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Also known as: % CITIZENS FIRST NATIONAL BANK TTEE
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Jepsen Educational Trust is a private trust based in STORM LAKE, IA. The foundation received its IRS ruling in 1994. The principal officer is Citizens First National Bnk Ttee. It holds total assets of $105K. Annual income is reported at $22K. The foundation operates in the area of education. Tax records are available from 2017 to 2024. Grantmaking is concentrated in Iowa. According to available records, Jepsen Educational Trust has made 21 grants totaling $24K, with a median grant of $1K. Annual giving has decreased from $5K in 2021 to $4K in 2024. Grantmaking activity was highest in 2023 with $10K distributed across 6 grants. Individual grants have ranged from $660 to $2K, with an average award of $1K. The foundation has supported 18 unique organizations. Grants have been distributed to organizations in Iowa and South Dakota. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$1K
Average Grant
$1K
Largest Grant
$2K
Based on 4 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.
Jepsen Educational Trust primarily funds organizations in the area of education. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in IA, SD.
Jepsen Educational Trust has distributed a total of $24K across 21 grants. The median grant size is $1K, with an average of $1K. Individual grants have ranged from $660 to $2K.
The application deadline is INFORMATION REGARDING SUBMISSION DEADLINES MAY BE OBTAINED FROM THE TRUSTEE, CITIZENS 1ST NATIONAL B. The jepsen educational trust makes available its annual net income to students graduating from the galva-holstein community school district or successor district, who submit application showing they are accepted and attending four-year accredited colleges within the united states. The trustee is directed to establish a committee of from three to five individuals from the school system and galva -holstein community. Such committee shall make decisions as to which applicants shall receive educational grants. The committee is directed to consider financial need and to make such grants to residents of the galva-holstein school district. Grants made by the trust are direct grants and are not to be repaid to the trust.
Jepsen Educational Trust is headquartered in STORM LAKE, IA. While based in IA, the foundation distributes grants to organizations across 2 states.
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Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
$8K
Total Assets
$106K
Fair Market Value
$107K
Net Worth
$106K
Grants Paid
$4K
Contributions
N/A
Net Investment Income
$4K
Distribution Amount
$5K
Total: $92K
Total Grants
21
Total Giving
$24K
Average Grant
$1K
Median Grant
$1K
Unique Recipients
18
Most Common Grant
$1K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Gabriel ChanceEDUCATION | Ames, IA | $660 | 2024 |
| Cayden ClausenEDUCATION | Sioux City, IA | $660 | 2024 |
| Taya PhillipsEDUCATION | Sioux City, IA | $660 | 2024 |
| Matthew ForristalEDUCATION | Storm Lake, IA | $660 | 2024 |
| Kinzie HagenEDUCATION | Storm Lake, IA | $660 | 2024 |
| Noah ShepherdEDUCATION | Decorah, IA | $660 | 2024 |
| Grace VeneicherEDUCATION | Cedar Falls, IA | $2K | 2023 |
| Jake BreyfogleEDUCATION | Ames, IA | $2K | 2023 |
| Kiara DutlerEDUCATION | Ames, IA | $2K | 2023 |
| Brady ClausenEDUCATION | Sioux City, IA | $1K | 2022 |
| Jerzey EndrulatEDUCATION | Vermillion, SD | $1K | 2022 |
| Vanessa MeumannEDUCATION | Orange City, IA | $1K | 2022 |
| Morgan ToddEDUCATION | Cedar Falls, IA | $1K | 2022 |
| Hannah YockeyEDUCATION | Sioux Center, IA | $1K | 2022 |
| Anya KistenmacherEDUCATION | Pella, IA | $2K | 2021 |
| Bailey GraffEDUCATION | Iowa City, IA | $1K | 2021 |
| Caleb KistenmacherEDUCATION | Iowa City, IA | $1K | 2021 |
| Kole WinkelEDUCATION | Pella, IA | $1K | 2021 |