William O Lund Jr And Natalie C Lund Charitable Foundation

Minneapolis, MN
Tax-exempt since Aug. 2007
EIN: 20-2539936

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$542k (2024)

Expenses

$505k (2024)

Total Assets

$6.78M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$542,137

Expenses

$505,173

Net Income

$36,964

Net Assets

$6,781,962

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$243,780	45.0%
Sales of Assets	$295,529	54.5%
Other Income	$2,828	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$428,962	84.9%
Compensation of Officers*	$120,000	23.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,781,962
Total Liabilities	$0
Net Assets	$6,781,962

Compensation

Key Employees and Officers	Compensation	Other
Gene C Olson (Trustee)	$60,000	$0
Andrea S Breckner (Trustee)	$60,000	$0

990-PF

Filed on May 13, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2023

Revenue

$400,559

Expenses

$513,386

Net Income

-$112,827

Net Assets

$6,744,998

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$204,413	51.0%
Sales of Assets	$195,695	48.9%
Other Income	$451	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$396,071	77.1%
Compensation of Officers*	$79,001	15.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,744,998
Total Liabilities	$0
Net Assets	$6,744,998

Compensation

Key Employees and Officers	Compensation	Other
Gene C Olson (Trustee)	$50,000	$0
Union Bank Trust Thru 1023 (Trustee)	$29,001	$0

990-PF

Filed on April 19, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$1,606,216

Expenses

$562,723

Net Income

$1,043,493

Net Assets

$6,857,825

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$195,663	12.2%
Sales of Assets	$1,410,326	87.8%
Other Income	$227	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$457,773	81.3%
Compensation of Officers*	$82,708	14.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,857,825
Total Liabilities	$0
Net Assets	$6,857,825

Compensation

Key Employees and Officers	Compensation	Other
Gene C Olson (Trustee)	$50,000	$0
Union Bank Trust (Trustee)	$32,708	$0

990-PF

Filed on Aug. 3, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2021

Revenue

$545,251

Expenses

$490,331

Net Income

$54,920

Net Assets

$5,814,332

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$141,673	26.0%
Sales of Assets	$403,569	74.0%
Other Income	$9	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$407,283	83.1%
Compensation of Officers*	$82,258	16.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,814,332
Total Liabilities	$0
Net Assets	$5,814,332

Compensation

Key Employees and Officers	Compensation	Other
Gene C Olson (Trustee)	$50,000	$0
Union Bank Trust (Trustee)	$32,258	$0

990-PF

Filed on Sept. 12, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$257,806

Expenses

$467,174

Net Income

-$209,368

Net Assets

$5,758,944

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$136,450	52.9%
Sales of Assets	$121,256	47.0%
Other Income	$100	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$333,919	71.5%
Compensation of Officers*	$50,000	10.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,758,945
Total Liabilities	$1
Net Assets	$5,758,944

Compensation

Key Employees and Officers	Compensation	Other
Union Bank Trust (Trustee)	$98,111	$0
Gene C Olson (Trustee)	$50,000	$0

990-PF

Filed on Nov. 11, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2019

Revenue

$381,967

Expenses

$421,872

Net Income

-$39,905

Net Assets

$5,967,208

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$186,080	48.7%
Sales of Assets	$195,606	51.2%
Other Income	$281	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$305,813	72.5%
Compensation of Officers*	$50,000	11.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,967,209
Total Liabilities	$1
Net Assets	$5,967,208

Compensation

Key Employees and Officers	Compensation	Other
Gene C Olson (Trustee)	$0	$0
Union Bank Trust (Trustee)	$0	$0

990-PF

Filed on Nov. 16, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$409,043

Expenses

$528,866

Net Income

-$119,823

Net Assets

$6,007,114

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$163,220	39.9%
Sales of Assets	$245,701	60.1%
Other Income	$122	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$401,993	76.0%
Compensation of Officers*	$50,000	9.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,007,114
Total Liabilities	$0
Net Assets	$6,007,114

Compensation

Key Employees and Officers	Compensation	Other
Gene C Olson (Trustee)	$0	$0
Union Bank Trust (Trustee)	$0	$0

990-PF

Filed on Nov. 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$353,070

Expenses

$516,864

Net Income

-$163,794

Net Assets

$6,126,937

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$152,919	43.3%
Sales of Assets	$199,191	56.4%
Other Income	$960	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$396,944	76.8%
Compensation of Officers*	$50,000	9.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,126,937
Total Liabilities	$0
Net Assets	$6,126,937

Compensation

Key Employees and Officers	Compensation	Other
Gene C Olson (Trustee)	$50,000	$0
Union Bank Trust (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$303,627

Expenses

$511,830

Net Income

-$208,203

Net Assets

$6,284,472

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$156,077	51.4%
Sales of Assets	$145,658	48.0%
Other Income	$1,892	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$387,125	75.6%
Compensation of Officers*	$50,000	9.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,284,472
Total Liabilities	$0
Net Assets	$6,284,472

Compensation

Key Employees and Officers	Compensation	Other
Gene C Olson (Trustee)	$50,000	$0
Union Bank Trust (Trustee)	$0	$0

990-PF

Filed on Dec. 5, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$400,619

Expenses

$524,653

Net Income

-$124,034

Net Assets

$6,492,675

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$76	0.0%
Dividends	$146,092	36.5%
Sales of Assets	$254,451	63.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$377,025	71.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,492,675
Total Liabilities	$0
Net Assets	$6,492,675

Compensation

Key Employees and Officers	Compensation	Other
Gene C Olson (Trustee)	$0	$0
Union Bank Trust (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$546,742

Expenses

$570,624

Net Income

-$23,882

Net Assets

$6,616,709

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$21	0.0%
Dividends	$160,928	29.4%
Sales of Assets	$380,233	69.5%
Other Income	$5,560	1.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$400,025	70.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,616,709
Total Liabilities	$0
Net Assets	$6,616,709

Compensation

Key Employees and Officers	Compensation	Other
Gene C Olson (Trustee)	$0	$0
Union Bank Trust (Trustee)	$0	$0

990-PF

Filed on Aug. 14, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$572,343

Expenses

$419,863

Net Income

$152,480

Net Assets

$6,640,591

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$46	0.0%
Dividends	$150,955	26.4%
Sales of Assets	$421,342	73.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$277,954	66.2%
Compensation of Officers*	$50,500	12.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,640,591
Total Liabilities	$0
Net Assets	$6,640,591

Compensation

Key Employees and Officers	Compensation	Other
Gene C Olson (Trustee)	$50,000	$0
Union Bank Trust (Trustee)	$500	$0

990-PF

Filed on May 14, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$270,531

Expenses

$233,501

Net Income

$37,030

Net Assets

$6,488,111

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6	0.0%
Dividends	$194,291	71.8%
Sales of Assets	$75,446	27.9%
Other Income	$788	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$97,279	41.7%
Compensation of Officers*	$50,000	21.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,488,111
Total Liabilities	$0
Net Assets	$6,488,111

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$270,258

Expenses

$178,673

Net Income

$91,585

Net Assets

$6,450,941

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$196,362	72.7%
Sales of Assets	$73,896	27.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$20,745	11.6%
Compensation of Officers*	$50,000	28.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,872,310
Total Liabilities	$1,421,369
Net Assets	$6,450,941

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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William O Lund Jr And Natalie C Lund Charitable Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $542k (2024)

Expenses $505k (2024)

Total Assets $6.78M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$542k (2024)

Expenses

$505k (2024)

Total Assets

$6.78M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007