Paul & Mary Collins Trust
The Paul & Mary Collins Trust is a private foundation based in Eagan, Minnesota. Its 2025 filing describes scholarship support for individuals enrolling at a college or university, with primary consideration given to residents of Lyon County, Iowa.
Paul & Mary Collins Trust at a glance
In short: Paul & Mary Collins Trust gave $40K across 25 grants in 2025 (avg $2K), top state Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $39,596
- +13.9% vs 2024
- Grants made (2025)
- 25
- +13.6% vs 2024
- Average grant
- $1,584
- +0.3% vs 2024
- Median grant
- $1,000
- Total assets
- $891,487
- +4.5% vs 2024
- Primary geography
- Iowa (43% 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 Paul & Mary Collins Trust
- How to Apply
-
The filing says to obtain the necessary forms from U.S. Bank and submit a statement of a plan for educational progress along with a financial aid application. Applicants must be enrolling at a college or university. Descendants of Paul and Mary Collins are not eligible.
- Review Cycle
- June 1; the filing does not specify a year for this deadline.
- Deadline
- June 1; the filing does not specify a year for this deadline.
- Contact
Application contact: Us Bank N A
Mailing address: 203 South 2Nd Ave, Rock Rapids, IA 51246
Phone: (712) 472-2581
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Paul & Mary Collins Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Dordt University ($4K). Together the top 10 received $21K.
Organizations only. It also paid 5 individual scholarships ($12,474), which are not listed by name.
Grant Size Distribution
106 grants across all recorded years
The most common grant size was under $50K: 106 grants of 106 (100%).
Geographic Focus
Where this funder awards grants
The filing states that primary consideration is given to residents of Lyon County, Iowa. In 2025, the largest shares of grant dollars went to recipients in Iowa (43%) and an individual recipient (35%), followed by Illinois (5%), Minnesota (4%), and Massachusetts (3%).
Grant Distribution by State
Share of 2025 grant dollars across all 25 itemized grants.
States
Cities
How Paul & Mary Collins Trust gives
- Giving held roughly steady from 2022 to 2025 (−8%). Method
- In 2025 it paid out 148% 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 2021 to 2025, annual grant giving ranged from $35K (2024) to $43K (2022). In 2025 it made 25 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 5 individual scholarships Recipients not named | — | $12,474 |
| Dordt University Sioux City, IA | Scholarships | $3,750 |
| University of Iowa Iowa City, IA | Scholarships | $2,912 |
| University of South Dakota Vermillion, SD | Scholarships | $2,812 |
| University of Sioux Falls Sioux Falls, SD | Scholarships | $2,050 |
| Iowa State University Ames, IA | Scholarships | $1,950 |
| Des Moines University West Des Moines, IA | Scholarships | $1,512 |
| Stewarts School Sioux Falls, SD | Scholarships | $1,512 |
| Illinois College of Optometry Chicago, IL | Scholarships | $1,512 |
| Northwestern College Orange City, IA | Scholarships | $1,512 |
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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 | $891,487 | $58,655 | $52,281 | $39,596 | 25 | $44,569 | $52,850 | $30,172 |
| 2024 | $853,409 | $80,323 | $53,605 | $34,750 | 22 | $43,714 | $71,970 | $45,479 |
| 2023 | $826,699 | $111,674 | $60,513 | $42,625 | 21 | $51,376 | $104,248 | $44,686 |
| 2022 | $774,499 | $91,244 | $62,862 | $43,200 | 18 | $53,317 | $82,259 | $53,227 |
| 2021 | $745,164 | $49,824 | $57,117 | $40,125 | 20 | — | $40,155 | $51,153 |
Under IRS private-foundation payout rules, Paul & Mary Collins Trust reported a distributable amount of $30K 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 trust is provided. Its 2025 grants went to colleges and universities, with the listed grant purposes identified as scholarships. Grantees describe a range of educational missions: Dordt University says it equips students and others to work toward Christ-centered renewal; the Illinois College of Optometry says it develops clinical optometrists through optometric education; and Morningside University says it cultivates lifelong learning, ethical leadership, and civic responsibility.
Grantmaking
In filing year 2025, the trust gave $39,596 through 25 grants. Grants ranged from $400 to $6,874, with a median of $1,000. Among the largest were an individual recipient State University ($6,874), Dordt University ($3,750), the University of Iowa ($2,912), the University of an individual recipient ($2,812), and an individual recipient Community College ($2,650); each was listed for scholarships.
Leadership & Key People
Leadership team and compensation from IRS filings
U.S. Bank N.A. is listed as trustee on the 2025 filing.
Paul & Mary Collins Trust's only listed officer is US Bank N A, Trustee on the 2025 filing (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
New on the 2025 filing
1 hr/week
$10K (2025)
Former officers (1)
- Former: U S Bank N A (2021–2024) — Trustee
Data from IRS Form 990 filings, 2021–2025. "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 $10K, to US Bank N a (Trustee).
Frequently asked questions about Paul & Mary Collins Trust
How much does Paul & Mary Collins Trust give each year?
Paul & Mary Collins Trust gave $40K across 25 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $35K across 22 grants.
What is Paul & Mary Collins Trust's typical grant size?
Paul & Mary Collins Trust's median grant in 2025 was $1,000, and its average grant was $1,584, across 25 grants on its 2025 IRS Form 990-PF.
Where does Paul & Mary Collins Trust give grants?
Paul & Mary Collins Trust's top state is Iowa, with 43% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were South Dakota (35%) and Illinois (5%). The most frequent recipient cities were Sioux City, IA (2 grants) and Sioux Falls, SD (2 grants).
Does Paul & Mary Collins Trust give general operating support?
Not in 2025: none of the 25 grants with a stated purpose on Paul & Mary Collins Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (25 grants).
Who are Paul & Mary Collins Trust's largest grantees?
Paul & Mary Collins Trust's largest 2025 grantees include Dordt University ($3,750), University of Iowa ($2,912) and University of South Dakota ($2,812), according to its 2025 IRS Form 990-PF. It also paid 5 individual scholarships ($12,474), which are not listed by name. Together they received 24% of its itemized 2025 grant dollars.
How large is Paul & Mary Collins Trust?
Paul & Mary Collins Trust reported $891K in total assets on its 2025 IRS Form 990-PF. It paid out $45K in qualifying distributions that year, against a required minimum of $30K (roughly 5% of its investment assets).
What does Paul & Mary Collins Trust fund?
No mission statement for the trust is provided. Its 2025 grants went to colleges and universities, with the listed grant purposes identified as scholarships. See mission & focus areas ↑
How do I apply for a grant from Paul & Mary Collins Trust?
The filing says to obtain the necessary forms from U.S. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Paul & Mary Collins Trust's EIN?
Paul & Mary Collins Trust's EIN (Employer Identification Number) is 42-6120024. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 7, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 13, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 11, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 10, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2021–2025
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