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Olson Borthers Family Foundation is a private corporation based in HASTINGS, NE. The foundation received its IRS ruling in 2002. The principal officer is Randy D Knapp. It holds total assets of $740K. Annual income is reported at $1K. The foundation is governed by 3 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Olson Borthers Family Foundation has made 6 grants totaling $71K, with a median grant of $10K. Individual grants have ranged from $1K to $25K, with an average award of $12K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Iowa and Kansas and Nebraska. Contributions to this foundation are tax-deductible.
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.
Olson Borthers Family Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in IA, KS, NE.
Olson Borthers Family Foundation has distributed a total of $71K across 6 grants. The median grant size is $10K, with an average of $12K. Individual grants have ranged from $1K to $25K.
Olson Borthers Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Olson Borthers Family Foundation is headquartered in HASTINGS, NE. While based in NE, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Les Seiler | PRESIDENT HRS AS NEEDED | $0 | $0 | N/A |
| Randy D Knapp | SEC-TREAS/DIRECTOR HRS AS NEEDED | $0 | $0 | N/A |
| Richard Paumer | DIRECTOR HRS AS NEEDED | $0 | $0 | N/A |
Total Giving
$40K
Total Assets
$783K
Fair Market Value
$807K
Net Worth
$783K
Grants Paid
$39K
Contributions
N/A
Net Investment Income
$653
Distribution Amount
$38K
Total: N/A
Total Grants
6
Total Giving
$71K
Average Grant
$12K
Median Grant
$10K
Unique Recipients
3
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Iowa State University FoundationSUPPORTING STUDENTS IN AG & FOOD ANIMAL MEDICINE | Ames, IA | $25K | 2022 |
| Kansas State University FoundationSUPPORTING STUDENTS IN AG & FOOD ANIMAL MEDICINE | Manhattan, KS | $10K | 2022 |
| Nebraska State FairPREVIOUS DIRECTOR MEMORIAL | Grand Island, NE | $1K | 2022 |