Frank W Veden Charitable Trust
Frank W Veden Charitable Trust is a private foundation, based in Sioux Falls, SD. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $12.8M in total assets. In 2025, it awarded 9 grants totaling $535K. Net investment income was $557K.
Frank W Veden Charitable Trust at a glance
In short: Frank W Veden Charitable Trust gave $535K across 9 grants in 2025 (avg $59K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $535,100
- +105.8% vs 2024
- Grants made (2025)
- 9
- +50.0% vs 2024
- Average grant
- $59,456
- +37.2% vs 2024
- Median grant
- $50,000
- Total assets
- $12,776,665
- -0.6% vs 2024
- Primary geography
- Minnesota (100% 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 Frank W Veden Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Apple Tree Dental ($105K). Together the top 9 received $535K.
Grant Size Distribution
49 grants across all recorded years
The most common grant size was under $50K: 30 grants of 49 (61%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
States
Cities
How Frank W Veden Charitable Trust gives
- Giving fell 29% from 2022 to 2025. Method
- In 2025 it paid out 72% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $203K (2021) to $1.2M (2023). In 2025 it made 9 grants totaling $535K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Apple Tree Dental New Brighton, MN | General Support | $105,000 |
| Pioneer Home Foundation Fergus Falls, MN | General Support | $100,000 |
| A Place to Belong Fergus Falls, MN | General Support | $100,000 |
| Alexandria Area YMCA Alexandria, MN | General Support | $75,000 |
| West Central Initiative Fergus Falls, MN | Early Childhood Dental Care | $50,000 |
| Fergus Falls Center for the Arts Inc Fergus Falls, MN | General Support | $30,000 |
| City of Fergus Falls Fergus Falls, MN | Sculpture Walk | $25,100 |
| Minnesota Historical Society St. Paul, MN | General Support | $25,000 |
| Humane Society of Otter Tail County Fergus Falls, MN | General Support | $25,000 |
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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 | $12,776,665 | $702,406 | $782,165 | $535,100 | 9 | $634,698 | $556,799 | $882,167 |
| 2024 | $12,857,652 | $3,700,155 | $552,092 | $260,000 | 6 | $350,107 | $3,565,439 | $770,394 |
| 2023 | $9,711,496 | $62,576 | $1,426,397 | $1,231,667 | 13 | $1,309,126 | $175,702 | $703,784 |
| 2022 | $11,075,170 | $126,155 | $962,692 | $758,676 | 14 | $840,831 | $152,456 | $734,731 |
| 2021 | $11,911,200 | $1,787,572 | $445,248 | $203,000 | 7 | $283,780 | $1,669,698 | $772,934 |
| 2020 | $10,569,594 | $1,401,046 | $616,579 | $417,600 | 7 | — | $1,292,251 | $621,432 |
| 2019 | $9,812,846 | $448,525 | $763,664 | $620,950 | 6 | — | $311,575 | $599,580 |
Under IRS private-foundation payout rules, Frank W Veden Charitable Trust reported a distributable amount of $882K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Frank W Veden Charitable Trust's 2025 filing lists 3 officers; all 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
Gary M. Johnson
Trustee
Co-Trustee → Trustee, 2020
On filings since 2019
8 hrs/week
$31K (2019) → $45K (2025)
Robert J. Struyk
Trustee
On filings since 2020
8 hrs/week
$10K (2020) → $45K (2025)
Sarah S. Godfrey
Trustee
On filings since 2020
8 hrs/week
$27K (2020) → $35K (2025)
Former officers (3)
- Former: Harriet L. Broin (2019–2020) — Trustee
- Former: US Bank (2020) — Trustee
- Former: US Bank N A (2019) — Co-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
The highest reported compensation on the 2025 filing was $45K, to Gary M Johnson (Trustee). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Frank W Veden Charitable Trust
How much does Frank W Veden Charitable Trust give each year?
Frank W Veden Charitable Trust gave $535K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $260K across 6 grants.
What is Frank W Veden Charitable Trust's typical grant size?
Frank W Veden Charitable Trust's median grant in 2025 was $50,000, and its average grant was $59,456, across 9 grants on its 2025 IRS Form 990-PF.
Where does Frank W Veden Charitable Trust give grants?
Frank W Veden Charitable Trust gives mostly in Minnesota: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Fergus Falls, MN (6 grants).
Does Frank W Veden Charitable Trust give general operating support?
Yes: 78% of Frank W Veden Charitable Trust's 2025 grants with a stated purpose (7 of 9) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Frank W Veden Charitable Trust's largest grantees?
Frank W Veden Charitable Trust's largest 2025 grantees include Apple Tree Dental ($105,000), Pioneer Home Foundation ($100,000) and A Place to Belong ($100,000), according to its 2025 IRS Form 990-PF. Together they received 57% of its itemized 2025 grant dollars.
How large is Frank W Veden Charitable Trust?
Frank W Veden Charitable Trust reported $12.8M in total assets on its 2025 IRS Form 990-PF. It paid out $635K in qualifying distributions that year, against a required minimum of $882K (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 is Frank W Veden Charitable Trust's EIN?
Frank W Veden Charitable Trust's EIN (Employer Identification Number) is 41-6432193. 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 May 8, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 26, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 3, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 17, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
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