Lake Family Foundation
Lake Family Foundation is a private foundation, based in Sioux Falls, SD. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $45K in total assets. In 2025, it awarded 3 grants totaling $43K.
Lake Family Foundation at a glance
In short: Lake Family Foundation gave $43K across 3 grants in 2025 (avg $14K), mostly in South Dakota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $42,875
- -11.2% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $14,292
- -11.2% vs 2024
- Median grant
- $16,875
- Total assets
- $45,376
- +234.0% vs 2024
- Primary geography
- South Dakota (100% 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 Lake Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Sioux Falls School District - Lincoln High School ($17K). Together the top 2 received $18K.
Organizations only. It also paid 1 grant to individuals ($25,000), which are not listed by name.
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 3 itemized grants.
States
Cities
How Lake Family Foundation gives
- In 2025 it paid out well above 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 2024 to 2025, annual grant giving ranged from $43K (2025) to $48K (2024). In 2025 it made 3 grants totaling $43K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $25,000 |
| Sioux Falls School District - Lincoln High School Sioux Falls, SD | Fundraiser for marching band | $16,875 |
| Harrisburg School District Harrisburg, SD | Fundraiser for volleyball | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $45,376 | $113,005 | $81,215 | $42,875 | 3 | $47,008 | $1,012 |
| 2024 | $13,586 | $103,619 | $90,033 | $48,288 | 3 | $57,051 | $438 |
Under IRS private-foundation payout rules, Lake Family Foundation reported a distributable amount of $1K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lake Family Foundation is led by James Lake, President on every filing since 2023; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
James Lake
President
On filings since 2023
5 hrs/week
No compensation reported
Amy Lake
Director
On filings since 2023
2 hrs/week
No compensation reported
Ryan O'Connor
Director
On filings since 2023
1 hr/week
No compensation reported
Brian Nash
Secretary & Treasurer
On filings since 2023
5 hrs/week
No compensation reported
John Andrejeski
Vice President
On filings since 2023
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "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 Lake Family Foundation
How much does Lake Family Foundation give each year?
Lake Family Foundation gave $43K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $48K across 3 grants.
What is Lake Family Foundation's typical grant size?
Lake Family Foundation's median grant in 2025 was $16,875, and its average grant was $14,292, across 3 grants on its 2025 IRS Form 990-PF.
Where does Lake Family Foundation give grants?
Lake Family Foundation gives mostly in South Dakota: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Lake Family Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Lake Family Foundation's 2025 IRS Form 990-PF were described as general or operating support.
How large is Lake Family Foundation?
Lake Family Foundation reported $45K in total assets on its 2025 IRS Form 990-PF. It paid out $47K in qualifying distributions that year, against a required minimum of $1K (roughly 5% of its investment assets).
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 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 31, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 28, 2026)
- IRS filings on file for fiscal years 2023–2024
Live grants for the work Lake Family Foundation funds
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