Sheridan-setterberg Memorial Trust
Sheridan-setterberg Memorial Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BURLINGTON, IA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $157K in total assets. In 2024, it awarded 3 grants totaling $7K. Net investment income was $9K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$157K
+2.0% YoY
Annual Giving
$7K
+44.2% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$2K
+44.2% YoY
Under IRS private-foundation payout rules, Sheridan-setterberg Memorial Trust reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About Sheridan-setterberg Memorial Trust
Based on IRS filings
Sheridan-setterberg Memorial Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BURLINGTON, IA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $157K in total assets. In 2024, it awarded 3 grants totaling $7K. Net investment income was $9K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $157,053 | $154,029 | $159,646 |
| Revenue | $13,002 | $2,000 | $8,702 |
| Expenses | $9,978 | $7,617 | $8,952 |
| Qualifying Distributions | $8,564 | $6,726 | $7,371 |
| Net Investment Income | $8,868 | $3,178 | $7,431 |
| Distributable Amount | $8,391 | $7,512 | $7,888 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Taryn Stephens ($3,755), Seena Nowroozi ($1,878), Annabel Johnson ($1,562).
| Recipient | Purpose | Amount |
|---|---|---|
| ANNABEL JOHNSON BURLINGTON, IA | TUITION | $1,562 |
| SEENA NOWROOZI BURLINGTON, IA | TUITION | $1,878 |
| TARYN STEPHENS BURLINGTON, IA | TUITION | $3,755 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FARMERS MERCHANT BANK TRUST | TRUSTEE | 1 | $2,064 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Sheridan-setterberg Memorial Trust?
Sheridan-setterberg Memorial Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BURLINGTON, IA. It holds $157K in total assets as of 2024.
How large is Sheridan-setterberg Memorial Trust?
As of 2024, Sheridan-setterberg Memorial Trust holds $157K in total assets with $13K in annual revenue. It awarded 3 grants totaling $7K in 2024.
Where does Sheridan-setterberg Memorial Trust operate?
Sheridan-setterberg Memorial Trust has awarded grants in Iowa.
What size grants does Sheridan-setterberg Memorial Trust award?
In 2024, Sheridan-setterberg Memorial Trust awarded 3 grants totaling $7K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Sheridan-setterberg Memorial Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sheridan-setterberg Memorial Trust reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sheridan-setterberg Memorial Trust's EIN?
Sheridan-setterberg Memorial Trust's EIN (Employer Identification Number) is 27-6232820. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.