The LRE Foundation is a private foundation based in Long Lake, Minnesota, established in 2006. It is a grantmaking organization focused on supporting nonprofit initiatives across multiple states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.7M
+1.3% YoY
Annual Giving
$1.1M
+8.9% YoY
Grant Count
24
-4.0% YoY
Avg Grant Size
$46K
+13.4% YoY
Under IRS private-foundation payout rules, Lre Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports three primary focus areas:
- Education
- Human Services
- Youth Development
Grantmaking
The foundation operates on an invite-only basis and does not accept unsolicited applications.
Grant Range
$40,000
Average Grant
$182
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation provides funding across three states:
- Minnesota (primary focus, including cities such as Boone, Edina, Hopkins, Minneapolis, Roseville, St. Louis Park, and St. Paul)
- North Carolina (including Charlotte)
- New York (including New York City)
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- Total assets: $15.7 million (as of 2024)
- Asset growth: +2.6% from previous year
Annual Activity (2024):
- Total revenues: $1,371,418
- Total expenses: $1,163,281
- Total grants, contributions: $500,000
- Investment income and dividends: $578,412
- Net gain from sale of non-inventory assets: $293,006
- Giving rate: 7.0% of assets
Staffing:
- No employees listed on tax filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,724,594 | $15,516,536 | $15,586,845 |
| Revenue | $1,371,418 | $991,626 | $1,032,510 |
| Expenses | $1,163,281 | $1,061,320 | $1,083,367 |
| Qualifying Distributions | $1,124,367 | $1,034,300 | $1,054,232 |
| Net Investment Income | $832,504 | $714,606 | $503,375 |
| Distributable Amount | $1,146,420 | $1,032,574 | $1,039,507 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
127 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lung Cancer Research Foundation ($160,000), Hope Academy ($100,000), Way to Grow ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACHIEVE TWIN CITIES MINNEAPOLIS, MN | EDUCATION | $75,000 |
| BANYAN COMMUNITY MINNEAPOLIS, MN | HUMAN SERVICES | $30,000 |
| BLACK MEN TEACH HOPKINS, MN | EDUCATION | $25,000 |
| CHILDREN'S HOSPITAL EDINA, MN | MEDICAL RESEARCH AND WELLNESS | $50,000 |
| CRISTO REY JESUIT HIGH SCHOOL MINNEAPOLIS, MN | EDUCATION | $50,000 |
| DOUGHERTY FAMILY COLLEGE ST PAUL, MN | EDUCATION | $50,000 |
| DUNWOODY COLLEGE MINNEAPOLIS, MN | EDUCATION | $50,000 |
| EMERGE MOTHERS ACADEMY MINNEAPOLIS, MN | PARENT SUPPORT SERVICES | $15,000 |
| EVERY MEAL (SHERIDAN STORY) ROSEVILLE, MN | HUMAN SERVICES | $10,000 |
| FRASER SCHOOL MINNEAPOLIS, MN | HUMAN SERVICES | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board of Trustees:
- Gregory R. Page
- Laura P. Bohlander (receives compensation of $20,000)
- Elizabeth Merry
- Robert Page
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GREGORY R PAGE | TRUSTEE | 1 | — |
| LAURA P BOHLANDER | TRUSTEE | 4 | $20,000 |
| ELIZABETH MERRY | TRUSTEE | 1 | — |
| ROBERT PAGE | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
The LRE Foundation hosted a Charity Golf Tournament that raised over $630,000 for local community organizations.
Over $630,000 Raised for Local Community Organizations through the LRE FoundationSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Lre Foundation fund?
The foundation supports three primary focus areas: • Education • Human Services • Youth Development
How do I apply for a grant from Lre Foundation?
**Grant Activity:** • Annual grants awarded: approximately $1.0-$1.1 million • Number of grants: 20-24 grants annually • Median grant size: $40,000 • Grant range: $5,000 to $160,000 • Average grant size: $182 **Application Process:** The foundation operates on an invite-only basis and does not accept unsolicited applications. **Recent Grantees (2024):** • Hope Academy: $100,000 (Education) • Way To Grow: $100,000 (Education) • Achieve Twin Cities: $75,000 (Education)
Where does Lre Foundation make grants?
The foundation provides funding across three states: • Minnesota (primary focus, including cities such as Boone, Edina, Hopkins, Minneapolis, Roseville, St. Louis Park, and St. Paul) • North Carolina (including Charlotte) • New York (including New York City)
What size grants does Lre Foundation award?
In 2024, Lre Foundation awarded 24 grants totaling $1.1M — an average of about $46K per grant, based on its IRS Form 990 filings.
How much is Lre Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Lre Foundation reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Lre Foundation's EIN?
Lre Foundation's EIN (Employer Identification Number) is 20-4973856. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Lre Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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