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Also known as: C/O CITIZENS FIRST NATIONAL BANK
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Jepsen 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 $553K. Annual income is reported at $101K. Tax records are available from 2017 to 2024. Grantmaking is concentrated in Iowa. According to available records, Jepsen Trust has made 21 grants totaling $145K, with a median grant of $4K. The foundation has distributed between $27K and $63K annually from 2021 to 2024. Grantmaking activity was highest in 2023 with $63K distributed across 10 grants. Individual grants have ranged from $700 to $20K, with an average award of $7K. The foundation has supported 6 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Smallest Grant
$700
Median Grant
$4K
Average Grant
$7K
Largest Grant
$20K
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 Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in IA.
Jepsen Trust has distributed a total of $145K across 21 grants. The median grant size is $4K, with an average of $7K. Individual grants have ranged from $700 to $20K.
Funds are distributed solely for the benefit of the youth of holstein, ia.
Jepsen Trust is headquartered in STORM LAKE, IA.
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
$34K
Total Assets
$542K
Fair Market Value
$611K
Net Worth
$542K
Grants Paid
$27K
Contributions
N/A
Net Investment Income
$26K
Distribution Amount
$29K
Total: $529K
Total Grants
21
Total Giving
$145K
Average Grant
$7K
Median Grant
$4K
Unique Recipients
6
Most Common Grant
$20K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| City Of Holstein - Pool ProjectNEW POOL PROJECT | Holstein, IA | $20K | 2024 |
| KinderfestKINDERFEST | Holstein, IA | $5K | 2024 |
| Stubbs Mem Library GrantSUMMER READING PROGRAM | Holstein, IA | $2K | 2024 |
| City Of Holstein - Lohff SchumGYM FLOOR | Holstein, IA | $5K | 2023 |
| City Of Holstein - Summer RecBALL DIAMOND REPAIR | Holstein, IA | $990 | 2023 |
| City Of Holstein - BallfieldsCONCESSION STAND IMPROVEMENTS | Holstein, IA | $4K | 2021 |