Elizabeth J Rasmussen Tr FBO First
Elizabeth J Rasmussen Tr FBO First is a private foundation, based in Eagan, MN. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $275K in total assets. In 2026, it awarded 1 grant totaling $13K. Net investment income was $22K.
Elizabeth J Rasmussen Tr FBO First at a glance
In short: Elizabeth J Rasmussen Tr FBO First gave $13K across 1 grant in 2026 (avg $13K), mostly in Wisconsin. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $12,625
- +9.3% vs 2025
- Grants made (2026)
- 1
- +0.0% vs 2025
- Average grant
- $12,625
- +9.3% vs 2025
- Median grant
- $12,625
- Total assets
- $275,449
- +3.3% vs 2025
- Primary geography
- Wisconsin (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Elizabeth J Rasmussen Tr FBO First funds
How this funder distributes its grants
Top Recipients
Top recipient in 2026
The largest 2026 recipient was First Presbyterian Church of Oshkosh ($13K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2026 grant dollars on its one itemized grant.
States
Cities
How Elizabeth J Rasmussen Tr FBO First gives
- Giving grew 22% from 2023 to 2026. Method
- In 2026 it paid out 82% 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 2026, annual grant giving ranged from $10K (2023) to $21K (2020). In 2026 it made 1 grant totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First Presbyterian Church of Oshkosh Oshkosh, WI | General Operating | $12,625 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $275,449 | $26,957 | $18,017 | $12,625 | 1 | $13,142 | $21,984 | $15,930 |
| 2025 | $266,562 | $8,446 | $18,181 | $11,549 | 1 | $14,029 | $5,960 | $15,105 |
| 2024 | $276,299 | $10,172 | $17,617 | $11,414 | 1 | $13,814 | $5,543 | $13,949 |
| 2023 | $283,742 | $4,738 | $17,974 | $10,369 | 1 | $12,724 | $4,281 | $13,770 |
| 2022 | $296,984 | $65,971 | $17,484 | $10,999 | 1 | $13,480 | $61,867 | $15,643 |
| 2021 | $248,498 | $5,555 | $15,965 | $10,799 | 1 | — | $1,470 | $14,756 |
| 2020 | $258,933 | $10,706 | $27,120 | $20,978 | 1 | — | $6,989 | $14,620 |
Under IRS private-foundation payout rules, Elizabeth J Rasmussen Tr FBO First reported a distributable amount of $16K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Elizabeth J Rasmussen Tr FBO First's only listed officer is US Bank N A, Trustee on the 2026 filing (compensated).
Officers on the 2026 filing
US Bank N A
Trustee
New on the 2026 filing
1 hr/week
$5K (2026)
Former officers (1)
- Former: US Bank NA (2020–2025) — Trustee
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $5K, to US Bank N a (Trustee).
Frequently asked questions about Elizabeth J Rasmussen Tr FBO First
How much does Elizabeth J Rasmussen Tr FBO First give each year?
Elizabeth J Rasmussen Tr FBO First gave $13K across 1 grant in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $12K across 1 grant.
How large is Elizabeth J Rasmussen Tr FBO First?
Elizabeth J Rasmussen Tr FBO First reported $275K in total assets on its 2026 IRS Form 990-PF. It paid out $13K in qualifying distributions that year, against a required minimum of $16K (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 Elizabeth J Rasmussen Tr FBO First operate?
Elizabeth J Rasmussen Tr FBO First has awarded grants in Wisconsin.
What is Elizabeth J Rasmussen Tr FBO First's EIN?
Elizabeth J Rasmussen Tr FBO First's EIN (Employer Identification Number) is 32-6096120. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 10, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Elizabeth J Rasmussen Tr FBO First funds
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