Myrtle Cass Trust
Myrtle Cass Trust is a private foundation, based in Grinnell, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.0M in total assets. In 2025, it awarded 3 grants totaling $104K. Net investment income was $102K.
Myrtle Cass Trust at a glance
In short: Myrtle Cass Trust gave $104K across 3 grants in 2025 (avg $35K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $104,097
- -41.1% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $34,699
- -41.1% vs 2024
- Median grant
- $31,229
- Total assets
- $3,001,049
- -0.5% vs 2024
- Primary geography
- California (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 Myrtle Cass Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Grace Communion International ($52K). Together the top 3 received $104K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 8 grants of 15 (53%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Myrtle Cass Trust gives
- Giving fell 30% from 2022 to 2025. Method
- In 2025 it paid out 70% 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 $104K (2025) to $177K (2024). In 2025 it made 3 grants totaling $104K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Grace Communion International Pasadena, CA | General support of church | $52,049 |
| Grinnell College Grinnell, IA | Scholarships for students | $31,229 |
| Unity Point Hospital - Grinnell Grinnell, IA | General support of hospital | $20,819 |
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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 | $3,001,049 | $122,808 | $167,902 | $104,097 | 3 | $110,166 | $101,568 | $157,859 |
| 2024 | $3,016,583 | $2,579,305 | $219,422 | $176,870 | 3 | $181,707 | $2,541,690 | $119,253 |
| 2023 | $652,501 | $85,526 | $218,006 | $171,395 | 3 | $179,486 | $71,215 | $174,639 |
| 2022 | $781,668 | $86,058 | $202,332 | $148,961 | 3 | $155,837 | $64,711 | $178,272 |
| 2021 | $897,941 | $412,424 | $180,358 | $128,653 | 3 | $134,603 | $372,734 | $154,911 |
| 2020 | $665,875 | $303,560 | $200,224 | $148,842 | 3 | — | $259,373 | $138,769 |
| 2019 | $568,456 | $116,956 | $195,401 | $131,644 | 3 | — | $62,315 | $148,842 |
Under IRS private-foundation payout rules, Myrtle Cass Trust reported a distributable amount of $158K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Myrtle Cass Trust's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
John F. Bierman III
Trustee
On filings since 2019
1 hr/week
$3K (2019) → $3K (2025)
West Bank
Trustee
On filings since 2021
1 hr/week
$6K (2021) → $18K (2025)
Former officers (1)
- Former: Wells Fargo Bank (2019–2020) — Trustee
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 $18K, to West Bank (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Myrtle Cass Trust
How much does Myrtle Cass Trust give each year?
Myrtle Cass Trust gave $104K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $177K across 3 grants.
What is Myrtle Cass Trust's typical grant size?
Myrtle Cass Trust's median grant in 2025 was $31,229, and its average grant was $34,699, across 3 grants on its 2025 IRS Form 990-PF.
Where does Myrtle Cass Trust give grants?
Myrtle Cass Trust gives mostly in California: 50% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Iowa (50%). The most frequent recipient cities were Grinnell, IA (2 grants).
Does Myrtle Cass Trust give general operating support?
Yes: 67% of Myrtle Cass Trust's 2025 grants with a stated purpose (2 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Myrtle Cass Trust?
Myrtle Cass Trust reported $3.0M in total assets on its 2025 IRS Form 990-PF. It paid out $110K in qualifying distributions that year, against a required minimum of $158K (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 Myrtle Cass Trust's EIN?
Myrtle Cass Trust's EIN (Employer Identification Number) is 42-6563202. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 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 11, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 16, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 7, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 10, 2026)
- IRS filings on file for fiscal years 2019–2024
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