVCS | $274,819 |
| FIDELITY INVESTMENTS | MINNETONKA, MN | INVESTMENT MGT SVCS | $133,988 |
2021 · 3 contractors · $829K
| Name | Location | Service | Paid |
|---|---|---|---|
| THE CHARLES SCHWAB CORPORATION | MINNETONKA, MN | INVESTMENT MGT SVCS | $311,828 |
| FIRST STATE BANK OF BAYPORT | BAYPORT, MN | INVESTMENT MGT SVCS | $301,919 |
| THE PRIVATE TRUST COMPANY NA | CLEVELAND, OH | INVESTMENT MGT SVCS | $215,697 |
2020 · 3 contractors · $763K
| Name | Location | Service | Paid |
|---|---|---|---|
| FIRST STATE BANK OF BAYPORT | BAYPORT, MN | INVESTMENT MGT SVCS | $289,068 |
| THE CHARLES SCHWAB CORPORATION | MINNETONKA, MN | INVESTMENT MGT SVCS | $280,236 |
| THE PRIVATE TRUST COMPANY NA | CLEVELAND, OH | INVESTMENT MGT SVCS | $193,229 |
Who the money went to
Grants this organization reported paying: Schedule I Part II of the Form 990, or the grants-paid list on the 990-PF. Open a year for every recipient. Recipients link to their own page when the grant names an EIN we have (990-PF grants list no EIN, so those link only on an exact, unique name and state). Grants to individuals are counted; their names are not shown.
2025 · 290 grants to organizations · $72.5M
2024 · 271 grants to organizations · $59.8M
2023 · 282 grants to organizations · $52.4M
2022 · 213 grants to organizations · $55.0M
2021 · 253 grants to organizations · $44.1M
2020 · 272 grants to organizations · $40.2M
Negative amounts are returned or refunded grants; they are listed last and left out of the totals of grants paid.
Who gave
No contributors are listed on Schedule B in the e-filed returns we have for this organization.
Finances
Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.
| Revenue | Expenses | Assets | Net assets | Contributions | Program revenue | Officer pay | Employees | Volunteers |
|---|---|---|---|---|---|---|---|---|
| 2025 · Form 990PF | ||||||||
| $80,720,890 | $76,054,378 | $1,716,504,347 | $1,716,504,347 | $0 | - | $322,135 | - | - |
| 2024 · Form 990PF | ||||||||
| $71,234,857 | $62,298,755 | $1,673,338,615 | $1,673,338,615 | $0 | - | $247,480 | - | - |
| 2023 · Form 990PF | ||||||||
| $54,405,407 | $54,327,950 | $1,470,022,817 | $1,470,022,817 | $0 | - | $97,294 | - | - |
| 2022 · Form 990PF | ||||||||
| $55,268,450 | $56,973,503 | $1,056,320,671 | $1,056,320,671 | - | - | $86,365 | - | - |
| 2021 · Form 990PF | ||||||||
| $63,445,932 | $46,545,545 | $1,210,701,778 | $1,210,701,778 | - | - | $82,577 | - | - |
| 2020 · Form 990PF | ||||||||
| $35,572,266 | $41,335,249 | $1,036,739,177 | $1,036,739,177 | - | - | $74,040 | - | - |
Funders of this organization
Not reported: no grants to this organization appear in the filings we have (tax years 2010 to 2025).
Nearby + Similar BETA
Organizations like this one: what they do and who they are linked to
Same category: NTEE code and revenue
Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. Same state only
| Organization | State | NTEE | Latest revenue | Latest expenses | Top-paid title | Top pay | Why similar |
|---|---|---|---|---|---|---|---|
| BEN AND CATHERINE IVY FOUNDATION | AZ | T20 | $34,204,116 | $18,444,963 | President | $472,314 | Similar name, revenue within 5x |
| BEN AND CATHERINE IVY FOUNDATION | AZ | Not reported | $12,975,372 | $9,246,903 | President | $313,266 | Similar name, revenue within 10x |
| KATHERINE U SANDERS FOUNDATION | TX | T20 | $39,752 | $29,500 | President | $0 | Similar name, revenue differs more than 10x |
| JEFF B AND KATHERINE B LOVE FOUNDATION | TX | Not reported | $28,040 | $179,564 | PRESIDENT | $0 | Similar name, revenue differs more than 10x |
| JOSEPH R AND KATHERINE F ANDERSON FOUNDATION | CA | T20 | $280,661 | $369,883 | EXECUTIVE DIRECTOR | $0 | Similar name, revenue differs more than 10x |
| CHRIS AND KATHERINE BOULOS FOUNDATION | IN | Not reported | $98,115 | $110,169 | TRUSTEE | $20,750 | Similar name, revenue differs more than 10x |
| JAMES AND KATHERINE CLARK FOUNDATION | WA | T20 | $93,643 | $58,642 | PRESIDENT | $0 | Similar name, revenue differs more than 10x |
| Joseph C And Katherine A Drew Foundation | CA | Not reported | $1 | $17,386 | SECRETARY | $0 | Similar name, revenue differs more than 10x |
| THE KATHERINE AND THOMAS BELK FOUNDATION | NC | Not reported | $1,305,276 | $3,473,471 | VICE PRESIDENT/DIRECTOR | $0 | Similar name, revenue differs more than 10x |
| DUSTY AND KATHERINE LOO FOUNDATION | CO | T30 | $996,345 | $985,475 | Director | $0 | Similar name, revenue differs more than 10x |
| KATHERINE AND LEE CHILCOTE FOUNDATION | OH | T20 | $102,300 | $221,321 | TRUSTEE | $0 | Similar name, revenue differs more than 10x |
| DONALD P AND KATHERINE B LOKER FOUNDATION | CA | Not reported | $1,549,105 | $411,398 | CO-TRUSTEE | $0 | Similar name, revenue differs more than 10x |
| HOWARD AND KATHERINE HOENK FOUNDATION | IA | Not reported | $493,734 | $493,204 | Chairman | $0 | Similar name, revenue differs more than 10x |
| ST KATHERINE FOUNDATION | CA | X12 | $407,204 | $118,966 | Treasurer | $0 | Similar name, revenue differs more than 10x |
| KATHERINE AND JOHN BLECKMAN FOUNDATION | NY | T20 | $254,710 | $105,112 | PRESIDENT | $0 | Similar name, revenue differs more than 10x |
| W KEITH AND KATHERINE W SMITH FOUNDATION | PA | T22 | $113,325 | $117,515 | TRUSTEE | $0 | Similar name, revenue differs more than 10x |
Who funds organizations like this
Not reported: none of these organizations has foundation or DAF-sponsor grants in the filings we have.
The full list · all similar organizations
Where the money went
Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.
2025 · Form 990PF · $76,054,378 spent · pay $613,569 · grants $72,515,525 · events $5,045
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $72,515,525 | 95.3% | |
| Fees: other professional | $1,284,876 | 1.7% | |
| Taxes | $1,155,000 | 1.5% | |
| Pay: officers, directors, trustees | $322,135 | 0.4% | |
| Other expenses | $254,196 | 0.3% | |
| Other salaries and wages | $233,686 | 0.3% | |
| Fees: accounting | $129,982 | 0.2% | |
| Fees: legal | $96,185 | 0.1% | |
| Pension plans and employee benefits | $57,748 | 0.1% | |
| Travel, conferences and meetings | $5,045 | 0.0% | |
| Total | $76,054,378 | 100% |
2024 · Form 990PF · $62,298,755 spent · pay $297,666 · grants $59,767,042 · events $9,970
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $59,767,042 | 95.9% | |
| Fees: other professional | $1,103,031 | 1.8% | |
| Taxes | $950,000 | 1.5% | |
| Pay: officers, directors, trustees | $247,480 | 0.4% | |
| Fees: legal | $63,355 | 0.1% | |
| Fees: accounting | $57,070 | 0.1% | |
| Other expenses | $50,621 | 0.1% | |
| Other salaries and wages | $43,852 | 0.1% | |
| Travel, conferences and meetings | $9,970 | 0.0% | |
| Pension plans and employee benefits | $6,334 | 0.0% | |
| Total | $62,298,755 | 100% |
2023 · Form 990PF · $54,327,950 spent · pay $104,232 · grants $52,499,288 · events $625
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $52,499,288 | 96.6% | |
| Taxes | $796,645 | 1.5% | |
| Fees: other professional | $772,554 | 1.4% | |
| Pay: officers, directors, trustees | $97,294 | 0.2% | |
| Fees: accounting | $74,580 | 0.1% | |
| Other expenses | $47,686 | 0.1% | |
| Fees: legal | $32,340 | 0.1% | |
| Pension plans and employee benefits | $6,938 | 0.0% | |
| Travel, conferences and meetings | $625 | 0.0% | |
| Total | $54,327,950 | 100% |
2022 · Form 990PF · $56,973,503 spent · pay $98,059 · grants $55,018,510 · events $758
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $55,018,510 | 96.6% | |
| Taxes | $898,537 | 1.6% | |
| Fees: other professional | $768,536 | 1.3% | |
| Fees: accounting | $98,308 | 0.2% | |
| Pay: officers, directors, trustees | $86,365 | 0.2% | |
| Other expenses | $49,543 | 0.1% | |
| Fees: legal | $41,252 | 0.1% | |
| Pension plans and employee benefits | $11,694 | 0.0% | |
| Travel, conferences and meetings | $758 | 0.0% | |
| Total | $56,973,503 | 100% |
2021 · Form 990PF · $46,545,545 spent · pay $88,809 · grants $44,106,147 · events $288
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $44,106,147 | 94.8% | |
| Taxes | $1,030,000 | 2.2% | |
| Fees: other professional | $865,444 | 1.9% | |
| Other expenses | $343,917 | 0.7% | |
| Pay: officers, directors, trustees | $82,577 | 0.2% | |
| Fees: accounting | $63,033 | 0.1% | |
| Fees: legal | $47,907 | 0.1% | |
| Pension plans and employee benefits | $6,232 | 0.0% | |
| Travel, conferences and meetings | $288 | 0.0% | |
| Total | $46,545,545 | 100% |
2020 · Form 990PF · $41,335,249 spent · pay $74,040 · grants $40,228,610 · events $0
| Line | As described | Total | Share |
|---|---|---|---|
| Contributions, gifts, grants paid | $40,228,610 | 97.3% | |
| Fees: other professional | $798,533 | 1.9% | |
| Taxes | $152,267 | 0.4% | |
| Pay: officers, directors, trustees | $74,040 | 0.2% | |
| Other expenses | $30,151 | 0.1% | |
| Fees: accounting | $29,056 | 0.1% | |
| Fees: legal | $22,592 | 0.1% | |
| Total | $41,335,249 | 100% |
State business registration
- Fred C. and Katherine B. Andersen Foundation MN, Nonprofit corporation (domestic), Active, formed 1959-11-25
The same business name in the same state, from the state’s official registry data.
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