Laine Family Fdn MGD Agy
Laine Family Fdn MGD Agy is a private foundation, based in Eagan, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $433K in total assets. In 2025, it awarded 2 grants totaling $10K. Net investment income was $30K.
Laine Family Fdn MGD Agy at a glance
In short: Laine Family Fdn MGD Agy gave $10K across 2 grants in 2025 (avg $5K), mostly in Utah. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $10,000
- +0.0% vs 2024
- Grants made (2025)
- 2
- +100.0% vs 2024
- Average grant
- $5,000
- -50.0% vs 2024
- Median grant
- $5,000
- Total assets
- $432,702
- +1.2% vs 2024
- Primary geography
- Utah (50% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Laine Family Fdn MGD Agy funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was American Crossroads Theatre ($5K). Together the top 2 received $10K.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Laine Family Fdn MGD Agy gives
- Giving fell 63% from 2022 to 2025. Method
- In 2025 it paid out 107% of 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 2025, annual grant giving ranged from $10K (2024) to $27K (2022). In 2025 it made 2 grants totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Crossroads Theatre Cedar City, UT | General Operating | $5,000 |
| Southeast Career Technical Academy Las Vegas, NV | General Operating | $5,000 |
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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 | $432,702 | $38,993 | $33,528 | $10,000 | 2 | $25,037 | $30,230 | $23,302 |
| 2024 | $427,378 | $14,436 | $27,966 | $10,000 | 1 | $20,744 | $7,942 | $22,745 |
| 2023 | $440,185 | $13,394 | $42,368 | $24,830 | 1 | $35,473 | $6,934 | $20,956 |
| 2022 | $469,881 | $18,321 | $50,846 | $27,360 | 1 | $38,131 | $11,026 | $22,592 |
| 2021 | $502,408 | $223,442 | $43,180 | $23,230 | 1 | $34,178 | $215,525 | $23,602 |
| 2020 | $322,148 | $48,746 | $33,427 | $15,350 | 2 | — | $40,928 | $23,074 |
Under IRS private-foundation payout rules, Laine Family Fdn MGD Agy reported a distributable amount of $23K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Laine Family Fdn MGD Agy is led by Richard Keseley, Director on every filing since 2020 — the only officer listed, and compensated.
Officers on the 2025 filing
Richard Keseley
Director
On filings since 2020
4 hrs/week
$10K (2020) → $15K (2025)
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 $15K, to Richard Keseley (Director).
Frequently asked questions about Laine Family Fdn MGD Agy
How much does Laine Family Fdn MGD Agy give each year?
Laine Family Fdn MGD Agy gave $10K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $10K across 1 grant.
How large is Laine Family Fdn MGD Agy?
Laine Family Fdn MGD Agy reported $433K in total assets on its 2025 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $23K (roughly 5% of its investment assets).
Where does Laine Family Fdn MGD Agy operate?
Laine Family Fdn MGD Agy has awarded grants in Minnesota, Nevada, Utah.
What is Laine Family Fdn MGD Agy's EIN?
Laine Family Fdn MGD Agy's EIN (Employer Identification Number) is 42-6282275. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 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 2020 (received by the IRS October 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 20, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2020–2024
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