Peter Nelson Charitable Foundation
Peter Nelson Charitable Foundation is a private foundation focused on Education, based in Rapid City, SD. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $468K in total assets. In 2025, it made $18K in qualifying distributions. Net investment income was $20K.
Peter Nelson Charitable Foundation at a glance
- Total assets
- $468,029
- +0.2% vs 2024
- Revenue (2025)
- $25,848
- -20.1% vs 2024
- Qualifying distributions (2025)
- $17,786
- -37.4% vs 2024
- Expenses (2025)
- $23,746
- -35.9% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Peter Nelson Charitable Foundation funds
How this funder distributes its grants
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 16 grants of 16 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Peter Nelson Charitable Foundation gives
- Giving held roughly steady from 2021 to 2024 (+8%). Method
- In 2025 it paid out 58% 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 2019 to 2024, annual grant giving ranged from $20K (2019) to $27K (2023). In 2024 it made 4 grants totaling $24K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Montana FFA Foundation Bozeman, MT | General Operating | $9,250 |
| Montana State Univ Custer County Miles City, MT | General Operating | $5,000 |
| Cascade High School Cascade, IA | General Operating | $5,000 |
| Helena College University of Montan Helena, MT | General Operating | $5,000 |
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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 | $468,029 | $25,848 | $23,746 | — | — | $17,786 | $19,870 | $30,900 |
| 2024 | $466,929 | $32,340 | $37,065 | $24,250 | 4 | $28,427 | $23,702 | $29,813 |
| 2023 | $471,668 | $33,105 | $39,026 | $27,499 | 4 | $31,362 | $25,047 | $28,249 |
| 2022 | $477,605 | $15,289 | $37,741 | $25,068 | 4 | $29,148 | $8,479 | $31,410 |
| 2021 | $499,756 | $53,511 | $35,572 | $22,400 | 4 | — | $45,438 | $31,766 |
| 2020 | $481,955 | $41,946 | $30,390 | $19,500 | 3 | — | $34,479 | $27,219 |
| 2019 | $470,500 | $26,380 | $31,801 | $19,500 | 4 | — | $19,351 | $31,960 |
Under IRS private-foundation payout rules, Peter Nelson Charitable Foundation reported a distributable amount of $31K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Peter Nelson Charitable Foundation's only listed officer is First Trust Company LLC, Trustee on the 2025 filing (compensated).
Officers on the 2025 filing
First Trust Company LLC
Trustee
New on the 2025 filing
1 hr/week
$8K (2025)
Former officers (2)
- Former: Wells Fargo Bank NA (2019–2024) — Trustee
- Former: Wells Fargo Bank N A (2020–2023) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 $8K, to First Trust Company LLC (Trustee).
Frequently asked questions about Peter Nelson Charitable Foundation
How large is Peter Nelson Charitable Foundation?
Peter Nelson Charitable Foundation reported $468K in total assets on its 2025 IRS Form 990-PF. It paid out $18K in qualifying distributions that year, against a required minimum of $31K (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 Peter Nelson Charitable Foundation?
Peter Nelson Charitable Foundation is a private foundation focused on Education, based in Rapid City, SD. It holds $468K in total assets as of 2025.
Where does Peter Nelson Charitable Foundation operate?
Peter Nelson Charitable Foundation has awarded grants in Iowa, Missouri, Montana.
What is Peter Nelson Charitable Foundation's EIN?
Peter Nelson Charitable Foundation's EIN (Employer Identification Number) is 81-6010230. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS January 9, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 1, 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 February 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 10, 2026)
- IRS filings on file for fiscal years 2019–2025
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