Ida Koran Trust
Ida Koran Trust is a private foundation, based in Milwaukee, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $32.1M in total assets. In 2024, it awarded 2 grants totaling $2.4M. Net investment income was $3.2M.
Key facts about Ida Koran Trust
In short: Ida Koran Trust gave $2.4M across 2 grants in 2024 (avg $1.2M), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- EIN
- 41-6124022
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,355,179
- Grants made (2024)
- 2
- Average grant
- $1,177,590
- Median grant
- $1,177,590
- Total assets
- $32,114,756
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated October 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$32.1M
+2.8% YoY
Annual Giving
$2.4M
+19.5% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$1.2M
+19.5% YoY
Under IRS private-foundation payout rules, Ida Koran Trust reported a distributable amount of $2.5M for 2024 — the minimum it must pay out in qualifying distributions.
How Ida Koran Trust gives
- Giving held roughly steady from 2021 to 2024 (+19%). Method
- In 2024 it paid out 112% of its IRS minimum distribution (the 5% rule). 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
Share of 2024 grant dollars across all 2 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.8M (2020) to $2.4M (2024). In 2024 it made 2 grants totaling $2.4M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Scholarship America ($1.5M). Together the top 2 received $2.4M.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 12 (42%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Scholarship America St Peter, MN | Academic Scholarships | $1,504,768 |
| Hardship Grants to Ecolab Pastpresent Employees St. Paul, MN | Hardship Grants | $850,411 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $32,114,756 | $31,247,922 | $31,838,186 |
| Revenue | $3,430,931 | $1,871,970 | $3,401,386 |
| Expenses | $2,946,985 | $2,422,189 | $2,724,270 |
| Qualifying Distributions | $2,835,694 | $2,372,574 | $2,671,077 |
| Net Investment Income | $3,201,397 | $1,664,482 | $3,200,255 |
| Distributable Amount | $2,541,378 | $2,335,772 | $2,290,967 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 10, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Ida Koran Trust's 2024 filing lists 3 officers; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
US Bank N A
Trustee
On filings since 2020
1 hr/week
$243K (2020) → $260K (2024)
Diana Lewis
Trustee
On filings since 2020
1 hr/week
No compensation reported
Steve Fritze
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 $260K, to US Bank N a (Trustee).
Frequently asked questions about Ida Koran Trust
How much does Ida Koran Trust give each year?
Ida Koran Trust gave $2.4M across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.0M across 2 grants.
How large is Ida Koran Trust?
Ida Koran Trust reported $32.1M in total assets on its 2024 IRS Form 990-PF. It paid out $2.8M in qualifying distributions that year, against a required minimum of $2.5M (roughly 5% of its investment assets).
Where does Ida Koran Trust operate?
Ida Koran Trust has awarded grants in Minnesota, Oklahoma, Puerto Rico.
What is Ida Koran Trust's EIN?
Ida Koran Trust's EIN (Employer Identification Number) is 41-6124022. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
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