Elmer O & Ida Preston Educational Trust

Private foundation · Grantmaker Des Moines, IA EIN: 42-6053621

The Elmer O & Ida Preston Educational Trust is a private foundation based in Des Moines, Iowa. It provides grants and loans for educational purposes to Iowa residents pursuing careers in Christian service.

Key facts about Elmer O & Ida Preston Educational Trust

In short: Elmer O & Ida Preston Educational Trust gave $64K across 27 grants in 2025 (avg $2K), mostly in Iowa. Source: 2025 IRS Form 990-PF.

EIN
42-6053621
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$64,100
Grants made (2025)
27
Average grant
$2,374
Median grant
$2,000
Total assets
$2,190,297
Primary geography
Iowa (100% of itemized 2025 grant dollars)
How to apply
The trust accepts applications at any time. Full details ↓
Deadline
Applications may be submitted at any time.

Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$2.2M

+7.7% YoY

Annual Giving

$64K

+8.0% YoY

Grant Count

27

+22.7% YoY

Avg Grant Size

$2K

-12.0% YoY

Under IRS private-foundation payout rules, Elmer O & Ida Preston Educational Trust reported a distributable amount of $105K for 2025 — the minimum it must pay out in qualifying distributions.

How Elmer O & Ida Preston Educational Trust gives

  • Giving fell 26% from 2022 to 2025. Method
  • In 2025 it paid out 165% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The trust’s stated recipient restriction is that recipients must be Iowa residents pursuing a career in Christian service. Its grants are described in the 2025 filing as support for post-high-school education.

Grantmaking

In 2025, the trust awarded 27 grants totaling $64,100. Grants ranged from $500 to $5,000, with a median of $2,000. Notable grants included $5,000 each to Seth Thompson and Joseph Turman; $4,000 each to Nathaniel Baum and Luke Treiber; and $3,750 each to Welsey Blomberg and Marco Muniz Azurin. Each was described as a grant for post-high-school education.

Review Cycle

Applications may be submitted at any time.

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Geographic Focus

Where this funder awards grants

All grant dollars listed for 2025 went to recipients in Iowa. The trust’s stated restriction requires recipients to be Iowa residents.

Grant Distribution by State

1state

Share of all 27 itemized 2025 grant dollars.

States

Cities

Des MoinesAnkenyDubuqueCambridgeIowa FallsPlanoWest Des MoinesWilliamsburgAmesDecorahFairfaxAllemanCedar FallsDavenportDaytonGreenfieldMansonMuscatineOssianWaterloo

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K30 grants202019 grants202127 grants202222 grants202322 grants202427 grants2025

From 2020 to 2025, annual grant giving ranged from $58K (2023) to $142K (2020). In 2025 it made 27 grants totaling $64K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Luke Treiber: $6K across 2 grantsLuke Treiber$6K · 2 grantsSeth Thompson: $5KSeth Thompson$5KJoseph Turman: $5KJoseph Turman$5KDaniel Luepke: $5K across 2 grantsDaniel Luepke$5K · 2 grantsBenjamin Flinck: $4K across 2 grantsBenjamin Flinck$4K · 2 grantsNathaniel Baum: $4KNathaniel Baum$4KWelsey Blomberg: $4KWelsey Blomberg$4KMarco Muniz Azurin: $4KMarco Muniz Azurin$4KTylor Moore: $3KTylor Moore$3KDaniel Foerster: $3KDaniel Foerster$3K

The largest 2025 recipient was Luke Treiber ($6K across 2 grants). Together the top 10 received $42K.

Grant Size Distribution

117 grants across all recorded years

117<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 117 grants of 117 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Seth Thompson Des Moines, IAGrant for Post-High School Education$5,000
Joseph Turman Des Moines, IAGrant for Post-High School Education$5,000
Nathaniel Baum Des Moines, IAGrant for Post-High School Education$4,000
Luke Treiber Des Moines, IAGrant for Post-High School Education$4,000
Welsey Blomberg Des Moines, IAGrant for Post-High School Education$3,750
Marco Muniz Azurin Des Moines, IAGrant for Post-High School Education$3,750
Daniel Luepke Des Moines, IAGrant for Post-High School Education$3,500
Tylor Moore Des Moines, IAGrant for Post-High School Education$3,000
Benjamin Flinck Des Moines, IAGrant for Post-High School Education$2,500
Daniel Foerster Des Moines, IAGrant for Post-High School Education$2,500

Financial History

Multi-year comparison from IRS filings

Filing year Grant total Number of grants
2025 $64,100 27
2024 $59,375 22
2023 $57,875 22
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K202020212022202320242025
Metric202520242023
Total Assets$2,190,297$2,033,196$2,000,812
Revenue$344,603$208,951$103,252
Expenses$191,855$184,275$177,899
Qualifying Distributions$173,405$153,700$155,866
Net Investment Income$282,626$150,387$44,717
Distributable Amount$105,067$99,534$90,397

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS July 22, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 7, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS September 13, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 22, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
  7. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists David JW Proctor, Christopher Van Vleet, and Monica L Morgan as trustees.

Elmer O & Ida Preston Educational Trust's 2025 filing lists 3 officers; all 3 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Morgan Monica L.

    Trustee

    On filings since 2023

    1 hr/week

    $5K (2023) → $6K (2025)

  • Proctor David Jw

    Trustee

    On filings since 2023

    2 hrs/week

    $28K (2023) → $25K (2025)

  • Van Vleet Christopher

    Trustee

    On filings since 2023

    1 hr/week

    $5K (2023) → $6K (2025)

Former officers (4)
  • Former: Christopher Van Vleet (2020–2022) — Trustee
  • Former: David Jw Proctor (2020–2022) — Trustee
  • Former: Monica L. Morgan (2021–2022) — Trustee
  • Former: Caroline Bettis (2021) — Trustee

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.

Compensation Overview

From 2025 IRS filing

Proctor David JW — Trustee: $25KProctor David JWTrustee$25KVan Vleet Christopher — Trustee: $6KVan Vleet ChristopherTrustee$6KMorgan Monica L — Trustee: $6KMorgan Monica LTrustee$6K

The highest reported compensation on the 2025 filing was $25K, to Proctor David JW (Trustee). 3 officers or directors reported compensation on that filing.

Contact

Application contact: Monica Morgan Trustee
Mailing address: 801 Grand Ave Ste 3700, Des Moines, IA 50309-2727
Phone: (515) 243-4191

Frequently asked questions about Elmer O & Ida Preston Educational Trust

How much does Elmer O & Ida Preston Educational Trust give each year?

Elmer O & Ida Preston Educational Trust gave $64K across 27 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $59K across 22 grants.

What is Elmer O & Ida Preston Educational Trust's typical grant size?

Elmer O & Ida Preston Educational Trust's median grant in 2025 was $2,000, and its average grant was $2,374, across 27 grants on its 2025 IRS Form 990-PF.

Where does Elmer O & Ida Preston Educational Trust give grants?

Elmer O & Ida Preston Educational Trust gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Des Moines, IA (27 grants).

Does Elmer O & Ida Preston Educational Trust give general operating support?

Not in 2025: none of the 27 grants with a stated purpose on Elmer O & Ida Preston Educational Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Grant for Post-High School Education" (27 grants).

Who are Elmer O & Ida Preston Educational Trust's largest grantees?

Elmer O & Ida Preston Educational Trust's largest 2025 grantees include Luke Treiber ($6,000 across 2 grants), Seth Thompson ($5,000) and Joseph Turman ($5,000), according to its 2025 IRS Form 990-PF. Together they received 25% of its itemized 2025 grant dollars.

How large is Elmer O & Ida Preston Educational Trust?

Elmer O & Ida Preston Educational Trust reported $2.2M in total assets on its 2025 IRS Form 990-PF. It paid out $173K in qualifying distributions that year, against a required minimum of $105K (roughly 5% of its investment assets).

What does Elmer O & Ida Preston Educational Trust fund?

The trust’s stated recipient restriction is that recipients must be Iowa residents pursuing a career in Christian service. Its grants are described in the 2025 filing as support for post-high-school education. See mission & focus areas ↑

How do I apply for a grant from Elmer O & Ida Preston Educational Trust?

The trust accepts applications at any time. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Elmer O & Ida Preston Educational Trust's EIN?

Elmer O & Ida Preston Educational Trust's EIN (Employer Identification Number) is 42-6053621. 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. Research dossier generated September 2026.

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