Karleen 1997 Charitable Trust
Karleen 1997 Charitable Trust is a private foundation, based in Sioux Falls, SD. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.8M in total assets. In 2025, it awarded 1 grant totaling $351K. Net investment income was $380K.
Karleen 1997 Charitable Trust at a glance
In short: Karleen 1997 Charitable Trust gave $351K across 1 grant in 2025 (avg $351K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $350,568
- +22.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $350,568
- +22.6% vs 2024
- Median grant
- $350,568
- Total assets
- $1,756,133
- +0.2% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Karleen 1997 Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was University of Minnesota Foundation ($351K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Karleen 1997 Charitable Trust gives
- Giving grew 83% from 2022 to 2025. Method
- In 2025 it paid out 286% 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 2025, annual grant giving ranged from $112K (2020) to $351K (2025). In 2025 it made 1 grant totaling $351K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Minnesota Foundation Minneapolis, MN | Scholarship Funds | $350,568 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,756,133 | $390,828 | $386,844 | $350,568 | 1 | $366,086 | $379,981 | $128,191 |
| 2024 | $1,751,968 | $445,279 | $314,973 | $286,006 | 1 | $302,085 | $434,317 | $134,515 |
| 2023 | $1,621,658 | $167,370 | $238,213 | $211,061 | 1 | $225,810 | $157,060 | $125,218 |
| 2022 | $1,692,961 | $187,777 | $221,699 | $191,294 | 1 | $206,795 | $176,979 | $129,447 |
| 2021 | $1,727,168 | $215,014 | $162,767 | $132,926 | 1 | $149,598 | $203,454 | $144,702 |
| 2020 | $1,675,229 | $120,553 | $138,356 | $111,847 | 1 | — | $110,114 | $122,617 |
Under IRS private-foundation payout rules, Karleen 1997 Charitable Trust reported a distributable amount of $128K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Karleen 1997 Charitable Trust's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Andrea Benson
Trustee
On filings since 2020
1 hr/week
No compensation reported
Andy Matysik
Trustee
On filings since 2020
1 hr/week
No compensation reported
David Perrin
Trustee
On filings since 2020
1 hr/week
No compensation reported
Margaret Hustad-Perrin
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Karleen 1997 Charitable Trust
How much does Karleen 1997 Charitable Trust give each year?
Karleen 1997 Charitable Trust gave $351K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $286K across 1 grant.
How large is Karleen 1997 Charitable Trust?
Karleen 1997 Charitable Trust reported $1.8M in total assets on its 2025 IRS Form 990-PF. It paid out $366K in qualifying distributions that year, against a required minimum of $128K (roughly 5% of its investment assets).
Where does Karleen 1997 Charitable Trust operate?
Karleen 1997 Charitable Trust has awarded grants in Minnesota.
What is Karleen 1997 Charitable Trust's EIN?
Karleen 1997 Charitable Trust's EIN (Employer Identification Number) is 41-6455455. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 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 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Karleen 1997 Charitable Trust funds
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