Grace Wormer Testamentary Trust
Grace Wormer Testamentary Trust is a private foundation, based in Eagan, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.4M in total assets. In 2025, it awarded 3 grants totaling $93K. Net investment income was $134K.
Grace Wormer Testamentary Trust at a glance
In short: Grace Wormer Testamentary Trust gave $93K across 3 grants in 2025 (avg $31K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $93,182
- +9.3% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $31,061
- +9.3% vs 2024
- Median grant
- $37,273
- Total assets
- $1,428,955
- +2.5% vs 2024
- Primary geography
- Iowa (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 Grace Wormer Testamentary Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was University of Iowa Foundation ($37K). Together the top 3 received $93K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Grace Wormer Testamentary Trust gives
- Giving held roughly steady from 2022 to 2025 (−12%). Method
- In 2025 it paid out 94% 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 $85K (2024) to $106K (2022). In 2025 it made 3 grants totaling $93K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Iowa Foundation Iowa City, IA | Scholarship | $37,273 |
| Cornell College Mount Vernon, IA | Scholarship | $37,273 |
| St Lukes Foundation Cedar Rapids, IA | Scholarship | $18,636 |
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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 | $1,428,955 | $165,666 | $130,262 | $93,182 | 3 | $97,916 | $134,218 | $103,918 |
| 2024 | $1,394,068 | $161,503 | $121,605 | $85,288 | 3 | $89,841 | $132,492 | $97,735 |
| 2023 | $1,354,166 | $156,492 | $121,607 | $90,323 | 3 | $94,617 | $128,698 | $89,582 |
| 2022 | $1,319,296 | $84,580 | $140,075 | $105,730 | 3 | $110,127 | $55,490 | $94,721 |
| 2021 | $1,374,792 | $151,186 | $127,078 | $92,297 | 3 | $97,058 | $120,808 | $111,109 |
| 2020 | $1,350,690 | $47,679 | $121,041 | $92,300 | 3 | — | $22,075 | $95,228 |
| 2019 | $1,424,084 | $94,082 | $122,362 | $91,137 | 3 | — | $68,443 | $95,816 |
Under IRS private-foundation payout rules, Grace Wormer Testamentary Trust reported a distributable amount of $104K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Grace Wormer Testamentary Trust's only listed officer is US Bank N A, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2019
1 hr/week
$28K (2019) → $32K (2025)
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 $32K, to US Bank N a (Trustee).
Frequently asked questions about Grace Wormer Testamentary Trust
How much does Grace Wormer Testamentary Trust give each year?
Grace Wormer Testamentary Trust gave $93K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $85K across 3 grants.
What is Grace Wormer Testamentary Trust's typical grant size?
Grace Wormer Testamentary Trust's median grant in 2025 was $37,273, and its average grant was $31,061, across 3 grants on its 2025 IRS Form 990-PF.
Where does Grace Wormer Testamentary Trust give grants?
Grace Wormer Testamentary Trust gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Grace Wormer Testamentary Trust give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Grace Wormer Testamentary Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (3 grants).
How large is Grace Wormer Testamentary Trust?
Grace Wormer Testamentary Trust reported $1.4M in total assets on its 2025 IRS Form 990-PF. It paid out $98K in qualifying distributions that year, against a required minimum of $104K (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 Grace Wormer Testamentary Trust's EIN?
Grace Wormer Testamentary Trust's EIN (Employer Identification Number) is 42-6402869. 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 7, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 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 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2019–2024
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