Howard Rasmussen Charitable Trust
The Howard Rasmussen Charitable Trust is a private foundation based in Madelia, Minnesota. It supports charitable organizations and projects serving Madelia, Lake Crystal, and the area within a 10-mile radius.
Howard Rasmussen Charitable Trust at a glance
In short: Howard Rasmussen Charitable Trust gave $113K across 12 grants in 2024 (avg $9K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $113,350
- Grants made (2024)
- 12
- Average grant
- $9,446
- Median grant
- $5,000
- Total assets
- $3,665,352
- -1.2% vs 2023
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Howard Rasmussen Charitable Trust
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests. According to its 2024 filing, qualified charitable organizations submit written applications annually for review by a three-person board of trustees. Applications should state the purpose and proposed use of funds, expected benefits to the organization and community, and how the grant funds will be spent. For special projects requiring funds from other parties, applicants must state the project’s total expected cost and the source of other funds. Grants must be used solely for charitable purposes serving or benefiting Madelia, Lake Crystal, and the area within a 10-mile radius.
- Review Cycle
- October 1 each year. The October 1, 2026 deadline is upcoming as of September 29, 2026.
- Deadline
- October 1 each year.
- Contact
Application contact: Richard C Kelsey
Mailing address: 8 West Main St, PO Box 100, Madelia, MN 56062
Phone: (507) 642-2800
Email: rich@kat.cpa
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Howard Rasmussen Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Madelia Health ($30K). Together the top 10 received $113K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
The filing states that grants must benefit Madelia, Lake Crystal, and the area within a 10-mile radius. All 2024 grant dollars went to recipients in Minnesota, including organizations in Madelia, Lake Crystal, and St. James.
Grant Distribution by State
Share of 2024 grant dollars across all 12 itemized grants.
States
Cities
How Howard Rasmussen Charitable Trust gives
- In 2024 it paid out 76% 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 2024 it made 12 grants totaling $113K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Madelia Health Madelia, MN | Upgrade Medical Equipment | $30,000 |
| Madelia Health Foundation Madelia, MN | Support Coummunity Health Care | $30,000 |
| Lake Crystal Area Recreation Center Lake Crystal, MN | Rec Center Expansion | $25,000 |
| Madelia Community Food Shelf Madelia, MN | Feed Residents with Food Insecurity | $6,000 |
| Lake Crystal Wellcome Memorial Lake Crystal, MN | Band Equipment | $6,000 |
| Madelia Baseballsoftball Assoc Madelia, MN | Improvements at Ballpark | $5,000 |
| Lake Crystal Baeball Association Lake Crystal, MN | Field Upgrades | $5,000 |
| Twin Valley Council Madelia, MN | Activities, Uniforms & Supplies | $2,500 |
| Watonwan County 4-H Federation St James, MN | Learning & Community Service Program | $2,000 |
| Little Lakers Child Care Center Lake Crystal, MN | Childcare Equipment | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,665,352 | $141,242 | $186,544 | $113,350 | 12 | $138,350 | $76,048 | $181,919 |
| 2023 | $3,710,651 | $87,177 | $34,285 | — | — | — | $-33,024 | — |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the trust is provided. Its 2024 grants supported healthcare, recreation, food assistance, arts and sports equipment, youth activities, childcare, and senior transportation. These examples describe the grants made, not a stated mission of the trust.
Grantee missions illustrate the kinds of organizations it supports. Madelia Health says its mission is to provide safe, quality healthcare with respect, dignity, and excellence. Madelia Health Foundation says it stewards donations for Madelia Health’s services and connects the health provider with patients and area supporters. Lake Crystal Area Recreation Center says it operates a recreation center to improve quality of life for members and area residents. Little Lakers Child Care Center says it provides safe, nurturing care and developmental opportunities for children while enabling parents and caregivers to work.
Grantmaking
In 2024, the trust awarded 12 grants totaling $113,350. Grant amounts ranged from $100 to $30,000, with a median of $5,000. Notable grants included $30,000 to Madelia Health for medical equipment, $30,000 to Madelia Health Foundation for community healthcare, and $25,000 to Lake Crystal Area Recreation Center for an expansion. Other grants included $6,000 to Madelia Community Food Shelf for residents experiencing food insecurity and $1,000 to Little Lakers Child Care Center for equipment.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Richard C. Kelsey, Steven J. Sorenson, and Allen O. Klinkner as trustees.
Howard Rasmussen Charitable Trust's 2024 filing lists 3 officers; all 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
Richard C. Kelsey
Trustee
On filings since 2023
1 hr/week
$3K (2023) → $5K (2024)
Steven J. Sorenson
Trustee
On filings since 2023
0.3 hrs/week
$2K (2023) → $2K (2024)
Allen O. Klinkner
Trustee
New on the 2024 filing
0.3 hrs/week
$2K (2024)
Data from IRS Form 990 filings, 2023–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $5K, to Richard C Kelsey (Trustee). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Howard Rasmussen Charitable Trust
How much does Howard Rasmussen Charitable Trust give each year?
Howard Rasmussen Charitable Trust gave $113K across 12 grants in 2024, according to its 2024 IRS Form 990-PF.
What is Howard Rasmussen Charitable Trust's typical grant size?
Howard Rasmussen Charitable Trust's median grant in 2024 was $5,000, and its average grant was $9,446, across 12 grants on its 2024 IRS Form 990-PF.
Where does Howard Rasmussen Charitable Trust give grants?
Howard Rasmussen Charitable Trust gives mostly in Minnesota: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Madelia, MN (7 grants) and Lake Crystal, MN (4 grants).
Does Howard Rasmussen Charitable Trust give general operating support?
Not in 2024: none of the 12 grants with a stated purpose on Howard Rasmussen Charitable Trust's 2024 IRS Form 990-PF were described as general or operating support.
Who are Howard Rasmussen Charitable Trust's largest grantees?
Howard Rasmussen Charitable Trust's largest 2024 grantees include Madelia Health ($30,000), Madelia Health Foundation ($30,000) and Lake Crystal Area Recreation Center ($25,000), according to its 2024 IRS Form 990-PF. Together they received 75% of its itemized 2024 grant dollars.
How large is Howard Rasmussen Charitable Trust?
Howard Rasmussen Charitable Trust reported $3.7M in total assets on its 2024 IRS Form 990-PF. It paid out $138K in qualifying distributions that year, against a required minimum of $182K (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 does Howard Rasmussen Charitable Trust fund?
No mission statement for the trust is provided. Its 2024 grants supported healthcare, recreation, food assistance, arts and sports equipment, youth activities, childcare, and senior transportation. These examples describe the grants made, not a stated mission of the trust. See mission & focus areas ↑
How do I apply for a grant from Howard Rasmussen Charitable Trust?
The foundation does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Howard Rasmussen Charitable Trust accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
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Cite this profile
Grantable. (2026). Howard Rasmussen Charitable Trust funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/howard-rasmussen-charitable-trust-morg_c05c995336ec47e49e16d6cea0f3d9dd
BibTeX
@misc{grantable_934718893_2026,
author = {{Grantable}},
title = {{Howard Rasmussen Charitable Trust funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/howard-rasmussen-charitable-trust-morg_c05c995336ec47e49e16d6cea0f3d9dd},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Howard Rasmussen Charitable Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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