Economic Scholarship Fund Inc
Economic Scholarship Fund Inc is a private foundation focused on Education, based in Rapid City, SD. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $151K in total assets. In 2025, it awarded 1 grant totaling $5K. Net investment income was $2K.
Key facts about Economic Scholarship Fund Inc
In short: Economic Scholarship Fund Inc gave $5K across 1 grant in 2025 (avg $5K), mostly in South Dakota. Source: 2025 IRS Form 990-PF.
- EIN
- 46-0356131
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $5,000
- Grants made (2025)
- 1
- Average grant
- $5,000
- Median grant
- $5,000
- Total assets
- $151,200
- Primary geography
- South Dakota (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
$151K
+6.0% YoY
Annual Giving
$5K
-16.7% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$5K
-16.7% YoY
Under IRS private-foundation payout rules, Economic Scholarship Fund Inc reported a distributable amount of $7K for 2025 — the minimum it must pay out in qualifying distributions.
How Economic Scholarship Fund Inc gives
- Giving held roughly steady from 2022 to 2025 (−17%). Method
- In 2025 it paid out 86% 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 the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $2K (2021) to $15K (2023). In 2025 it made 1 grant totaling $5K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $151,200 | $142,650 | $117,305 |
| Revenue | $5,936 | $7,847 | $18,444 |
| Expenses | $6,216 | $8,230 | $16,827 |
| Qualifying Distributions | $6,016 | $6,010 | $16,176 |
| Net Investment Income | $1,658 | $1,780 | $1,688 |
| Distributable Amount | $6,989 | $6,107 | $5,690 |
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 16, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 1, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 16, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 20, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Economic Scholarship Fund Inc is led by Olivia Boerger, Co-President since 2024 (on filings since 2023); none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Olivia Boerger
Co-President
Vice President → Co-President, 2024
On filings since 2023
No compensation reported
Isaac Haar
Co-President
On filings since 2024
No compensation reported
Darren Paulsen
Advisor
On filings since 2020
No compensation reported
Ruth E. Conway
Advisor
On filings since 2020
No compensation reported
Tyler Rachetto
Adivsor
On filings since 2023
No compensation reported
Emma Christensen
Vice President
On filings since 2024
No compensation reported
Joseph Robinson
Secretary
On filings since 2024
No compensation reported
Sakura Tinant
Treasurer
On filings since 2024
No compensation reported
Former officers (19)
- Former: Dale Kinyon (2023) — Secretary
- Former: Jhett Waltman (2023) — Treasurer
- Former: Katie Nehring (2023) — Co-President
- Former: Phillip Bentz (2023) — Co-President
- Former: Cerys White (2021–2022) — Tri-Presiden
- Former: Olivia Thimgan (2021–2022) — Tri-Presiden
- Former: Carly Hanzlik (2022) — Treasurer
- Former: Joe Corwin (2022) — Secretary
- Former: Mitchell Brekhus (2022) — Vice President
- Former: Nicole Zimiga (2022) — Tri-Presiden
- Former: Emily Weber (2021) — President
- Former: Hayden Bentz (2021) — President
- Former: Thomas Haart (2021) — Vice President
- Former: Aleesia Dillon (2020) — Vice President
- Former: Alex Licht (2020) — Vice President
- Former: Cassie Wessels (2020) — President
- Former: Nicolas Koehler (2020) — Treasurer
- Former: Renna Al-Haj (2020) — President
- Former: Sydney Kincart (2020) — Secretary
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 Economic Scholarship Fund Inc
How much does Economic Scholarship Fund Inc give each year?
Economic Scholarship Fund Inc gave $5K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $6K across 1 grant.
How large is Economic Scholarship Fund Inc?
Economic Scholarship Fund Inc reported $151K in total assets on its 2025 IRS Form 990-PF. It paid out $6K in qualifying distributions that year, against a required minimum of $7K (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 Economic Scholarship Fund Inc?
Economic Scholarship Fund Inc is a private foundation focused on Education, based in Rapid City, SD. It holds $151K in total assets as of 2025.
Where does Economic Scholarship Fund Inc operate?
Economic Scholarship Fund Inc has awarded grants in South Dakota.
What is Economic Scholarship Fund Inc's EIN?
Economic Scholarship Fund Inc's EIN (Employer Identification Number) is 46-0356131. 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.
Here's the math on researching Economic Scholarship Fund Inc by hand.
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