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    5. Walter C Rasmussen - Northeast Bank Foundation
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    Walter C Rasmussen - Northeast Bank Foundation

    ActivoMutual & Membership BenefitFinancia Individuos
    MINNEAPOLIS, MNSitio web6123623219

    About Walter C Rasmussen - Northeast Bank Foundation

    The Walter C Rasmussen - Northeast Bank Foundation concentrates philanthropic support on neighborhood-level community development and neighborhood-serving human services, providing mid-sized grants to organizations delivering direct services and neighborhood revitalization. Grants are often targeted and programmatic, with repeat support to a small set of community nonprofits rather than broad, one-off giving. The foundation appears to prioritize organizations working in underserved urban neighborhoods and supports both service delivery and local development initiatives.

    Focus Areas

    Neighborhood community development and revitalization in urban areas (e.g., East Side, Camden)Neighborhood-based social services and community centersYouth and workforce development programs run by local nonprofitsImmigrant and low-income family support services

    Who They Fund

    residents of low-income or distressed neighborhoodsrenters and low-to-moderate income households seeking affordable housinglocal small businesses and entrepreneurs in underserved communities

    About Walter C Rasmussen - Northeast Bank Foundation

    Walter C Rasmussen - Northeast Bank Foundation’s giving is defined by repeated, programmatic support for neighborhood-serving organizations in Minneapolis and nearby communities. The largest recent grant in the record went to East Side Neighborhood Services for community development, and that same neighborhood focus appears throughout the grant list. The foundation also made a sizable award to The Beta Group for general support, alongside support for Saca, The Camden Promise, and other local nonprofits working in community development, stabilization, housing, and human services. Its recent awards show a pattern of funding organizations that serve residents in distressed or changing neighborhoods, especially through direct services and local revitalization. Grants also reach community institutions that anchor daily life, including schools, health-related nonprofits, and housing-focused organizations. My Very Own Bed, Friends of Ramsey Library, and The Dwelling Place illustrate how the foundation’s support extends beyond one service line and into practical supports for families, libraries, and affordable housing. The foundation’s active grant program also names education, housing, culture, environment, and health as supported areas, with emphasis on strengthening communities in Hennepin, Ramsey, and Anoka counties.

    What Walter C Rasmussen - Northeast Bank Foundation Funds

    Neighborhood community development is a central thread in the foundation’s recent grants. East Side Neighborhood Services received $56,000 in 2025 for community development, and The Camden Promise received $27,500 for the same purpose. Saca also appears multiple times for revitalization and stabilization work, including $24,500 in 2023, $10,500 in 2025, and $7,500 in 2024. Housing is another recurring area. The Dwelling Place received $6,500 in 2024 and $6,500 in 2025 for affordable housing, while Catholic Eldercare received $5,000 in 2023 for affordable housing. Health and family support also show up in the grant list: Allina Health Foundation received $25,000 in 2025 for community development, and Minnesota Medical Foundation received $5,000 in 2024 for general support. Education-linked support appears through Isd #13, which received $8,536 in 2025, $8,536 in 2023, and $8,535 in 2024 for community development.

    How Walter C Rasmussen - Northeast Bank Foundation Gives

    Financial Snapshot

    Annual Giving

    $408K

    Total Assets

    $88K

    Total Revenue

    $492K

    Total Expenses

    $411K

    Typical Grant Size

    Most grants fall between $500 and $2K, with a median of $1K.

    25th Percentile

    $500

    Median

    $1K

    75th Percentile

    $2K

    Geographic Reach

    Local2 states funded
    Intensidad de financiamiento
    Baja
    Alta
    Sede

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    Política de privacidadTérminos de servicioEstado del sistema
    EIN (identificación fiscal): 41-6373302Último Formulario 990: 2025Activos totales: 88 mil US$3 declaraciones registradasEncuentra su declaración 990 completa →
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    community-based nonprofits serving neighborhood development

    Giving Approach

    Concentrated giving: a small number of mid-size grants, recurring support to repeat grantees (e.g., two grants to The Beta Group), and emphasis on program/community development rather than many small awards.

    Funding Style

    general/unrestricted operating supportcommunity-level revitalization/stabilizationaffordable housing development/supporteconomic development supportplace-based community development

    Notable grantees: THE BETA GROUP, EAST SIDE NEIGHBORHOOD SERVICES, THE CAMDEN PROMISE, SACA

    Topics

    affordable housing production and preservationneighborhood revitalization and stabilizationlocal economic development and workforce/economic opportunitygeneral community development capacity and operating supportsupport for housing- and community-focused nonprofits

    Typical grant size is small to modest, with a p25 of $500, a median of $1,000, and a p75 of $2,000. The recent-grants list also shows that the foundation makes both larger strategic awards and many smaller repeat grants, including multiple awards to the same organizations across 2023, 2024, and 2025. That suggests recurring relationships rather than one-off gifts. The foundation is a private grantmaker with annual grants far above its reported assets, and it funds individuals as well as nonprofits. Its active grant program accepts unsolicited applications. Recent awards are mostly programmatic or general support rather than restricted project-only grants.

    Where Walter C Rasmussen - Northeast Bank Foundation Makes Grants

    Grantmaking is overwhelmingly concentrated in Minnesota: 99% of grants go to recipients in the foundation’s headquarters state, and the top giving state is also MN. Recent recipient locations cluster in Minneapolis, Columbia Heights, Fridley, and Shoreview. The heaviest city concentration is Minneapolis, with additional activity in nearby Ramsey-area and north-metro communities, matching the foundation’s local scope and county emphasis on Hennepin, Ramsey, and Anoka.

    Frequently Asked Questions About Walter C Rasmussen - Northeast Bank Foundation

    What kinds of organizations does Walter C Rasmussen - Northeast Bank Foundation support?

    The foundation supports nonprofit organizations working in education, housing, culture, environment, and health, with a strong emphasis on community-strengthening work in Hennepin, Ramsey, and Anoka counties. Recent grants also show support for community development, neighborhood revitalization, and local human services.

    Does Walter C Rasmussen - Northeast Bank Foundation accept unsolicited applications?

    Yes. The active Rasmussen Family - Northeast Bank Foundation Grants program accepts unsolicited applications and provides annual charitable grants to nonprofit organizations.

    What is the typical grant size?

    Typical grants are small to modest: p25 is $500, median grant size is $1,000, and p75 is $2,000. The recent-grants list also includes larger awards, but the central tendency is concentrated at lower amounts.

    Where does the foundation give most often?

    The foundation gives almost entirely in Minnesota. The top state by grant count is MN, and 99% of grants in the dataset go to recipients in the HQ state.

    Does the foundation support the same grantees more than once?

    Yes. Several recipients appear in multiple years, including The Beta Group, Saca, Lee Carlson Center, Friends of Ramsey Library (nb), Isd #13, The Dwelling Place, and East Side Neighborhood Services. That pattern points to recurring support rather than isolated gifts.

    Latest 990 Filing

    2025

    Source: IRS Form 990-PF, fiscal year 2025.

    Oportunidades de Subvenciones Abiertas

    Financiamiento actual y próximo de Walter C Rasmussen - Northeast Bank Foundation al que tu organización sin fines de lucro podría postularse.

    Abierta ahoraCierra el 15 sept 2026

    Rasmussen Family - Northeast Bank Foundation Grants

    educationhousingculture+7 más

    ¿Quién puede postularse? Requests should benefit education, housing, culture, environmental, or health concerns; serve housing needs for children, families, and economically disadvantaged people; encourage youth development; promote cost-effective health care programs; and focus on community needs, especially within Hennepin, Ramsey, and Anoka counties.

    Fecha límite: Requests should be mailed by September 15; reviewed annually.

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    Recent Grants

    Most recent grants reported to the IRS.

    RecipientLocationAmountYearPurpose
    EAST SIDE NEIGHBORHOOD SERVICESMINNEAPOLIS, MN$56,0002025COMMUNITY DEVELOPMENT
    THE BETA GROUPMINNEAPOLIS, MN$45,0002025GENERAL SUPPORT
    SACACOLUMBIA HEIGHTS, MN$29,0002025GENERAL SUPPORT
    THE CAMDEN PROMISEMINNEAPOLIS, MN$27,5002025COMMUNITY DEVELOPMENT
    ALLINA HEALTH FOUNDATIONMINNEAPOLIS, MN$25,0002025COMMUNITY DEVELOPMENT
    LEE CARLSON CENTERFRIDLEY, MN$24,0002025GENERAL SUPPORT
    MY VERY OWN BEDMINNEAPOLIS, MN$13,0002025COMMUNITY DEVELOPMENT
    SACACOLUMBIA HEIGHTS, MN$10,5002025REVITALIZE/STABILIZE
    FRIENDS OF RAMSEY LIBRARY (NB)SHOREVIEW, MN$10,0002025COMMUNITY DEVELOPMENT
    ISD #13COLUMBIA HEIGHTS, MN$8,5362025COMMUNITY DEVELOPMENT
    THE DWELLING PLACECOLUMBIA HEIGHTS, MN$6,5002025AFFORABLE HOUSING
    METROPOLITAN ECONOMIC DEVELOPMENT ASSOCMINNEAPOLIS, MN$5,0002025ECONOMIC DEVELOPMENT
    CATHOLIC ELDERCAREMINNEAPOLIS, MN$5,0002025AFFORDABLE HOUSING
    WOMEN VENTUREMINNEAPOLIS, MN$5,0002025COMMUNITY DEVELOPMENT
    DOUGHERTY FAMILY COLLEGEWAYZATA, MN$5,0002025GENERAL SUPPORT
    MINNESOTA MEDICAL FOUNDATIONMINNEAPOLIS, MN$5,0002025GENERAL SUPPORT
    HOSPITALITY HOUSE YOUTH DEVELOPMENTMINNEAPOLIS, MN$4,0002025COMMUNITY DEVELOPMENT
    DELASALLE HIGH SCHOOLMINNEAPOLIS, MN$4,0002025GENERAL SUPPORT
    UNITED WAYMINNEAPOLIS, MN$4,0002025COMMUNITY DEVELOPMENT
    GREATER METROPOLITAN HOUSING CORPORATIONMINNEAPOLIS, MN$3,5002025AFFORDABLE HOUSING
    NEIGHBORHOOD HEALTH SOURCEMINNEAPOLIS, MN$3,0002025REVITALIZE/STABILIZE
    RISEMINNEAPOLIS, MN$3,0002025COMMUNITY DEVELOPMENT
    DEMOMINNEAPOLIS, MN$3,0002025GENERAL SUPPORT
    WISHES & MOREMINNEAPOLIS, MN$2,7002025GENERAL SUPPORT
    ACCAPBLAINE, MN$2,5002025AFFORABLE HOUSING
    CHILDRENS DENTAL SERVICESMINNEAPOLIS, MN$2,5002025COMMUNITY DEVELOPMENT
    IMMACULATE CONCEPTION CATHOLIC CHURCHMINNEAPOLIS, MN$2,2502025GENERAL SUPPORT
    NORTHSIDE ECONOMIC OPPORTUNITY NETWORK (NEON)MINNEAPOLIS, MN$2,0002025COMMUNITY DEVELOPMENT
    AMERICAN CRAFT COUNCILMINNEAPOLIS, MN$2,0002025GENERAL SUPPORT
    SCOREMINNEAPOLIS, MN$2,0002025REVITALIZE/STABILIZE
    MOUNDSVIEW EDUCATION FOUNDATION (NB)SHOREVIEW, MN$2,0002025GENERAL SUPPORT
    ANOKA HENNEPIN EDUCATION FOUNDATIONANDOVER, MN$2,0002025GENERAL SUPPORT
    URBAN HOMEWORKSMINNEAPOLIS, MN$2,0002025AFFORDABLE HOUSING
    SIMPSON HOUSINGMINNEAPOLIS, MN$2,0002025AFFORDABLE HOUSING
    ANOKA RAMSEY COMMUNITY COLLEGE FOUNDATIONCOON RAPIDS, MN$2,0002025GENERAL SUPPORT
    AEONMINNEAPOLIS, MN$2,0002025AFFORDABLE HOUSING
    CITY OF LAKES COMMUNITY LAND TRUSTMINNEAPOLIS, MN$2,0002025AFFORDABLE HOUSING
    ANOKA TECHNICAL COLLEGE FOUNDATIONANOKA, MN$2,0002025GENERAL SUPPORT
    FRESH ENERGYST PAUL, MN$2,0002025GENERAL SUPPORT
    IMPACT SERVICESFRIDLEY, MN$1,5002025REVITALIZE/STABALIZE LMI
    MINNESOTA YOUTH ATHLETIC SERVICESSPRING LAKE PARK, MN$1,5002025GENERAL SUPPORT
    CHURCH OF THE ASCENSIONMINNEAPOLIS, MN$1,5002025GENERAL SUPPORT
    CLARE HOUSINGMINNEAPOLIS, MN$1,5002025COMMUNITY DEVELOPMENT
    ALEXANDRA HOUSEBLAINE, MN$1,5002025GENERAL SUPPORT
    NEMAAMINNEAPOLIS, MN$1,5002025REVITALIZE/STABILIZE
    ACHIEVE SERVICESBLAINE, MN$1,5002025COMMUNITY DEVELOPMENT
    HAROLD MEZILE NORTH COMMUNITY YMCAMINNEAPOLIS, MN$1,5002025COMMUNITY DEVELOPMENT
    ALEXANDRA HOUSEBLAINE, MN$1,5002025COMMUNITY DEVELOPMENT
    MERJENT FOUNDATIONMINNEAPOLIS, MN$1,5002025GENERAL SUPPORT
    MARIA'S VOICECHASKA, MN$1,0002025GENERAL SUPPORT

    EAST SIDE NEIGHBORHOOD SERVICES

    $56,000
    MINNEAPOLIS, MN2025

    COMMUNITY DEVELOPMENT

    THE BETA GROUP

    $45,000
    MINNEAPOLIS, MN2025

    GENERAL SUPPORT

    SACA

    $29,000
    COLUMBIA HEIGHTS, MN2025

    GENERAL SUPPORT

    THE CAMDEN PROMISE

    $27,500
    MINNEAPOLIS, MN2025

    COMMUNITY DEVELOPMENT

    ALLINA HEALTH FOUNDATION

    $25,000
    MINNEAPOLIS, MN2025

    COMMUNITY DEVELOPMENT

    LEE CARLSON CENTER

    $24,000
    FRIDLEY, MN2025

    GENERAL SUPPORT

    MY VERY OWN BED

    $13,000
    MINNEAPOLIS, MN2025

    COMMUNITY DEVELOPMENT

    SACA

    $10,500
    COLUMBIA HEIGHTS, MN2025

    REVITALIZE/STABILIZE

    FRIENDS OF RAMSEY LIBRARY (NB)

    $10,000
    SHOREVIEW, MN2025

    COMMUNITY DEVELOPMENT

    ISD #13

    $8,536
    COLUMBIA HEIGHTS, MN2025

    COMMUNITY DEVELOPMENT

    THE DWELLING PLACE

    $6,500
    COLUMBIA HEIGHTS, MN2025

    AFFORABLE HOUSING

    METROPOLITAN ECONOMIC DEVELOPMENT ASSOC

    $5,000
    MINNEAPOLIS, MN2025

    ECONOMIC DEVELOPMENT

    CATHOLIC ELDERCARE

    $5,000
    MINNEAPOLIS, MN2025

    AFFORDABLE HOUSING

    WOMEN VENTURE

    $5,000
    MINNEAPOLIS, MN2025

    COMMUNITY DEVELOPMENT

    DOUGHERTY FAMILY COLLEGE

    $5,000
    WAYZATA, MN2025

    GENERAL SUPPORT

    MINNESOTA MEDICAL FOUNDATION

    $5,000
    MINNEAPOLIS, MN2025

    GENERAL SUPPORT

    HOSPITALITY HOUSE YOUTH DEVELOPMENT

    $4,000
    MINNEAPOLIS, MN2025

    COMMUNITY DEVELOPMENT

    DELASALLE HIGH SCHOOL

    $4,000
    MINNEAPOLIS, MN2025

    GENERAL SUPPORT

    UNITED WAY

    $4,000
    MINNEAPOLIS, MN2025

    COMMUNITY DEVELOPMENT

    GREATER METROPOLITAN HOUSING CORPORATION

    $3,500
    MINNEAPOLIS, MN2025

    AFFORDABLE HOUSING

    NEIGHBORHOOD HEALTH SOURCE

    $3,000
    MINNEAPOLIS, MN2025

    REVITALIZE/STABILIZE

    RISE

    $3,000
    MINNEAPOLIS, MN2025

    COMMUNITY DEVELOPMENT

    DEMO

    $3,000
    MINNEAPOLIS, MN2025

    GENERAL SUPPORT

    WISHES & MORE

    $2,700
    MINNEAPOLIS, MN2025

    GENERAL SUPPORT

    ACCAP

    $2,500
    BLAINE, MN2025

    AFFORABLE HOUSING

    CHILDRENS DENTAL SERVICES

    $2,500
    MINNEAPOLIS, MN2025

    COMMUNITY DEVELOPMENT

    IMMACULATE CONCEPTION CATHOLIC CHURCH

    $2,250
    MINNEAPOLIS, MN2025

    GENERAL SUPPORT

    NORTHSIDE ECONOMIC OPPORTUNITY NETWORK (NEON)

    $2,000
    MINNEAPOLIS, MN2025

    COMMUNITY DEVELOPMENT

    AMERICAN CRAFT COUNCIL

    $2,000
    MINNEAPOLIS, MN2025

    GENERAL SUPPORT

    SCORE

    $2,000
    MINNEAPOLIS, MN2025

    REVITALIZE/STABILIZE

    MOUNDSVIEW EDUCATION FOUNDATION (NB)

    $2,000
    SHOREVIEW, MN2025

    GENERAL SUPPORT

    ANOKA HENNEPIN EDUCATION FOUNDATION

    $2,000
    ANDOVER, MN2025

    GENERAL SUPPORT

    URBAN HOMEWORKS

    $2,000
    MINNEAPOLIS, MN2025

    AFFORDABLE HOUSING

    SIMPSON HOUSING

    $2,000
    MINNEAPOLIS, MN2025

    AFFORDABLE HOUSING

    ANOKA RAMSEY COMMUNITY COLLEGE FOUNDATION

    $2,000
    COON RAPIDS, MN2025

    GENERAL SUPPORT

    AEON

    $2,000
    MINNEAPOLIS, MN2025

    AFFORDABLE HOUSING

    CITY OF LAKES COMMUNITY LAND TRUST

    $2,000
    MINNEAPOLIS, MN2025

    AFFORDABLE HOUSING

    ANOKA TECHNICAL COLLEGE FOUNDATION

    $2,000
    ANOKA, MN2025

    GENERAL SUPPORT

    FRESH ENERGY

    $2,000
    ST PAUL, MN2025

    GENERAL SUPPORT

    IMPACT SERVICES

    $1,500
    FRIDLEY, MN2025

    REVITALIZE/STABALIZE LMI

    MINNESOTA YOUTH ATHLETIC SERVICES

    $1,500
    SPRING LAKE PARK, MN2025

    GENERAL SUPPORT

    CHURCH OF THE ASCENSION

    $1,500
    MINNEAPOLIS, MN2025

    GENERAL SUPPORT

    CLARE HOUSING

    $1,500
    MINNEAPOLIS, MN2025

    COMMUNITY DEVELOPMENT

    ALEXANDRA HOUSE

    $1,500
    BLAINE, MN2025

    GENERAL SUPPORT

    NEMAA

    $1,500
    MINNEAPOLIS, MN2025

    REVITALIZE/STABILIZE

    ACHIEVE SERVICES

    $1,500
    BLAINE, MN2025

    COMMUNITY DEVELOPMENT

    HAROLD MEZILE NORTH COMMUNITY YMCA

    $1,500
    MINNEAPOLIS, MN2025

    COMMUNITY DEVELOPMENT

    ALEXANDRA HOUSE

    $1,500
    BLAINE, MN2025

    COMMUNITY DEVELOPMENT

    MERJENT FOUNDATION

    $1,500
    MINNEAPOLIS, MN2025

    GENERAL SUPPORT

    MARIA'S VOICE

    $1,000
    CHASKA, MN2025

    GENERAL SUPPORT