Clarence and Olive Richards Sch
Clarence and Olive Richards Sch is a private foundation focused on religion, 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.
Clarence and Olive Richards Sch at a glance
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.
- Annual giving (2025)
- $20,000
- -23.1% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $5,000
- -23.1% vs 2024
- Median grant
- $5,000
- Total assets
- $504,604
- +0.5% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Clarence and Olive Richards Sch funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Grand View University ($8K). Together the top 4 received $20K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 24 grants of 24 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $20K (2025) to $31K (2022). In 2025 it made 4 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Grand View University Des Moines, IA | Scholarship | $7,500 |
| Kirkwood Community College Belle Plaine, IA | Scholarship | $5,000 |
| Loras College Dubuque, IA | Scholarship | $5,000 |
| Iowa State University Ames, IA | Scholarship | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $504,604 | $33,067 | $30,196 | $20,000 | 4 | $22,333 | $24,832 | $28,305 |
| 2024 | $501,903 | $18,097 | $35,921 | $26,000 | 4 | $28,305 | $10,612 | $27,197 |
| 2023 | $519,723 | $21,436 | $39,337 | $30,000 | 5 | $32,245 | $13,630 | $25,303 |
| 2022 | $537,688 | $25,428 | $41,829 | $30,900 | 4 | $33,147 | $18,532 | $29,564 |
| 2021 | $551,187 | $78,053 | $35,121 | $25,000 | 7 | $27,332 | $70,483 | $29,940 |
| 2020 | $508,260 | $19,377 | $36,564 | $28,000 | 7 | — | $12,393 | $28,063 |
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.
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
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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Clarence and Olive Richards Sch?
Clarence and Olive Richards Sch is a private foundation focused on religion, 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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Clarence and Olive Richards Sch funds
Religion Related Open opportunities, soonest deadline first.
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Browse active grant opportunities in Clarence and Olive Richards Sch's focus areas in our free grants database
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