Peter J King Family Foundation
The Peter J King Family Foundation is a private 501(c)(3) grantmaking foundation established in 1985 and headquartered in Golden Valley, Minnesota. The foundation provides funding to organizations dedicated to the improvement of children's health, education, and welfare, with a particular focus on "bricks and mortar" funding for capital projects.
Key facts about Peter J King Family Foundation
- EIN
- 26-1600569
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $6,185,490
- Grants made (2024)
- 24
- Average grant
- $257,729
- Median grant
- $18,500
- New grantees (estimate)
- 25% first-time grantees (6 of 24, 2024)
- Total assets
- $68,908,923
- Primary geography
- Minnesota (97% of itemized 2024 grant dollars)
- How to apply
- The foundation operates on a preselected basis only, indicating that grants are awarded to organizations identified by the foundation rather than through open application processes. 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 Peter J King Family Foundation funds
By grant dollars, the top recipient states for Peter J King Family Foundation's 24 itemized 2024 grants were Minnesota (97%). The most frequent recipient cities were Minneapolis, MN (8 grants), St Paul, MN (3 grants) and Rockford, MN (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is Peter J King Family Foundation open to new grantees?
25%
first-time grantees, 2024
In 2024, 6 of 24 grantees (25%) were first-time recipients. First grants averaged $528K; repeat grants $168K. How we count
Medians: $318K first-time, $11K repeat.
- 71% of 2024 grantees were also funded in 2023. Method
- Giving grew 54% from 2021 to 2024. Method
- In 2024 it paid out 136% of its IRS minimum distribution (the 5% rule). 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 Peter J King Family Foundation
- How to evaluate Peter J King Family Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Peter J King Family Foundation with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$68.9M
+7.1% YoY
Annual Giving
$6.2M
+191.8% YoY
Grant Count
24
+4.3% YoY
Avg Grant Size
$258K
+179.6% YoY
Under IRS private-foundation payout rules, Peter J King Family Foundation reported a distributable amount of $4.7M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's giving priorities include:
- Education (pre-school/elementary)
- Health (emergency medical services, health support services, health treatment facilities—primarily outpatient, hospitals and related primary medical care facilities)
- Human Services (children/youth services and family services)
- Youth Development (adult/child matching programs, multipurpose youth centers/clubs and youth development programs)
Grantmaking
Grant Range
$2,000–$1,308,000
How to Apply
**
Ready to take the next step with Peter J King Family Foundation?
Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Minnesota, Wisconsin, and Michigan, with particular activity in the Minneapolis-St. Paul area.
Grant Distribution by State
Share of all 24 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $68,908,923
- Total Revenue: $13,309,955
- Total Expenses: $8,755,668
- Total Liabilities: $0
- Investment Income and Dividends: $2,332,422
Tax Status: Tax-exempt since February 2008. EIN: 26-1600569
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $68,908,923 | $64,354,636 | $65,434,401 |
| Revenue | $13,309,955 | $3,234,035 | $2,415,430 |
| Expenses | $8,755,668 | $4,313,800 | $4,907,140 |
| Qualifying Distributions | $6,440,325 | $2,345,488 | $2,399,968 |
| Net Investment Income | $11,168,804 | $1,287,795 | $410,779 |
| Distributable Amount | $4,721,345 | $4,219,326 | $4,280,502 |
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
126 grants across all recorded years
Open Grants
1 open opportunity from Peter J King Family Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Hope Academy ($1,308,000), Every Meal ($1,200,000), YMCA of the North ($1,115,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HOPE ACADEMY Minneapolis, MN | GENERAL PURPOSE | $1,308,000 |
| EVERY MEAL Roseville, MN | GENERAL PURPOSE | $1,200,000 |
| YMCA OF THE NORTH Minneapolis, MN | GENERAL PURPOSE | $1,115,000 |
| BIG BROTHERS BIG SISTERS TWINS CITIES Minneapolis, MN | GENERAL PURPOSE | $640,000 |
| BELWIN CONSERVANCY Afton, MN | GENERAL PURPOSE | $535,490 |
| PROJECT SUCCESS Minneapolis, MN | GENERAL PURPOSE | $520,000 |
| SHOULDER TO SHOULDER Eagan, MN | GENERAL PURPOSE | $350,000 |
| GENERAL ASSISTANCE INC Southfield, MI | GENERAL PURPOSE | $200,000 |
| GLOBAL VOLUNTEERS Little Canada, MN | GENERAL PURPOSE | $103,000 |
| CONSTELLATION FUND Minneapolis, MN | GENERAL PURPOSE | $100,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Russell S. King – President
- Stephen D. Higgins – Secretary
- James C. Teal – Director
- James A. Weichert – Director
- Eric L. Fotsch – Director
The foundation operates with limited paid staffing, relying primarily on volunteer board leadership.
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Russell S King | President | 6 | — |
| Stephen D Higgins | Secretary | 2 | — |
| James C Teal | Director | 1 | $4,000 |
| James a Weichert | Director | 1 | $4,000 |
| Eric L Fotsch | Director | 1 | $4,000 |
Contact Information
Address: 701 Xenia Avenue South, Suite 130 Golden Valley, MN 55416-3594
Phone: (612) 884-0270
Website: pjkingfamilyfoundation.org
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Peter J King Family Foundation fund?
The foundation's giving priorities include: • **Education** (pre-school/elementary) • **Health** (emergency medical services, health support services, health treatment facilities—primarily outpatient, hospitals and related primary medical care facilities) • **Human Services** (children/youth services and family services) • **Youth Development** (adult/child matching programs, multipurpose youth centers/clubs and youth development programs)
How do I apply for a grant from Peter J King Family Foundation?
The foundation operates on a preselected basis only, indicating that grants are awarded to organizations identified by the foundation rather than through open application processes. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Peter J King Family Foundation make grants?
The foundation primarily supports organizations in Minnesota, Wisconsin, and Michigan, with particular activity in the Minneapolis-St. Paul area.
What size grants does Peter J King Family Foundation award?
In 2024, Peter J King Family Foundation awarded 24 grants totaling $6.2M — an average of about $258K per grant, based on its IRS Form 990 filings.
How much is Peter J King Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Peter J King Family Foundation reported a distributable amount of $4.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Peter J King Family Foundation's EIN?
Peter J King Family Foundation's EIN (Employer Identification Number) is 26-1600569. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Peter J King Family Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Richard M Schulze Family Foundation
Minneapolis, MN
Assets
—
Grants
1,431
Total Given
$47.9M
The Minneapolis Foundation
Minneapolis, MN
Assets
$1.2B
Grants
1,565
Total Given
$121.7M
Otto Bremer Trust
St Paul, MN
Assets
—
Grants
883
Total Given
$68.5M
Saint Paul & Minnesota Foundation
St Paul, MN
Assets
$1.6B
Grants
1,445
Total Given
$192.6M
Pohlad Family Foundation
Minneapolis, MN
Assets
—
Grants
372
Total Given
$14.1M
The Walser Foundation
Bloomington, MN
Assets
$12.2M
Grants
189
Total Given
$1.4M
Xcel Energy Foundation
Minneapolis, MN
Assets
—
Grants
1,820
Total Given
$7.7M
C K Blandin Foundation
Grand Rapids, MN
Assets
—
Grants
931
Total Given
$15.8M
Land O'Lakes Foundation
St Paul, MN
Assets
—
Grants
868
Total Given
$5.8M
The McKnight Foundation
Minneapolis, MN
Assets
—
Grants
790
Total Given
$145.9M
Marshall H and Nellie Alworth
Duluth, MN
Assets
—
Grants
566
Total Given
$1.5M
Catholic Community Foundation
St Paul, MN
Assets
$751.7M
Grants
504
Total Given
$43.9M
More Funders in Minnesota
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.