Adolph Thorson Trust
Adolph Thorson Trust is a private foundation, based in DEVILS LAKE, ND. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $598K in total assets. In 2024, it awarded 2 grants totaling $32K. Net investment income was $41K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$598K
+0.7% YoY
Annual Giving
$32K
-3.3% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$16K
-3.3% YoY
Under IRS private-foundation payout rules, Adolph Thorson Trust reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.
About Adolph Thorson Trust
Based on IRS filings
Adolph Thorson Trust is a private foundation, based in DEVILS LAKE, ND. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $598K in total assets. In 2024, it awarded 2 grants totaling $32K. Net investment income was $41K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $597,903 | $593,680 | $602,517 |
| Revenue | $44,195 | $31,145 | $35,017 |
| Expenses | $39,972 | $39,982 | $46,154 |
| Qualifying Distributions | $35,919 | $36,710 | $41,235 |
| Net Investment Income | $40,592 | $27,531 | $30,098 |
| Distributable Amount | $35,591 | $32,481 | $33,583 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Concordia College ($16,241), Und Alumni Assocation & Foundation ($16,240).
| Recipient | Purpose | Amount |
|---|---|---|
| CONCORDIA COLLEGE MOORHEAD, MN | GENERAL GRANT | $16,241 |
| UND ALUMNI ASSOCATION & FOUNDATION GRAND FORKS, ND | GENERAL GRANT | $16,240 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FIRST UNITED BANK | TRUSTEE | 1 | $6,126 |
Frequently Asked Questions
How large is Adolph Thorson Trust?
As of 2024, Adolph Thorson Trust holds $598K in total assets with $44K in annual revenue. It awarded 2 grants totaling $32K in 2024.
Where does Adolph Thorson Trust operate?
Adolph Thorson Trust has awarded grants in Minnesota, North Dakota.
What size grants does Adolph Thorson Trust award?
In 2024, Adolph Thorson Trust awarded 2 grants totaling $32K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Adolph Thorson Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Adolph Thorson Trust reported a distributable amount of $36K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Adolph Thorson Trust's EIN?
Adolph Thorson Trust's EIN (Employer Identification Number) is 90-1137292. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Adolph Thorson Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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