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HRK Foundation
HRK Foundation traces its origin to 1964 and the Andersen family branch that built its fortune through Andersen Corporation. Julia Kaemmer, a family member,...
Overview
HRK Foundation traces its origin to 1964 and the Andersen family branch that built its fortune through Andersen Corporation. Julia Kaemmer, a family member, leads the foundation as president while Katherine Hayes, a fifth-generation descendant, serves on the board. The foundation deploys capital through grants supporting religious, educational, charitable, scientific, and literary purposes. It holds real assets including Afton Nature Center in Minnesota. Geographic focus remains concentrated in the United States with primary activity in Minnesota. Confirmed vehicles include the Art and Martha Kaemmer Fund, MAHADH Fund, Mary H. Rice Funds, and Pugsley Fund. The organization lists 15 million dollars under management per internal estimate. It maintains an office at 2550 University Avenue West in Saint Paul. HRK Group functions as the related family office structure. Membership in Mission Investors Exchange and Grantmakers in the Arts provides access to impact-oriented networks. Governance ties remain direct to the founding family without external managers disclosed.
General information
Firm type
Endowment / Foundation
Year founded
1964
Location
Region
North America
Country
United States
City
Saint Paul
Corporate office
Saint Paul, MN, United States
Principals
Julia Kaemmer
President
Katherine Hayes
Board Member
Jill Koosmann
Director
Frequently asked questions
Who runs investment decisions at HRK Foundation?
Julia Kaemmer serves as president. Katherine Hayes and Jill Koosmann sit on the board. Decisions flow through these family and director roles.
Does HRK Foundation participate in fund commitments or only direct deals?
Activity centers on grants and direct support. No fund commitments appear in available records.
What is HRK Foundation's known posture on co-investments alongside external GPs?
No co-investment activity with external managers is recorded. The foundation focuses on its own grant programs.
How is HRK Foundation related to HRK Group?
HRK Group serves as the Andersen family office. It maintains operational ties to the foundation.
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