Dr Kenneth N Andersen Family Scholarship Trust

Private foundation · Grantmaker Cedar Rapids, IA EIN: 42-6563588

Dr Kenneth N Andersen Family Scholarship Trust is a private foundation focused on Education, based in Cedar Rapids, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $334K in total assets. In 2025, it awarded 4 grants totaling $16K. Net investment income was $19K.

Dr Kenneth N Andersen Family Scholarship Trust at a glance

In short: Dr Kenneth N Andersen Family Scholarship Trust gave $16K across 4 grants in 2025 (avg $4K), mostly in Iowa. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$16,000
+0.0% vs 2024
Grants made (2025)
4
+0.0% vs 2024
Average grant
$4,000
+0.0% vs 2024
Median grant
$4,000
Total assets
$334,284
+0.4% vs 2024
Primary geography
Iowa (75% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

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

Who Dr Kenneth N Andersen Family Scholarship Trust funds

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

University of Northern Iowa: $4KUniversity of Northern Iowa$4KGrand View University: $4KGrand View University$4KIowa State University: $4KIowa State University$4K

The largest 2025 recipient was University of Northern Iowa ($4K). Together the top 3 received $12K.

Organizations only. It also paid 1 individual scholarship ($4,000), which are not listed by name.

Grant Size Distribution

19 grants across all recorded years

19<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 19 grants of 19 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2025 grant dollars across all 4 itemized grants.

Cities

AmesCedar FallsIowa CityDes MoinesIndianolaKirksvillePellaPlattevilleBrookingsLa CrosseRapid City

How Dr Kenneth N Andersen Family Scholarship Trust gives

  • Giving held roughly steady from 2022 to 2025 (+0%). Method
  • In 2025 it paid out 100% 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

$0$5K$10K$15K$20K3 grants2020 5 grants2021 2 grants2022 4 grants2023 4 grants2024 4 grants2025

From 2020 to 2025, annual grant giving ranged from $16K (2022) to $20K (2023). In 2025 it made 4 grants totaling $16K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
University of Northern Iowa Cedar Falls, IAScholarship$4,000
1 individual scholarship Recipients not named —$4,000
Grand View University Des Moines, IAScholarship$4,000
Iowa State University Ames, IAScholarship$4,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$334,284$21,696$20,521$16,0004$17,909$19,269$17,926
2024$333,109$22,165$20,260$16,0004$17,890$19,795$17,431
2023$331,204$16,245$24,069$20,0004$21,805$11,981$16,787
2022$339,028$9,034$20,690$16,0002$17,833$6,177$17,786
2021$350,684$27,670$24,895$20,0005$21,895$24,670$20,072
2020$347,909$21,746$24,370$20,0003—$19,202$18,729

Under IRS private-foundation payout rules, Dr Kenneth N Andersen Family Scholarship Trust reported a distributable amount of $18K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Dr Kenneth N Andersen Family Scholarship Trust's only listed officer is BankIowa, Trust Officer on every filing since 2020 (uncompensated).

Officers on the 2025 filing

  • BankIowa

    Trust Officer

    On filings since 2020

    No compensation reported

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.

Frequently asked questions about Dr Kenneth N Andersen Family Scholarship Trust

How much does Dr Kenneth N Andersen Family Scholarship Trust give each year?

Dr Kenneth N Andersen Family Scholarship Trust gave $16K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $16K across 4 grants.

What is Dr Kenneth N Andersen Family Scholarship Trust's typical grant size?

Dr Kenneth N Andersen Family Scholarship Trust's median grant in 2025 was $4,000, and its average grant was $4,000, across 4 grants on its 2025 IRS Form 990-PF.

Where does Dr Kenneth N Andersen Family Scholarship Trust give grants?

Dr Kenneth N Andersen Family Scholarship Trust gives mostly in Iowa: 75% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was South Dakota (25%).

Does Dr Kenneth N Andersen Family Scholarship Trust give general operating support?

Not in 2025: none of the 4 grants with a stated purpose on Dr Kenneth N Andersen Family Scholarship Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (4 grants).

How large is Dr Kenneth N Andersen Family Scholarship Trust?

Dr Kenneth N Andersen Family Scholarship Trust reported $334K in total assets on its 2025 IRS Form 990-PF. It paid out $18K in qualifying distributions that year, against a required minimum of $18K (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 Dr Kenneth N Andersen Family Scholarship Trust?

Dr Kenneth N Andersen Family Scholarship Trust is a private foundation focused on Education, based in Cedar Rapids, IA. It holds $334K in total assets as of 2025.

What is Dr Kenneth N Andersen Family Scholarship Trust's EIN?

Dr Kenneth N Andersen Family Scholarship Trust's EIN (Employer Identification Number) is 42-6563588. IRS Form 990 filing data is available on this page for 2020–2025.

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

Data update history

(7)

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 2, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
  7. IRS filings on file for fiscal years 2020–2024

Live grants for the work Dr Kenneth N Andersen Family Scholarship Trust funds

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Dr Kenneth N Andersen Family Scholarship Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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