Iversen Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $1.0M. Net investment income was $1.6M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$24.5M
+31.5% YoY
Annual Giving
$1.0M
+0.7% YoY
Grant Count
1
-50.0% YoY
Avg Grant Size
$1.0M
+101.4% YoY
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.
About Iversen Family Foundation
Based on IRS filings
Iversen Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $1.0M. Net investment income was $1.6M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $24,536,395 | $18,660,511 | $19,604,179 |
| Revenue | $7,098,541 | $266,995 | $568,383 |
| Expenses | $1,222,657 | $1,210,663 | $1,226,947 |
| Qualifying Distributions | $1,002,625 | $992,806 | $833,575 |
| Net Investment Income | $1,577,420 | $265,282 | $98,249 |
| Distributable Amount | $875,426 | $971,755 | $999,939 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Mill Church ($1,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE MILL CHURCH PICKENS, SC | GENERAL OPERATING SUPPORT | $1,000,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BERNT G IVERSEN II | PRESIDENT, SECRETARY, TREASURER | 1 | — |
| BONNIE IVERSEN | VICE-PRESIDENT | 1 | — |
| CHLOE IVERSEN | DIRECTOR | 1 | — |
| MACKENZIE IVERSEN | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Iversen Family Foundation?
Iversen Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SIX MILE, SC. It holds $24.5M in total assets as of 2024.
How large is Iversen Family Foundation?
As of 2024, Iversen Family Foundation holds $24.5M in total assets with $7.1M in annual revenue. It awarded 1 grants totaling $1.0M in 2024.
Where does Iversen Family Foundation operate?
Iversen Family Foundation has awarded grants in Florida, Ohio, South Carolina.
What size grants does Iversen Family Foundation award?
In 2024, Iversen Family Foundation awarded 1 grants totaling $1.0M — an average of about $1.0M per grant, based on its IRS Form 990 filings.
How much is Iversen Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Iversen Family Foundation reported a distributable amount of $875K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Iversen Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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