Odella S Baak Charitable Trust
Odella S Baak Charitable 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 $542K in total assets. In 2025, it awarded 2 grants totaling $31K. Net investment income was $49K.
Odella S Baak Charitable Trust at a glance
In short: Odella S Baak Charitable Trust gave $31K across 2 grants in 2025 (avg $15K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $30,811
- +8.5% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $15,406
- +8.5% vs 2024
- Median grant
- $15,406
- Total assets
- $542,183
- +3.4% vs 2024
- Primary geography
- Minnesota (100% 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 Odella S Baak Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Luther Seminary ($18K). Together the top 2 received $31K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 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 Odella S Baak Charitable Trust gives
- Giving held roughly steady from 2022 to 2025 (−7%). Method
- In 2025 it paid out 97% 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 $28K (2021) to $33K (2022). In 2025 it made 2 grants totaling $31K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Luther Seminary Saint Paul, MN | Scholarships | $18,487 |
| St Olaf College Northfield, MN | Scholarships | $12,324 |
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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 | $542,183 | $59,222 | $41,380 | $30,811 | 2 | $30,811 | $49,306 | $31,881 |
| 2024 | $524,213 | $42,195 | $38,460 | $28,387 | 2 | $28,387 | $32,595 | $30,811 |
| 2023 | $520,590 | $27,406 | $38,408 | $29,176 | 2 | $29,176 | $17,635 | $28,387 |
| 2022 | $531,535 | $12,842 | $43,638 | $33,253 | 2 | $33,253 | $3,508 | $29,176 |
| 2021 | $562,328 | $54,527 | $38,029 | $27,827 | 2 | $27,827 | $44,477 | $33,271 |
| 2020 | $546,112 | $29,020 | $36,770 | $28,180 | 2 | — | $20,245 | $27,809 |
Under IRS private-foundation payout rules, Odella S Baak Charitable Trust reported a distributable amount of $32K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Odella S Baak Charitable 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
3 hrs/week
$8K (2020) → $9K (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 $9K, to Security National Bank (Trustee).
Frequently asked questions about Odella S Baak Charitable Trust
How much does Odella S Baak Charitable Trust give each year?
Odella S Baak Charitable Trust gave $31K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $28K across 2 grants.
How large is Odella S Baak Charitable Trust?
Odella S Baak Charitable Trust reported $542K in total assets on its 2025 IRS Form 990-PF. It paid out $31K in qualifying distributions that year, against a required minimum of $32K (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 Odella S Baak Charitable Trust operate?
Odella S Baak Charitable Trust has awarded grants in Minnesota, Nebraska.
What is Odella S Baak Charitable Trust's EIN?
Odella S Baak Charitable Trust's EIN (Employer Identification Number) is 47-6983787. 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
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 24, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 6, 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)
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