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Profile Last Updated: 04/19/2018 Grant Information Last Updated: 06/07/2018

I. A. O'Shaughnessy Foundation, Inc.

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About

Purpose and Activities

The foundation's current interest is the support of high quality education that prepares students in disadvantaged communities for educational and life success. The foundation funds organizations that: provide support networks, remove impediments to student success, are broadly supported by the community, and have a record of demonstrated success. The foundation is especially interested in funding endeavors that are broad in scope, widespread in influence, high-impact, innovative, and replicable models.

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Incorporated in 1941 in MN - I.A. O'Shaughnessy established his first oil company, Globe Oil & Refining Company of Oklahoma, on Feb. 2, 1917. Over the years I.A. set up a number of companies in refining and exploration, making good use of new technologies and thereby greatly increasing profitability. At one time he was one of the largest independent oil producers in the world. In order to formalize and perpetuate his philanthropic work, I.A. established the I.A. O’Shaughnessy Foundation in 1941. Until his death in 1973 at the age of 88, grants were made from the foundation solely at his direction. The governance and work of the foundation were left to I.A.’s five children, who then became its Board of Directors. Initially, grants were made to organizations favored by their father, but gradually the Directors’ own giving interests began to emerge. Today the I.A. O’Shaughnessy Foundation remains very much a family foundation

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I. A. O'Shaughnessy Foundation, Inc.

Independent foundation

EIN

416011524

Bridge Number

1865621652

Location

2001 Killebrew Dr., No. 120 Bloomington, MN United States 55425-1865

Contact Information