Jerstad Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SIOUX FALLS, SD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it awarded 16 grants totaling $152K. Net investment income was $289K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.4M
+9.3% YoY
Annual Giving
$152K
-23.7% YoY
Grant Count
16
-20.0% YoY
Avg Grant Size
$9K
-4.6% YoY
Under IRS private-foundation payout rules, Jerstad Family Foundation reported a distributable amount of $211K for 2024 — the minimum it must pay out in qualifying distributions.
About Jerstad Family Foundation
Based on IRS filings
Jerstad Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SIOUX FALLS, SD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it awarded 16 grants totaling $152K. Net investment income was $289K.
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 | $4,403,386 | $4,027,831 | $3,605,842 |
| Revenue | $325,614 | $128,613 | $173,883 |
| Expenses | $203,295 | $242,165 | $270,392 |
| Qualifying Distributions | $166,785 | $208,000 | $228,944 |
| Net Investment Income | $289,104 | $93,989 | $139,847 |
| Distributable Amount | $210,774 | $189,429 | $196,393 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
91 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Augustana University ($54,000), Opportunity Neighborhood ($10,000), College Possible ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| South Dakota Symphony Orchestra Sioux Falls, SD | General Support | $6,500 |
| St Olaf College Northfield, MN | General support | $5,000 |
| Opportunity Neighborhood New Brighton, MN | General Support | $10,000 |
| College Possible St Paul, MN | General Support | $10,000 |
| Augustana University Sioux Falls, SD | General Support | $54,000 |
| Helping Kids Round First Flandreau, SD | General Support | $5,500 |
| Luthern Theological Seminary St Paul, MN | General Support | $5,000 |
| Mission Animal Hospital Eden Prairie, MN | General Support | $7,000 |
| Volunteers of America Dakotas Sioux Falls, SD | General Support | $7,000 |
| Prop Shop Eden Prairie, MN | General Suppport | $7,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sandra I Jerstad | Director | 10 | — |
| Rachel Jerstad | Director | 0.1 | — |
| Michael Jerstad | Director | 0.1 | — |
| Sarah Jerstad | Director | 0.1 | — |
| Kelly Jerstad | Director | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Jerstad Family Foundation?
Jerstad Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SIOUX FALLS, SD. It holds $4.4M in total assets as of 2024.
How large is Jerstad Family Foundation?
As of 2024, Jerstad Family Foundation holds $4.4M in total assets with $326K in annual revenue. It awarded 16 grants totaling $152K in 2024.
Where does Jerstad Family Foundation operate?
Jerstad Family Foundation has awarded grants in Florida, Minnesota, South Dakota.
What size grants does Jerstad Family Foundation award?
In 2024, Jerstad Family Foundation awarded 16 grants totaling $152K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Jerstad Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jerstad Family Foundation reported a distributable amount of $211K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jerstad Family Foundation's EIN?
Jerstad Family Foundation's EIN (Employer Identification Number) is 91-1757487. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Jerstad 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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