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
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
Ready to take the next step with Jerstad Family Foundation?
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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
Realtor Association of the Sioux Empire
SIOUX FALLS, SD
Assets
$2.3M
Grants
1
Total Given
$50K
Protector Project Inc
TEA, SD
Assets
$19
Grants
0
Total Given
—
East River Electric Power
MADISON, SD
Assets
$1.0B
Grants
5
Total Given
$36K
Sanford Group Return
SIOUX FALLS, SD
Assets
$4.3B
Grants
166
Total Given
$25.9M
A Coe & Dorothy Frankhauser Trust
SIOUX FALLS, SD
Assets
—
Grants
9
Total Given
$64K
Ride Therapy Project
SUMMERSET, SD
Assets
—
Grants
1
Total Given
$2K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Jerstad Family Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities