Jepsen Educational Trust
Jepsen Educational Trust is a private foundation focused on Education, based in Storm Lake, IA. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $106K in total assets. In 2026, it awarded 4 grants totaling $4K. Net investment income was $9K.
Jepsen Educational Trust at a glance
In short: Jepsen Educational Trust gave $4K across 4 grants in 2026 (avg $1K), mostly in Iowa. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $4,000
- +0.0% vs 2025
- Grants made (2026)
- 4
- +0.0% vs 2025
- Average grant
- $1,000
- +0.0% vs 2025
- Median grant
- $1,000
- Total assets
- $105,950
- +0.6% vs 2025
- Primary geography
- Iowa (75% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated October 2026.
Who Jepsen Educational Trust funds
How this funder distributes its grants
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 22 grants of 22 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 4 itemized grants.
Cities
How Jepsen Educational Trust gives
- Giving fell 22% from 2023 to 2026. Method
- In 2026 it paid out 102% 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 2026, annual grant giving ranged from $4K (2024) to $5K (2023). In 2026 it made 4 grants totaling $4K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 4 grants to individuals Recipients not named | — | $4,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $105,950 | $8,702 | $8,090 | $4,000 | 4 | $5,330 | $8,702 | $5,229 |
| 2025 | $105,338 | $6,858 | $7,837 | $4,000 | 4 | $5,301 | $6,858 | $5,182 |
| 2024 | $106,317 | $4,361 | $7,613 | $3,960 | 6 | $5,051 | $4,361 | $5,250 |
| 2023 | $109,569 | $4,738 | $8,113 | $5,100 | 3 | $6,153 | $4,738 | $5,388 |
| 2022 | $112,944 | $5,578 | $7,720 | $5,000 | 5 | $6,015 | $5,578 | $5,676 |
| 2021 | $115,086 | $4,691 | $7,579 | $5,000 | 4 | — | $4,691 | $5,876 |
| 2020 | $117,974 | $4,809 | $7,483 | $5,000 | 4 | — | $4,809 | $5,910 |
Under IRS private-foundation payout rules, Jepsen Educational Trust reported a distributable amount of $5K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Jepsen Educational Trust's only listed officer is Citizens First National Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2026 filing
Citizens First National Bank
Trustee
On filings since 2020
1 hr/week
$2K (2020) → $3K (2026)
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $3K, to Citizens First National Bank (Trustee).
Frequently asked questions about Jepsen Educational Trust
How much does Jepsen Educational Trust give each year?
Jepsen Educational Trust gave $4K across 4 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $4K across 4 grants.
What is Jepsen Educational Trust's typical grant size?
Jepsen Educational Trust's median grant in 2026 was $1,000, and its average grant was $1,000, across 4 grants on its 2026 IRS Form 990-PF.
Where does Jepsen Educational Trust give grants?
Jepsen Educational Trust gives mostly in Iowa: 75% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest state was Nebraska (25%).
Does Jepsen Educational Trust give general operating support?
Not in 2026: none of the 4 grants with a stated purpose on Jepsen Educational Trust's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (4 grants).
How large is Jepsen Educational Trust?
Jepsen Educational Trust reported $106K in total assets on its 2026 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).
What is Jepsen Educational Trust?
Jepsen Educational Trust is a private foundation focused on Education, based in Storm Lake, IA. It holds $106K in total assets as of 2026.
What is Jepsen Educational Trust's EIN?
Jepsen Educational Trust's EIN (Employer Identification Number) is 42-6507732. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2025 (received by the IRS July 22, 2025)
- Updated Form 990-PF for fiscal year 2026 (received by the IRS July 31, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 12, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 2, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 25, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 9, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 19, 2024)
Live grants for the work Jepsen Educational Trust funds
Education Open opportunities, soonest deadline first.
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Browse active grant opportunities in Jepsen Educational Trust's focus areas in our free grants database
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