Frey Foundation
Frey Foundation is a private foundation based in Minneapolis, Minnesota. Established by Eugene and Mary Frey in 1985, it formalized the family’s tradition of community giving and supported organizations working to promote self-sufficiency and creative change. The foundation’s website states that it formally sunset its operations on December 31, 2025; it therefore appears to have wound down grantmaking.
Frey Foundation at a glance
In short: Frey Foundation gave $1.2M across 48 grants in 2025 (avg $25K), mostly in Minnesota. 21% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,211,400
- +4.4% vs 2024
- Grants made (2025)
- 48
- +0.0% vs 2024
- Average grant
- $25,238
- +4.4% vs 2024
- Median grant
- $18,500
- Total assets
- $20,422,770
- +466.7% vs 2024
- New grantees (estimate)
- 21% first-time grantees (10 of 48, 2025)
- Primary geography
- Minnesota (93% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Frey Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation’s 2024 filing states that it made contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. The foundation has since announced that it sunset operations on December 31, 2025.
- Contact
Mailing address: 90 South Seventh Street Suite 5000, Minneapolis, MN 55402
Phone: (612) 359-6200
Website: HTTP://WWW.FREYFOUNDATIONMN.ORG/
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Frey Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Hazelden Betty Ford Foundation ($100K). Together the top 10 received $690K.
Grant Size Distribution
214 grants across all recorded years
The most common grant size was under $50K: 161 grants of 214 (75%).
Geographic Focus
Where this funder awards grants
The 2025 filing shows that 93% of grant dollars went to Minnesota recipients and 7% to Idaho recipients. The listed grants also included recipients in Illinois, Virginia, and Maryland, each reported as 0% of grant dollars.
Grant Distribution by State
Share of 2025 grant dollars across all 48 itemized grants.
States
Cities
Is Frey Foundation open to new grantees?
21%
first-time grantees, 2025
In 2025, 10 of 48 grantees (21%) were first-time recipients. First grants averaged $41K; repeat grants $21K. How we count
Medians: $50K first-time, $8K repeat.
- 73% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+4%). Method
- In 2025 it paid out 121% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $582K (2020) to $1.2M (2025). In 2025 it made 48 grants totaling $1.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hazelden Betty Ford Foundation Center City, MN | General Operating Support | $100,000 |
| Ujaama Place St. Paul, MN | General Operating Support | $95,000 |
| Twin Cities Rise Minneapolis, MN | General Operating Support | $75,000 |
| Heading Home Minnesota St. Paul, MN | General Operating Support | $70,000 |
| Simpson Housing Minneapolis, MN | General Operating Support | $70,000 |
| Aeon Minneapolis, MN | General Operating Support | $65,000 |
| Project for Pride in Living Inc (PPL) Minneapolis, MN | Resident Services Program | $65,000 |
| Hunger Impact Partners Minneapolis, MN | General Operating Support | $50,000 |
| Sun Valley Tour De Force Ketchum, ID | General Operating Support | $50,000 |
| Twin Cities Habitat for Humanity St. Paul, MN | General Operating Support | $50,000 |
Ready to take the next step with Frey Foundation?
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 | $20,422,770 | $433,603 | $1,871,280 | $1,211,400 | 48 | $1,712,880 | $1,366,946 | $1,412,356 |
| 2024 | $3,604,020 | $104,291 | $1,760,724 | $1,160,288 | 48 | $1,545,405 | $565,404 | $1,404,421 |
| 2023 | $5,188,491 | $92,403 | $1,804,466 | $1,161,447 | 46 | $1,628,837 | $1,336,166 | $1,365,572 |
| 2022 | $6,900,554 | $1,816,715 | $1,630,936 | $1,170,344 | 43 | $1,466,536 | $2,463,012 | $1,443,820 |
| 2021 | $6,714,775 | $25,261 | $1,370,158 | $877,004 | 29 | — | $555,074 | $1,252,766 |
| 2020 | $7,908,662 | $28,368 | $1,126,408 | $582,361 | 39 | — | $553,596 | $1,206,961 |
Under IRS private-foundation payout rules, Frey Foundation reported a distributable amount of $1.4M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated mission was to promote self-sufficiency and advance creative change to strengthen the community. In October 2023, its board voted to sunset Health & Human Services as an impact area and clarify its focus on Housing and Education. The foundation said partners previously categorized under Health & Human Services would continue to receive funding during the transition.
Its 2025 grants included organizations whose own missions illustrate the range of work supported. For example, AEON says it creates and sustains quality affordable homes; Twin Cities R!SE says it helps participants overcome socioeconomic hurdles through personal empowerment, career training, and employment; and Youthprise says it invests in Minnesota youth to increase equity with and for Indigenous, low-income, and racially diverse young people. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In filing year 2025, the foundation reported 48 grants totaling $1,211,400. Grants ranged from $103 to $100,000, with a median of $18,500.
The largest reported grants included $100,000 to Hazelden Betty Ford Foundation for general operating support; $95,000 to Ujaama Place for general operating support; $75,000 to Twin Cities Rise for general operating support; and $70,000 each to Heading Home Minnesota and Simpson Housing for general operating support. Other notable grants included $65,000 to AEON for general operating support and $65,000 to Project for Pride in Living for a resident services program.
The foundation’s website described a rolling, year-round Letter of Inquiry process in a grantmaking update. Its website also says current grantees would receive additional sunset funding during the transition. These are historical details, not current application instructions, because the foundation said it sunset operations on December 31, 2025.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists these directors: Eugene U Frey, James R Frey, Mary W Frey, John J Frey, Jane E Letourneau, Carol F Wolfe, Daniel T Wolfe, Peter J Frey, Sarah F Wilson, and Andrew F Wolfe. The foundation’s website identifies Flor Treviño Frey as its president.
Frey Foundation is led by Flor Trevino Frey, President since 2025 (on filings since 2020); 1 of 16 officers listed in 2025 is compensated.
Officers on the 2025 filing
Flor Trevino Frey
President
Senior Director → President & Director, 2022
President & Director → President, 2025
On filings since 2020
30 hrs/week
$64K (2020) → $156K (2025)
Carol F. Wolfe
Director
President, CEO & Director → Director, 2022
On filings since 2020
0.3 hrs/week
$71K (2020) → $0 (2025)
James R. Frey
Director
On filings since 2020
0.3 hrs/week
$65K (2020) → $0 (2025)
Andrew F. Wolfe
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Andrew Wilson
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Daniel T. Wolfe
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Eugene U. Frey
Director
Chairman & Director → Director, 2025
On filings since 2020
0.3 hrs/week
No compensation reported
Jack F. Wolfe
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Jane E. Letourneau
Director
On filings since 2020
0.3 hrs/week
No compensation reported
John J. Frey
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Mary W. Frey
Director
Vice Chairman, Director & Director → Director, 2022
On filings since 2020
0.3 hrs/week
No compensation reported
Molly F. Wolfe
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Morgan E. Wolfe
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Peter J. Frey
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Sarah F. Wilson
Director
Director → Secretary & Director, 2022
Secretary & Director → Director, 2025
On filings since 2020
0.3 hrs/week
No compensation reported
Susan M. Frey
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 $156K, to Flor Trevino Frey (President).
Frequently asked questions about Frey Foundation
How much does Frey Foundation give each year?
Frey Foundation gave $1.2M across 48 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.2M across 48 grants.
What is Frey Foundation's typical grant size?
Frey Foundation's median grant in 2025 was $18,500, and its average grant was $25,238, across 48 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Frey Foundation that year got $41K on average.
Where does Frey Foundation give grants?
Frey Foundation gives mostly in Minnesota: 93% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Idaho (7%). The most frequent recipient cities were Minneapolis, MN (21 grants) and St. Paul, MN (11 grants).
Does Frey Foundation give general operating support?
Yes: 90% of Frey Foundation's 2025 grants with a stated purpose (43 of 48) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Frey Foundation's largest grantees?
Frey Foundation's largest 2025 grantees include Hazelden Betty Ford Foundation ($100,000), Ujaama Place ($95,000) and Twin Cities Rise ($75,000), according to its 2025 IRS Form 990-PF. Together they received 22% of its itemized 2025 grant dollars.
How large is Frey Foundation?
Frey Foundation reported $20.4M in total assets on its 2025 IRS Form 990-PF. It paid out $1.7M in qualifying distributions that year, against a required minimum of $1.4M (roughly 5% of its investment assets).
What does Frey Foundation fund?
The foundation’s stated mission was to promote self-sufficiency and advance creative change to strengthen the community. In October 2023, its board voted to sunset Health & Human Services as an impact area and clarify its focus on Housing and Education. See mission & focus areas ↑
How do I apply for a grant from Frey Foundation?
The foundation’s 2024 filing states that it made contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Frey Foundation's EIN?
Frey Foundation's EIN (Employer Identification Number) is 36-3588505. IRS Form 990 filing data is available on this page for 2020–2025.
Does Frey Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 18, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 30, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
Explore Open Grants
Browse active grant opportunities in Frey Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Frey Foundation funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/frey-foundation-morg_acbb3da320494b849b0afdfb13a936b1
BibTeX
@misc{grantable_363588505_2026,
author = {{Grantable}},
title = {{Frey Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/frey-foundation-morg_acbb3da320494b849b0afdfb13a936b1},
note = {Accessed 2026-10-10. 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 Frey 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.
Frey Foundation down — hundreds of funders to go?