Gustaf Thelin Trust

Private foundation · Grantmaker Devils Lake, ND EIN: 45-6073518

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.

Key facts about Gustaf Thelin Trust

In short: Gustaf Thelin Trust gave $128K across 2 grants in 2025 (avg $64K), mostly in North Dakota. Source: 2025 IRS Form 990-PF.

EIN
45-6073518
Latest 990 filing
Form 990-PF, 2025
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)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$2.6M

Annual Giving

$128K

Grant Count

2

Avg Grant Size

$64K

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 2 itemized 2025 grant dollars.

States

Cities

Devils LakeGrand Forks

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K2 grants2025

In 2025 it made 2 grants totaling $128K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Lake Region State College: $96KLake Region State College$96KUnd Alumni Association: $32KUnd Alumni Association$32K

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

1<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 1 grant of 2 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Lake Region State College Devils Lake, NDGeneral Grant$96,134
Und Alumni Association Grand Forks, NDGeneral Grant$32,045

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2025
Metric2025
Total Assets$2,646,665
Revenue$153,655
Expenses$157,349
Qualifying Distributions$139,024
Net Investment Income$135,930
Distributable Amount$205,762

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS July 28, 2026)

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

First United Bank — Trustee: $20KFirst United BankTrustee$20K

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).

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.

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