Leo C Parent Charitable Scholarship Trust II
Leo C Parent Charitable Scholarship Trust II is a private foundation focused on Education, based in Grand Forks, ND. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.7M in total assets. In 2025, it awarded 9 grants totaling $31K. Net investment income was $126K.
Leo C Parent Charitable Scholarship Trust II at a glance
In short: Leo C Parent Charitable Scholarship Trust II gave $31K across 9 grants in 2025 (avg $3K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $30,600
- -25.0% vs 2024
- Grants made (2025)
- 9
- +0.0% vs 2024
- Average grant
- $3,400
- -25.0% vs 2024
- Median grant
- $1,200
- Total assets
- $1,696,945
- +2.8% vs 2024
- Primary geography
- Minnesota (55% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Leo C Parent Charitable Scholarship Trust II funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was University of North Dakota ($14K). Together the top 7 received $28K.
Organizations only. It also paid 2 individual scholarships ($2,400), which are not listed by name.
Grant Size Distribution
36 grants across all recorded years
The most common grant size was under $50K: 35 grants of 36 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How Leo C Parent Charitable Scholarship Trust II gives
- Giving fell 29% from 2022 to 2025. Method
- In 2025 it paid out 38% 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 2025, annual grant giving ranged from $31K (2025) to $53K (2021). In 2025 it made 9 grants totaling $31K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of North Dakota Grand Forks, ND | Scholarship | $13,800 |
| University of Minnesota Minneapolis, MN | Scholarship | $4,200 |
| Bemidji State University Bemidji, MN | Scholarship | $3,600 |
| Concordia College Moorhead, MN | Scholarship | $3,000 |
| Minnesota State University Mankato, MN | Scholarship | $1,200 |
| Northland Community College East Grand Forks, MN | Scholarship | $1,200 |
| St John's University Collegeville, MN | Scholarship | $1,200 |
| 2 individual scholarships Recipients not named | — | $2,400 |
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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 | $1,696,945 | $146,520 | $88,009 | $30,600 | 9 | $36,746 | $126,341 | $96,335 |
| 2024 | $1,650,534 | $152,028 | $66,133 | $40,800 | 9 | $48,706 | $140,940 | $87,970 |
| 2023 | $1,564,795 | $-57,063 | $58,823 | $42,000 | 10 | $54,279 | $22,044 | $79,115 |
| 2022 | $1,682,150 | $57,233 | $53,590 | $43,200 | 7 | $49,442 | $37,276 | $80,895 |
| 2021 | $1,678,507 | $386,140 | $79,268 | $52,800 | 1 | $65,675 | $358,592 | $85,304 |
| 2020 | $1,368,755 | $149,777 | $53,647 | $38,400 | 1 | — | $141,844 | $77,811 |
Under IRS private-foundation payout rules, Leo C Parent Charitable Scholarship Trust II reported a distributable amount of $96K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Leo C Parent Charitable Scholarship Trust II is led by Alerus Financial, Trustee on every filing since 2020 — the only officer listed, and compensated.
Officers on the 2025 filing
Alerus Financial
Trustee
On filings since 2020
1 hr/week
$12K (2020) → $12K (2025)
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $12K, to Alerus Financial (Trustee).
Frequently asked questions about Leo C Parent Charitable Scholarship Trust II
How much does Leo C Parent Charitable Scholarship Trust II give each year?
Leo C Parent Charitable Scholarship Trust II gave $31K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $41K across 9 grants.
What is Leo C Parent Charitable Scholarship Trust II's typical grant size?
Leo C Parent Charitable Scholarship Trust II's median grant in 2025 was $1,200, and its average grant was $3,400, across 9 grants on its 2025 IRS Form 990-PF.
Where does Leo C Parent Charitable Scholarship Trust II give grants?
Leo C Parent Charitable Scholarship Trust II gives mostly in Minnesota: 55% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was North Dakota (45%).
Does Leo C Parent Charitable Scholarship Trust II give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on Leo C Parent Charitable Scholarship Trust II's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (9 grants).
Who are Leo C Parent Charitable Scholarship Trust II's largest grantees?
Leo C Parent Charitable Scholarship Trust II's largest 2025 grantees include University of North Dakota ($13,800), University of Minnesota ($4,200) and Bemidji State University ($3,600), according to its 2025 IRS Form 990-PF. It also paid 2 individual scholarships ($2,400), which are not listed by name. Together they received 71% of its itemized 2025 grant dollars.
How large is Leo C Parent Charitable Scholarship Trust II?
Leo C Parent Charitable Scholarship Trust II reported $1.7M in total assets on its 2025 IRS Form 990-PF. It paid out $37K in qualifying distributions that year, against a required minimum of $96K (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 Leo C Parent Charitable Scholarship Trust II?
Leo C Parent Charitable Scholarship Trust II is a private foundation focused on Education, based in Grand Forks, ND. It holds $1.7M in total assets as of 2025.
What is Leo C Parent Charitable Scholarship Trust II's EIN?
Leo C Parent Charitable Scholarship Trust II's EIN (Employer Identification Number) is 26-6312571. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
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