Farstad Foundation

Private foundation · Grantmaker Minot, ND EIN: 81-3844675

Farstad Foundation is a private foundation, based in Minot, ND. IRS filing data is available from 2020 through 2021. In 2021, it awarded 3 grants totaling $178K.

Key facts about Farstad Foundation

In short: Farstad Foundation gave $178K across 3 grants in 2021 (avg $59K), mostly in North Dakota. Source: 2021 IRS Form 990-PF.

EIN
81-3844675
Latest 990 filing
Form 990-PF, 2021
Annual giving (2021)
$177,959
Grants made (2021)
3
Average grant
$59,320
Median grant
$25,000
Primary geography
North Dakota (100% of itemized 2021 grant dollars)

Data from IRS Form 990-PF, 2021; updated September 2026.

Financial Overview

From 2021 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$178K

+2.9% YoY

Grant Count

3

+0.0% YoY

Avg Grant Size

$59K

+2.9% YoY

Under IRS private-foundation payout rules, Farstad Foundation reported a distributable amount of $833 for 2021 — the minimum it must pay out in qualifying distributions.

How Farstad Foundation gives

  • In 2021 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2021 grant dollars across all 3 itemized grants.

States

Cities

MinotFargoRolla

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K3 grants2020 3 grants2021

From 2020 to 2021, annual grant giving ranged from $173K (2020) to $178K (2021). In 2021 it made 3 grants totaling $178K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2021

Souris Valley Animal Shelter: $150KSouris Valley Animal Shelter$150KDakota Territory Air Museum: $25KDakota Territory Air Museum$25KTurtle Mountain Animal Rescue: $3KTurtle Mountain Animal Rescue$3K

The largest 2021 recipient was Souris Valley Animal Shelter ($150K). Together the top 3 received $178K.

Grant Size Distribution

6 grants across all recorded years

3<$50K2$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 3 grants of 6 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Souris Valley Animal Shelter Minot, NDTo Provide Support for New Building.$150,000
Dakota Territory Air Museum Minot, NDGeneral Operations and Scholarships.$25,000
Turtle Mountain Animal Rescue Rolla, NDGeneral Operations.$2,959

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$100K$200K$300K2020 2021
Metric20212020
Total Assets—$38,407
Revenue$145,000$215,985
Expenses$183,407$179,779
Qualifying Distributions$177,959—
Distributable Amount$833$37,642

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2021

Leadership & Key People

Officers and directors from IRS filings

Farstad Foundation is led by Jeffery Farstad, President on every filing since 2020; none of the 5 officers listed in 2021 report compensation.

Officers on the 2021 filing

  • Jeffery Farstad

    President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Kathy Farstad

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Shane Farstad

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Teresa Coleman

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Christine Jaeger

    Secretary & Treasurer

    On filings since 2020

    5 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2021. "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 Farstad Foundation

How much does Farstad Foundation give each year?

Farstad Foundation gave $178K across 3 grants in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $173K across 3 grants.

What is Farstad Foundation's typical grant size?

Farstad Foundation's median grant in 2021 was $25,000, and its average grant was $59,320, across 3 grants on its 2021 IRS Form 990-PF.

Where does Farstad Foundation give grants?

Farstad Foundation gives mostly in North Dakota: 100% of the grant dollars itemized on its 2021 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Minot, ND (2 grants).

Does Farstad Foundation give general operating support?

Yes: 67% of Farstad Foundation's 2021 grants with a stated purpose (2 of 3) were for general or operating support, per its 2021 IRS Form 990-PF.

How much is Farstad Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2021, Farstad Foundation reported a distributable amount of $833 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Farstad Foundation's EIN?

Farstad Foundation's EIN (Employer Identification Number) is 81-3844675. IRS Form 990 filing data is available on this page for 2020–2021.

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

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

Figures come from Farstad 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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