Danny Schnepp Memorial Fund Trust
Danny Schnepp Memorial Fund Trust is a private foundation, based in Sidney, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.5M in total assets. In 2025, it awarded 2 grants totaling $17K. Net investment income was $252K.
Danny Schnepp Memorial Fund Trust at a glance
In short: Danny Schnepp Memorial Fund Trust gave $17K across 2 grants in 2025 (avg $8K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $16,500
- Grants made (2025)
- 2
- Average grant
- $8,250
- Median grant
- $8,250
- Total assets
- $3,513,453
- +13.1% 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 Danny Schnepp Memorial Fund Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Sidney Community Schools ($15K). Together the top 2 received $17K.
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Danny Schnepp Memorial Fund Trust gives
- In 2025 it paid out 15% 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
In 2025 it made 2 grants totaling $17K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sidney Community Schools Sidney, IA | Seed Grants | $15,000 |
| Fremont Mills Community Schools Tabor, IA | Seed Grant | $1,500 |
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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 | $3,513,453 | $252,122 | $33,679 | $16,500 | 2 | $23,939 | $252,122 | $159,465 |
| 2024 | $3,105,560 | $152,053 | $21,080 | — | — | $62,470 | $152,053 | $149,245 |
| 2023 | $2,863,884 | $123,517 | $14,141 | — | — | $665,599 | $86,561 | — |
| 2022 | $2,656,327 | $123,680 | $72,571 | — | — | $6,872 | $116,301 | — |
| 2021 | $2,959,671 | $190,223 | $42,287 | — | — | $13,543 | $146,544 | — |
| 2020 | $2,659,395 | $73,698 | $20,448 | — | — | — | $73,698 | $126,718 |
| 2019 | $2,494,825 | $82,311 | $28,966 | — | — | — | $81,208 | $109,538 |
Under IRS private-foundation payout rules, Danny Schnepp Memorial Fund Trust reported a distributable amount of $159K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Danny Schnepp Memorial Fund Trust's 2025 filing lists 3 officers; all 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
Sandra Bengtson
Trustee
On filings since 2019
$3K (2019) → $3K (2025)
James Anderzhon
Trustee
On filings since 2022
$3K (2022) → $3K (2025)
Peter Johnson
Trustee
On filings since 2022
$3K (2022) → $3K (2025)
Former officers (2)
- Former: John Anderzhon (2019–2021) — Trustee
- Former: Thomas Johnson (2019–2021) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 $3K, to Peter Johnson (Trustee). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Danny Schnepp Memorial Fund Trust
How much does Danny Schnepp Memorial Fund Trust give each year?
Danny Schnepp Memorial Fund Trust gave $17K across 2 grants in 2025, according to its 2025 IRS Form 990-PF.
How large is Danny Schnepp Memorial Fund Trust?
Danny Schnepp Memorial Fund Trust reported $3.5M in total assets on its 2025 IRS Form 990-PF. It paid out $24K in qualifying distributions that year, against a required minimum of $159K (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.
Where does Danny Schnepp Memorial Fund Trust operate?
Danny Schnepp Memorial Fund Trust has awarded grants in Iowa.
What is Danny Schnepp Memorial Fund Trust's EIN?
Danny Schnepp Memorial Fund Trust's EIN (Employer Identification Number) is 42-6346310. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS September 20, 2021)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 10, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 7, 2024)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 17, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 24, 2026)
- IRS filings on file for fiscal years 2019–2024
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