Gladys & Arnold Lueck Scholarship Fund 005355
Gladys & Arnold Lueck Scholarship Fund 005355 is a private foundation, based in New ULM, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $46K in total assets. In 2025, it made $828 in qualifying distributions. Net investment income was $878.
Gladys & Arnold Lueck Scholarship Fund 005355 at a glance
- Total assets
- $46,238
- -1.0% vs 2024
- Revenue (2025)
- $1,189
- -71.4% vs 2024
- Qualifying distributions (2025)
- $828
- -50.8% vs 2024
- Expenses (2025)
- $1,686
- -23.6% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Gladys & Arnold Lueck Scholarship Fund 005355 funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Gladys & Arnold Lueck Scholarship Fund 005355 gives
- Giving held roughly steady from 2019 to 2022 (+14%). Method
- In 2025 it paid out 34% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2022, annual grant giving ranged from $4K (2019) to $4K (2022). In 2022 it made 1 grant totaling $4K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $4,000 |
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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 | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $46,238 | $1,189 | $1,686 | — | — | $828 | $878 | $2,463 |
| 2024 | $46,713 | $4,161 | $2,206 | — | — | $1,683 | $3,673 | $2,315 |
| 2023 | $44,811 | $1,930 | $1,836 | — | — | $1,245 | $1,426 | $2,168 |
| 2022 | $44,731 | $1,665 | $5,989 | $4,000 | 1 | $5,306 | $1,117 | $2,326 |
| 2021 | $49,079 | $4,296 | $6,379 | $4,000 | 1 | $5,729 | $3,761 | $2,809 |
| 2019 | $52,969 | $6,208 | $5,452 | $3,500 | 1 | — | $4,572 | $2,678 |
Under IRS private-foundation payout rules, Gladys & Arnold Lueck Scholarship Fund 005355 reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gladys & Arnold Lueck Scholarship Fund 005355's only listed officer is Frandsen Bank & Trust, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Frandsen Bank & Trust
Trustee
On filings since 2021
2 hrs/week
$1K (2021) → $504 (2025)
Former officers (1)
- Former: Frandsen Bank & Trust CO (2019) — 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 $504, to Frandsen Bank & Trust (Trustee).
Frequently asked questions about Gladys & Arnold Lueck Scholarship Fund 005355
How large is Gladys & Arnold Lueck Scholarship Fund 005355?
Gladys & Arnold Lueck Scholarship Fund 005355 reported $46K in total assets on its 2025 IRS Form 990-PF. It paid out $828 in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Gladys & Arnold Lueck Scholarship Fund 005355 operate?
Gladys & Arnold Lueck Scholarship Fund 005355 has awarded grants in Minnesota.
What is Gladys & Arnold Lueck Scholarship Fund 005355's EIN?
Gladys & Arnold Lueck Scholarship Fund 005355's EIN (Employer Identification Number) is 41-2010569. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 12, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 26, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 24, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2019–2025
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