Mars & Verna Rolfson Scholarship Trust
Mars & Verna Rolfson Scholarship Trust is a private foundation, based in BILLINGS, MT. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $471K in total assets. In 2024, it awarded 9 grants totaling $19K. Net investment income was $20K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$471K
-0.5% YoY
Annual Giving
$19K
-15.6% YoY
Grant Count
9
-10.0% YoY
Avg Grant Size
$2K
-6.2% YoY
Under IRS private-foundation payout rules, Mars & Verna Rolfson Scholarship Trust reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.
About Mars & Verna Rolfson Scholarship Trust
Based on IRS filings
Mars & Verna Rolfson Scholarship Trust is a private foundation, based in BILLINGS, MT. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $471K in total assets. In 2024, it awarded 9 grants totaling $19K. Net investment income was $20K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $471,240 | $473,780 | $455,486 |
| Revenue | $25,414 | $48,254 | $682 |
| Expenses | $28,071 | $29,755 | $32,572 |
| Qualifying Distributions | $21,839 | $25,152 | $26,311 |
| Net Investment Income | $20,274 | $43,139 | $7,800 |
| Distributable Amount | $24,651 | $22,755 | $26,840 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Msu - Bozeman ($4,000), Pacific Lutheran University ($4,000), Carroll College ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BRIGHAM YOUNG UNIVERSITY PROVO, UT | SCHOLARSHIP | $1,000 |
| CARROLL COLLEGE HELENA, MT | SCHOLARSHIP | $2,000 |
| U OF M - MISSOULA MISSOULA, MT | SCHOLARSHIP | $1,600 |
| U OF M - MISSOULA MISSOULA, MT | SCHOLARSHIP | $1,600 |
| MSU - BOZEMAN BOZEMAN, MT | SCHOLARSHIP | $1,600 |
| MSU - BOZEMAN BOZEMAN, MT | SCHOLARSHIP | $4,000 |
| MSU - BOZEMAN BOZEMAN, MT | SCHOLARSHIP | $1,600 |
| CAL POLY HUMBOLT ARCATA, CA | SCHOLARSHIP | $1,600 |
| PACIFIC LUTHERAN UNIVERSITY TACOMA, WA | SCHOLARSHIP | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FIRST INTERSTATE BANK | TRUSTEE | 1 | $6,194 |
Frequently Asked Questions
How large is Mars & Verna Rolfson Scholarship Trust?
As of 2024, Mars & Verna Rolfson Scholarship Trust holds $471K in total assets with $25K in annual revenue. It awarded 9 grants totaling $19K in 2024.
Where does Mars & Verna Rolfson Scholarship Trust operate?
Mars & Verna Rolfson Scholarship Trust has awarded grants in Arizona, California, Florida, Idaho, Maryland, Michigan, Montana, New Jersey, New Mexico, Utah, Vermont, Washington, Wyoming.
What size grants does Mars & Verna Rolfson Scholarship Trust award?
In 2024, Mars & Verna Rolfson Scholarship Trust awarded 9 grants totaling $19K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Mars & Verna Rolfson Scholarship Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mars & Verna Rolfson Scholarship Trust reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mars & Verna Rolfson Scholarship Trust's EIN?
Mars & Verna Rolfson Scholarship Trust's EIN (Employer Identification Number) is 36-3677368. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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