Emil O Schultz Testamentary Trust

Private foundation · Grantmaker Eagan, MN EIN: 39-6372943

Emil O Schultz Testamentary Trust is a private foundation focused on Education, based in Eagan, MN. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $391K in total assets. In 2025, it awarded 2 grants totaling $12K. Net investment income was $30K.

Key facts about Emil O Schultz Testamentary Trust

In short: Emil O Schultz Testamentary Trust gave $12K across 2 grants in 2025 (avg $6K), mostly in Wisconsin. Source: 2025 IRS Form 990-PF.

EIN
39-6372943
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$11,820
Grants made (2025)
2
Average grant
$5,910
Median grant
$5,910
Total assets
$390,563
Primary geography
Wisconsin (50% 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

$391K

+4.4% YoY

Annual Giving

$12K

-51.9% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$6K

-51.9% YoY

Under IRS private-foundation payout rules, Emil O Schultz Testamentary Trust reported a distributable amount of $21K for 2025 — the minimum it must pay out in qualifying distributions.

How Emil O Schultz Testamentary Trust gives

  • Giving grew 23% from 2022 to 2025. Method
  • In 2025 it paid out 68% 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.

Your AI grants department

Ready to take the next step with Emil O Schultz Testamentary Trust?

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 2 itemized 2025 grant dollars.

Cities

ElroySioux City

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K2 grants20212 grants20222 grants20232 grants20242 grants2025

From 2021 to 2025, annual grant giving ranged from $6K (2021) to $25K (2024). In 2025 it made 2 grants totaling $12K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

City of Elroy: $6KCity of Elroy$6KMorningside College: $6KMorningside College$6K

The largest 2025 recipient was City of Elroy ($6K). Together the top 2 received $12K.

Grant Size Distribution

10 grants across all recorded years

10<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 10 grants of 10 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
City of Elroy Elroy, WIGeneral Operating$5,910
Morningside College Sioux City, IAGeneral Operating$5,910

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K20212022202320242025
Metric202520242023
Total Assets$390,563$374,180$389,762
Revenue$36,886$16,570$11,110
Expenses$20,372$32,159$24,130
Qualifying Distributions$13,993$26,626$18,895
Net Investment Income$30,168$11,152$9,073
Distributable Amount$20,595$20,142$19,316

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 11, 2022)
  2. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
  3. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 5, 2024)
  4. Updated Form 990-PF for fiscal year 2024 (received by the IRS August 27, 2025)
  5. Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
  6. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

Emil O Schultz Testamentary Trust's only listed officer is US Bank N A, Trustee on filings since 2021 (compensated).

Officers on the 2025 filing

  • US Bank N A

    Trustee

    On filings since 2021

    1 hr/week

    $7K (2021) → $7K (2025)

Former officers (1)
  • Former: US Bank NA (2023–2024) — Trustee

Data from IRS Form 990 filings, 2021–2025. "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

US Bank N a — Trustee: $7KUS Bank N aTrustee$7K

The highest reported compensation on the 2025 filing was $7K, to US Bank N a (Trustee).

Frequently asked questions about Emil O Schultz Testamentary Trust

How much does Emil O Schultz Testamentary Trust give each year?

Emil O Schultz Testamentary Trust gave $12K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $25K across 2 grants.

How large is Emil O Schultz Testamentary Trust?

Emil O Schultz Testamentary Trust reported $391K in total assets on its 2025 IRS Form 990-PF. It paid out $14K in qualifying distributions that year, against a required minimum of $21K (roughly 5% of its investment assets).

What is Emil O Schultz Testamentary Trust?

Emil O Schultz Testamentary Trust is a private foundation focused on Education, based in Eagan, MN. It holds $391K in total assets as of 2025.

Where does Emil O Schultz Testamentary Trust operate?

Emil O Schultz Testamentary Trust has awarded grants in Iowa, Indiana, Wisconsin.

What is Emil O Schultz Testamentary Trust's EIN?

Emil O Schultz Testamentary Trust's EIN (Employer Identification Number) is 39-6372943. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Your AI grants department

Here's the math on researching Emil O Schultz Testamentary Trust by hand.

Explore Open Grants

Browse active grant opportunities in Emil O Schultz Testamentary Trust's focus areas in our free grants database

Similar Funders

Funders that support many of the same organizations

The Minneapolis Foundation

Minneapolis, MN

The Minneapolis Foundation supports civic, social, and economic needs, including economic mobility, education equity, community safety, health, and the environment. In 2025, its grants had a median of $25,000, though awards varied widely; 77% of grant dollars went to Minnesota recipients. It does not state a general policy on unsolicited requests; current opportunities are closed, and some programs are invitation-based.

Philanthropy, Voluntarism & Grantmaking

Assets

$1.2B

Grants

1,565

Total Given

$121.7M

Saint Paul & Minnesota Foundation

St. Paul, MN

The Saint Paul & Minnesota Foundation funds community-led work in areas including economic development, health and human services, youth and education, arts and culture, democracy, and nonprofit capacity, serving the East Metro and communities statewide. Its 2025 grants had a median of $26,000, while the Management Improvement Fund offers up to $15,000. It accepts unsolicited requests through open application programs, though some opportunities are invite-only.

Philanthropy, Voluntarism & Grantmaking

Assets

$1.7B

Grants

1,473

Total Given

$107.2M

The Richard M Schulze Family Foundation

Minneapolis, MN

The Richard M. Schulze Family Foundation funds education, health care, and human services, including college scholarships, with most support benefiting working- and middle-class families in specified Minnesota and Florida counties; it also makes some national grants. Its 2024 grants had a median of $5,000, though awards ranged from $50 to $10 million. It plans to move to invitation-only grantmaking in 2027; whether it currently accepts unsolicited requests is not stated.

Assets

—

Grants

1,431

Total Given

$47.9M

Wells Fargo Foundation

Minneapolis, MN

The Wells Fargo Foundation funds nonprofits working on financial opportunity, affordable housing, and small-business growth, with giving at national and local levels. Its 2025 grants ranged from $3,000 to $8 million, with a median of $35,000. It does not accept unsolicited requests; eligible organizations are invited to apply.

Philanthropy, Voluntarism & Grantmaking

Assets

$8.6M

Grants

1,376

Total Given

$157.4M

C K Blandin Foundation

Grand Rapids, MN

The C K Blandin Foundation funds community wealth-building, rural placemaking and small-community efforts, including work on housing, civic engagement, community spaces and food systems. It primarily supports rural Minnesota, especially Itasca County and nearby communities, and its 2024 median grant was $2,900, though awards ranged from $50 to $335,000.

Assets

—

Grants

931

Total Given

$15.8M

The McKnight Foundation

Minneapolis, MN

The McKnight Foundation funds nonprofit organizations, research, and community initiatives in arts and culture, food systems, climate and energy, neuroscience, and equitable communities, primarily in Minnesota and the Midwest, with some work in Africa and South America and beyond. Its 2024 grants ranged from $1,150 to $10 million, with a median of $100,000; prospective applicants are asked to contact program staff first, who provide proposal instructions if they determine funding may be considered.

Assets

—

Grants

790

Total Given

$145.9M

Neighborhood Development Center Inc

Saint Paul, MN

Neighborhood Development Center supports entrepreneurs and neighborhood revitalization through business financing, training, services, and affordable commercial space, primarily in Saint Paul and Minneapolis, with grants going to Minnesota recipients. Its 2025 grants ranged from $5,100 to $207,211, with a median of $13,500. It does not state a general policy on unsolicited requests; a specific small-business grant RFP described was a past cycle.

Human Services

Assets

$55.3M

Grants

571

Total Given

$10.2M

Marshall H and Nellie Alworth

Duluth, MN

The Marshall H and Nellie Alworth Memorial Fund awards scholarships to eligible students pursuing mathematics, science, engineering, or medical fields, primarily serving students from northern Minnesota. Recent awards were typically $2,500, with grants ranging from $2,500 to $3,000. It accepts applications through its scholarship programs; high-school applications are due January 15, and the college-transfer pathway also has an application process.

Assets

—

Grants

566

Total Given

$1.5M

Catholic Community Foundation

St. Paul, MN

The Catholic Community Foundation of Minnesota funds spiritual, educational, and social needs through grants for education, capital improvements, assistance programs, and other charitable purposes. Its 2025 grants had a median of $16,124, and at least half of grants over any three-year period are intended for Minnesota organizations; 86% of 2025 grant dollars went to Minnesota. Its Social Impact and Educational Impact programs are invitation-only, while other CCF-directed programs may offer open, competitive applications.

Philanthropy, Voluntarism & Grantmaking

Assets

$751.7M

Grants

504

Total Given

$43.9M

Communitygiving

St Cloud, MN

CommunityGiving supports nonprofits, schools, government entities, students, and community initiatives through partner foundations, donor-directed funds, competitive grants, and scholarships. Its 2025 grants ranged from $5,100 to $680,477, with a median of $15,528; most funding went to Minnesota, though its network also includes Derby, Kansas. Competitive grant applications are accepted through online systems for specific opportunities; the profile does not state whether it accepts unsolicited requests generally.

Philanthropy, Voluntarism & Grantmaking

Assets

$282.6M

Grants

426

Total Given

$16.7M

Pohlad Family Foundation

Minneapolis, MN

Philanthropy, Voluntarism & Grantmaking

Assets

—

Grants

372

Total Given

$14.1M

Borealis Philanthropy

Minneapolis, MN

Borealis Philanthropy supports movement-led work in areas including Black-led movements, disability justice, racial equity, and community-based alternatives to policing; its 2024 grants had a median of $80,000, with awards ranging from $6,000 to $1.283 million. Its grants went to organizations across the country, with the largest shares in California, New York, Washington, DC, Georgia, and North Carolina; the Disability Inclusion Fund accepts applications, and the Fund for Trans Generations Rapid Response Fund accepts requests on a rolling basis.

Arts, Culture & Humanities

Assets

$78.2M

Grants

360

Total Given

$37.3M

More Funders in Minnesota

Emil O Schultz Testamentary Trust down — hundreds of funders to go?

Want AI to do this for you?