Sheets George Scholarship Trust
Sheets George Scholarship Trust is a private foundation focused on Education, based in Eagan, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $35K in total assets. In 2025, it awarded 2 grants totaling $17K. Net investment income was $26K.
Sheets George Scholarship Trust at a glance
In short: Sheets George Scholarship Trust gave $17K across 2 grants in 2025 (avg $9K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $17,128
- +34.8% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $8,564
- +34.8% vs 2024
- Median grant
- $8,564
- Total assets
- $35,494
- +7.8% vs 2024
- Primary geography
- Minnesota (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 Sheets George Scholarship Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was University of Alaska ($9K). Together the top 2 received $17K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 9 grants of 9 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Sheets George Scholarship Trust gives
- Giving fell 53% from 2022 to 2025. Method
- In 2025 it paid out 89% 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 $5K (2021) to $36K (2022). In 2025 it made 2 grants totaling $17K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Alaska Eagan, MN | Scholarship | $8,564 |
| University of Iowa Eagan, MN | Scholarhip | $8,564 |
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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 | $35,494 | $33,497 | $30,915 | $17,128 | 2 | $23,000 | $25,540 | $25,933 |
| 2024 | $32,911 | $18,352 | $25,367 | $12,702 | 2 | $18,354 | $11,750 | $22,781 |
| 2023 | $39,924 | $41,979 | $42,661 | $25,566 | 2 | $35,010 | $35,324 | $22,146 |
| 2022 | $40,603 | $49,704 | $55,270 | $36,362 | 2 | $42,242 | $40,940 | $27,153 |
| 2021 | $46,169 | $15,575 | $15,698 | $5,472 | 1 | $7,828 | $7,875 | $26,594 |
| 2020 | $40,837 | $22,127 | $33,375 | $22,122 | 2 | — | $14,823 | $25,511 |
Under IRS private-foundation payout rules, Sheets George Scholarship Trust reported a distributable amount of $26K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Sheets George Scholarship Trust's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
David W. Kennedy
Co-Trustee
On filings since 2020
1 hr/week
$1K (2020) → $2K (2025)
US Bank N A
Trustee
On filings since 2020
1 hr/week
$8K (2020) → $8K (2025)
Former officers (1)
- Former: US Bank NA (2023) — 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 $8K, to US Bank N a (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Sheets George Scholarship Trust
How much does Sheets George Scholarship Trust give each year?
Sheets George Scholarship Trust gave $17K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $13K across 2 grants.
How large is Sheets George Scholarship Trust?
Sheets George Scholarship Trust reported $35K in total assets on its 2025 IRS Form 990-PF. It paid out $23K in qualifying distributions that year, against a required minimum of $26K (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 Sheets George Scholarship Trust?
Sheets George Scholarship Trust is a private foundation focused on Education, based in Eagan, MN. It holds $35K in total assets as of 2025.
Where does Sheets George Scholarship Trust operate?
Sheets George Scholarship Trust has awarded grants in Alaska, Iowa, Minnesota.
What is Sheets George Scholarship Trust's EIN?
Sheets George Scholarship Trust's EIN (Employer Identification Number) is 42-6275922. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 10, 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 May 5, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- IRS filings on file for fiscal years 2020–2024
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