Gustaf Thelin Trust
Gustaf Thelin Trust is a private foundation, based in Devils Lake, ND. IRS filing data is available for 2025. As of 2025, the organization holds $2.6M in total assets. In 2025, it awarded 2 grants totaling $128K. Net investment income was $136K.
Gustaf Thelin Trust at a glance
In short: Gustaf Thelin Trust gave $128K across 2 grants in 2025 (avg $64K), mostly in North Dakota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $128,179
- Grants made (2025)
- 2
- Average grant
- $64,090
- Median grant
- $64,090
- Total assets
- $2,646,665
- Primary geography
- North Dakota (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 Gustaf Thelin Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Lake Region State College ($96K). Together the top 2 received $128K.
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Gustaf Thelin Trust gives
- In 2025 it paid out 68% 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
In 2025 it made 2 grants totaling $128K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lake Region State College Devils Lake, ND | General Grant | $96,134 |
| UND Alumni Association Grand Forks, ND | General Grant | $32,045 |
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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 | $2,646,665 | $153,655 | $157,349 | $128,179 | 2 | $139,024 | $135,930 | $205,762 |
Under IRS private-foundation payout rules, Gustaf Thelin Trust reported a distributable amount of $206K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gustaf Thelin Trust's only listed officer is First United Bank, Trustee on the 2025 filing (compensated).
Officers on the 2025 filing
First United Bank
Trustee
New on the 2025 filing
1 hr/week
$20K (2025)
Data from IRS Form 990 filings, 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 $20K, to First United Bank (Trustee).
Frequently asked questions about Gustaf Thelin Trust
How much does Gustaf Thelin Trust give each year?
Gustaf Thelin Trust gave $128K across 2 grants in 2025, according to its 2025 IRS Form 990-PF.
How large is Gustaf Thelin Trust?
Gustaf Thelin Trust reported $2.6M in total assets on its 2025 IRS Form 990-PF. It paid out $139K in qualifying distributions that year, against a required minimum of $206K (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 Gustaf Thelin Trust operate?
Gustaf Thelin Trust has awarded grants in North Dakota.
What is Gustaf Thelin Trust's EIN?
Gustaf Thelin Trust's EIN (Employer Identification Number) is 45-6073518. IRS Form 990 filing data is available on this page for 2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 28, 2026)
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