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.
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
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.
Grant Range
$2,000–$1,308,000
How to Apply
**
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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
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 |
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 include Hope Academy ($1,308,000), Every Meal ($1,200,000), Ymca of the North ($1,115,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 180 DEGRESS INC ST PAUL, MN | GENERAL PURPOSE | $5,000 |
| BIG BROTHERS BIG SISTERS TWINS CITIES MINNEAPOLIS, MN | GENERAL PURPOSE | $640,000 |
| CHRISTIAN CROSS MINISTRIES CAMBRIDGE, MN | GENERAL PURPOSE | $12,500 |
| GLOBAL VOLUNTEERS LITTLE CANADA, MN | GENERAL PURPOSE | $103,000 |
| MOBILE HOPE CORCORAN, MN | GENERAL PURPOSE | $4,500 |
| NEIGHBORS INC SOUTH ST PAUL, MN | GENERAL PURPOSE | $2,000 |
| NORTHEAST YOUTH AND FAMILY SERVICE SHOREVIEW, MN | GENERAL PURPOSE | $2,000 |
| PROJECT SUCCESS MINNEAPOLIS, MN | GENERAL PURPOSE | $520,000 |
| RIVERWORKS COMMUNITY DEVELOPMENT ROCKFORD, MN | GENERAL PURPOSE | $17,000 |
| ROCKFORD AREA BREAKFAST CLUB ROCKFORD, MN | GENERAL PURPOSE | $2,000 |
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 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?
**Grant Activity:** • Total giving in 2024: $6,185,490 • Median grant amount: $19,000 • Grant range: $2,000–$1,308,000 • Number of grants (2024): 24 grants **Recent Grantees (2024):** • Hope Academy: $1,308,000 • Every Meal: $1,200,000 • Big Brothers Big Sisters of the Greater Twin Cities: $640,000 **Application Process:** The foundation operates on a preselected basis only, indicating that grants are awarded to organizations identified by the foundation rather than through open application pro…
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
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.