Lute Family Foundation Inc
Lute Family Foundation Inc is a private foundation focused on Recreation & Sports, based in Ogallala, NE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $676K in total assets. In 2024, it awarded 6 grants totaling $17K. Net investment income was $47K.
Lute Family Foundation Inc at a glance
In short: Lute Family Foundation Inc gave $17K across 6 grants in 2024 (avg $3K), mostly in Nebraska. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $17,427
- +21.3% vs 2023
- Grants made (2024)
- 6
- -25.0% vs 2023
- Average grant
- $2,905
- +61.8% vs 2023
- Median grant
- $1,283
- Total assets
- $676,426
- -1.1% vs 2023
- Primary geography
- Nebraska (100% 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 Lute Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Big Mac Sports Club ($11K). Together the top 6 received $17K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 28 grants of 32 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
How Lute Family Foundation Inc gives
- Giving fell 90% from 2021 to 2024. Method
- In 2024 it paid out 111% of 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 2020 to 2024, annual grant giving ranged from $14K (2023) to $180K (2021). In 2024 it made 6 grants totaling $17K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Big Mac Sports Club Ogallala, NE | Provide Funds for Community Support | $11,085 |
| Lied Center for Performing Arts Lincoln, NE | Provided Funds for Community Support | $3,295 |
| Rotary Club of Ogallala Ogallala, NE | Provide Funds for Community Support | $1,744 |
| St Lukes School Ogallala, NE | Provided Tickets for Raffle | $822 |
| North Platte Catholic Schools Endow North Platte, NE | Provide Tickets for a Raffle | $381 |
| University of Nebraska Foundation Lincoln, NE | Provide Funds for Student Engagement | $100 |
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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 | $676,426 | $57,084 | $65,594 | $17,427 | 6 | $44,737 | $46,925 | $40,281 |
| 2023 | $683,727 | $22,526 | $71,381 | $14,361 | 8 | $44,261 | $20,089 | $40,241 |
| 2022 | $707,690 | $74,241 | $191,596 | $110,022 | 7 | $150,930 | $70,554 | $37,527 |
| 2021 | $906,031 | $82,782 | $266,104 | $179,548 | 5 | $220,399 | $62,046 | $54,315 |
| 2020 | $1,084,081 | $51,908 | $160,782 | $79,870 | 6 | — | $51,908 | $57,921 |
Under IRS private-foundation payout rules, Lute Family Foundation Inc reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lute Family Foundation Inc's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
James Korth
Director
On filings since 2020
1 hr/week
No compensation reported
Kathy Lute
Director
On filings since 2020
1 hr/week
No compensation reported
Richard M. Bourque
Director & Man
Director & Manager → Director & Man, 2021
On filings since 2020
15 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Lute Family Foundation Inc
How much does Lute Family Foundation Inc give each year?
Lute Family Foundation Inc gave $17K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $14K across 8 grants.
What is Lute Family Foundation Inc's typical grant size?
Lute Family Foundation Inc's median grant in 2024 was $1,283, and its average grant was $2,905, across 6 grants on its 2024 IRS Form 990-PF.
Where does Lute Family Foundation Inc give grants?
Lute Family Foundation Inc gives mostly in Nebraska: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Ogallala, NE (3 grants) and Lincoln, NE (2 grants).
Does Lute Family Foundation Inc give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on Lute Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
Who are Lute Family Foundation Inc's largest grantees?
Lute Family Foundation Inc's largest 2024 grantees include Big Mac Sports Club ($11,085), Lied Center for Performing Arts ($3,295) and Rotary Club of Ogallala ($1,744), according to its 2024 IRS Form 990-PF. Together they received 93% of its itemized 2024 grant dollars.
How large is Lute Family Foundation Inc?
Lute Family Foundation Inc reported $676K in total assets on its 2024 IRS Form 990-PF. It paid out $45K in qualifying distributions that year, against a required minimum of $40K (roughly 5% of its investment assets).
What is Lute Family Foundation Inc?
Lute Family Foundation Inc is a private foundation focused on Recreation & Sports, based in Ogallala, NE. It holds $676K in total assets as of 2024.
What is Lute Family Foundation Inc's EIN?
Lute Family Foundation Inc's EIN (Employer Identification Number) is 47-0785813. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 16, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 3, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 22, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 5, 2025)
- IRS filings on file for fiscal years 2020–2024
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