Fahrney Education Fdtn Trust
Fahrney Education Fdtn Trust is a private foundation based in Milwaukee, Wisconsin. Its 2025 filings report grants for scholarships to educational institutions in Iowa.
Key facts about Fahrney Education Fdtn Trust
In short: Fahrney Education Fdtn Trust gave $233K across 17 grants in 2025 (avg $14K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- EIN
- 42-6295370
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $232,500
- Grants made (2025)
- 17
- Average grant
- $13,676
- Median grant
- $7,500
- Total assets
- $5,415,039
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- How to apply
- Request a scholarship application form by email to Teresa Lawson, and submit the completed form, transcript, and signed personal letter. Full details ↓
- Deadline
- The filing lists an annual deadline of February 15.
Data from IRS Form 990-PF, 2025; updated October 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
$5.4M
+6.5% YoY
Annual Giving
$233K
+0.0% YoY
Grant Count
17
+0.0% YoY
Avg Grant Size
$14K
+0.0% YoY
Under IRS private-foundation payout rules, Fahrney Education Fdtn Trust reported a distributable amount of $270K for 2025 — the minimum it must pay out in qualifying distributions.
How Fahrney Education Fdtn Trust gives
- Giving held roughly steady from 2022 to 2025 (−8%). Method
- In 2025 it paid out 95% 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.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants were designated for scholarships. Among its recipients, Indian Hills Community College describes its mission as operating the college’s dormitories and promoting the college. The University of Northern Iowa Foundation says its mission is to grow and sustain private resources and build relationships in support of the university, its students, faculty, staff, and programs.
Grantmaking
In 2025, the foundation reported 17 grants totaling $232,500. Grant amounts ranged from $2,500 to $52,500, with a median of $7,500. The largest grants included $52,500 to the University of Iowa, $47,500 to Iowa State University, $32,500 to Indian Hills Community College, and $22,500 to the University of Northern Iowa; each was designated for scholarships.
Review Cycle
The filing lists an annual deadline of February 15. The February 15, 2026 cycle has passed.
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Geographic Focus
Where this funder awards grants
All reported grant dollars in 2025 went to recipients in Iowa.
Grant Distribution by State
Share of 2025 grant dollars across all 17 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $232K (2024) to $281K (2023). In 2025 it made 17 grants totaling $233K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was University of Iowa ($53K). Together the top 10 received $215K.
Grant Size Distribution
92 grants across all recorded years
The most common grant size was under $50K: 87 grants of 92 (95%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Iowa Iowa City, IA | Scholarship | $52,500 |
| Iowa State University Ames, IA | Scholarship | $47,500 |
| Indian Hills Community College Ottumwa, IA | Scholarships | $32,500 |
| University of Northern Iowa Cedar Falls, IA | Scholarships | $22,500 |
| William Penn University Oskaloosa, IA | Scholarships | $12,500 |
| Simpson College Indianola, IA | Scholarships | $12,500 |
| Central College Pella, IA | Scholarships | $12,500 |
| Wartburg College Waverly, IA | Scholarship | $10,000 |
| Drake University Des Moines, IA | Scholarships | $7,500 |
| University of Dubuque Dubuque, IA | Scholarships | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grants | Total |
|---|---|---|
| 2025 | 17 | $232,500 |
| 2024 | 17 | $232,400 |
| 2023 | 19 | $281,400 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,415,039 | $5,082,920 | $4,608,961 |
| Revenue | $308,599 | $52,645 | $189,657 |
| Expenses | $298,989 | $297,509 | $343,820 |
| Qualifying Distributions | $256,588 | $256,390 | $303,391 |
| Net Investment Income | $266,511 | $91,247 | $150,777 |
| Distributable Amount | $269,996 | $248,509 | $250,278 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 2, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS January 16, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 15, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS December 22, 2025)
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Leadership team and compensation from IRS filings
U.S. Bank N.A. is listed as trustee on the 2025 filing.
Fahrney Education Fdtn Trust's only listed officer is U S Bank N A, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
U S Bank N A
Trustee
On filings since 2021
40 hrs/week
$55K (2021) → $59K (2025)
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
The highest reported compensation on the 2025 filing was $59K, to U S Bank N a (Trustee).
Contact
Application contact: U S Bank N A Trust Department
Mailing address: 123 E Third St, Ottumwa, IA 52501-8003
Phone: (641) 683-2053
Frequently asked questions about Fahrney Education Fdtn Trust
How much does Fahrney Education Fdtn Trust give each year?
Fahrney Education Fdtn Trust gave $233K across 17 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $232K across 17 grants.
What is Fahrney Education Fdtn Trust's typical grant size?
Fahrney Education Fdtn Trust's median grant in 2025 was $7,500, and its average grant was $13,676, across 17 grants on its 2025 IRS Form 990-PF.
Where does Fahrney Education Fdtn Trust give grants?
Fahrney Education Fdtn 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 Ottumwa, IA (2 grants) and Des Moines, IA (2 grants).
Does Fahrney Education Fdtn Trust give general operating support?
Not in 2025: none of the 17 grants with a stated purpose on Fahrney Education Fdtn Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (13 grants) and "Scholarship" (4 grants).
Who are Fahrney Education Fdtn Trust's largest grantees?
Fahrney Education Fdtn Trust's largest 2025 grantees include University of Iowa ($52,500), Iowa State University ($47,500) and Indian Hills Community College ($32,500), according to its 2025 IRS Form 990-PF. Together they received 57% of its itemized 2025 grant dollars.
How large is Fahrney Education Fdtn Trust?
Fahrney Education Fdtn Trust reported $5.4M in total assets on its 2025 IRS Form 990-PF. It paid out $257K in qualifying distributions that year, against a required minimum of $270K (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.
What does Fahrney Education Fdtn Trust fund?
No mission statement for the foundation is provided. Its 2025 grants were designated for scholarships. Among its recipients, Indian Hills Community College describes its mission as operating the college’s dormitories and promoting the college. See mission & focus areas ↑
How do I apply for a grant from Fahrney Education Fdtn Trust?
Request a scholarship application form by email to Teresa Lawson, and submit the completed form, transcript, and signed personal letter. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Fahrney Education Fdtn Trust's EIN?
Fahrney Education Fdtn Trust's EIN (Employer Identification Number) is 42-6295370. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Fahrney Education Fdtn Trust by hand.
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