The Lundeen Foundation
The Lundeen Foundation is a private foundation focused on Arts and culture, based in Fergus Falls, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.5M in total assets. In 2025, it awarded 1 grant totaling $154K. Net investment income was $96K.
The Lundeen Foundation at a glance
In short: The Lundeen Foundation gave $154K across 1 grant in 2025 (avg $154K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $153,500
- +12.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $153,500
- +12.0% vs 2024
- Median grant
- $153,500
- Total assets
- $3,519,188
- +11.5% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Lundeen Foundation funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How The Lundeen Foundation gives
- Giving grew 58% from 2022 to 2025. Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $97K (2022) to $154K (2025). In 2025 it made 1 grant totaling $154K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached List See List, MN | See List | $153,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,519,188 | $101,941 | $159,798 | $153,500 | 1 | $153,500 | $96,270 | $163,035 |
| 2024 | $3,155,850 | $45,440 | $153,121 | $137,000 | 1 | $137,000 | $51,962 | $143,391 |
| 2023 | $2,696,433 | $61,729 | $125,684 | $124,500 | 1 | $124,500 | $61,204 | $122,023 |
| 2022 | $2,293,384 | $83,559 | $99,946 | $97,000 | 1 | $97,000 | $83,044 | $127,251 |
| 2021 | $2,921,036 | $118,880 | $113,925 | $113,000 | 1 | $113,000 | $118,386 | $130,888 |
| 2020 | $2,461,040 | $69,442 | $129,443 | $115,900 | 1 | — | $63,710 | $116,536 |
| 2019 | $2,307,377 | $70,161 | $124,928 | $122,900 | 33 | — | $69,286 | $105,586 |
Under IRS private-foundation payout rules, The Lundeen Foundation reported a distributable amount of $163K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Lundeen Foundation is led by Paul Lundeen, Chairman on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Paul Lundeen
Chairman
On filings since 2019
$5K (2020) → $0 (2025)
E. Daniel Lundeen II
Trustee
On filings since 2019
No compensation reported
Mary Lundeen
Trustee
On filings since 2019
No compensation reported
Victor Lundeen Jr.
Trustee
On filings since 2019
No compensation reported
Former officers (1)
- Former: David Lundeen (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
No officer or director reported compensation in the available filings.
Frequently asked questions about The Lundeen Foundation
How much does The Lundeen Foundation give each year?
The Lundeen Foundation gave $154K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $137K across 1 grant.
How large is The Lundeen Foundation?
The Lundeen Foundation reported $3.5M in total assets on its 2025 IRS Form 990-PF. It paid out $154K in qualifying distributions that year, against a required minimum of $163K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Lundeen Foundation?
The Lundeen Foundation is a private foundation focused on Arts and culture, based in Fergus Falls, MN. It holds $3.5M in total assets as of 2025.
Where does The Lundeen Foundation operate?
The Lundeen Foundation has awarded grants in Minnesota, North Dakota.
What is The Lundeen Foundation's EIN?
The Lundeen Foundation's EIN (Employer Identification Number) is 41-1321858. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS February 6, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 3, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 6, 2026)
- IRS filings on file for fiscal years 2019–2025
Live grants for the work The Lundeen Foundation funds
Health Open opportunities, soonest deadline first.
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Browse active grant opportunities in The Lundeen Foundation's focus areas in our free grants database
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