Jensen Scholarship Fund
Jensen Scholarship Fund is a private foundation, based in Algona, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $19K in total assets. In 2025, it awarded 4 grants totaling $500. Net investment income was $477.
Jensen Scholarship Fund at a glance
In short: Jensen Scholarship Fund gave $500 across 4 grants in 2025 (avg $125), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $500
- +0.0% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $125
- +0.0% vs 2024
- Median grant
- $125
- Total assets
- $18,643
- -3.6% vs 2024
- Primary geography
- Iowa (75% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Jensen Scholarship Fund funds
How this funder distributes its grants
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How Jensen Scholarship Fund gives
- Giving grew 33% from 2022 to 2025. Method
- In 2025 it paid out 125% 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 2019 to 2025, annual grant giving ranged from $375 (2022) to $2K (2020). In 2025 it made 4 grants totaling $500.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 4 individual scholarships Recipients not named | — | $500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $18,643 | $805 | $1,510 | $500 | 4 | $1,172 | $477 | $938 |
| 2024 | $19,348 | $1,013 | $1,526 | $500 | 4 | $1,297 | $810 | $958 |
| 2023 | $19,861 | $1,019 | $1,500 | $500 | 4 | $1,297 | $816 | $990 |
| 2022 | $20,342 | $162 | $1,375 | $375 | 2 | $1,047 | — | $1,038 |
| 2021 | $21,565 | $99 | $1,500 | $500 | 1 | $1,000 | — | $1,101 |
| 2020 | $22,966 | $320 | $3,750 | $2,000 | 1 | — | — | $1,218 |
| 2019 | $26,396 | $456 | $3,750 | $2,000 | 1 | — | — | $1,381 |
Under IRS private-foundation payout rules, Jensen Scholarship Fund reported a distributable amount of $938 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Jensen Scholarship Fund's only listed officer is Iowa State Bank, Trustee on every filing since 2022 (uncompensated).
Officers on the 2025 filing
Iowa State Bank
Trustee
On filings since 2022
0.5 hrs/week
No compensation reported
Former officers (2)
- Former: Iowa State Bank Kristie A Brown (2020–2021) — Trustee
- Former: Availa Bank Stephen Baade (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 Jensen Scholarship Fund
How much does Jensen Scholarship Fund give each year?
Jensen Scholarship Fund gave $500 across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $500 across 4 grants.
What is Jensen Scholarship Fund's typical grant size?
Jensen Scholarship Fund's median grant in 2025 was $125, and its average grant was $125, across 4 grants on its 2025 IRS Form 990-PF.
Where does Jensen Scholarship Fund give grants?
Jensen Scholarship Fund gives mostly in Iowa: 75% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was South Dakota (25%).
Does Jensen Scholarship Fund give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Jensen Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships for Pocahontas Area High School Graduates" (4 grants).
How large is Jensen Scholarship Fund?
Jensen Scholarship Fund reported $19K in total assets on its 2025 IRS Form 990-PF. It paid out $1K in qualifying distributions that year, against a required minimum of $938 (roughly 5% of its investment assets).
What is Jensen Scholarship Fund's EIN?
Jensen Scholarship Fund's EIN (Employer Identification Number) is 42-6064999. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 8, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 25, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 1, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2019–2024
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