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.
Key facts about Iversen Family Foundation
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.
- EIN
- 84-2849461
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,000,000
- Grants made (2024)
- 1
- Average grant
- $1,000,000
- Median grant
- $1,000,000
- Total assets
- $24,536,395
- Primary geography
- South Carolina (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
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.
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.
Ready to take the next step with Iversen Family Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
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.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients 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%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Mill Church Pickens, SC | General Operating Support | $1,000,000 |
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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.
Here's the math on researching Iversen Family Foundation by hand.
Explore Open Grants
Browse active grant opportunities in Iversen Family Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Central Carolina Community
Columbia, SC
Central Carolina Community funds education, human services, health, arts and culture, community development, disaster relief, and nonprofit capacity-building, primarily in the 11-county Midlands region of South Carolina, with some statewide and national grantmaking. Its 2025 grants had a median of $20,000; eligible nonprofits may apply through the online portal during published grant periods, though some opportunities are invitation-only.
Assets
$264.3M
Grants
488
Total Given
$26.5M
Coastal Community Foundation of South
N Charleston, SC
The Coastal Community Foundation of South Carolina funds nonprofits through competitive grants for areas including education, health, community development, arts, and human needs. Its 2024 grants had a median of $16,500, with awards ranging from $5,057 to $2.3 million, across nine coastal South Carolina counties. It accepts applications only for listed competitive programs, through its online portal.
Assets
$435.6M
Grants
459
Total Given
$26.0M
Community Foundation
Greenville, SC
Community Foundation of Greenville funds nonprofits and projects in arts, education, environment, health, and human services, with a focus on Greenville County, South Carolina. Its 2026 Capacity Building Grants award $5,000–$12,500; 2024 grants had a median of $23,900. It accepts unsolicited requests through its Capacity Building Grants program.
Assets
$118.8M
Grants
346
Total Given
$26.4M
South Carolina Christian Foundation
Spartanburg, SC
The foundation funds Christian ministries, churches, and quality-of-life organizations, with particular attention through its Community Trust Grants to Christian nonprofits in five South Carolina counties. Its 2024 grants had a median of $15,000, though awards varied widely; most grant dollars went to South Carolina, with additional funding in other states. Community Trust applicants must submit a Ministry Introduction Form and be invited to apply; the profile does not state whether other requests are unsolicited.
Assets
$45.4M
Grants
285
Total Given
$11.6M
Spartanburg County Foundation
Spartanburg, SC
The Spartanburg County Foundation funds nonprofits serving Spartanburg County residents, especially work advancing quality of life, education, economic mobility, and nonprofit capacity. Itemized grants had a median award of $15,500, though amounts varied widely; the information provided does not state whether it accepts unsolicited requests.
Assets
$280.4M
Grants
227
Total Given
$19.0M
United Community Bank Foundation
Greenville, SC
United Community Bank Foundation funds economic empowerment, arts, housing and youth development in communities served across Alabama, Florida, Georgia, North Carolina, South Carolina and Tennessee. Its 2025 grants ranged from $250 to $16,000, with a median of $2,000. It does not accept unsolicited requests; grants go to preselected organizations.
Assets
$12.6M
Grants
235
Total Given
$505K
Milliken & Company Charitable Foundation
Spartanburg, SC
The Milliken & Company Charitable Foundation supports arts and economic development, inclusion, health and sustainability, and education and STEAM, in communities where Milliken operates. Most community grants are $10,000–$15,000, though reported 2025 grants ranged widely; applications are submitted online during its stated annual cycle.
Assets
$15.6M
Grants
44
Total Given
$2.8M
Community Foundation of the Lowcountry
Hilton Head Island, SC
The Community Foundation of the Lowcountry funds nonprofits working in areas such as education, health, human services, arts, environment, animal welfare, and community development in Beaufort, Colleton, Hampton, and Jasper Counties, South Carolina; its Impact Grants have a narrower service area. Grants vary widely: the 2025 median was $15,000, with awards from $5,000 to over $1.2 million. It accepts requests through grant programs that begin with a Grant Inquiry Form.
Assets
$99.7M
Grants
193
Total Given
$9.4M
Comporium Foundation Inc
Rock Hill, SC
Comporium Foundation supports education, community welfare, civic activity, health, economic development, trails, and religious organizations, primarily in South Carolina and North Carolina. Its 2024 grants ranged from $100 to $70,000, with a median of $3,625. It does not accept unsolicited requests and contributes only to preselected charitable organizations.
Assets
$20.6M
Grants
122
Total Given
$1.1M
J M Smith Foundation
Spartanburg, SC
The J M Smith Foundation supports a range of charitable organizations, including churches, human services, education, arts, and animal welfare groups, primarily in South Carolina, with some grants in nearby states. In 2026, grants ranged from $200 to $28,200, with a median of $2,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$908K
Grants
102
Total Given
$539K
The Sunshine Foundation Inc
Barnwell, SC
The Sunshine Foundation supports health, economic, educational, and environmental purposes, as well as community and performing arts organizations, primarily in South Carolina. Its 2024 grants had a median of $1,000, though amounts ranged from $25 to $165,126. It funds only preselected charitable organizations and does not accept unsolicited requests.
Assets
$13.2M
Grants
104
Total Given
$724K
Gods Goods Mt Pleasant
Mt Pleasant, SC
GODS GOODS MT PLEASANT supports preselected charities working in areas such as Christian education and ministry, community development, and services for people facing poverty or abuse. Its 2025 grants ranged from $750 to $10,000, with a median of $5,000; most funding went to South Carolina, with smaller amounts awarded in several other states. It does not accept unsolicited requests.
Assets
$201K
Grants
105
Total Given
$467K
More Funders in South Carolina
Iversen Family Foundation down — hundreds of funders to go?