Milton and Dorothy Fricke is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKEFIELD, MN. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 4 grants totaling $213K. Net investment income was $36K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
-13.1% YoY
Annual Giving
$213K
+168.8% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$53K
+101.6% YoY
Under IRS private-foundation payout rules, Milton and Dorothy Fricke reported a distributable amount of $87K for 2024 — the minimum it must pay out in qualifying distributions.
About Milton and Dorothy Fricke
Based on IRS filings
Milton and Dorothy Fricke is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKEFIELD, MN. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 4 grants totaling $213K. Net investment income was $36K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,167,946 | $1,343,999 | $1,378,553 |
| Revenue | $61,868 | $66,688 | $-18,583 |
| Expenses | $237,921 | $101,242 | $125,040 |
| Qualifying Distributions | $213,398 | $79,402 | $125,000 |
| Net Investment Income | $35,945 | $44,848 | $1,068 |
| Distributable Amount | $87,145 | $76,487 | $48,328 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Immanuel Lutheran Church ($65,765), Immanuel Lutheran Church ($62,633), Immanuel Lutheran Church ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| IMMANUEL LUTHERAN SCHOOL LAKEFIELD, MN | HVAC / FURNACES | $25,000 |
| IMMANUEL LUTHERAN CHURCH LAKEFIELD, MN | BUILDING FUND | $62,633 |
| IMMANUEL LUTHERAN CHURCH LAKEFIELD, MN | BUILDING FUND | $65,765 |
| IMMANUEL LUTHERAN CHURCH POWELL, WY | ORGAN PLUS SPEAKERS | $60,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL RENTSCHLER | TRUSTEE | — | — |
| MARK RHODE | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Milton and Dorothy Fricke?
Milton and Dorothy Fricke is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKEFIELD, MN. It holds $1.2M in total assets as of 2024.
How large is Milton and Dorothy Fricke?
As of 2024, Milton and Dorothy Fricke holds $1.2M in total assets with $62K in annual revenue. It awarded 4 grants totaling $213K in 2024.
Where does Milton and Dorothy Fricke operate?
Milton and Dorothy Fricke has awarded grants in Minnesota, Wyoming.
What size grants does Milton and Dorothy Fricke award?
In 2024, Milton and Dorothy Fricke awarded 4 grants totaling $213K — an average of about $53K per grant, based on its IRS Form 990 filings.
How much is Milton and Dorothy Fricke required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Milton and Dorothy Fricke reported a distributable amount of $87K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Milton and Dorothy Fricke's EIN?
Milton and Dorothy Fricke's EIN (Employer Identification Number) is 88-1932603. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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