Folkvord Family Foundation
Folkvord Family Foundation is a private foundation, based in Three Forks, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3K in total assets. In 2024, it awarded 1 grant totaling $58K. Net investment income was $40.
Folkvord Family Foundation at a glance
In short: Folkvord Family Foundation gave $58K across 1 grant in 2024 (avg $58K), mostly in Montana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $57,949
- +109.8% vs 2023
- Grants made (2024)
- 1
- -91.7% vs 2023
- Average grant
- $57,949
- +2417.3% vs 2023
- Median grant
- $57,949
- Total assets
- $2,743
- -74.2% vs 2023
- Primary geography
- Montana (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Folkvord Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was MSU Foundation ($58K).
Grant Size Distribution
46 grants across all recorded years
The most common grant size was under $50K: 45 grants of 46 (98%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Folkvord Family Foundation gives
- Giving grew 280% from 2021 to 2024. Method
- In 2024 it paid out well above 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 2020 to 2024, annual grant giving ranged from $15K (2021) to $58K (2024). In 2024 it made 1 grant totaling $58K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| MSU Foundation Bozeman, MT | General Operations | $57,949 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,743 | $50,040 | $57,949 | $57,949 | 1 | $57,949 | $40 | $329 |
| 2023 | $10,652 | $36,021 | $27,644 | $27,624 | 12 | $27,624 | $21 | $44 |
| 2022 | $2,284 | $20,000 | $42,925 | $42,500 | 8 | $42,500 | — | $520 |
| 2021 | $25,209 | $14,837 | $16,175 | $15,250 | 10 | $15,250 | $3 | $1,640 |
| 2020 | $26,547 | $14 | $28,313 | $27,438 | 15 | — | $14 | $2,004 |
Under IRS private-foundation payout rules, Folkvord Family Foundation reported a distributable amount of $329 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Folkvord Family Foundation is led by Dean Folkvord, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Dean Folkvord
President
On filings since 2020
No compensation reported
Haylee Folkvord
Treasurer
On filings since 2020
No compensation reported
Hillary Folkvord
Secretary
On filings since 2020
No compensation reported
Hope Folkvord
Vice President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Folkvord Family Foundation
How much does Folkvord Family Foundation give each year?
Folkvord Family Foundation gave $58K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $28K across 12 grants.
How large is Folkvord Family Foundation?
Folkvord Family Foundation reported $3K in total assets on its 2024 IRS Form 990-PF. It paid out $58K in qualifying distributions that year, against a required minimum of $329 (roughly 5% of its investment assets).
Where does Folkvord Family Foundation operate?
Folkvord Family Foundation has awarded grants in Arizona, Florida, Maryland, Montana, Texas.
What is Folkvord Family Foundation's EIN?
Folkvord Family Foundation's EIN (Employer Identification Number) is 82-1945772. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Folkvord Family Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Folkvord Family Foundation funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/folkvord-family-foundation-morg_d7e54aefe5964a85b3bb4dd2045c17e3
BibTeX
@misc{grantable_821945772_2026,
author = {{Grantable}},
title = {{Folkvord Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/folkvord-family-foundation-morg_d7e54aefe5964a85b3bb4dd2045c17e3},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Folkvord Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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