Russell Dunn Memorial Trust
Russell Dunn Memorial Trust is a private foundation, based in Waterloo, IA. IRS filing data is available from 2019 through 2023. In 2023, it awarded 7 grants totaling $11K. Net investment income was $1K.
Russell Dunn Memorial Trust at a glance
In short: Russell Dunn Memorial Trust gave $11K across 7 grants in 2023 (avg $2K), mostly in Iowa. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $11,265
- +1265.5% vs 2022
- Grants made (2023)
- 7
- +133.3% vs 2022
- Average grant
- $1,609
- +485.2% vs 2022
- Median grant
- $100
- Primary geography
- Iowa (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Russell Dunn Memorial Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was University of Iowa Foundation ($11K).
Organizations only. It also paid 6 individual scholarships ($678), which are not listed by name.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 7 itemized grants.
States
Cities
How Russell Dunn Memorial Trust gives
- Giving grew 1402% from 2020 to 2023. Method
- In 2023 it paid out well above 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 2023, annual grant giving ranged from $750 (2020) to $11K (2023). In 2023 it made 7 grants totaling $11K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Iowa Foundation Iowa City, IA | Charitable Contribution Upon Termination | $10,587 |
| 6 individual scholarships Recipients not named | — | $678 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $1,430 | $14,979 | $11,265 | 7 | $11,265 | $1,427 | $351 |
| 2022 | $13,547 | $1,376 | $1,309 | $825 | 3 | $825 | $1,376 | $682 |
| 2021 | $13,089 | $454 | $1,262 | $775 | 2 | $775 | $454 | $649 |
| 2020 | $13,897 | $672 | $1,218 | $750 | 2 | — | $672 | $684 |
| 2019 | $14,444 | $720 | $1,508 | $1,045 | 6 | — | $720 | $773 |
Under IRS private-foundation payout rules, Russell Dunn Memorial Trust reported a distributable amount of $351 for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Russell Dunn Memorial Trust's only listed officer is Lincoln Savings Bank, Trustee on every filing since 2019 (uncompensated).
Officers on the 2023 filing
Lincoln Savings Bank
Trustee
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Russell Dunn Memorial Trust
How much does Russell Dunn Memorial Trust give each year?
Russell Dunn Memorial Trust gave $11K across 7 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $825 across 3 grants.
What is Russell Dunn Memorial Trust's typical grant size?
Russell Dunn Memorial Trust's median grant in 2023 was $100, and its average grant was $1,609, across 7 grants on its 2023 IRS Form 990-PF.
Where does Russell Dunn Memorial Trust give grants?
Russell Dunn Memorial Trust gives mostly in Iowa: 100% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there.
How much is Russell Dunn Memorial Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Russell Dunn Memorial Trust reported a distributable amount of $351 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Russell Dunn Memorial Trust's EIN?
Russell Dunn Memorial Trust's EIN (Employer Identification Number) is 42-6325769. IRS Form 990 filing data is available on this page for 2019–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 17, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- IRS filings on file for fiscal years 2019–2023
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