Korupp & Waelti Scholarship Fund
Korupp & Waelti Scholarship Fund is a private foundation, based in Eagan, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $131K in total assets. In 2025, it awarded 8 grants totaling $5K. Net investment income was $14K.
Korupp & Waelti Scholarship Fund at a glance
In short: Korupp & Waelti Scholarship Fund gave $5K across 8 grants in 2025 (avg $637.5), mostly in Wisconsin. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $5,100
- +27.5% vs 2024
- Grants made (2025)
- 8
- +60.0% vs 2024
- Average grant
- $638
- -20.3% vs 2024
- Median grant
- $600
- Total assets
- $130,652
- +5.6% vs 2024
- Primary geography
- Wisconsin (82% 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 Korupp & Waelti Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was University of Wisconsinplatteville ($1K). Together the top 4 received $3K.
Organizations only. It also paid 4 individual scholarships ($2,200), which are not listed by name.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 24 grants of 24 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Korupp & Waelti Scholarship Fund gives
- Giving held roughly steady from 2022 to 2025 (−3%). Method
- In 2025 it paid out 91% 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 2019 to 2025, annual grant giving ranged from $4K (2024) to $8K (2023). In 2025 it made 8 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 4 individual scholarships Recipients not named | — | $2,200 |
| University of Wisconsinplatteville Platteville, WI | Scholarship | $1,000 |
| Loras College Dubuque, IA | Scholarship | $900 |
| Academy of Beauty Professionals Green Bay, WI | Scholarship | $600 |
| Madison College Madison, WI | Scholarship | $400 |
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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 | $130,652 | $16,164 | $9,154 | $5,100 | 8 | $6,843 | $13,780 | $7,510 |
| 2024 | $123,685 | $5,820 | $7,925 | $4,000 | 5 | $5,731 | $3,661 | $7,186 |
| 2023 | $125,790 | $5,344 | $11,247 | $7,500 | 4 | $9,215 | $3,151 | $6,690 |
| 2022 | $131,692 | $5,155 | $9,270 | $5,250 | 3 | $6,962 | $3,190 | $6,994 |
| 2021 | $135,808 | $16,513 | $9,281 | $5,300 | 4 | $7,037 | $14,341 | $7,944 |
| 2020 | $128,576 | $5,874 | $10,054 | $6,400 | 1 | — | $3,952 | $7,034 |
| 2019 | $132,758 | $5,775 | $9,390 | $6,400 | 7 | — | $3,794 | $7,234 |
Under IRS private-foundation payout rules, Korupp & Waelti Scholarship Fund reported a distributable amount of $8K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Korupp & Waelti Scholarship Fund's only listed officer is US Bank N A, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2019
1 hr/week
$2K (2019) → $2K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $2K, to US Bank N a (Trustee).
Frequently asked questions about Korupp & Waelti Scholarship Fund
How much does Korupp & Waelti Scholarship Fund give each year?
Korupp & Waelti Scholarship Fund gave $5K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4K across 5 grants.
What is Korupp & Waelti Scholarship Fund's typical grant size?
Korupp & Waelti Scholarship Fund's median grant in 2025 was $600, and its average grant was $638, across 8 grants on its 2025 IRS Form 990-PF.
Where does Korupp & Waelti Scholarship Fund give grants?
Korupp & Waelti Scholarship Fund gives mostly in Wisconsin: 82% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Iowa (18%).
Does Korupp & Waelti Scholarship Fund give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Korupp & Waelti Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (7 grants).
Who are Korupp & Waelti Scholarship Fund's largest grantees?
Korupp & Waelti Scholarship Fund's largest 2025 grantees include University of Wisconsinplatteville ($1,000), Loras College ($900) and Academy of Beauty Professionals ($600), according to its 2025 IRS Form 990-PF. It also paid 4 individual scholarships ($2,200), which are not listed by name. Together they received 49% of its itemized 2025 grant dollars.
How large is Korupp & Waelti Scholarship Fund?
Korupp & Waelti Scholarship Fund reported $131K in total assets on its 2025 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $8K (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 Korupp & Waelti Scholarship Fund's EIN?
Korupp & Waelti Scholarship Fund's EIN (Employer Identification Number) is 39-6291034. IRS Form 990 filing data is available on this page for 2019–2025.
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 2019 (received by the IRS May 8, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2019–2024
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