Paxton Family Trust
Paxton Family Trust is a private foundation focused on Environment & Animals, based in Storm Lake, IA. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $515K in total assets. In 2026, it awarded 3 grants totaling $32K. Net investment income was $73K.
Paxton Family Trust at a glance
In short: Paxton Family Trust gave $32K across 3 grants in 2026 (avg $11K), mostly in Iowa. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $32,180
- +3.6% vs 2025
- Grants made (2026)
- 3
- +0.0% vs 2025
- Average grant
- $10,727
- +3.6% vs 2025
- Median grant
- $13,000
- Total assets
- $515,350
- +7.3% vs 2025
- Primary geography
- Iowa (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated October 2026.
Who Paxton Family Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2026
The largest 2026 recipient was Paxton Trust Gardens ($19K). Together the top 3 received $32K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 3 itemized grants.
States
Cities
How Paxton Family Trust gives
- Giving held roughly steady from 2023 to 2026 (+4%). Method
- In 2026 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
From 2021 to 2026, annual grant giving ranged from $28K (2021) to $32K (2026). In 2026 it made 3 grants totaling $32K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Paxton Trust Gardens Storm Lake, IA | park beautification | $18,980 |
| City of Storm Lake Storm Lake, IA | park beautification | $13,000 |
| Star Spangled Spectacular Storm Lake, IA | civic celebration | $200 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $515,350 | $72,721 | $39,290 | $32,180 | 3 | $32,828 | $72,721 | $36,022 |
| 2025 | $480,082 | $23,855 | $38,917 | $31,063 | 3 | $31,063 | $20,688 | $32,808 |
| 2024 | $490,212 | $23,791 | $36,107 | $28,985 | 3 | $28,985 | $16,669 | $30,160 |
| 2023 | $503,435 | $23,300 | $37,255 | $31,050 | 3 | $31,050 | $17,095 | $28,971 |
| 2022 | $517,327 | $21,123 | $37,194 | $30,260 | 3 | $30,260 | $44,386 | $30,944 |
| 2021 | $503,200 | $19,699 | $32,749 | $28,316 | 3 | — | $62,385 | $30,390 |
Under IRS private-foundation payout rules, Paxton Family Trust reported a distributable amount of $36K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Paxton Family Trust's only listed officer is Citizens First National Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2026 filing
Citizens First National Bank
Trustee
On filings since 2021
1 hr/week
$4K (2021) → $6K (2026)
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $6K, to Citizens First National Bank (Trustee).
Frequently asked questions about Paxton Family Trust
How much does Paxton Family Trust give each year?
Paxton Family Trust gave $32K across 3 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $31K across 3 grants.
What is Paxton Family Trust's typical grant size?
Paxton Family Trust's median grant in 2026 was $13,000, and its average grant was $10,727, across 3 grants on its 2026 IRS Form 990-PF.
Where does Paxton Family Trust give grants?
Paxton Family Trust gives mostly in Iowa: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Storm Lake, IA (3 grants).
Does Paxton Family Trust give general operating support?
Not in 2026: none of the 3 grants with a stated purpose on Paxton Family Trust's 2026 IRS Form 990-PF were described as general or operating support.
How large is Paxton Family Trust?
Paxton Family Trust reported $515K in total assets on its 2026 IRS Form 990-PF. It paid out $33K in qualifying distributions that year, against a required minimum of $36K (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 Paxton Family Trust?
Paxton Family Trust is a private foundation focused on Environment & Animals, based in Storm Lake, IA. It holds $515K in total assets as of 2026.
What is Paxton Family Trust's EIN?
Paxton Family Trust's EIN (Employer Identification Number) is 42-6567814. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 19, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 6, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 24, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 5, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS July 30, 2025)
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 19, 2026)
- IRS filings on file for fiscal years 2021–2025
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