Jessie Elfers Scholarshp Tr #2
Jessie Elfers Scholarshp Tr #2 is a private foundation focused on Education, based in Eagan, MN. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $180K in total assets. In 2026, it awarded 2 grants totaling $8K. Net investment income was $13K.
Jessie Elfers Scholarshp Tr #2 at a glance
In short: Jessie Elfers Scholarshp Tr #2 gave $8K across 2 grants in 2026 (avg $4K), mostly in Iowa. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $7,768
- +53.5% vs 2025
- Grants made (2026)
- 2
- +0.0% vs 2025
- Average grant
- $3,884
- +53.5% vs 2025
- Median grant
- $3,884
- Total assets
- $180,440
- +1.8% vs 2025
- Primary geography
- Iowa (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Jessie Elfers Scholarshp Tr #2 funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2026
The largest 2026 recipient was Iowa State University ($4K). Together the top 2 received $8K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 2 itemized grants.
States
Cities
How Jessie Elfers Scholarshp Tr #2 gives
- Giving grew 29% from 2023 to 2026. Method
- In 2026 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $5K (2025) to $11K (2021). In 2026 it made 2 grants totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Iowa State University Ames, IA | Scholarships | $3,884 |
| University of Northern Iowa Cedar Falls, IA | Scholarships | $3,884 |
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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 | $180,440 | $14,915 | $11,683 | $7,768 | 2 | $9,501 | $12,516 | $9,817 |
| 2025 | $177,272 | $8,026 | $9,145 | $5,060 | 2 | $6,790 | $5,883 | $9,498 |
| 2024 | $178,387 | $12,251 | $12,945 | $9,000 | 2 | $10,737 | $9,801 | $8,779 |
| 2023 | $178,897 | $5,617 | $10,887 | $6,000 | 2 | $7,798 | $2,874 | $9,305 |
| 2022 | $184,364 | $18,245 | $14,663 | $10,000 | 2 | $11,800 | $15,511 | $10,657 |
| 2021 | $180,670 | $8,641 | $14,398 | $10,550 | 2 | — | $5,870 | $9,909 |
| 2020 | $186,432 | $6,482 | $14,380 | $9,800 | 2 | — | $3,687 | $10,219 |
Under IRS private-foundation payout rules, Jessie Elfers Scholarshp Tr #2 reported a distributable amount of $10K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Jessie Elfers Scholarshp Tr #2's only listed officer is US Bank NA, Trustee on every filing since 2020 (compensated).
Officers on the 2026 filing
US Bank NA
Trustee
On filings since 2020
1 hr/week
$3K (2020) → $2K (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 $2K, to US Bank NA (Trustee).
Frequently asked questions about Jessie Elfers Scholarshp Tr #2
How much does Jessie Elfers Scholarshp Tr #2 give each year?
Jessie Elfers Scholarshp Tr #2 gave $8K across 2 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $5K across 2 grants.
How large is Jessie Elfers Scholarshp Tr #2?
Jessie Elfers Scholarshp Tr #2 reported $180K in total assets on its 2026 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $10K (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 is Jessie Elfers Scholarshp Tr #2?
Jessie Elfers Scholarshp Tr #2 is a private foundation focused on Education, based in Eagan, MN. It holds $180K in total assets as of 2026.
Where does Jessie Elfers Scholarshp Tr #2 operate?
Jessie Elfers Scholarshp Tr #2 has awarded grants in Iowa.
What is Jessie Elfers Scholarshp Tr #2's EIN?
Jessie Elfers Scholarshp Tr #2's EIN (Employer Identification Number) is 42-6546523. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 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 2020 (received by the IRS June 11, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 7, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 13, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 30, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 11, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS June 3, 2025)
- Added Form 990-PF for fiscal year 2026 (received by the IRS June 11, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Jessie Elfers Scholarshp Tr #2 funds
Education Open opportunities, soonest deadline first.
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