Lake Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SIOUX FALLS, SD. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $14K in total assets. In 2024, it awarded 3 grants totaling $48K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14K
Annual Giving
$48K
Grant Count
3
Avg Grant Size
$16K
Under IRS private-foundation payout rules, Lake Family Foundation reported a distributable amount of $438 for 2024 — the minimum it must pay out in qualifying distributions.
About Lake Family Foundation
Based on IRS filings
Lake Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SIOUX FALLS, SD. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $14K in total assets. In 2024, it awarded 3 grants totaling $48K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $13,586 | — |
| Revenue | $103,619 | — |
| Expenses | $90,033 | — |
| Qualifying Distributions | $57,051 | — |
| Net Investment Income | — | — |
| Distributable Amount | $438 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Sioux Falls School District - Lincoln High School ($18,288), Children's Home Shelter for Family Safety ($15,000), Compassion Childcare ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Sioux Falls School District - Lincoln High School Sioux Falls, SD | Fundraiser for Marching Band | $18,288 |
| Children's Home Shelter for Family Safety Sioux Falls, SD | Cash Donation | $15,000 |
| Compassion Childcare Sioux Falls, SD | Cash Donation | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| James Lake | President | 5 | — |
| John Andrejeski | Vice President | 2 | — |
| Brian Nash | Secretary/Treasurer | 5 | — |
| Amy Lake | Director | 2 | — |
| Ryan O'Connor | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Lake Family Foundation?
Lake Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SIOUX FALLS, SD. It holds $14K in total assets as of 2024.
How large is Lake Family Foundation?
As of 2024, Lake Family Foundation holds $14K in total assets with $104K in annual revenue. It awarded 3 grants totaling $48K in 2024.
Where does Lake Family Foundation operate?
Lake Family Foundation has awarded grants in South Dakota.
What size grants does Lake Family Foundation award?
In 2024, Lake Family Foundation awarded 3 grants totaling $48K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Lake Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lake Family Foundation reported a distributable amount of $438 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lake Family Foundation's EIN?
Lake Family Foundation's EIN (Employer Identification Number) is 93-1741706. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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