Jerstad Family Foundation
The Jerstad Family Foundation is a private foundation based in Sioux Falls, South Dakota. It gave $151,500 in grants to 16 organizations in filing year 2024; its listed grants went to recipients in South Dakota and Minnesota.
Jerstad Family Foundation at a glance
In short: Jerstad Family Foundation gave $152K across 16 grants in 2024 (avg $9K), mostly in South Dakota. 19% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $151,500
- -23.7% vs 2023
- Grants made (2024)
- 16
- -20.0% vs 2023
- Average grant
- $9,469
- -4.6% vs 2023
- Median grant
- $7,000
- Total assets
- $4,403,386
- +9.3% vs 2023
- New grantees (estimate)
- 19% first-time grantees (3 of 16, 2024; small sample)
- Primary geography
- South Dakota (54% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Jerstad Family Foundation
- How to Apply
-
The filing says to submit a written request to the foundation. It lists no restrictions on awards.
- Contact
Application contact: Jerstad Family Foundation
Mailing address: 4950 S Minnesota Ave, Sioux Falls, SD 57108
Phone: (605) 261-1044
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Jerstad Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Augustana University ($54K). Together the top 10 received $127K.
Grant Size Distribution
91 grants across all recorded years
The most common grant size was under $50K: 89 grants of 91 (98%).
Geographic Focus
Where this funder awards grants
In 2024, 54% of grant dollars went to recipients in South Dakota and 46% to recipients in Minnesota.
Grant Distribution by State
Share of 2024 grant dollars across all 16 itemized grants.
States
Cities
Is Jerstad Family Foundation open to new grantees?
19%
first-time grantees, 2024
In 2024, 3 of 16 grantees (19%) were first-time recipients. With only 16 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $4K; repeat grants $11K. How we count
Medians: $5K first-time, $7K repeat.
- 56% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−12%). Method
- In 2024 it paid out 79% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $152K (2024) to $208K (2022). In 2024 it made 16 grants totaling $152K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Augustana University Sioux Falls, SD | General Support | $54,000 |
| Opportunity Neighborhood New Brighton, MN | General Support | $10,000 |
| College Possible St. Paul, MN | General Support | $10,000 |
| Play for Patrick W Shoreview, MN | General Support | $10,000 |
| Minneapolis Crisis Nursery Minneapolis, MN | General Support | $8,000 |
| 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 |
| Open Arms of Minnesota Minneapolis, MN | General Support | $7,000 |
| South Dakota Symphony Orchestra Sioux Falls, SD | General Support | $6,500 |
Ready to take the next step with Jerstad Family Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,403,386 | $325,614 | $203,295 | $151,500 | 16 | $166,785 | $289,104 | $210,774 |
| 2023 | $4,027,831 | $128,613 | $242,165 | $198,500 | 20 | $208,000 | $93,989 | $189,429 |
| 2022 | $3,605,842 | $173,883 | $270,392 | $208,000 | 21 | $228,944 | $139,847 | $196,393 |
| 2021 | $4,624,357 | $497,771 | $242,654 | $173,000 | 18 | $192,623 | $461,004 | $219,438 |
| 2020 | $4,336,023 | $164,354 | $215,116 | $180,500 | 16 | — | $133,505 | $190,770 |
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.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included organizations whose stated missions span education, food and medicine, veterinary care, music, youth opportunities, and support for people in affordable housing communities. For example, College Possible says it helps students from low-income backgrounds make college admission and success possible through coaching and support. Open Arms of Minnesota says it nourishes clients and builds community by providing food and medicine. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In filing year 2024, the foundation made 16 grants totaling $151,500. Grant amounts ranged from $1,000 to $54,000, with a median of $7,000. Its largest listed grants included $54,000 to Augustana University in Sioux Falls, South Dakota, and $10,000 each to Opportunity Neighborhood in Minnesota, College Possible in Minnesota, and Play for Patrick in Minnesota.
Other listed grants included $8,000 to Minneapolis Crisis Nursery; $7,000 each to Mission Animal Hospital, Volunteers of America Dakotas, Prop Shop, and Open Arms of Minnesota; $6,500 each to South Dakota Symphony Orchestra and Lincoln High School; and $5,500 to Helping Kids Round First. St. Olaf College received $5,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Sandra I Jerstad, Rachel Jerstad, Michael Jerstad, Sarah Jerstad, and Kelly Jerstad as directors.
Jerstad Family Foundation's 2024 filing lists 5 officers; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kelly Jerstad
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Michael Jerstad
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Rachel Jerstad
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Sandra I Jerstad
Director
On filings since 2020
10 hrs/week
No compensation reported
Sarah Jerstad
Director
On filings since 2020
0.1 hrs/week
No compensation reported
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 Jerstad Family Foundation
How much does Jerstad Family Foundation give each year?
Jerstad Family Foundation gave $152K across 16 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $199K across 20 grants.
What is Jerstad Family Foundation's typical grant size?
Jerstad Family Foundation's median grant in 2024 was $7,000, and its average grant was $9,469, across 16 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Jerstad Family Foundation that year got $4K on average.
Where does Jerstad Family Foundation give grants?
Jerstad Family Foundation gives mostly in South Dakota: 54% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Minnesota (46%). The most frequent recipient cities were Sioux Falls, SD (6 grants), St. Paul, MN (2 grants), Minneapolis, MN (2 grants) and Eden Prairie, MN (2 grants).
Does Jerstad Family Foundation give general operating support?
Yes: 100% of Jerstad Family Foundation's 2024 grants with a stated purpose (16 of 16) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Jerstad Family Foundation's largest grantees?
Jerstad Family Foundation's largest 2024 grantees include Augustana University ($54,000), Opportunity Neighborhood ($10,000) and College Possible ($10,000), according to its 2024 IRS Form 990-PF. Together they received 49% of its itemized 2024 grant dollars.
How large is Jerstad Family Foundation?
Jerstad Family Foundation reported $4.4M in total assets on its 2024 IRS Form 990-PF. It paid out $167K in qualifying distributions that year, against a required minimum of $211K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Jerstad Family Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included organizations whose stated missions span education, food and medicine, veterinary care, music, youth opportunities, and support for people in affordable housing communities. See mission & focus areas ↑
How do I apply for a grant from Jerstad Family Foundation?
The filing says to submit a written request to the foundation. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Jerstad Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Jerstad Family Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Jerstad Family Foundation funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/jerstad-family-foundation-morg_af85268e35d5497b80cc264b1c199632
BibTeX
@misc{grantable_911757487_2026,
author = {{Grantable}},
title = {{Jerstad Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/jerstad-family-foundation-morg_af85268e35d5497b80cc264b1c199632},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Jerstad Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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