Lre Foundation
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.
Key facts about Lre Foundation
- EIN
- 20-4973856
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,100,000
- Grants made (2024)
- 24
- Average grant
- $45,833
- Median grant
- $40,000
- New grantees (estimate)
- 4% first-time grantees (1 of 24, 2024)
- Total assets
- $15,724,594
- Primary geography
- Minnesota (84% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation operates on an invite-only basis and does not accept unsolicited applications. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Lre Foundation funds
By grant dollars, the top recipient states for Lre Foundation's 24 itemized 2024 grants were Minnesota (84%) and Pennsylvania (15%). The most frequent recipient cities were Minneapolis, MN (14 grants), St Paul, MN (3 grants) and St Louis Park, MN (2 grants). None of its 24 grants with a stated purpose were described as general or operating support. Recurring purposes include "Education" (9 grants), "Human Services" (7 grants) and "Medical Research & Wellness" (3 grants).
Is Lre Foundation open to new grantees?
4%
first-time grantees, 2024
In 2024, 1 of 24 grantees (4%) were first-time recipients. First grants averaged $50K; repeat grants $46K. How we count
Medians: $50K first-time, $30K repeat.
- 96% of 2024 grantees were also funded in 2023. Method
- Giving grew 23% from 2021 to 2024. Method
- In 2024 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Lre Foundation
- How to evaluate Lre Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Lre Foundation with AI
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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
Grant Range
$40,000
Average Grant
$182
How to Apply
**
Ready to take the next step with Lre Foundation?
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
Share of all 24 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include Lung Cancer Research Foundation ($160,000), Hope Academy ($100,000), Way to Grow ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LUNG CANCER RESEARCH FOUNDATION Philadelphia, PA | MEDICAL RESEARCH & WELLNESS | $160,000 |
| HOPE ACADEMY Minneapolis, MN | EDUCATION | $100,000 |
| WAY TO GROW Minneapolis, MN | EDUCATION | $100,000 |
| ACHIEVE TWIN CITIES Minneapolis, MN | EDUCATION | $75,000 |
| WALLIN EDUCATION FOUNDATION St Paul, MN | EDUCATION | $75,000 |
| GREAT MN SCHOOLS Minneapolis, MN | EDUCATION | $60,000 |
| 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 |
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 IRS 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?
The foundation operates on an invite-only basis and does not accept unsolicited applications. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Lre Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.