Professor I Frank Neff Trust
Professor I Frank Neff Trust is a private foundation, based in Dallas, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $778K in total assets. In 2025, it awarded 1 grant totaling $65K. Net investment income was $89K.
Professor I Frank Neff Trust at a glance
In short: Professor I Frank Neff Trust gave $65K across 1 grant in 2025 (avg $65K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $65,436
- +22.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $65,436
- +22.4% vs 2024
- Median grant
- $65,436
- Total assets
- $777,707
- +2.1% vs 2024
- Primary geography
- Iowa (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 Professor I Frank Neff Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Drake University ($65K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 3 grants of 5 (60%).
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 Professor I Frank Neff Trust gives
- Giving fell 81% from 2022 to 2025. Method
- In 2025 it paid out 155% 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 2019 to 2025, annual grant giving ranged from $35K (2023) to $344K (2022). In 2025 it made 1 grant totaling $65K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Drake University Des Moines, IA | Unrestricted General | $65,436 |
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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 | $777,707 | $98,720 | $82,760 | $65,436 | 1 | $71,268 | $88,666 | $45,917 |
| 2024 | $761,695 | $79,928 | $69,035 | $53,466 | 1 | $59,106 | $69,424 | $44,426 |
| 2023 | $751,608 | $24,738 | $49,129 | $35,127 | 1 | $40,301 | $12,518 | $41,274 |
| 2022 | $776,192 | $-34,369 | $368,254 | $343,576 | 1 | $350,661 | $8,859 | $55,507 |
| 2021 | $1,178,665 | $254,596 | $76,594 | $53,394 | 1 | $61,566 | $239,429 | $65,124 |
| 2020 | $999,319 | $88,332 | $73,286 | $53,649 | 1 | — | $76,810 | $55,694 |
| 2019 | $984,426 | $66,109 | $60,777 | $42,683 | 1 | — | $58,109 | $54,227 |
Under IRS private-foundation payout rules, Professor I Frank Neff Trust 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
Professor I Frank Neff Trust's only listed officer is Bank Of America, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2019
1 hr/week
$15K (2019) → $13K (2025)
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 $13K, to Bank of America (Trustee).
Frequently asked questions about Professor I Frank Neff Trust
How much does Professor I Frank Neff Trust give each year?
Professor I Frank Neff Trust gave $65K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $53K across 1 grant.
How large is Professor I Frank Neff Trust?
Professor I Frank Neff Trust reported $778K in total assets on its 2025 IRS Form 990-PF. It paid out $71K in qualifying distributions that year, against a required minimum of $46K (roughly 5% of its investment assets).
Where does Professor I Frank Neff Trust operate?
Professor I Frank Neff Trust has awarded grants in Iowa.
What is Professor I Frank Neff Trust's EIN?
Professor I Frank Neff Trust's EIN (Employer Identification Number) is 42-6395125. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 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 March 26, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 31, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 22, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 27, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2019–2025
Live grants for the work Professor I Frank Neff Trust funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Professor I Frank Neff Trust's focus areas in our free grants database
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