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Mars & Verna Rolfson Scholarship Trust is a private trust based in BILLINGS, MT. The foundation received its IRS ruling in 1990. The principal officer is First Interstate Bank. It holds total assets of $471K. Annual income is reported at $152K. The foundation is governed by 1 officer or trustee. Tax records are available from 2018 to 2023. The foundation primarily funds organizations in Montana, Michigan and Arizona. According to available records, Mars & Verna Rolfson Scholarship Trust has made 56 grants totaling $94K, with a median grant of $2K. The foundation has distributed between $23K and $47K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $47K distributed across 30 grants. Individual grants have ranged from $500 to $5K, with an average award of $2K. The foundation has supported 14 unique organizations. The foundation primarily supports organizations in Montana, California, Vermont, which account for 84% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$4K
Average Grant
$3K
Largest Grant
$4K
Based on 8 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.
Mars & Verna Rolfson Scholarship Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 56 grants. Its grantmaking reaches organizations primarily in MT, CA, VT.
Mars & Verna Rolfson Scholarship Trust has distributed a total of $94K across 56 grants. The median grant size is $2K, with an average of $2K. Individual grants have ranged from $500 to $5K.
The application deadline is APRIL 1 OF EACH YEAR. Available to seniors & graduates of polson high school for any accredited college, university, technical or vocational training school.
Mars & Verna Rolfson Scholarship Trust is headquartered in BILLINGS, MT. While based in MT, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| First Interstate Bank | TRUSTEE | $6K | $0 | $6K |
Total Giving
$30K
Total Assets
$474K
Fair Market Value
$491K
Net Worth
$474K
Grants Paid
$23K
Contributions
N/A
Net Investment Income
$43K
Distribution Amount
$23K
Total Grants
56
Total Giving
$94K
Average Grant
$2K
Median Grant
$2K
Unique Recipients
14
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of VermontSCHOLARSHIP | Burlington, VT | $2K | 2023 |
| Msu - BozemanSCHOLARSHIP | Bozeman, MT | $5K | 2023 |
| U Of M - MissoulaSCHOLARSHIP | Missoula, MT | $2K | 2023 |
| Carroll CollegeSCHOLARSHIP | Helena, MT | $2K | 2023 |
| Nw Nazarene UniversitySCHOLARSHIP | Nampa, ID | $2K | 2023 |
| Cal Poly HumboltSCHOLARSHIP | Arcata, CA | $2K | 2023 |
| University Of WyomingSCHOLARSHIP | Laramie, WY | $2K | 2022 |
| Msu - BillingsSCHOLARSHIP | Billings, MT | $821 | 2022 |
| Barnes And Noble College BooksellersSCHOLARSHIP | Basking Ridge, NJ | $821 | 2022 |
| Montana TechSCHOLARSHIP | Butte, MT | $821 | 2022 |
| Flathead Valley Community CollegeSCHOLARSHIP | Kalispell, MT | $2K | 2021 |
| Humbolt State UniversitySCHOLARSHIP | Arcata, CA | $2K | 2021 |
| University Of TampaSCHOLARSHIP | Tampa, FL | $2K | 2021 |