Donna M Rasmussen Irrv Trust Fbo Dow Rummel Village

### Do Not Approach — This Is a Closed Trust

The Donna M Rasmussen Irrevocable Trust FBO Dow Rummel Village is a single-beneficiary "For Benefit Of" (FBO) charitable trust. The trust instrument legally designates Dow Rummel Village (a senior life-plan community in Sioux Falls, SD) as the sole charitable recipient of all distributions. No other nonprofit is eligible to receive funds from this trust, regardless of mission alignment, geography, or proposal quality.

Strategic implication for grantseekers: Do not invest time pursuing this funder. Searching, calling the trustee, or sending a letter of inquiry will yield no result — the trustee has no legal discretion to redirect distributions to outside organizations. This trust appears in IRS Business Master File data because it is a registered 501(c)(3) private non-operating foundation (NTEE T20), but functionally it is a perpetual endowment for a single beneficiary, not an open grantmaker.

For Dow Rummel Village itself: The trust represents a meaningful (~$80K/year) recurring revenue stream that scales with the trust's investment performance (corpus ≈ $2.2M, generating ~$95K in investment income in 2024). Dow Rummel's development office should maintain a courtesy donor-stewardship relationship with the trustee and any surviving family of the donor, but no "application" exists — the distribution is automatic per the trust instrument.

Theory of change: The donor (Donna M Rasmussen) used a testamentary or inter vivos FBO trust to create perpetual support for Dow Rummel Village rather than making a lump-sum gift — this is a common South Dakota estate-planning structure that preserves principal while generating annual income for a beloved senior-care institution.

### Funding Patterns

Observations: - 100% concentration in a single grantee. This is structural, not selective — the trust instrument names Dow Rummel Village as the sole FBO beneficiary. - Grant size correlates with investment income, not need. The 2023 spike in total revenue ($2.27M) reflects initial funding/contributions into the trust; the 2024 figure ($146K) reflects steady-state investment income plus a small contribution. Annual grants of ~$80K represent the IRS-required 5% minimum distribution on the ~$2.2M corpus, plus a portion of net investment return. - Funding trajectory is essentially flat at ~$80K/year, expected to grow modestly with corpus appreciation. Dow Rummel's CFO can confidently model this as a recurring line item. - No new programs, no expansion — this is not a strategic philanthropy with evolving priorities. It is a perpetual income stream for one organization.

### Peer Comparison

Compared to other small (<$3M asset) FBO/preselected trusts headquartered in South Dakota:

Key insight: This trust is part of a recognizable FBO trust pattern common in South Dakota estate planning. Note that there is a sister trust ("Donna M Rasmussen Irrv Tr FBO Zion Lutheran", EIN 93-6891560) at the same asset scale — the donor evidently created multiple parallel FBO trusts, each benefiting a single institution. Both are administratively similar but legally separate; an applicant cannot petition either trust to redirect funds.

NTEE category context: Within NTEE T20 (Private Foundations) in the $1.5M–$3M asset band, single-beneficiary FBO trusts are common but represent dead-ends for outside grantseekers. By contrast, broader trusts like Harold W & K Lorette Lackey (24 grantees) and Karleen 1997 Charitable Trust (9 grantees) at similar asset levels may have discretionary grantmaking — those are more productive prospecting targets for senior-care or community nonprofits in the Sioux Falls area.

### Recent Activity

• 2026-04-10: ProPublica / CauseIQ posted the 2024 Form 990-PF (filed 2025-05-09). Latest filing shows $146K total revenue, $136K total expenses, $2.196M ending assets. One general-support grant to Dow Rummel Village (~$81K).
• 2026-02-19: Cause IQ refreshed personnel records for the trust/beneficiary, listing Josh Hofmeyer (CEO of Dow Rummel Village), Jori Adler (COO), Michael Redinger (CFO), Laurie Knutson (Chief Philanthropy Officer), and Kjersten Joachim (Executive Director). These are Dow Rummel Village leadership, not trust officers — the trustee is typically a bank trust department (commonly First Bank & Trust or US Bank in the Sioux Falls market for trusts of this size).
• 2024-12 fiscal year close: Trust corpus held steady at ~$2.2M; investment income jumped to $95K (+684%) reflecting strong 2024 market performance.
• No leadership or strategy changes at the trust level — by design, FBO trusts have no "strategy" to change. The trustee's only role is fiduciary administration and annual distribution.
• Dow Rummel Village (the beneficiary) celebrated 60+ years as a Sioux Falls life-plan community in 2025, completed Memory Care and Skilled Nursing facility upgrades, and continues to operate at 1321 W. Dow Rummel Street.

### Application Tips

For organizations OTHER than Dow Rummel Village: Do not apply. There is no application process, no letter of inquiry, and no discretionary grantmaking. Time spent pursuing this trust is time taken from productive prospect research. Skip this funder entirely and redirect attention to: - Open Sioux Falls/South Dakota foundations with broader grantmaking (e.g., Sioux Falls Area Community Foundation, South Dakota Community Foundation). - Multi-beneficiary trusts at similar asset scale that may have discretionary capacity (Harold W & K Lorette Lackey Trust, Karleen 1997 Charitable Trust — both Sioux Falls-based). - Senior-care-aligned national funders (RRF Foundation for Aging, AARP Foundation, Retirement Research Foundation) if your mission overlaps with continuing care or aging-in-place.

For Dow Rummel Village's development team: 1. Treat the trustee as a major-donor relationship, not a grant applicant relationship. No proposal is needed, but an annual stewardship report (impact summary, photos of programs the distribution helped fund) sent to the trustee strengthens the trust's institutional memory of Donna M Rasmussen's intent. 2. Identify the trustee via the 990-PF Part VIII (officers/trustees) — typically a bank trust department. Build a working relationship with the trust officer. 3. Plan for the parallel sister trust (FBO Zion Lutheran) as a template — the same donor's giving instructions may indicate intent to support similar institutions; any surviving family or donor-advisor relationships are worth identifying. 4. Model the ~5% mandatory minimum distribution as a recurring line item in your annual budget (~$80K-$110K range as corpus grows). 5. Do not advertise this trust as a public funding source — promoting it as "supporting Dow Rummel Village" is appropriate; framing it as an open grant program would mislead other applicants.