Elmer O & Ida Preston Educational Trust
The Elmer O & Ida Preston Educational Trust is a private foundation based in Des Moines, Iowa. Its 2025 filing describes grants and loans for Iowa residents pursuing a career in Christian service; listed grant purposes also show support for post-high-school education.
Elmer O & Ida Preston Educational Trust at a glance
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.
- Annual giving (2025)
- $64,100
- +8.0% vs 2024
- Grants made (2025)
- 27
- +22.7% vs 2024
- Average grant
- $2,374
- -12.0% vs 2024
- Median grant
- $2,000
- Total assets
- $2,190,297
- +7.7% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Elmer O & Ida Preston Educational Trust
- How to Apply
-
The filing says applications may be submitted at any time. An application should include information about the reason or purpose of the grant or loan and the parties to contact. The filing says recipients are monitored for satisfactory performance and proper use of funds, and must be Iowa residents pursuing a career in Christian service.
- Contact
Application contact: Monica Morgan Trustee
Mailing address: 801 Grand Ave Ste 3700, Des Moines, IA 50309-2727
Phone: (515) 243-4191
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Elmer O & Ida Preston Educational Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
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
The most common grant size was under $50K: 117 grants of 117 (100%).
Geographic Focus
Where this funder awards grants
The filing requires recipients to be Iowa residents. All grant dollars reported for 2025 went to recipients in Iowa.
Grant Distribution by State
Share of 2025 grant dollars across all 27 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $58K (2023) to $142K (2020). In 2025 it made 27 grants totaling $64K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Seth Thompson Des Moines, IA | Grant for Post-High School Education | $5,000 |
| Joseph Turman Des Moines, IA | Grant for Post-High School Education | $5,000 |
| Nathaniel Baum Des Moines, IA | Grant for Post-High School Education | $4,000 |
| Luke Treiber Des Moines, IA | Grant for Post-High School Education | $4,000 |
| Welsey Blomberg Des Moines, IA | Grant for Post-High School Education | $3,750 |
| Marco Muniz Azurin Des Moines, IA | Grant for Post-High School Education | $3,750 |
| Daniel Luepke Des Moines, IA | Grant for Post-High School Education | $3,500 |
| Tylor Moore Des Moines, IA | Grant for Post-High School Education | $3,000 |
| Benjamin Flinck Des Moines, IA | Grant for Post-High School Education | $2,500 |
| Daniel Foerster Des Moines, IA | Grant for Post-High School Education | $2,500 |
Ready to take the next step with Elmer O & Ida Preston Educational Trust?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,190,297 | $344,603 | $191,855 | $64,100 | 27 | $173,405 | $282,626 | $105,067 |
| 2024 | $2,033,196 | $208,951 | $184,275 | $59,375 | 22 | $153,700 | $150,387 | $99,534 |
| 2023 | $2,000,812 | $103,252 | $177,899 | $57,875 | 22 | $155,866 | $44,717 | $90,397 |
| 2022 | $2,066,632 | $40,180 | $170,900 | $86,250 | 27 | $157,965 | $8,726 | $96,233 |
| 2021 | $2,200,215 | $337,643 | $200,559 | $88,500 | 19 | $241,527 | $306,111 | $99,959 |
| 2020 | $2,035,245 | $156,959 | $183,289 | $141,500 | 30 | — | $120,699 | $93,994 |
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.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The filing states that recipients must be Iowa residents pursuing a career in Christian service. The 2025 grants listed were for post-high-school education.
Grantmaking
In 2025, the trust reported 27 grants totaling $64,100. Grant amounts ranged from $500 to $5,000, with a median of $2,000. The largest awards included two grants of $5,000, two of $4,000, and two of $3,750. The reported grant purposes were post-high-school education.
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
The highest reported compensation on the 2025 filing was $25K, to Proctor David JW (Trustee). 3 officers or directors reported compensation on that filing.
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 filing states that recipients must be Iowa residents pursuing a career in Christian service. The 2025 grants listed were for post-high-school education. See mission & focus areas ↑
How do I apply for a grant from Elmer O & Ida Preston Educational Trust?
The filing says applications may be submitted 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 October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 22, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 22, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2020–2024
Other open foundation grants in Iowa
Iowa Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Elmer O & Ida Preston Educational Trust's focus areas in our free grants database
Similar Funders
Similar funders in Iowa
Community Fdn of Greater Des Moines F/K/a Greater Des Moines Community Fdn
Des Moines, IA
The Community Foundation of Greater Des Moines supports projects that improve quality of life in Greater Des Moines, including housing and transportation access, health, economic opportunity, inclusive communities, and nonprofit capacity-building. Its 2024 itemized grants had a median of about $12,900, though awards ranged from roughly $5,000 to $7.34 million.
Assets
$918.7M
Grants
1,259
Total Given
$55.7M
Pella Rolscreen Foundation
Pella, IA
The Pella Rolscreen Foundation supports charitable organizations working in education and community betterment, including civic, cultural, social, and physical-environment programs in communities where Pella Corporation employees live. Large grants generally range from $10,000 to $50,000 and typically cover no more than 25% of project costs; its 2024 grants had a median of $1,029. It accepts unsolicited requests from eligible 501(c)(3) nonprofits and government entities in communities where Pella has manufacturing plants.
Assets
$22.4M
Grants
433
Total Given
$1.9M
Prairie Meadows Race Track and Casino Inc
Altoona, IA
Prairie Meadows supports Iowa nonprofits in arts and culture, education, economic development, human services, and youth sports and recreation; Legacy grants focus on large-scale projects in central Iowa. Its programs offer $100–$1 million for Legacy, $100–$99,999 for Community Betterment, and $1,000–$50,000 for Youth Sports and Recreation. It accepts applications through its online system; the 2026 deadline was February 27, 2026, and has passed.
Assets
$327.6M
Grants
409
Total Given
$33.0M
Iowa Health Care Association Foundation
West Des Moines, IA
The Iowa Health Care Association Foundation funds scholarships and career-education resources for employees of member long-term-care organizations and Iowa high school students pursuing long-term-care careers. Its typical giving level varies: it awarded 287 grants totaling about $4.1 million in 2024, and the listed high school scholarship is $2,000. Its programs focus on Iowa; the profile does not state whether it accepts unsolicited requests.
Assets
$329K
Grants
287
Total Given
$4.1M
New Charitable Foundation
Fort Dodge, IA
Assets
$6K
Grants
264
Total Given
$294K
Quad Cities Community Foundation
Bettendorf, IA
Quad Cities Community Foundation funds nonprofit operations and programs across areas including education, health, arts and culture, community development, youth, and the environment, primarily in Rock Island County, Illinois, and Scott County, Iowa, with some service to surrounding counties. Its 2024 grants had a median of $15,000; its Operations and Programs Grants program lists requests of $5,000–$20,000.
Assets
$209.7M
Grants
263
Total Given
$7.5M
More similar funders
More Funders in Iowa
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Elmer O & Ida Preston Educational 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.
Elmer O & Ida Preston Educational Trust down — hundreds of funders to go?