Pittsroy & Thelma Schfound Trust
Pittsroy & Thelma Schfound Trust is a private foundation, based in Eagan, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.5M in total assets. In 2025, it awarded 1 grant totaling $72K. Net investment income was $108K.
Pittsroy & Thelma Schfound Trust at a glance
In short: Pittsroy & Thelma Schfound Trust gave $72K across 1 grant in 2025 (avg $72K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $72,451
- +2.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $72,451
- +2.6% vs 2024
- Median grant
- $72,451
- Total assets
- $1,469,257
- +1.9% vs 2024
- Primary geography
- California (100% 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 Pittsroy & Thelma Schfound Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Foundation of Santa Barbara ($72K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Pittsroy & Thelma Schfound Trust gives
- Giving held roughly steady from 2022 to 2025 (−2%). Method
- In 2025 it paid out 95% 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 2020 to 2025, annual grant giving ranged from $63K (2021) to $74K (2022). In 2025 it made 1 grant totaling $72K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Foundation of Santa Barbara Santa Barbara, CA | General Operating | $72,451 |
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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 | $1,469,257 | $126,595 | $98,745 | $72,451 | 1 | $79,018 | $107,881 | $83,315 |
| 2024 | $1,441,714 | $110,797 | $96,146 | $70,585 | 1 | $77,594 | $93,577 | $79,460 |
| 2023 | $1,427,052 | $90,450 | $89,887 | $67,718 | 1 | $71,255 | $70,073 | $74,122 |
| 2022 | $1,425,421 | $58,013 | $101,783 | $73,677 | 1 | $80,408 | $41,789 | $74,449 |
| 2021 | $1,470,084 | $207,699 | $87,913 | $63,274 | 1 | $70,451 | $189,878 | $80,854 |
| 2020 | $1,350,024 | $21,950 | $84,369 | $63,399 | 1 | — | $8,980 | $69,531 |
Under IRS private-foundation payout rules, Pittsroy & Thelma Schfound Trust reported a distributable amount of $83K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Pittsroy & Thelma Schfound Trust's only listed officer is US Bank N A, Trustee on every filing since 2024 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2024
1 hr/week
$22K (2024) → $23K (2025)
Former officers (2)
- Former: US Bank NA (2023) — Trustee
- Former: Mufg Union 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 $23K, to US Bank N a (Trustee).
Frequently asked questions about Pittsroy & Thelma Schfound Trust
How much does Pittsroy & Thelma Schfound Trust give each year?
Pittsroy & Thelma Schfound Trust gave $72K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $71K across 1 grant.
How large is Pittsroy & Thelma Schfound Trust?
Pittsroy & Thelma Schfound Trust reported $1.5M in total assets on its 2025 IRS Form 990-PF. It paid out $79K in qualifying distributions that year, against a required minimum of $83K (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.
Where does Pittsroy & Thelma Schfound Trust operate?
Pittsroy & Thelma Schfound Trust has awarded grants in California.
What is Pittsroy & Thelma Schfound Trust's EIN?
Pittsroy & Thelma Schfound Trust's EIN (Employer Identification Number) is 75-3008401. 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
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Pittsroy & Thelma Schfound Trust's focus areas in our free grants database
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