King Family Foundation
King Family Foundation is a private foundation, based in Hastings, MN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 1 grant totaling $120K. Net investment income was $206K.
King Family Foundation at a glance
In short: King Family Foundation gave $120K across 1 grant in 2024 (avg $120K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $120,000
- +8.1% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $120,000
- +8.1% vs 2023
- Median grant
- $120,000
- Total assets
- $1,619,263
- +5.5% vs 2023
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who King Family Foundation funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How King Family Foundation gives
- Giving grew 33% from 2021 to 2024. Method
- In 2024 it paid out 97% 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 2024, annual grant giving ranged from $21K (2019) to $120K (2024). In 2024 it made 1 grant totaling $120K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $120,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,619,263 | $218,041 | $134,250 | $120,000 | 1 | $120,000 | $205,916 | $123,693 |
| 2023 | $1,535,472 | $112,754 | $131,517 | $111,000 | 1 | $111,000 | $102,051 | $104,000 |
| 2022 | $1,554,235 | $185,282 | $119,906 | $107,500 | 1 | $107,500 | $176,932 | $100,509 |
| 2021 | $1,488,859 | $115,304 | $107,492 | $90,000 | 1 | $90,000 | $104,010 | $111,676 |
| 2020 | $1,481,047 | $162,902 | $72,985 | $60,000 | 1 | — | $153,822 | $89,439 |
| 2019 | $1,391,130 | $794,591 | $39,452 | $21,000 | 1 | — | $37,134 | $61,392 |
Under IRS private-foundation payout rules, King Family Foundation reported a distributable amount of $124K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
King Family Foundation is led by Patrick King, President on every filing since 2022; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Patrick King
President
On filings since 2022
1 hr/week
No compensation reported
William C. King
Chairman & Secretary
Director → Chairman & Secretary, 2022
On filings since 2019
1 hr/week
No compensation reported
Torra Spillane
Director
On filings since 2022
1 hr/week
No compensation reported
Theresa King
Vice President
On filings since 2022
1 hr/week
No compensation reported
Former officers (4)
- Former: Greg Hahn (2022–2023) — Vice President
- Former: Laura Hahn (2021) — Director
- Former: Janet M. King (2019–2020) — Director
- Former: Laura Spillane (2019–2020) — Director
Data from IRS Form 990 filings, 2019–2024. "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 King Family Foundation
How much does King Family Foundation give each year?
King Family Foundation gave $120K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $111K across 1 grant.
How large is King Family Foundation?
King Family Foundation reported $1.6M in total assets on its 2024 IRS Form 990-PF. It paid out $120K in qualifying distributions that year, against a required minimum of $124K (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 King Family Foundation operate?
King Family Foundation has awarded grants in Minnesota.
What is King Family Foundation's EIN?
King Family Foundation's EIN (Employer Identification Number) is 41-1951860. IRS Form 990 filing data is available on this page for 2019–2024.
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 September 9, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 30, 2025)
- IRS filings on file for fiscal years 2019–2024
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