Olive Rice Reierson Foundation is a private foundation focused on Education, based in RAPID CITY, SD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 19 grants totaling $72K. Net investment income was $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-10.8% YoY
Annual Giving
$72K
-8.9% YoY
Grant Count
19
+11.8% YoY
Avg Grant Size
$4K
-18.5% YoY
Under IRS private-foundation payout rules, Olive Rice Reierson Foundation reported a distributable amount of $85K for 2024 — the minimum it must pay out in qualifying distributions.
About Olive Rice Reierson Foundation
Based on IRS filings
Olive Rice Reierson Foundation is a private foundation focused on Education, based in RAPID CITY, SD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 19 grants totaling $72K. Net investment income was $17K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,129,488 | $1,266,139 | $1,340,641 |
| Revenue | $-23,915 | $44,487 | $100,494 |
| Expenses | $110,919 | $118,195 | $115,057 |
| Qualifying Distributions | $87,544 | $105,710 | $90,645 |
| Net Investment Income | $16,562 | $42,513 | $59,338 |
| Distributable Amount | $85,348 | $81,088 | $91,311 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
83 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Powell County Medical Foundation ($11,000), Eden Butler CO Utah State Universit ($5,000), Madison Jarrell CO University of Mo ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Powell County Medical Foundation Deer Lodge, MT | General Support | $11,000 |
| Eden Butler CO Utah State Universit Logan, UT | Scholarship | $5,000 |
| Madison Jarrell CO University of Mo Missoula, MT | Scholarship | $5,000 |
| Sydney Phillips CO Montana Technica Butte, MT | Scholarship | $3,000 |
| Wyatt Smith CO Montana State Univer Bozeman, MT | Scholarship | $5,000 |
| Natalie Spring CO Washington State Pullman, WA | Scholarship | $1,000 |
| Aiden Thompson CO South Dakota Scho Rapid City, SD | Scholarship | $1,000 |
| Macy Williams CO Montana State Univ Bozeman, MT | Scholarship | $4,000 |
| Hunter Steinebach CO University of Missoula, MT | Scholarship | $4,000 |
| Mary Hansen CO Montana Tech Univers Butte, MT | Scholarship | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| First Trust Company LLC | Trustee | 1 | $8,651 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Olive Rice Reierson Foundation?
Olive Rice Reierson Foundation is a private foundation focused on Education, based in RAPID CITY, SD. It holds $1.1M in total assets as of 2024.
How large is Olive Rice Reierson Foundation?
As of 2024, Olive Rice Reierson Foundation holds $1.1M in total assets with $-23,915 in annual revenue. It awarded 19 grants totaling $72K in 2024.
Where does Olive Rice Reierson Foundation operate?
Olive Rice Reierson Foundation has awarded grants in Arizona, Idaho, Kansas, Missouri, Montana, South Dakota, Utah, Washington, Wyoming.
What size grants does Olive Rice Reierson Foundation award?
In 2024, Olive Rice Reierson Foundation awarded 19 grants totaling $72K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Olive Rice Reierson Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Olive Rice Reierson Foundation reported a distributable amount of $85K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Olive Rice Reierson Foundation's EIN?
Olive Rice Reierson Foundation's EIN (Employer Identification Number) is 36-3463190. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Olive Rice Reierson Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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