Private Foundation

MICHAEL J & KAREN B FREY FOUNDATION

MICHAEL J & KAREN B FREY FOUNDATION, of WAYZATA, MN, is a Private Foundation tracked in Imperigo's IRS 990 database. The 2025 filing shows $2.0M in revenue, $771K in expenses, $3.9M in total assets. IRS filings disclose 169 grants awarded by this foundation, totaling roughly $3.4M.

EIN: 753140739 WAYZATA, MN Private Independent Foundations NTEE: T22 Latest filing: 2025
Total Revenue$2.0M
Total Expenses$771K
Total Assets$3.9M
Grants Given169
Grant Total$3.4M
Filing Years2020–2025

Before you apply to Michael J & Karen B Frey Foundation

Preselected only Doesn't accept unsolicited requests for funds, per its 2025 Form 990-PF.

Often funds new orgs 57% of recent recipients were first-time grantees (2023–2025).

Who to contact, what to include, deadlines, typical grant size and geographic focus are available with membership.

Sample Grants Given

FRIENDS OF EDUCATION
MINNETONKA, MN · 2025
GENERAL SUPPORT
$250,000
UPPER MIDWEST LAW CENTER
MINNETONKA, MN · 2025
GENERAL SUPPORT
$100,000
PROVIDENCE ACADEMY
PLYMOUTH, MN · 2025
GENERAL SUPPORT
$70,000
MINNESOTA VOTERS ALLIANCE
ST PAUL, MN · 2025
GENERAL SUPPORT
$50,000
CENTER OF THE AMERICAN EXPERIMENT
MINNETONKA, MN · 2025
GENERAL SUPPORT
$50,000

Showing up to 5 of 169 total records — full history available with membership.

Officers & Directors

DIRECTOR David J Frey
SECRETARY/DIRECTOR Karen B Frey
DIRECTOR Michael B Frey
TREASURER/PRESIDENT Michael J Frey
DIRECTOR Sara J Frey

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$3,346,137 162 grants
Education
$5,500 3 grants
Environment & Conservation
$750 1 grant
Unspecified
$43,000 3 grants

Financial Trends

Year Revenue Expenses Assets
2025 $2.0M $771K $3.9M
2024 $679K $673K $2.7M
2023 $536K $521K $2.7M
2022 $522K $532K $2.7M
2020 $7K $480K $3.3M

Between 2020 and 2025, reported annual revenue grew from $7K to $2.0M (+29107%), with total assets most recently reported at $3.9M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in CA, CO, DC, GA, ID, IL, and 4 other states.

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Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for MICHAEL J & KAREN B FREY FOUNDATION

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