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Michael J And Karen B Frey Foundation is a private corporation based in WAYZATA, MN. The foundation received its IRS ruling in 2004. The principal officer is Michael Frey. It holds total assets of $2.7M. Annual income is reported at $819K. Total assets have decreased from $6.1M in 2011 to $2.7M in 2024. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. The foundation primarily funds organizations in Minnesota and Wyoming. According to available records, Michael J And Karen B Frey Foundation has made 96 grants totaling $2.1M, with a median grant of $5K. The foundation has distributed between $503K and $1.1M annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $1.1M distributed across 48 grants. Individual grants have ranged from $100 to $250K, with an average award of $22K. The foundation has supported 54 unique organizations. The foundation primarily supports organizations in Minnesota, Wyoming, Virginia, which account for 88% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$200
Median Grant
$8K
Average Grant
$22K
Largest Grant
$145K
Based on 26 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Michael J And Karen B Frey Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 96 grants. Its grantmaking reaches organizations primarily in MN, WY, VA.
Michael J And Karen B Frey Foundation has distributed a total of $2.1M across 96 grants. The median grant size is $5K, with an average of $22K. Individual grants have ranged from $100 to $250K.
Michael J And Karen B Frey Foundation typically selects its grantees rather than accepting unsolicited proposals.
Michael J And Karen B Frey Foundation is headquartered in WAYZATA, MN. While based in MN, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| David J Frey | DIRECTOR | $0 | $0 | N/A |
| Michael J Frey | TREASURER/PRESIDENT | $0 | $0 | N/A |
| Sara J Frey | DIRECTOR | $0 | $0 | N/A |
| Michael B Frey | DIRECTOR | $0 | $0 | N/A |
| Karen B Frey | SECRETARY/DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$2.7M
Fair Market Value
N/A
Net Worth
$2.7M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
96
Total Giving
$2.1M
Average Grant
$22K
Median Grant
$5K
Unique Recipients
54
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Friends Of EducationGENERAL | Wayzata, MN | $150K | 2023 |
| Providence AcademyGENERAL | Plymouth, MN | $100K | 2023 |
| UmlcGENERAL | Minnetonka, MN | $50K | 2023 |
| Crook County School DistrictGENERAL | Sundance, WY | $42K | 2023 |
| Institute For JusticeGENERAL | Arlington, VA | $25K | 2023 |
| Alpha NewsGENERAL | Minnetonka, MN | $25K | 2023 |
| Minnesota Voters AllianceGENERAL | St Paul, MN | $25K | 2023 |
| Weston County FireGENERAL | Newcastle, WY | $25K | 2023 |
| Center For American ExperimentGENERAL | Golden Valley, MN | $20K | 2023 |
| PerspectivesGENERAL | Chicago, IL | $15K | 2023 |
| Saint Paul & Minnesota FoundationGIVING WOMN COMMUNITY FUND | Saint Paul, MN | $10K | 2023 |
| Crook County Rodeo RoyaltyGENERAL | Sundance, WY | $7K | 2023 |
| Saint Bartholomew Of WayzataGENERAL | Wayzata, MN | $3K | 2023 |
| Crook County Search And RescueGENERAL | Sundance, WY | $2K | 2023 |
| Wiki MediaGENERAL | Washington, DC | $1K | 2023 |
| Camp Brother BearGENERAL | Ashland, WI | $1K | 2023 |
| Como FriendsGENERAL | Saint Paul, MN | $1K | 2023 |
| St Mary'S Of The LakeGENERAL | Lake City, MN | $500 | 2023 |
| Alzheimer'S AssociationGENERAL | Rochester, MN | $500 | 2023 |
| Colorado Association For Behavior And AnalysisGENERAL | Golden, CO | $500 | 2023 |
| Wayzata Yacht ClubGENERAL | Wayzata, MN | $500 | 2023 |
| Wayzata Fire DepartmentGENERAL | Wayzata, MN | $200 | 2023 |
| Upper Midwest Law CenterGENERAL | Golden Valley, MN | $50K | 2022 |
| Crook CountyFIRE FUND | Sundance, WY | $25K | 2022 |
| Weston County Fire Protection DistrictGENERAL | Newcastle, WY | $25K | 2022 |
| Mn Voters AllianceGENERAL | St Paul, MN | $25K | 2022 |
| Basilica Of Saint MaryGENERAL | Minneapolis, MN | $6K | 2022 |
| Rein In SarcomaGENERAL | Fridley, MN | $5K | 2022 |
| St John Baptist Catholic ParishGENERAL | Excelsior, MN | $1K | 2022 |