William O Lund Jr and Natalie C Lund
William O Lund Jr and Natalie C Lund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Minneapolis, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $6.6M in total assets. In 2025, it awarded 6 grants totaling $300K. Net investment income was $200K.
Key facts about William O Lund Jr and Natalie C Lund
In short: William O Lund Jr and Natalie C Lund gave $300K across 6 grants in 2025 (avg $50K), mostly in North Dakota. Source: 2025 IRS Form 990-PF.
- EIN
- 20-2539936
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $300,000
- Grants made (2025)
- 6
- Average grant
- $50,000
- Median grant
- $15,000
- Total assets
- $6,576,393
- Primary geography
- North Dakota (57% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$6.6M
-3.0% YoY
Annual Giving
$300K
-7.7% YoY
Grant Count
6
-14.3% YoY
Avg Grant Size
$50K
+7.7% YoY
Under IRS private-foundation payout rules, William O Lund Jr and Natalie C Lund reported a distributable amount of $423K for 2025 — the minimum it must pay out in qualifying distributions.
How William O Lund Jr and Natalie C Lund gives
- Giving fell 23% from 2022 to 2025. Method
- In 2025 it paid out 95% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 6 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
Grant Size Distribution
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| DELTA WATERFOWL FOUNDATION Bismarck, ND | CONSERVE WATERFOWL | $170,000 |
| MAYO CLINIC Rochester, MN | HEALTH CARE SERVICES | $80,000 |
| MINNESOTA ADULT & TEEN CHALLENGE Minneapolis, MN | ADDICTION SERVICES | $15,000 |
| MINNESOTA ASSISTANCE COUNCIL FOR VETERANS Saint Paul, MN | VETERAN HOUSING SERVICES | $15,000 |
| ALLIANCE DEFENDING FREEDOM Scottsdale, AZ | ADVOCATE RELIGIOUS FREEDOM | $10,000 |
| SECOND HARVEST HEARTLAND Brooklyn Park, MN | HUNGER-RELIEF SERVICES | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $6,576,393 | $6,781,962 | $6,744,998 |
| Revenue | $283,405 | $542,137 | $400,559 |
| Expenses | $488,974 | $505,173 | $513,386 |
| Qualifying Distributions | $404,356 | $428,962 | $396,071 |
| Net Investment Income | $200,487 | $465,926 | $315,713 |
| Distributable Amount | $423,490 | $399,680 | $375,310 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 3, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 19, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 11, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
William O Lund Jr and Natalie C Lund's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
Gene C. Olson
Trustee
On filings since 2020
15 hrs/week
$50K (2020) → $60K (2025)
Andrea S. Breckner
Trustee
On filings since 2024
15 hrs/week
$60K (2024) → $60K (2025)
Former officers (1)
- Former: Union Bank Trust (2020–2023) — Trustee · Filing note: Thru 10/2023
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
Frequently asked questions about William O Lund Jr and Natalie C Lund
How much does William O Lund Jr and Natalie C Lund give each year?
William O Lund Jr and Natalie C Lund gave $300K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $325K across 7 grants.
What is William O Lund Jr and Natalie C Lund's typical grant size?
William O Lund Jr and Natalie C Lund's median grant in 2025 was $15,000, and its average grant was $50,000, across 6 grants on its 2025 IRS Form 990-PF.
Where does William O Lund Jr and Natalie C Lund give grants?
William O Lund Jr and Natalie C Lund gives mostly in North Dakota: 57% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Minnesota (40%).
Does William O Lund Jr and Natalie C Lund give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on William O Lund Jr and Natalie C Lund's 2025 IRS Form 990-PF were described as general or operating support.
Who are William O Lund Jr and Natalie C Lund's largest grantees?
William O Lund Jr and Natalie C Lund's largest 2025 grantees include Delta Waterfowl Foundation ($170,000), Mayo Clinic ($80,000) and Minnesota Adult & Teen Challenge ($15,000), according to its 2025 IRS Form 990-PF. Together they received 88% of its itemized 2025 grant dollars.
How large is William O Lund Jr and Natalie C Lund?
William O Lund Jr and Natalie C Lund reported $6.6M in total assets on its 2025 IRS Form 990-PF. It paid out $404K in qualifying distributions that year, against a required minimum of $423K (roughly 5% of its investment assets).
What is William O Lund Jr and Natalie C Lund?
William O Lund Jr and Natalie C Lund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Minneapolis, MN. It holds $6.6M in total assets as of 2025.
What is William O Lund Jr and Natalie C Lund's EIN?
William O Lund Jr and Natalie C Lund's EIN (Employer Identification Number) is 20-2539936. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching William O Lund Jr and Natalie C Lund by hand.
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