Frederick B Wells Jr Trust Fund
Frederick B Wells Jr Trust Fund is a private foundation, based in Eagan, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $19.3M in total assets. In 2025, it awarded 1 grant totaling $761K. Net investment income was $1.3M.
Frederick B Wells Jr Trust Fund at a glance
In short: Frederick B Wells Jr Trust Fund gave $761K across 1 grant in 2025 (avg $761K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $761,370
- -8.1% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $761,370
- -8.1% vs 2024
- Median grant
- $761,370
- Total assets
- $19,330,047
- +2.7% 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 Frederick B Wells Jr Trust Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was University of Minnesota Foundation ($761K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $500K–1M range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Frederick B Wells Jr Trust Fund gives
- Giving held roughly steady from 2022 to 2025 (−10%). 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $761K (2025) to $926K (2020). In 2025 it made 1 grant totaling $761K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Minnesota Foundation Minneapolis, MN | General Operating | $761,370 |
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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 | $19,330,047 | $1,545,117 | $1,033,001 | $761,370 | 1 | $789,649 | $1,306,417 | $1,184,117 |
| 2024 | $18,820,765 | $2,089,042 | $1,054,005 | $828,454 | 1 | $847,150 | $1,897,308 | $1,113,953 |
| 2023 | $17,799,453 | $712,805 | $1,039,935 | $856,037 | 1 | $874,061 | $537,170 | $1,013,887 |
| 2022 | $18,139,621 | $550,830 | $1,043,129 | $845,881 | 1 | $863,922 | $384,459 | $1,028,952 |
| 2021 | $18,647,298 | $1,792,779 | $1,068,655 | $869,587 | 1 | $888,670 | $1,618,679 | $1,170,126 |
| 2020 | $17,938,880 | $666,989 | $1,104,340 | $926,103 | 1 | — | $506,160 | $991,122 |
Under IRS private-foundation payout rules, Frederick B Wells Jr Trust Fund reported a distributable amount of $1.2M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Frederick B Wells Jr Trust Fund's only listed officer is US Bank N A, Trustee on filings since 2020 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2020
1 hr/week
$149K (2020) → $190K (2025)
Former officers (1)
- Former: US Bank NA (2023–2024) — Trustee
Data from IRS Form 990 filings, 2020–2025. "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 $190K, to US Bank N a (Trustee).
Frequently asked questions about Frederick B Wells Jr Trust Fund
How much does Frederick B Wells Jr Trust Fund give each year?
Frederick B Wells Jr Trust Fund gave $761K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $828K across 1 grant.
How large is Frederick B Wells Jr Trust Fund?
Frederick B Wells Jr Trust Fund reported $19.3M in total assets on its 2025 IRS Form 990-PF. It paid out $790K in qualifying distributions that year, against a required minimum of $1.2M (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 Frederick B Wells Jr Trust Fund operate?
Frederick B Wells Jr Trust Fund has awarded grants in Minnesota.
What is Frederick B Wells Jr Trust Fund's EIN?
Frederick B Wells Jr Trust Fund's EIN (Employer Identification Number) is 41-6015486. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2020–2024
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