Herbert and Peggy Iffert Trust
Herbert and Peggy Iffert Trust is a private foundation, based in Eagan, MN. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $4.5M in total assets. In 2025, it awarded 2 grants totaling $208K. Net investment income was $268K.
Herbert and Peggy Iffert Trust at a glance
In short: Herbert and Peggy Iffert Trust gave $208K across 2 grants in 2025 (avg $104K), mostly in Missouri. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $208,359
- -5.6% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $104,180
- -5.6% vs 2024
- Median grant
- $104,180
- Total assets
- $4,501,211
- +1.0% vs 2024
- Primary geography
- Missouri (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 Herbert and Peggy Iffert Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Mo Western Foundation ($135K). Together the top 2 received $208K.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $50–100K range: 3 grants of 6 (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 Herbert and Peggy Iffert Trust gives
- In 2025 it paid out 91% 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 2023 to 2025, annual grant giving ranged from $208K (2025) to $241K (2023). In 2025 it made 2 grants totaling $208K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mo Western Foundation Saint Joseph, MO | General Operating | $135,433 |
| Faith United Church Saint Joseph, MO | General Operating | $72,926 |
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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 | $4,501,211 | $325,520 | $283,937 | $208,359 | 2 | $215,820 | $267,863 | $236,578 |
| 2024 | $4,458,406 | $643,604 | $289,807 | $220,703 | 2 | $230,604 | $588,492 | $224,111 |
| 2023 | $4,106,635 | $248,922 | $298,130 | $240,666 | 2 | $247,433 | $197,116 | $215,126 |
Under IRS private-foundation payout rules, Herbert and Peggy Iffert Trust reported a distributable amount of $237K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Herbert and Peggy Iffert Trust's only listed officer is US Bank N A, Trustee on the 2025 filing (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
New on the 2025 filing
1 hr/week
$59K (2025)
Former officers (1)
- Former: US Bank NA (2023–2024) — Trustee
Data from IRS Form 990 filings, 2023–2025. "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 $59K, to US Bank N a (Trustee).
Frequently asked questions about Herbert and Peggy Iffert Trust
How much does Herbert and Peggy Iffert Trust give each year?
Herbert and Peggy Iffert Trust gave $208K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $221K across 2 grants.
How large is Herbert and Peggy Iffert Trust?
Herbert and Peggy Iffert Trust reported $4.5M in total assets on its 2025 IRS Form 990-PF. It paid out $216K in qualifying distributions that year, against a required minimum of $237K (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 Herbert and Peggy Iffert Trust operate?
Herbert and Peggy Iffert Trust has awarded grants in Missouri.
What is Herbert and Peggy Iffert Trust's EIN?
Herbert and Peggy Iffert Trust's EIN (Employer Identification Number) is 27-6120717. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 4, 2026)
- IRS filings on file for fiscal years 2023–2024
Live grants for the work Herbert and Peggy Iffert Trust funds
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