Olson Brothers Family Foundation

Private foundation · Grantmaker Hastings, NE EIN: 47-0841132

Olson Brothers Family Foundation is a private foundation focused on Education, based in Hastings, NE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $699K in total assets. In 2025, it awarded 3 grants totaling $42K. Net investment income was $2K.

Olson Brothers Family Foundation at a glance

In short: Olson Brothers Family Foundation gave $42K across 3 grants in 2025 (avg $14K), mostly in Iowa. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$42,000
-2.3% vs 2024
Grants made (2025)
3
+50.0% vs 2024
Average grant
$14,000
-34.9% vs 2024
Median grant
$2,281
Total assets
$699,222
-5.5% vs 2024
Primary geography
Iowa (92% 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 Olson Brothers Family Foundation funds

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

University of Minnesota: $2KUniversity of Minnesota$2KNebraska State Fair: $1KNebraska State Fair$1K

The largest 2025 recipient was University of Minnesota ($2K). Together the top 2 received $3K.

Organizations only. It also paid 1 grant to individuals ($38,719), which are not listed by name.

Grant Size Distribution

14 grants across all recorded years

14<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 14 grants of 14 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2025 grant dollars across all 3 itemized grants.

Cities

Grand IslandMinneapolisAmesBrookingsManhattan

How Olson Brothers Family Foundation gives

  • Giving held roughly steady from 2022 to 2025 (+18%). Method
  • In 2025 it paid out 91% 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

$0$20K$40K$60K2 grants2020 3 grants2021 3 grants2022 3 grants2023 2 grants2024 3 grants2025

From 2020 to 2025, annual grant giving ranged from $36K (2022) to $55K (2020). In 2025 it made 3 grants totaling $42K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
1 grant to individuals Recipients not named —$38,719
University of Minnesota Minneapolis, MNSupporting Students in Ag & Food Animal Medicine$2,281
Nebraska State Fair Grand Island, NEPrevious Director Memorial$1,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$699,222$1,957$42,940$42,0003$42,000$1,957$45,934
2024$740,205$1,414$43,820$43,0002$43,000$1,414$43,746
2023$782,611$653$39,783$39,0003$39,000$653$38,198
2022$821,741$622$39,355$35,5003$35,500$622$38,418
2021$860,474$198,846$54,816$53,5003$53,500$198,846$47,023
2020$716,444$23,455$56,350$55,4002—$23,455$37,728

Under IRS private-foundation payout rules, Olson Brothers Family Foundation reported a distributable amount of $46K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Olson Brothers Family Foundation is led by Les Seiler, President Hrs As Needed on every filing since 2020; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Les Seiler

    President Hrs As Needed

    On filings since 2020

    No compensation reported

  • Randy D. Knapp

    Sec-Treas & Director Hrs As Needed

    Sec-Treas & Director Hrs As → Sec-Treas & Director Hrs As Needed, 2022

    On filings since 2020

    No compensation reported

  • Richard Paumer

    Director Hrs As Needed

    On filings since 2020

    No compensation reported

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.

Frequently asked questions about Olson Brothers Family Foundation

How much does Olson Brothers Family Foundation give each year?

Olson Brothers Family Foundation gave $42K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $43K across 2 grants.

What is Olson Brothers Family Foundation's typical grant size?

Olson Brothers Family Foundation's median grant in 2025 was $2,281, and its average grant was $14,000, across 3 grants on its 2025 IRS Form 990-PF.

Where does Olson Brothers Family Foundation give grants?

Olson Brothers Family Foundation gives mostly in Iowa: 92% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Minnesota (5%).

Does Olson Brothers Family Foundation give general operating support?

Not in 2025: none of the 3 grants with a stated purpose on Olson Brothers Family Foundation's 2025 IRS Form 990-PF were described as general or operating support.

How large is Olson Brothers Family Foundation?

Olson Brothers Family Foundation reported $699K in total assets on its 2025 IRS Form 990-PF. It paid out $42K in qualifying distributions that year, against a required minimum of $46K (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 Olson Brothers Family Foundation?

Olson Brothers Family Foundation is a private foundation focused on Education, based in Hastings, NE. It holds $699K in total assets as of 2025.

What is Olson Brothers Family Foundation's EIN?

Olson Brothers Family Foundation's EIN (Employer Identification Number) is 47-0841132. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(7)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 16, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 26, 2026)
  7. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Olson Brothers Family 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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