Clarence and Olive Richards Sch

Private foundation · Grantmaker Eagan, MN EIN: 39-6672759

Clarence and Olive Richards Sch is a private foundation focused on Religion Related, based in Eagan, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $505K in total assets. In 2025, it awarded 4 grants totaling $20K. Net investment income was $25K.

Key facts about Clarence and Olive Richards Sch

In short: Clarence and Olive Richards Sch gave $20K across 4 grants in 2025 (avg $5K), mostly in Iowa. Source: 2025 IRS Form 990-PF.

EIN
39-6672759
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$20,000
Grants made (2025)
4
Average grant
$5,000
Median grant
$5,000
Total assets
$504,604
Primary geography
Iowa (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$505K

+0.5% YoY

Annual Giving

$20K

-23.1% YoY

Grant Count

4

+0.0% YoY

Avg Grant Size

$5K

-23.1% YoY

Under IRS private-foundation payout rules, Clarence and Olive Richards Sch reported a distributable amount of $28K for 2025 — the minimum it must pay out in qualifying distributions.

How Clarence and Olive Richards Sch gives

  • Giving fell 35% from 2022 to 2025. Method
  • In 2025 it paid out 79% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 4 itemized 2025 grant dollars.

Cities

Cedar RapidsAmesIowa CityCedar FallsBelle PlaineCape GirardeauDes MoinesDubuqueEsthervilleMadisonOskaloosaPella

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K$40K7 grants20207 grants20214 grants20225 grants20234 grants20244 grants2025

From 2020 to 2025, annual grant giving ranged from $20K (2025) to $31K (2022). In 2025 it made 4 grants totaling $20K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Grand View University: $8KGrand View University$8KKirkwood Community College: $5KKirkwood Community College$5KLoras College: $5KLoras College$5KIowa State University: $3KIowa State University$3K

The largest 2025 recipient was Grand View University ($8K). Together the top 4 received $20K.

Grant Size Distribution

24 grants across all recorded years

24<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 24 grants of 24 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Grand View University Des Moines, IAScholarship$7,500
Kirkwood Community College Belle Plaine, IAScholarship$5,000
Loras College Dubuque, IAScholarship$5,000
Iowa State University Ames, IAScholarship$2,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$25K$50K$75K$100K202020212022202320242025
Metric202520242023
Total Assets$504,604$501,903$519,723
Revenue$33,067$18,097$21,436
Expenses$30,196$35,921$39,337
Qualifying Distributions$22,333$28,305$32,245
Net Investment Income$24,832$10,612$13,630
Distributable Amount$28,305$27,197$25,303

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 5, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
  7. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Clarence and Olive Richards Sch's only listed officer is US Bank N A, Trustee on filings since 2020 (compensated).

Officers on the 2025 filing

  • US Bank N A

    Trustee

    On filings since 2020

    1 hr/week

    $8K (2020) → $8K (2025)

Former officers (1)
  • Former: US Bank NA (2023) — Trustee

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

US Bank N a — Trustee: $8KUS Bank N aTrustee$8K

The highest reported compensation on the 2025 filing was $8K, to US Bank N a (Trustee).

Frequently asked questions about Clarence and Olive Richards Sch

How much does Clarence and Olive Richards Sch give each year?

Clarence and Olive Richards Sch gave $20K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $26K across 4 grants.

What is Clarence and Olive Richards Sch's typical grant size?

Clarence and Olive Richards Sch's median grant in 2025 was $5,000, and its average grant was $5,000, across 4 grants on its 2025 IRS Form 990-PF.

Where does Clarence and Olive Richards Sch give grants?

Clarence and Olive Richards Sch gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.

Does Clarence and Olive Richards Sch give general operating support?

Not in 2025: none of the 4 grants with a stated purpose on Clarence and Olive Richards Sch's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (4 grants).

How large is Clarence and Olive Richards Sch?

Clarence and Olive Richards Sch reported $505K in total assets on its 2025 IRS Form 990-PF. It paid out $22K in qualifying distributions that year, against a required minimum of $28K (roughly 5% of its investment assets).

What is Clarence and Olive Richards Sch?

Clarence and Olive Richards Sch is a private foundation focused on Religion Related, based in Eagan, MN. It holds $505K in total assets as of 2025.

What is Clarence and Olive Richards Sch's EIN?

Clarence and Olive Richards Sch's EIN (Employer Identification Number) is 39-6672759. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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