Fairfax State BK Charitable Trust
Fairfax State BK Charitable Trust is a private foundation, based in Fairfax, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $519K in total assets. In 2025, it awarded 7 grants totaling $27K. Net investment income was $15K.
Fairfax State BK Charitable Trust at a glance
In short: Fairfax State BK Charitable Trust gave $27K across 7 grants in 2025 (avg $4K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $27,275
- +106.6% vs 2024
- Grants made (2025)
- 7
- -12.5% vs 2024
- Average grant
- $3,896
- +136.1% vs 2024
- Median grant
- $3,775
- Total assets
- $518,933
- -1.5% vs 2024
- Primary geography
- Iowa (99% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Fairfax State BK Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Mercy Medical Center Foundation ($10K). Together the top 7 received $27K.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 42 grants of 42 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How Fairfax State BK Charitable Trust gives
- Giving held roughly steady from 2022 to 2025 (−20%). Method
- In 2025 it paid out 109% 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 2019 to 2025, annual grant giving ranged from $13K (2024) to $34K (2022). In 2025 it made 7 grants totaling $27K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mercy Medical Center Foundation Cedar Rapids, IA | General Operating Budget | $10,000 |
| Prairie School Foundation Cedar Rapids, IA | General Operating Budget | $5,000 |
| Junior Achievement Cedar Rapids, IA | General Operating Budget | $4,250 |
| United Way of East Central Iowa Cedar Rapids, IA | General Operating Budget | $3,775 |
| American Legion Pekomy Post 572 Fairfax, IA | General Operating Budget | $3,000 |
| Iowa College Foundation Des Moines, IA | General Operating Budget | $1,000 |
| Mercy Ships Lindale, TX | General Operating Budget | $250 |
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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 | $518,933 | $21,110 | $28,970 | $27,275 | 7 | $28,010 | $15,375 | $25,793 |
| 2024 | $526,793 | $16,408 | $14,786 | $13,200 | 8 | $13,921 | $15,687 | $25,629 |
| 2023 | $525,171 | $31,055 | $16,860 | $15,500 | 2 | $16,170 | $10,386 | $25,145 |
| 2022 | $510,976 | $16,684 | $35,257 | $33,925 | 17 | $34,534 | $1,075 | $25,931 |
| 2021 | $529,549 | $38,839 | $27,303 | $25,900 | 8 | — | $8,230 | $26,099 |
| 2020 | $518,013 | $29,827 | $20,327 | $19,000 | 8 | — | $9,270 | $25,776 |
| 2019 | $508,513 | $27,140 | $24,215 | $23,000 | 3 | — | $8,589 | $25,498 |
Under IRS private-foundation payout rules, Fairfax State BK Charitable Trust reported a distributable amount of $26K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Fairfax State BK Charitable Trust's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Laurie Neuhaus
Trustee
On filings since 2022
1 hr/week
No compensation reported
Patrick Slater
Trustee
On filings since 2022
1 hr/week
No compensation reported
Former officers (2)
- Former: David Neuhaus (2019–2022) — Trustee
- Former: William E. Boland Jr. (2019–2022) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 Fairfax State BK Charitable Trust
How much does Fairfax State BK Charitable Trust give each year?
Fairfax State BK Charitable Trust gave $27K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $13K across 8 grants.
What is Fairfax State BK Charitable Trust's typical grant size?
Fairfax State BK Charitable Trust's median grant in 2025 was $3,775, and its average grant was $3,896, across 7 grants on its 2025 IRS Form 990-PF.
Where does Fairfax State BK Charitable Trust give grants?
Fairfax State BK Charitable Trust gives mostly in Iowa: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cedar Rapids, IA (4 grants).
Does Fairfax State BK Charitable Trust give general operating support?
Yes: 100% of Fairfax State BK Charitable Trust's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Fairfax State BK Charitable Trust's largest grantees?
Fairfax State BK Charitable Trust's largest 2025 grantees include Mercy Medical Center Foundation ($10,000), Prairie School Foundation ($5,000) and Junior Achievement ($4,250), according to its 2025 IRS Form 990-PF. Together they received 71% of its itemized 2025 grant dollars.
How large is Fairfax State BK Charitable Trust?
Fairfax State BK Charitable Trust reported $519K in total assets on its 2025 IRS Form 990-PF. It paid out $28K in qualifying distributions that year, against a required minimum of $26K (roughly 5% of its investment assets).
What is Fairfax State BK Charitable Trust's EIN?
Fairfax State BK Charitable Trust's EIN (Employer Identification Number) is 42-1356335. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 6, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 3, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 25, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 11, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 3, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in Fairfax State BK Charitable Trust's focus areas in our free grants database
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