Mitch Thune Memorial Foundation IN

Foundation · Grantmaker Le Sueur, MN EIN: 87-1443632

Mitch Thune Memorial Foundation IN is a private foundation, based in Le Sueur, MN. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $62K in total assets. In 2024, it awarded 3 grants totaling $8K.

Key facts about Mitch Thune Memorial Foundation IN

EIN: 87-1443632
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $8,156
Grants made (2024): 3
Average grant: $2,719
Median grant: $2,156
Total assets: $61,948
Primary geography: Minnesota (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Mitch Thune Memorial Foundation IN funds

By grant dollars, the top recipient states for Mitch Thune Memorial Foundation IN's 3 itemized 2024 grants were Minnesota (100%). The most frequent recipient cities were Le Sueur, MN (2 grants). None of its 3 grants with a stated purpose were described as general or operating support.

How Mitch Thune Memorial Foundation IN gives

In 2024 it paid out 458% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$62K

+12.3% YoY

Annual Giving

$8K

-3.0% YoY

Grant Count

-40.0% YoY

Avg Grant Size

$3K

+61.6% YoY

Under IRS private-foundation payout rules, Mitch Thune Memorial Foundation IN reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.

About Mitch Thune Memorial Foundation IN

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Minnesota $8K (100%)

Share of all 3 itemized 2024 grant dollars.

States

Colorado Minnesota

Cities

Le SueurMinneapolisSt JosephBrooklyn ParkCollegevilleHendersonMonument

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$61,948	$55,153	$40,780
Revenue	$37,854	$46,419	$51,780
Expenses	$31,059	$32,046	$51,056
Qualifying Distributions	$8,156	$8,410	$24,685
Net Investment Income	—	—	—
Distributable Amount	$1,779	$1,002	—

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2022–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 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 recipients include Sju Rugby ($5,000), Isd 2397 - LSH Sports ($2,156), Dollars for Scholars ($1,000).

Recipient	Purpose	Amount
SJU RUGBY St Joseph, MN	DONATION	$5,000
ISD 2397 - LSH SPORTS Le Sueur, MN	DONATION	$2,156
DOLLARS FOR SCHOLARS Le Sueur, MN	SCHOLARSHIP	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Kent Thune	Director	—	—
Kathy Thune	Director	—	—
Daniel Fahning	Director	—	—
Amy Melby	Director	—	—
Matthew Thune	Director	—	—

Frequently Asked Questions

How large is Mitch Thune Memorial Foundation IN?

As of 2024, Mitch Thune Memorial Foundation IN holds $62K in total assets with $38K in annual revenue. It awarded 3 grants totaling $8K in 2024.

Where does Mitch Thune Memorial Foundation IN operate?

Mitch Thune Memorial Foundation IN has awarded grants in Colorado, Minnesota.

What size grants does Mitch Thune Memorial Foundation IN award?

In 2024, Mitch Thune Memorial Foundation IN awarded 3 grants totaling $8K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Mitch Thune Memorial Foundation IN required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mitch Thune Memorial Foundation IN reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Mitch Thune Memorial Foundation IN's EIN?

Mitch Thune Memorial Foundation IN's EIN (Employer Identification Number) is 87-1443632. IRS Form 990 filing data is available on this page for 2022–2024.