Truman and Lorraine Julseth Scholarship
Truman and Lorraine Julseth Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTHWOOD, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $149K in total assets. In 2024, it awarded 2 grants totaling $7K. Net investment income was $8K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$149K
+3357.1% YoY
Annual Giving
$7K
Grant Count
2
Avg Grant Size
$4K
Under IRS private-foundation payout rules, Truman and Lorraine Julseth Scholarship reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
About Truman and Lorraine Julseth Scholarship
Based on IRS filings
Truman and Lorraine Julseth Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTHWOOD, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $149K in total assets. In 2024, it awarded 2 grants totaling $7K. Net investment income was $8K.
Focus Areas
Ready to take the next step with Truman and Lorraine Julseth Scholarship?
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 | $148,518 | $4,296 | $156,763 |
| Revenue | $8,434 | $5,973 | $-3,704 |
| Expenses | $8,146 | $8,987 | $10,031 |
| Qualifying Distributions | $7,000 | $7,500 | $8,000 |
| Net Investment Income | $8,319 | $4,486 | $5,122 |
| Distributable Amount | $11,699 | $7,219 | $8,046 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Scholarships to N-k Students ($5,000), Worth County Extension ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SCHOLARSHIPS TO N-K STUDENTS NORTHWOOD, IA | SCHOLARSHIPS | $5,000 |
| WORTH COUNTY EXTENSION NORTHWOOD, IA | 4-H EDUCATIONAL GRANT | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| John Julseth | President | 1 | — |
| Joan Dierenfeld | Trustee | 1 | — |
| Andy Julseth | Trustee | 1 | — |
| John H Greve | Sec/Treasurer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Truman and Lorraine Julseth Scholarship?
Truman and Lorraine Julseth Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTHWOOD, IA. It holds $149K in total assets as of 2024.
How large is Truman and Lorraine Julseth Scholarship?
As of 2024, Truman and Lorraine Julseth Scholarship holds $149K in total assets with $8K in annual revenue. It awarded 2 grants totaling $7K in 2024.
Where does Truman and Lorraine Julseth Scholarship operate?
Truman and Lorraine Julseth Scholarship has awarded grants in Iowa.
What size grants does Truman and Lorraine Julseth Scholarship award?
In 2024, Truman and Lorraine Julseth Scholarship awarded 2 grants totaling $7K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Truman and Lorraine Julseth Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Truman and Lorraine Julseth Scholarship reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Truman and Lorraine Julseth Scholarship's EIN?
Truman and Lorraine Julseth Scholarship's EIN (Employer Identification Number) is 20-5124220. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Truman and Lorraine Julseth Scholarship's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Community Fdn of Greater Des Moines
DES MOINES, IA
Assets
$918.7M
Grants
1,259
Total Given
$55.7M
Pella Rolscreen Foundation
PELLA, IA
Assets
$22.4M
Grants
433
Total Given
$1.9M
Prairie Meadows Race Track and Casino
ALTOONA, IA
Assets
$327.6M
Grants
409
Total Given
$33.0M
Iowa Health Care Association Foundation
WEST DES MOINES, IA
Assets
$321K
Grants
287
Total Given
$4.1M
Quad Cities Community Foundation
BETTENDORF, IA
Assets
$209.7M
Grants
263
Total Given
$7.5M
Dupaco RW Hoefer Foundation
DUBUQUE, IA
Assets
—
Grants
252
Total Given
$558K
New Charitable Foundation
FORT DODGE, IA
Assets
—
Grants
230
Total Given
$246K
Ottumwa Regional Legacy Foundation Inc
OTTUMWA, IA
Assets
—
Grants
216
Total Given
$3.1M
Community Foundation of Greater Dubuque
DUBUQUE, IA
Assets
$165.4M
Grants
211
Total Given
$8.0M
Greater Cedar Rapids Community
CEDAR RAPIDS, IA
Assets
$229.3M
Grants
209
Total Given
$9.4M
The Seidler Foundation
DES MOINES, IA
Assets
—
Grants
175
Total Given
$4.1M
Rsm Us Foundation
DAVENPORT, IA
Assets
$17.5M
Grants
165
Total Given
$5.5M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Truman and Lorraine Julseth Scholarship on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Truman and Lorraine Julseth Scholarship to a real strategy.