Olive Rice Reierson Foundation
The Olive Rice Reierson Foundation is a private foundation based in Rapid City, South Dakota. Its 2025 filing reports 21 grants totaling $80,000, including scholarships and general support.
Olive Rice Reierson Foundation at a glance
In short: Olive Rice Reierson Foundation gave $80K across 21 grants in 2025 (avg $4K), mostly in Montana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $80,000
- +11.1% vs 2024
- Grants made (2025)
- 21
- +10.5% vs 2024
- Average grant
- $3,810
- +0.5% vs 2024
- Median grant
- $3,500
- Total assets
- $1,051,244
- -6.9% vs 2024
- Primary geography
- Montana (82% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Olive Rice Reierson Foundation
- How to Apply
-
The 2023 filing lists First Trust Company LLC as the contact and says to see the attached application information. It describes eligibility as being a Powell County, Montana, resident and a worthy and deserving high school senior or graduate from the area. Applicants should show pride in personal appearance and an earnest desire to pursue education and become productive citizens; they must plan to attend full-time an accredited two- or four-year college, university, technical college, trade school, or vocational school in the United States. Financial need and academic achievement are additional desired qualifications.
- Review Cycle
- April 1, as listed on the 2023 filing. This is a past application cycle.
- Deadline
- April 1, as listed on the 2023 filing.
- Contact
Application contact: First Trust Company Llc
Mailing address: 1919 Hope Court, Rapid City, SD 57701
Phone: (605) 791-0837
Email: tdenhoed@firsttrustcompany.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Olive Rice Reierson Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Powell County Medical Foundation ($21K). Together the top 10 received $52K.
Organizations only. It also paid 10 individual scholarships ($26,500), which are not listed by name.
Grant Size Distribution
92 grants across all recorded years
The most common grant size was under $50K: 92 grants of 92 (100%).
Geographic Focus
Where this funder awards grants
The 2025 filing reports that grant dollars went to recipients in Montana (82%), Utah (16%), and Washington (2%). The eligibility criteria on the 2023 filing specify Powell County, Montana, residency.
Grant Distribution by State
Share of 2025 grant dollars across all 21 itemized grants.
Cities
How Olive Rice Reierson Foundation gives
- Giving held roughly steady from 2022 to 2025 (+1%). Method
- In 2025 it paid out 109% of its IRS minimum distribution (the 5% rule). 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 $47K (2020) to $86K (2021). In 2025 it made 21 grants totaling $80K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Powell County Medical Foundation Deer Lodge, MT | General Support | $21,000 |
| Eden Butler CO Utah State Universit Logan, UT | Scholarship | $5,000 |
| 10 individual scholarships Recipients not named | — | $26,500 |
| Landon Freeman CO Montana State Uni Billings, MT | Scholarship | $4,500 |
| Sarah Lombardi CO Flathead Valley C Kalispell, MT | Scholarship | $4,000 |
| Mary Hansen CO Montana Tech Univers Butte, MT | Scholarship | $3,500 |
| Kelly Lamb CO Montana Technical Uni Butte, MT | Scholarship | $3,500 |
| Skyla Pierson CO Miles Community Co Miles City, MT | Scholarship | $3,500 |
| James Logan CO Montana State Univer Bozeman, MT | Scholarship | $2,500 |
| Natalie Spring CO Washington State Pullman, WA | Scholarship | $2,000 |
Ready to take the next step with Olive Rice Reierson Foundation?
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 | $1,051,244 | $38,412 | $116,681 | $80,000 | 21 | $98,700 | $21,428 | $90,241 |
| 2024 | $1,129,488 | $-23,915 | $110,919 | $72,000 | 19 | $87,544 | $16,562 | $85,348 |
| 2023 | $1,266,139 | $44,487 | $118,195 | $79,000 | 17 | $105,710 | $42,513 | $81,088 |
| 2022 | $1,340,641 | $100,494 | $115,057 | $79,000 | 17 | $90,645 | $59,338 | $91,311 |
| 2021 | $1,351,455 | $137,755 | $119,991 | $85,700 | 18 | — | $115,606 | $92,060 |
| 2020 | $1,332,908 | $51,584 | $78,272 | $47,000 | 12 | — | $31,935 | $86,591 |
Under IRS private-foundation payout rules, Olive Rice Reierson Foundation reported a distributable amount of $90K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included scholarships to students and general support for the Powell County Medical Foundation. That grantee describes its own mission as providing funding for rural medical community needs.
Grantmaking
In filing year 2025, the foundation awarded 21 grants totaling $80,000. Grants ranged from $1,000 to $21,000, with a median of $3,500. The largest awards included $21,000 to Powell County Medical Foundation in Deer Lodge, Montana, for general support; $5,000 to a student at Utah State University for a scholarship; and $5,000 to a student at Montana State University for a scholarship.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists First Trust Company LLC as trustee.
Olive Rice Reierson Foundation's only listed officer is First Trust Company LLC, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
First Trust Company LLC
Trustee
On filings since 2023
1 hr/week
$2K (2023) → $9K (2025)
Former officers (2)
- Former: Wells Fargo Bank NA (2023) — Trustee
- Former: Wells Fargo Bank N A (2020–2022) — Trustee
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 First Trust Company LLC (Trustee).
Frequently asked questions about Olive Rice Reierson Foundation
How much does Olive Rice Reierson Foundation give each year?
Olive Rice Reierson Foundation gave $80K across 21 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $72K across 19 grants.
What is Olive Rice Reierson Foundation's typical grant size?
Olive Rice Reierson Foundation's median grant in 2025 was $3,500, and its average grant was $3,810, across 21 grants on its 2025 IRS Form 990-PF.
Where does Olive Rice Reierson Foundation give grants?
Olive Rice Reierson Foundation gives mostly in Montana: 82% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Utah (16%). The most frequent recipient cities were Butte, MT (2 grants) and Bozeman, MT (2 grants).
Does Olive Rice Reierson Foundation give general operating support?
Occasionally: 5% of Olive Rice Reierson Foundation's 2025 grants with a stated purpose (1 of 21) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Scholarship" (20 grants).
Who are Olive Rice Reierson Foundation's largest grantees?
Olive Rice Reierson Foundation's largest 2025 grantees include Powell County Medical Foundation ($21,000), Eden Butler CO Utah State Universit ($5,000) and Landon Freeman CO Montana State Uni ($4,500), according to its 2025 IRS Form 990-PF. It also paid 10 individual scholarships ($26,500), which are not listed by name. Together they received 38% of its itemized 2025 grant dollars.
How large is Olive Rice Reierson Foundation?
Olive Rice Reierson Foundation reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $99K in qualifying distributions that year, against a required minimum of $90K (roughly 5% of its investment assets).
What does Olive Rice Reierson Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants included scholarships to students and general support for the Powell County Medical Foundation. That grantee describes its own mission as providing funding for rural medical community needs. See mission & focus areas ↑
How do I apply for a grant from Olive Rice Reierson Foundation?
The 2023 filing lists First Trust Company LLC as the contact and says to see the attached application information. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 7, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 29, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Olive Rice Reierson Foundation funds
Education Open opportunities, soonest deadline first.
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Cite this profile
Grantable. (2026). Olive Rice Reierson Foundation funder profile. GrantGraph. Retrieved October 18, 2026, from https://grantable.co/funders/olive-rice-reierson-foundation-morg_1c2e59a46a2243759b9465a1ef79dc9a
BibTeX
@misc{grantable_363463190_2026,
author = {{Grantable}},
title = {{Olive Rice Reierson Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/olive-rice-reierson-foundation-morg_1c2e59a46a2243759b9465a1ef79dc9a},
note = {Accessed 2026-10-18. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Olive Rice Reierson Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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