The King and I Foundation
The King and I Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Excelsior, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $153K in total assets. In 2024, it awarded 3 grants totaling $67K. Net investment income was $1K.
Key facts about The King and I Foundation
- EIN
- 04-3781316
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $67,000
- Grants made (2024)
- 3
- Average grant
- $22,333
- Median grant
- $30,000
- Total assets
- $153,118
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The King and I Foundation funds
By grant dollars, the top recipient states for The King and I Foundation's 3 itemized 2024 grants were Minnesota (100%). 100% of grants with a stated purpose were for general or operating support.
How The King and I Foundation gives
- Giving grew 54% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The King and I Foundation
- How to evaluate The King and I Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$153K
-30.1% YoY
Annual Giving
$67K
+42.3% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$22K
+42.3% YoY
Under IRS private-foundation payout rules, The King and I Foundation reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
About The King and I Foundation
Based on IRS filings
The King and I Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Excelsior, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $153K in total assets. In 2024, it awarded 3 grants totaling $67K. Net investment income was $1K.
Focus Areas
Ready to take the next step with The King and I Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $153,118 | $218,926 | $252,759 |
| Revenue | $1,373 | $13,432 | $25,713 |
| Expenses | $67,181 | $47,265 | $50,443 |
| Qualifying Distributions | $67,025 | $47,254 | $50,427 |
| Net Investment Income | $1,358 | $2,416 | $825 |
| Distributable Amount | $6,522 | $11,626 | $13,485 |
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 3 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include People Who Care ($36,000), TJ Family Fund ($30,000), Spiritual Life Church ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PEOPLE WHO CARE Blaine, MN | OPERATING | $36,000 |
| TJ FAMILY FUND Minnetonka, MN | OPERATING | $30,000 |
| SPIRITUAL LIFE CHURCH Brooklyn Center, MN | OPERATING | $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 |
|---|---|---|---|
| Stephen M Polston | President | 1 | — |
| Jean M Polston | Secretary | 1 | — |
| Kelly J Bollinger | Director | 1 | — |
| Jessica E Davis | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The King and I Foundation?
The King and I Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Excelsior, MN. It holds $153K in total assets as of 2024.
How large is The King and I Foundation?
As of 2024, The King and I Foundation holds $153K in total assets with $1K in annual revenue. It awarded 3 grants totaling $67K in 2024.
Where does The King and I Foundation operate?
The King and I Foundation has awarded grants in California, Florida, Minnesota, Missouri, Texas, Wisconsin.
What size grants does The King and I Foundation award?
In 2024, The King and I Foundation awarded 3 grants totaling $67K — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is The King and I Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The King and I Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The King and I Foundation's EIN?
The King and I Foundation's EIN (Employer Identification Number) is 04-3781316. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.