Ernest C & Caryl K Pierson Foundation

Private foundation · Grantmaker Rio Verde, AZ EIN: 20-5753399

Ernest C & Caryl K Pierson Foundation is a private foundation, based in Rio Verde, AZ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 7 grants totaling $72K. Net investment income was $2K.

Ernest C & Caryl K Pierson Foundation at a glance

In short: Ernest C & Caryl K Pierson Foundation gave $72K across 7 grants in 2024 (avg $10K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$72,000
+860.0% vs 2023
Grants made (2024)
7
+250.0% vs 2023
Average grant
$10,286
+174.3% vs 2023
Median grant
$10,000
Total assets
$1,006,828
-6.1% vs 2023
Primary geography
Minnesota (69% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Ernest C & Caryl K Pierson Foundation funds

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

MPLS Park & Rec: $22KMPLS Park & Rec$22KMN Orchestra: $18KMN Orchestra$18KCentral Lutheran Church: $10KCentral Lutheran Church$10KEdina Young Life: $10KEdina Young Life$10KPegasus: $5KPegasus$5KVerdes Church: $5KVerdes Church$5KPepperdine University: $3KPepperdine University$3K

The largest 2024 recipient was MPLS Park & Rec ($22K). Together the top 7 received $72K.

Grant Size Distribution

21 grants across all recorded years

21<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 21 grants of 21 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

7states

Share of 2024 grant dollars across all 7 itemized grants.

Cities

MinneapolisColorado SpringsEvanstonWoodburyBloomingtonBozemanColumbusMalibuRio Verde

How Ernest C & Caryl K Pierson Foundation gives

  • Giving grew 220% from 2021 to 2024. Method
  • In 2024 it paid out 142% 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

$0$20K$40K$60K$80K4 grants2020 5 grants2021 3 grants2022 2 grants2023 7 grants2024

From 2020 to 2024, annual grant giving ranged from $8K (2023) to $72K (2024). In 2024 it made 7 grants totaling $72K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
MPLS Park & Rec Minneapolis, MNGeneral Support$22,000
MN Orchestra Minneapolis, MNGeneral Support$17,500
Central Lutheran Church Minneapolis, MNGeneral Support$10,000
Edina Young Life Colorado Springs, COGeneral Support$10,000
Pegasus Bozeman, MTGeneral Support$5,000
Verdes Church Rio Verde, AZGeneral Support$5,000
Pepperdine University Malibu, CAGeneral Support$2,500
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$1,006,828$19,215$83,404$72,0007$74,642$1,689$52,749
2023$1,071,965$13,686$12,750$7,5002$10,125$11,061$52,312
2022$1,071,029$4,379$8,190$8,1403$8,165$4,187$52,777
2021$1,074,840$74,867$22,501$22,4855$22,485$293$50,789
2020$1,022,474$1,537$12,000$12,0004—$1,537$50,675

Under IRS private-foundation payout rules, Ernest C & Caryl K Pierson Foundation reported a distributable amount of $53K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Ernest C & Caryl K Pierson Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Caryl K. Pierson

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Ernest C. Pierson

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "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 Ernest C & Caryl K Pierson Foundation

How much does Ernest C & Caryl K Pierson Foundation give each year?

Ernest C & Caryl K Pierson Foundation gave $72K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $8K across 2 grants.

What is Ernest C & Caryl K Pierson Foundation's typical grant size?

Ernest C & Caryl K Pierson Foundation's median grant in 2024 was $10,000, and its average grant was $10,286, across 7 grants on its 2024 IRS Form 990-PF.

Where does Ernest C & Caryl K Pierson Foundation give grants?

Ernest C & Caryl K Pierson Foundation gives mostly in Minnesota: 69% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Colorado (14%) and Montana (7%). The most frequent recipient cities were Minneapolis, MN (3 grants).

Does Ernest C & Caryl K Pierson Foundation give general operating support?

Yes: 100% of Ernest C & Caryl K Pierson Foundation's 2024 grants with a stated purpose (7 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Ernest C & Caryl K Pierson Foundation's largest grantees?

Ernest C & Caryl K Pierson Foundation's largest 2024 grantees include MPLS Park & Rec ($22,000), MN Orchestra ($17,500) and Central Lutheran Church ($10,000), according to its 2024 IRS Form 990-PF. Together they received 69% of its itemized 2024 grant dollars.

How large is Ernest C & Caryl K Pierson Foundation?

Ernest C & Caryl K Pierson Foundation reported $1.0M in total assets on its 2024 IRS Form 990-PF. It paid out $75K in qualifying distributions that year, against a required minimum of $53K (roughly 5% of its investment assets).

What is Ernest C & Caryl K Pierson Foundation's EIN?

Ernest C & Caryl K Pierson Foundation's EIN (Employer Identification Number) is 20-5753399. IRS Form 990 filing data is available on this page for 2020–2024.

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

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Ernest C & Caryl K Pierson Foundation'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.

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