Crosslake Ideal Scholarship Fund
Crosslake Ideal Scholarship Fund is a private foundation focused on Education, based in Crosslake, MN. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $217K in total assets. In 2026, it awarded 2 grants totaling $6K. Net investment income was $10K.
Crosslake Ideal Scholarship Fund at a glance
In short: Crosslake Ideal Scholarship Fund gave $6K across 2 grants in 2026 (avg $3K), mostly in Minnesota. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $6,000
- +100.0% vs 2025
- Grants made (2026)
- 2
- +100.0% vs 2025
- Average grant
- $3,000
- +0.0% vs 2025
- Median grant
- $3,000
- Total assets
- $216,895
- +3.1% vs 2025
- Primary geography
- Minnesota (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Crosslake Ideal Scholarship Fund funds
How this funder distributes its grants
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 2 itemized grants.
States
Cities
How Crosslake Ideal Scholarship Fund gives
- Giving grew 20% from 2023 to 2026. 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 2020 to 2026, annual grant giving ranged from $3K (2024) to $14K (2022). In 2026 it made 2 grants totaling $6K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 2 individual scholarships Recipients not named | — | $6,000 |
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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 |
|---|---|---|---|---|---|---|---|
| 2026 | $216,895 | $9,974 | $9,456 | $6,000 | 2 | $6,000 | $9,974 |
| 2025 | $210,356 | $2,847 | $9,336 | $3,000 | 1 | $3,000 | $6,944 |
| 2024 | $208,488 | $10,019 | $7,518 | $3,000 | 1 | $3,000 | $10,019 |
| 2023 | $195,188 | $3,376 | $7,650 | $5,000 | 1 | $5,000 | $6,176 |
| 2022 | $213,561 | $30,874 | $18,052 | $14,000 | 7 | $14,000 | $20,874 |
| 2021 | $223,294 | $34,086 | $9,070 | $6,000 | 6 | — | $13,086 |
| 2020 | $165,714 | $10,975 | $6,327 | $4,000 | 3 | — | $10,975 |
Leadership & Key People
Officers and directors from IRS filings
Crosslake Ideal Scholarship Fund is led by Scott Gallaway, President on every filing since 2020; none of the 6 officers listed in 2026 report compensation.
Officers on the 2026 filing
Scott Gallaway
President
On filings since 2020
No compensation reported
Gordy Reller
Director
Secretary → Director, 2021
On filings since 2020
No compensation reported
Jane Monson
Director
On filings since 2020
No compensation reported
Sandy Anderson
Director
On filings since 2020
No compensation reported
Stephen Roe
Director
On filings since 2020
No compensation reported
Debby Floerchinger
Secretary
On filings since 2023
No compensation reported
Former officers (2)
- Former: Chuck Cole (2020–2025) — Director
- Former: Debbie Floerchinger (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Crosslake Ideal Scholarship Fund
How much does Crosslake Ideal Scholarship Fund give each year?
Crosslake Ideal Scholarship Fund gave $6K across 2 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $3K across 1 grant.
How large is Crosslake Ideal Scholarship Fund?
Crosslake Ideal Scholarship Fund reported $217K in total assets on its 2026 IRS Form 990-PF. Its revenue that year was $10K.
What is Crosslake Ideal Scholarship Fund?
Crosslake Ideal Scholarship Fund is a private foundation focused on Education, based in Crosslake, MN. It holds $217K in total assets as of 2026.
Where does Crosslake Ideal Scholarship Fund operate?
Crosslake Ideal Scholarship Fund has awarded grants in Minnesota.
What is Crosslake Ideal Scholarship Fund's EIN?
Crosslake Ideal Scholarship Fund's EIN (Employer Identification Number) is 41-1636618. IRS Form 990 filing data is available on this page for 2020–2026.
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 2020 (received by the IRS June 30, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 29, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 28, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 25, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 12, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS July 2, 2025)
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 6, 2026)
- IRS filings on file for fiscal years 2020–2025
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