Lundborg Foundation
Lundborg Foundation is a private foundation, based in Hopkins, MN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $5.0M in total assets. In 2024, it awarded 3 grants totaling $8K. Net investment income was $933K.
Lundborg Foundation at a glance
In short: Lundborg Foundation gave $8K across 3 grants in 2024 (avg $3K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $7,528
- +0.0% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $2,509
- +0.0% vs 2023
- Median grant
- $3,000
- Total assets
- $5,045,258
- -16.9% vs 2023
- Primary geography
- Minnesota (80% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Lundborg Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Big Sandy Camp ($3K). Together the top 3 received $8K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $5K (2022) to $15K (2019). In 2024 it made 3 grants totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Big Sandy Camp McGregor, MN | Program Support | $3,028 |
| Christian Ministries International Minnetonka, MN | Program Support | $3,000 |
| Royal Family Kids Littleton, CO | Program Support | $1,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $5,045,258 | $825,348 | $208,062 | $7,528 | 3 | $102,602 | $933,434 | — |
| 2023 | $6,068,076 | $916,999 | $152,797 | $7,528 | 3 | $118,280 | $936,394 | — |
| 2022 | $5,299,587 | $1,026,047 | $105,361 | $5,000 | 1 | $116,766 | $1,023,305 | — |
| 2021 | $167,081 | $25,137 | $171,811 | — | — | $148,741 | $12,039 | — |
| 2020 | $173,653 | $754,896 | $112,691 | $10,000 | 1 | — | $60,035 | — |
| 2019 | $131,404 | $186,892 | $57,766 | $15,000 | 1 | — | $129,559 | $32,929 |
Leadership & Key People
Officers and directors from IRS filings
Lundborg Foundation is led by Michael Lundborg, President since 2022 (on filings since 2019); 2 of 9 officers listed in 2024 are compensated.
Officers on the 2024 filing
Michael Lundborg
President
Treasurer → President, 2022
On filings since 2019
$30K (2022) → $27K (2024)
Kathy Wucherpfennig
Director
On filings since 2022
No compensation reported
Nancy Mayo
Director
On filings since 2022
No compensation reported
Randy Kroll
Director
Chairman → Director, 2024
On filings since 2022
No compensation reported
Rodney Jackson
Director
On filings since 2023
No compensation reported
Stephanie Lundborg
Secretary
On filings since 2022
$14K (2023) → $19K (2024)
Donna Lundborg
Vice President
On filings since 2019
No compensation reported
Hayden Lundborg
Treasurer
On filings since 2022
No compensation reported
Keith Myrmel
Vice Chairman
Director → Vice Chairman, 2023
On filings since 2022
No compensation reported
Former officers (2)
- Former: Scott Meadows (2022) — Vice Chairman
- Former: Richard Lundborg (2019–2021) — President
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $27K, to Michael Lundborg (President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Lundborg Foundation
How much does Lundborg Foundation give each year?
Lundborg Foundation gave $8K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $8K across 3 grants.
What is Lundborg Foundation's typical grant size?
Lundborg Foundation's median grant in 2024 was $3,000, and its average grant was $2,509, across 3 grants on its 2024 IRS Form 990-PF.
Where does Lundborg Foundation give grants?
Lundborg Foundation gives mostly in Minnesota: 80% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Colorado (20%).
Does Lundborg Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Lundborg Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Support" (3 grants).
How large is Lundborg Foundation?
Lundborg Foundation reported $5.0M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $825K.
What is Lundborg Foundation's EIN?
Lundborg Foundation's EIN (Employer Identification Number) is 41-1708796. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 18, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 26, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2019–2024
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