Iversen Family Foundation
Iversen Family Foundation is a private foundation, based in Six Mile, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $24.5M in total assets. In 2024, it awarded 1 grant totaling $1.0M. Net investment income was $1.6M.
Iversen Family Foundation at a glance
In short: Iversen Family Foundation gave $1.0M across 1 grant in 2024 (avg $1.0M), mostly in South Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,000,000
- +0.7% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $1,000,000
- +101.4% vs 2023
- Median grant
- $1,000,000
- Total assets
- $24,536,395
- +31.5% vs 2023
- Primary geography
- South Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Iversen Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was The Mill Church ($1.0M).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 7 (29%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Iversen Family Foundation gives
- Giving grew 40% from 2021 to 2024. Method
- In 2024 it paid out 115% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $168K (2020) to $1.0M (2024). In 2024 it made 1 grant totaling $1.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Mill Church Pickens, SC | General Operating Support | $1,000,000 |
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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 | $24,536,395 | $7,098,541 | $1,222,657 | $1,000,000 | 1 | $1,002,625 | $1,577,420 | $875,426 |
| 2023 | $18,660,511 | $266,995 | $1,210,663 | $992,806 | 2 | $992,806 | $265,282 | $971,755 |
| 2022 | $19,604,179 | $568,383 | $1,226,947 | $830,000 | 1 | $833,575 | $98,249 | $999,939 |
| 2021 | $20,299,438 | $1,336,285 | $986,170 | $716,702 | 2 | $716,702 | $1,072,170 | $1,073,961 |
| 2020 | $19,949,323 | $13,212,793 | $274,645 | $167,602 | 1 | — | $104,234 | $591,183 |
Under IRS private-foundation payout rules, Iversen Family Foundation reported a distributable amount of $875K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Iversen Family Foundation is led by Bernt G. Iversen II, President, Secretary & Treasurer on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Bernt G. Iversen II
President, Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Chloe Iversen
Director
On filings since 2020
1 hr/week
No compensation reported
Mackenzie Iversen
Director
On filings since 2023
1 hr/week
No compensation reported
Bonnie Iversen
Vice President
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Mackenzie Ivernse (2020–2022) — Director
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.
Frequently asked questions about Iversen Family Foundation
How much does Iversen Family Foundation give each year?
Iversen Family Foundation gave $1.0M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $993K across 2 grants.
How large is Iversen Family Foundation?
Iversen Family Foundation reported $24.5M in total assets on its 2024 IRS Form 990-PF. It paid out $1.0M in qualifying distributions that year, against a required minimum of $875K (roughly 5% of its investment assets).
Where does Iversen Family Foundation operate?
Iversen Family Foundation has awarded grants in Florida, Ohio, South Carolina.
What is Iversen Family Foundation's EIN?
Iversen Family Foundation's EIN (Employer Identification Number) is 84-2849461. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Iversen Family Foundation funds
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