Lazy MF Trust
Lazy MF Trust is a private foundation focused on Arts, Culture & Humanities, based in Irvine, CA. IRS filing data is available from 2021 through 2022. As of 2022, the organization holds $2.7M in total assets. In 2022, it awarded 2 grants totaling $6.4M. Net investment income was $386K.
Lazy MF Trust at a glance
In short: Lazy MF Trust gave $6.4M across 2 grants in 2022 (avg $3.2M), mostly in Montana. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $6,400,000
- +1500.0% vs 2021
- Grants made (2022)
- 2
- +100.0% vs 2021
- Average grant
- $3,200,000
- +700.0% vs 2021
- Median grant
- $3,200,000
- Total assets
- $2,742,949
- -71.3% vs 2021
- Primary geography
- Montana (94% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Lazy MF Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2022
The largest 2022 recipient was American Prairie Reserve ($6.0M). Together the top 2 received $6.4M.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $250–500K range: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2022 grant dollars across all 2 itemized grants.
Cities
How Lazy MF Trust gives
- In 2022 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 2021 to 2022, annual grant giving ranged from $400K (2021) to $6.4M (2022). In 2022 it made 2 grants totaling $6.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Prairie Reserve Bozeman, MT | To Support American Prairie's Land Acquisition Campaign. | $6,000,000 |
| Vanguard Charitable Endowment Lion & Rose Fund San Antonio, TX | To Further Environmental and Educational Causes. | $400,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2022 | $2,742,949 | $392,168 | $6,545,417 | $6,400,000 | 2 | $6,502,165 | $385,838 | $260,152 |
| 2021 | $9,566,190 | $1,433,193 | $518,442 | $400,000 | 1 | — | $1,413,934 | $448,140 |
Under IRS private-foundation payout rules, Lazy MF Trust reported a distributable amount of $260K for 2022 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lazy MF Trust is led by James Kearns, Trustee on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2022 filing
James Kearns
Trustee
On filings since 2021
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2022. "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 Lazy MF Trust
How much does Lazy MF Trust give each year?
Lazy MF Trust gave $6.4M across 2 grants in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $400K across 1 grant.
How large is Lazy MF Trust?
Lazy MF Trust reported $2.7M in total assets on its 2022 IRS Form 990-PF. It paid out $6.5M in qualifying distributions that year, against a required minimum of $260K (roughly 5% of its investment assets).
What is Lazy MF Trust?
Lazy MF Trust is a private foundation focused on Arts, Culture & Humanities, based in Irvine, CA. It holds $2.7M in total assets as of 2022.
Where does Lazy MF Trust operate?
Lazy MF Trust has awarded grants in Montana, Texas.
What is Lazy MF Trust's EIN?
Lazy MF Trust's EIN (Employer Identification Number) is 20-7008090. IRS Form 990 filing data is available on this page for 2021–2022.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2022
Live grants for the work Lazy MF Trust funds
Arts, Culture & Humanities Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Lazy MF Trust's focus areas in our free grants database
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