Howard Rasmussen Charitable Trust
Howard Rasmussen Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MADELIA, MN. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $3.7M in total assets. In 2024, it awarded 12 grants totaling $113K. Net investment income was $76K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.7M
-1.2% YoY
Annual Giving
$113K
Grant Count
12
Avg Grant Size
$9K
Under IRS private-foundation payout rules, Howard Rasmussen Charitable Trust reported a distributable amount of $182K for 2024 — the minimum it must pay out in qualifying distributions.
About Howard Rasmussen Charitable Trust
Based on IRS filings
Howard Rasmussen Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MADELIA, MN. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $3.7M in total assets. In 2024, it awarded 12 grants totaling $113K. Net investment income was $76K.
Focus Areas
Ready to take the next step with Howard Rasmussen Charitable Trust?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $3,665,352 | $3,710,651 |
| Revenue | $141,242 | $87,177 |
| Expenses | $186,544 | $34,285 |
| Qualifying Distributions | $138,350 | — |
| Net Investment Income | $76,048 | $-33,024 |
| Distributable Amount | $181,919 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Madelia Health ($30,000), Madelia Health Foundation ($30,000), Lake Crystal Area Recreation Center ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| TWIN VALLEY COUNCIL MADELIA, MN | ACTIVITIES, UNIFORMS & SUPPLIES | $2,500 |
| MADELIA BASEBALLSOFTBALL ASSOC MADELIA, MN | IMPROVEMENTS AT BALLPARK | $5,000 |
| MADELIA COMMUNITY FOOD SHELF MADELIA, MN | FEED RESIDENTS WITH FOOD INSECURITY | $6,000 |
| MADELIA HEALTH MADELIA, MN | UPGRADE MEDICAL EQUIPMENT | $30,000 |
| MADELIA HEALTH FOUNDATION MADELIA, MN | SUPPORT COUMMUNITY HEALTH CARE | $30,000 |
| LIONS CLUB OF MADELIA MADELIA, MN | ACTIVITIES FOR COUMMUNITY YOUTH | $750 |
| MADELIA SENIOR TRANSPORTATION GROUP MADELIA, MN | DRIVER REIMBURSEMENT | $100 |
| LAKE CRYSTAL AREA RECREATION CENTER LAKE CRYSTAL, MN | REC CENTER EXPANSION | $25,000 |
| LAKE CRYSTAL BAEBALL ASSOCIATION LAKE CRYSTAL, MN | FIELD UPGRADES | $5,000 |
| LAKE CRYSTAL WELLCOME MEMORIAL LAKE CRYSTAL, MN | BAND EQUIPMENT | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD C KELSEY | TRUSTEE | 1 | $5,000 |
| STEVEN J SORENSON | TRUSTEE | 0.25 | $1,500 |
| ALLEN O KLINKNER | TRUSTEE | 0.25 | $1,500 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Howard Rasmussen Charitable Trust?
Howard Rasmussen Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MADELIA, MN. It holds $3.7M in total assets as of 2024.
How large is Howard Rasmussen Charitable Trust?
As of 2024, Howard Rasmussen Charitable Trust holds $3.7M in total assets with $141K in annual revenue. It awarded 12 grants totaling $113K in 2024.
Where does Howard Rasmussen Charitable Trust operate?
Howard Rasmussen Charitable Trust has awarded grants in Minnesota.
What size grants does Howard Rasmussen Charitable Trust award?
In 2024, Howard Rasmussen Charitable Trust awarded 12 grants totaling $113K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Howard Rasmussen Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Howard Rasmussen Charitable Trust reported a distributable amount of $182K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Howard Rasmussen Charitable Trust's EIN?
Howard Rasmussen Charitable Trust's EIN (Employer Identification Number) is 93-4718893. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
Browse active grant opportunities in Howard Rasmussen Charitable Trust's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Spicola Family Foundation
MINNETONKA, MN
Assets
—
Grants
3
Total Given
$410K
Litchfield Student Anglers Club
LITCHFIELD, MN
Assets
$738
Grants
0
Total Given
—
The Geyer Family Foundation
EDINA, MN
Assets
—
Grants
7
Total Given
$35K
Love 4 One Another Charities
CHANHASSEN, MN
Assets
$8.5M
Grants
1
Total Given
$90K
Donald and Luella Zibell Family Foundation
NORTHFIELD, MN
Assets
—
Grants
8
Total Given
$80K
Minnesota Citizens Concerned
MINNEAPOLIS, MN
Assets
$745K
Grants
2
Total Given
$942K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Howard Rasmussen Charitable Trust on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Howard Rasmussen Charitable Trust to a real strategy.