Charles Frees Educational Fund
Charles Frees Educational Fund is a private foundation, based in Milwaukee, WI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $589K in total assets. In 2025, it awarded 1 grant totaling $69K. Net investment income was $86K.
Charles Frees Educational Fund at a glance
In short: Charles Frees Educational Fund gave $69K across 1 grant in 2025 (avg $69K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $69,250
- -1.1% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $69,250
- -1.1% vs 2024
- Median grant
- $69,250
- Total assets
- $588,524
- +1.3% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Charles Frees Educational Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Scholarship America ($69K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Charles Frees Educational Fund gives
- Giving grew 823% from 2022 to 2025. Method
- In 2025 it paid out 146% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $8K (2022) to $70K (2024). In 2025 it made 1 grant totaling $69K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Scholarship America St Peter, MN | Scholarship Program | $69,250 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $588,524 | $101,275 | $93,932 | $69,250 | 1 | $77,553 | $85,528 | $53,175 |
| 2024 | $581,179 | $106,398 | $103,199 | $70,000 | 1 | $84,209 | $91,001 | $51,814 |
| 2023 | $577,978 | $149,862 | $34,991 | $7,500 | 1 | $21,153 | $136,102 | $46,055 |
| 2022 | $463,106 | $26,032 | $35,634 | $7,500 | 1 | $20,533 | $11,107 | $51,009 |
| 2021 | $472,711 | $43,905 | $52,842 | $22,670 | 1 | — | $16,723 | $62,434 |
| 2020 | $481,649 | $27,203 | $42,807 | $25,580 | 1 | — | $14,298 | $41,572 |
| 2019 | $497,329 | $28,357 | $59,976 | $39,030 | 1 | — | $15,972 | $39,064 |
Under IRS private-foundation payout rules, Charles Frees Educational Fund reported a distributable amount of $53K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Charles Frees Educational Fund's only listed officer is US Bank N A, Trustee on the 2025 filing (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
New on the 2025 filing
1 hr/week
$17K (2025)
Former officers (1)
- Former: US Bank NA (2019–2024) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $17K, to US Bank N a (Trustee).
Frequently asked questions about Charles Frees Educational Fund
How much does Charles Frees Educational Fund give each year?
Charles Frees Educational Fund gave $69K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $70K across 1 grant.
How large is Charles Frees Educational Fund?
Charles Frees Educational Fund reported $589K in total assets on its 2025 IRS Form 990-PF. It paid out $78K in qualifying distributions that year, against a required minimum of $53K (roughly 5% of its investment assets).
Where does Charles Frees Educational Fund operate?
Charles Frees Educational Fund has awarded grants in Minnesota.
What is Charles Frees Educational Fund's EIN?
Charles Frees Educational Fund's EIN (Employer Identification Number) is 43-6059806. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS January 28, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 3, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 5, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 10, 2026)
- IRS filings on file for fiscal years 2019–2025
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