Leonhard Baak Trust
Leonhard Baak Trust is a private foundation, based in Sioux City, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.9M in total assets. In 2025, it awarded 2 grants totaling $186K. Net investment income was $208K.
Leonhard Baak Trust at a glance
In short: Leonhard Baak Trust gave $186K across 2 grants in 2025 (avg $93K), mostly in Colorado. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $185,716
- +9.8% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $92,858
- +9.8% vs 2024
- Median grant
- $92,858
- Total assets
- $2,905,213
- +0.7% vs 2024
- Primary geography
- Colorado (50% 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 Leonhard Baak Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Regents of the University of Colorado ($93K). Together the top 2 received $186K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $50–100K range: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Leonhard Baak Trust gives
- Giving held roughly steady from 2022 to 2025 (+13%). Method
- In 2025 it paid out 103% 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 $148K (2021) to $186K (2025). In 2025 it made 2 grants totaling $186K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Regents of the University of Colorado Denver, CO | Scholarship | $92,858 |
| International Lutheran Laymen's League Saint Louis, MO | Ministry | $92,858 |
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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 | $2,905,213 | $237,823 | $218,675 | $185,716 | 2 | $185,716 | $207,620 | $180,139 |
| 2024 | $2,885,666 | $190,600 | $201,422 | $169,112 | 2 | $169,112 | $160,839 | $185,716 |
| 2023 | $2,896,782 | $151,324 | $184,473 | $155,571 | 2 | $155,571 | $121,499 | $169,112 |
| 2022 | $2,929,567 | $90,975 | $198,817 | $165,001 | 2 | $165,001 | $61,647 | $155,571 |
| 2021 | $3,037,224 | $217,341 | $178,527 | $147,582 | 2 | $147,582 | $187,802 | $165,001 |
| 2020 | $2,999,346 | $156,834 | $181,766 | $152,971 | 2 | — | $129,942 | $148,401 |
Under IRS private-foundation payout rules, Leonhard Baak Trust reported a distributable amount of $180K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Leonhard Baak Trust's only listed officer is Security National Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Security National Bank
Trustee
On filings since 2020
1 hr/week
$19K (2020) → $21K (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 $21K, to Security National Bank (Trustee).
Frequently asked questions about Leonhard Baak Trust
How much does Leonhard Baak Trust give each year?
Leonhard Baak Trust gave $186K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $169K across 2 grants.
How large is Leonhard Baak Trust?
Leonhard Baak Trust reported $2.9M in total assets on its 2025 IRS Form 990-PF. It paid out $186K in qualifying distributions that year, against a required minimum of $180K (roughly 5% of its investment assets).
Where does Leonhard Baak Trust operate?
Leonhard Baak Trust has awarded grants in Colorado, Missouri.
What is Leonhard Baak Trust's EIN?
Leonhard Baak Trust's EIN (Employer Identification Number) is 42-6576745. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 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 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2020–2024
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