Marvin Thorson Trust
Marvin Thorson Trust is a private foundation, based in Devils Lake, ND. IRS filing data is available for 2025. As of 2025, the organization holds $2.9M in total assets. In 2025, it awarded 2 grants totaling $90K. Net investment income was $158K.
Marvin Thorson Trust at a glance
In short: Marvin Thorson Trust gave $90K across 2 grants in 2025 (avg $45K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $90,086
- Grants made (2025)
- 2
- Average grant
- $45,043
- Median grant
- $45,043
- Total assets
- $2,876,359
- Primary geography
- Minnesota (50% 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 Marvin Thorson Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Concordia College ($45K). Together the top 2 received $90K.
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Marvin Thorson Trust gives
- In 2025 it paid out 60% 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
In 2025 it made 2 grants totaling $90K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Concordia College Moorhead, MN | General Grant | $45,043 |
| UND Alumni Association Grand Forks, ND | General Grant | $45,043 |
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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 | $2,876,359 | $169,235 | $114,165 | $90,086 | 2 | $101,966 | $157,636 | $170,265 |
Under IRS private-foundation payout rules, Marvin Thorson Trust reported a distributable amount of $170K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Marvin Thorson Trust's 2025 filing lists 7 officers; 1 of 7 officers listed in 2025 is compensated.
Officers on the 2025 filing
1st United Bank
Trustee
New on the 2025 filing
1 hr/week
$22K (2025)
Candace Bergstrom
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Dixie Omen
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Kathy Martin
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Lori Brown
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Penny Yankton
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Sheldon Greywater
Director
New on the 2025 filing
0.1 hrs/week
No compensation reported
Data from IRS Form 990 filings, 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 $22K, to 1ST United Bank (Trustee).
Frequently asked questions about Marvin Thorson Trust
How much does Marvin Thorson Trust give each year?
Marvin Thorson Trust gave $90K across 2 grants in 2025, according to its 2025 IRS Form 990-PF.
How large is Marvin Thorson Trust?
Marvin Thorson Trust reported $2.9M in total assets on its 2025 IRS Form 990-PF. It paid out $102K in qualifying distributions that year, against a required minimum of $170K (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.
Where does Marvin Thorson Trust operate?
Marvin Thorson Trust has awarded grants in Minnesota, North Dakota.
What is Marvin Thorson Trust's EIN?
Marvin Thorson Trust's EIN (Employer Identification Number) is 32-6434749. IRS Form 990 filing data is available on this page for 2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 16, 2026)
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