Lake Family Foundation

Foundation · Grantmaker Sioux Falls, SD EIN: 93-1741706

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.

Key facts about Lake Family Foundation

EIN: 93-1741706
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $48,288
Grants made (2024): 3
Average grant: $16,096
Median grant: $15,000
Total assets: $13,586
Primary geography: South Dakota (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Lake Family Foundation funds

By grant dollars, the top recipient states for Lake Family Foundation's 3 itemized 2024 grants were South Dakota (100%). The most frequent recipient cities were Sioux Falls, SD (3 grants). None of its 3 grants with a stated purpose were described as general or operating support.

How Lake Family Foundation gives

In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$14K

Annual Giving

$48K

Grant Count

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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Dakota $48K (100%)

Share of all 3 itemized 2024 grant dollars.

States

South Dakota

Cities

Sioux Falls

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$13,586	—
Revenue	$103,619	—
Expenses	$90,033	—
Qualifying Distributions	$57,051	—
Net Investment Income	—	—
Distributable Amount	$438	—

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2023–2024

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 recipients 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

No officer or director reported compensation in the available filings.

From 2024 IRS 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

Philanthropy, Voluntarism & Grantmaking

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.