Fred M Hector Jr Charitable Trust
Fred M Hector Jr Charitable Trust is a private foundation based in Fargo, North Dakota. Established in 2017, the trust operates as a 501(c)(3) organization dedicated to philanthropic work in the upper Midwest region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$19.2M
+6.6% YoY
Annual Giving
$663K
+67.6% YoY
Grant Count
40
+29.0% YoY
Avg Grant Size
$17K
+29.9% YoY
Mission & Focus Areas
The Hector Foundation takes pride in improving the lives of those less fortunate in the Fargo–Moorhead metro area. The foundation supports charities operating in or serving the Fargo-Moorhead region.
Primary funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation has made 52 grants totaling $741,000 and has supported 26 unique organizations. Recent grantees include:
Average Grant
amount: $14,000
Review Cycle
September 15
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in North Dakota and Minnesota, with a specific emphasis on the Fargo-Moorhead metropolitan area.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Income (2024):
- Total assets: $19,201,736
- Annual income: $5.4 million
- Total giving: $663,000–$685,000
Assets & Income (2023):
- Total assets: $18,021,056
- Total revenues: $9,692,485
- Total expenses: $486,939
The foundation has experienced significant asset growth, increasing from $8,000 in 2018 to $19.2 million by 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $19,201,736 | $18,021,056 | $7,663,460 |
| Revenue | $1,866,878 | $9,692,485 | $492,653 |
| Expenses | $947,401 | $486,939 | $424,810 |
| Qualifying Distributions | $684,904 | $399,215 | $385,609 |
| Net Investment Income | $921,852 | $405,427 | $270,826 |
| Distributable Amount | $922,973 | $403,440 | $363,313 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
142 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Keith Ernst serves as Trustee.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEITH ERNST | TRUSTEE | 2 | — |
Recent News & Activity
Recent developments and announcements
The foundation announced its 2023 grant recipients, continuing its commitment to supporting nonprofits serving the Fargo-Moorhead region.
2023 Grant Recipients! | \nThe Hector Foundation - Fargo, NDSubject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Grants
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Total Given
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Total Given
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Fishes and Loaves From Jesus Christ Inc
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Assets
—
Grants
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Total Given
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West River Health Services
HETTINGER, ND
Assets
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Total Given
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The Devils Lake Area Foundation
DEVILS LAKE, ND
Assets
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Total Given
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Matthew 25 Project Minot
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Assets
$41K
Grants
0
Total Given
—
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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