Frances Borgelt Trust

Private foundation · Grantmaker Eagan, MN EIN: 47-6040198

Frances Borgelt Trust is a private foundation, based in Eagan, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $159K in total assets. In 2025, it awarded 2 grants totaling $4K. Net investment income was $14K.

Key facts about Frances Borgelt Trust

In short: Frances Borgelt Trust gave $4K across 2 grants in 2025 (avg $2K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.

EIN
47-6040198
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$4,305
Grants made (2025)
2
Average grant
$2,153
Median grant
$2,153
Total assets
$158,633
Primary geography
Massachusetts (67% 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

$159K

+5.2% YoY

Annual Giving

$4K

-33.7% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$2K

-33.7% YoY

Under IRS private-foundation payout rules, Frances Borgelt Trust reported a distributable amount of $9K for 2025 — the minimum it must pay out in qualifying distributions.

How Frances Borgelt Trust gives

  • Giving fell 46% from 2022 to 2025. Method
  • In 2025 it paid out 67% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2025 grant dollars across all 2 itemized grants.

Cities

BostonLincoln

Giving Over Time

Total grant dollars and number of grants per year

$0$2K$4K$6K$8K2 grants2019 2 grants2020 2 grants2021 2 grants2022 2 grants2023 2 grants2024 2 grants2025

From 2019 to 2025, annual grant giving ranged from $4K (2025) to $8K (2022). In 2025 it made 2 grants totaling $4K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Thefirst Church of Christ Scientist: $3KThefirst Church of ChristScientist$3KSecond Church of Christ Scientist: $1KSecond Church of ChristScientist$1K

The largest 2025 recipient was Thefirst Church of Christ Scientist ($3K). Together the top 2 received $4K.

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
Thefirst Church of Christ Scientist Boston, MAGeneral Operating$2,870
Second Church of Christ Scientist Lincoln, NEGeneral Operating$1,435

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10K$20K$30K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$158,633$150,829$154,466
Revenue$16,773$7,352$6,321
Expenses$8,911$10,990$11,870
Qualifying Distributions$6,099$8,280$9,409
Net Investment Income$13,884$4,712$3,571
Distributable Amount$9,038$8,738$8,089

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
  2. Updated Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
  3. Added Form 990-PF for fiscal year 2019 (received by the IRS May 7, 2020)
  4. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
  5. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
  6. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
  7. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 5, 2024)

Leadership & Key People

Officers and directors from IRS filings

Frances Borgelt Trust's only listed officer is US Bank N A, Trustee on filings since 2019 (compensated).

Officers on the 2025 filing

  • US Bank N A

    Trustee

    On filings since 2019

    1 hr/week

    $3K (2019) → $3K (2025)

Former officers (1)
  • Former: US Bank NA (2024) — 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.

Compensation Overview

From 2025 IRS filing

US Bank N a — Trustee: $3KUS Bank N aTrustee$3K

The highest reported compensation on the 2025 filing was $3K, to US Bank N a (Trustee).

Frequently asked questions about Frances Borgelt Trust

How much does Frances Borgelt Trust give each year?

Frances Borgelt Trust gave $4K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $6K across 2 grants.

How large is Frances Borgelt Trust?

Frances Borgelt Trust reported $159K in total assets on its 2025 IRS Form 990-PF. It paid out $6K in qualifying distributions that year, against a required minimum of $9K (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.

Where does Frances Borgelt Trust operate?

Frances Borgelt Trust has awarded grants in Massachusetts, Nebraska.

What is Frances Borgelt Trust's EIN?

Frances Borgelt Trust's EIN (Employer Identification Number) is 47-6040198. 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.

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