Truman and Lorraine Julseth Scholarship
Truman and Lorraine Julseth Scholarship is a private foundation, based in Northwood, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $163K in total assets. In 2025, it awarded 3 grants totaling $7K. Net investment income was $8K.
Truman and Lorraine Julseth Scholarship at a glance
In short: Truman and Lorraine Julseth Scholarship gave $7K across 3 grants in 2025 (avg $2K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $7,000
- +0.0% vs 2024
- Grants made (2025)
- 3
- +50.0% vs 2024
- Average grant
- $2,333
- -33.3% vs 2024
- Median grant
- $2,500
- Total assets
- $162,587
- +9.5% vs 2024
- Primary geography
- Iowa (64% 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 Truman and Lorraine Julseth Scholarship funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Worth County Extension ($2K).
Organizations only. It also paid 2 individual scholarships ($5,000), which are not listed by name.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Truman and Lorraine Julseth Scholarship gives
- Giving held roughly steady from 2022 to 2025 (−12%). Method
- In 2024 it paid out 60% 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 2019 to 2025, annual grant giving ranged from $4K (2019) to $8K (2022). In 2025 it made 3 grants totaling $7K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 2 individual scholarships Recipients not named | — | $5,000 |
| Worth County Extension Northwood, IA | 4-H Scholarships | $2,000 |
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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 | $162,587 | $8,615 | $8,093 | $7,000 | 3 | $8,093 | $7,522 | — |
| 2024 | $148,518 | $8,434 | $8,146 | $7,000 | 2 | $7,000 | $8,319 | $11,699 |
| 2023 | $4,296 | $5,973 | $8,987 | $7,500 | Total only | $7,500 | $4,486 | $7,219 |
| 2022 | $156,763 | $-3,704 | $10,031 | $8,000 | 2 | $8,000 | $5,122 | $8,046 |
| 2021 | $188,742 | $37,042 | $6,893 | $6,000 | 1 | $6,000 | $36,242 | $6,000 |
| 2020 | $189,205 | $7,598 | $8,508 | $8,000 | 1 | — | $6,724 | $8,397 |
| 2019 | $175,831 | $6,709 | $5,414 | $4,000 | 2 | — | $5,401 | $8,162 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Leadership & Key People
Officers and directors from IRS filings
Truman and Lorraine Julseth Scholarship is led by John A. Julseth, President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
John A. Julseth
President
On filings since 2019
0.1 hrs/week
No compensation reported
Andy Julseth
Secretary Treasurer
Trustee → Secretary Treasurer, 2025
On filings since 2019
0.1 hrs/week
No compensation reported
Joan Dierenfeld
Vice President
Trustee → Vice President, 2025
On filings since 2019
0.1 hrs/week
No compensation reported
Former officers (1)
- Former: John H Greve (2019–2024) — Secretary & Treasurer
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.
Frequently asked questions about Truman and Lorraine Julseth Scholarship
How much does Truman and Lorraine Julseth Scholarship give each year?
Truman and Lorraine Julseth Scholarship gave $7K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $7K across 2 grants.
What is Truman and Lorraine Julseth Scholarship's typical grant size?
Truman and Lorraine Julseth Scholarship's median grant in 2025 was $2,500, and its average grant was $2,333, across 3 grants on its 2025 IRS Form 990-PF.
Where does Truman and Lorraine Julseth Scholarship give grants?
Truman and Lorraine Julseth Scholarship gives mostly in Iowa: 64% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Minnesota (36%).
Does Truman and Lorraine Julseth Scholarship give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Truman and Lorraine Julseth Scholarship's 2025 IRS Form 990-PF were described as general or operating support.
How large is Truman and Lorraine Julseth Scholarship?
Truman and Lorraine Julseth Scholarship reported $163K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $9K.
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 2019–2025.
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 2024 (received by the IRS May 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 5, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 30, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
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