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I. A. O'Shaughnessy Foundation, Inc.

Profile

Last Updated: 2016-02-09

At A Glance

I. A. O'Shaughnessy Foundation, Inc.

2001 Killebrew Dr., No. 120

Bloomington, MN United States 55425-1865

Telephone: (952) 698-0959

URL: www.iaoshaughnessyfdn.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2013-12-31)

Assets: $92,445,490

Total giving: $2,901,356

EIN

416011524

BRIDGE Number

1865621652

Background

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

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.

Fields of Interest

Subjects
  • Early childhood education
  • Elementary and secondary education
  • Elementary education
Population Groups
  • Academics
  • Adolescents
  • Children
  • Children and youth
  • Economically disadvantaged people
  • Ethnic and racial groups
  • Female children and youth
  • Female young adults
  • Low-income and poor people
  • Male children and youth
  • Male young adults
  • Students
  • Young adults

Financial Data

Year ended 2013-12-31

Assets: $92,445,490 (market value)

Expenditures: $3,809,336

Total giving: $2,901,356

Qualifying distributions: $3,386,436

Giving activities include:

$2,901,356 for 92 grants (high: $445,000; low: $250)