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. 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.
Key facts about Dr Kenneth N Andersen Family Scholarship Trust
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.
- EIN
- 42-6563588
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $16,000
- Grants made (2025)
- 4
- Average grant
- $4,000
- Median grant
- $4,000
- Total assets
- $334,284
- Primary geography
- Iowa (75% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated October 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$334K
+0.4% YoY
Annual Giving
$16K
+0.0% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$4K
+0.0% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $16K (2022) to $20K (2023). In 2025 it made 4 grants totaling $16K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
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
The most common grant size was under $50K: 19 grants of 19 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Northern Iowa Cedar Falls, IA | Scholarship | $4,000 |
| 1 individual scholarship Recipients not named | — | $4,000 |
| Grand View University Des Moines, IA | Scholarship | $4,000 |
| Iowa State University Ames, IA | Scholarship | $4,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $334,284 | $333,109 | $331,204 |
| Revenue | $21,696 | $22,165 | $16,245 |
| Expenses | $20,521 | $20,260 | $24,069 |
| Qualifying Distributions | $17,909 | $17,890 | $21,805 |
| Net Investment Income | $19,269 | $19,795 | $11,981 |
| Distributable Amount | $17,926 | $17,431 | $16,787 |
Data update history
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 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
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.
Here's the math on researching Dr Kenneth N Andersen Family Scholarship Trust by hand.
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