Jepsen Educational Trust
Accepts applications
Jepsen Educational Trust is a private foundation in Storm Lake, Iowa. In tax year 2025 it gave $4,000 in 4 grants; the typical grant was $1,000 and the largest $1,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$4,000
- Number of grants4
- Typical grant$1,000
- Largest grant$1,000
- Assets$110,223
Giving in 2025 was the same as $4,000 the year before.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $3,960 | 6 | $106,695 |
| 2024 | $4,000 | 4 | $107,584 |
| 2025 | $4,000 | 4 | $110,223 |
How to apply
Its grants go to individuals, not organizations. Every grant in its 2025 filing was paid to an individual (for example a scholarship or assistance with costs), so it is not a funding prospect for a nonprofit.
| Contact | Citizens First National Bank PO Box 1227, Storm Lake, IA 50588 |
|---|---|
| Phone or email | (712) 732-5440 |
| What to submit | Information regarding applications may be obtained from the trustee, citizens 1st national bank, storm lake, Iowa 50588. |
| Deadlines | Information regarding submission deadlines may be obtained from the trustee, citizens 1st national b |
| Restrictions | The jepsen educational trust makes available its annual net income to students graduating from the galva-holstein community school district or successor district, who submit application showing they are accepted and attending four-year accredited colleges within the united states. The trustee is directed to establish a committee of from three to five individuals from the school system and galva -holstein community. Such committee shall make decisions as to which applicants shall receive educational grants. The committee is directed to consider financial need and to make such grants to residents of the galva-holstein school district. Grants made by the trust are direct grants and are not to be repaid to the trust. |
What Jepsen Educational Trust funds
Where it gives
Its grants went to recipients in 2 states, the most to Iowa.
| State | Grants | Amount |
|---|---|---|
| Iowa | 3 | $3,000 |
| Nebraska | 1 | $1,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Individual | Education | $1,000 |
| Individual | Education | $1,000 |
| Individual | Education | $1,000 |
| Individual | Education | $1,000 |
Officers and trustees
- Citizens First National Bank
Questions people ask
Does Jepsen Educational Trust accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: Information regarding submission deadlines may be obtained from the trustee, citizens 1st national b.
How much does Jepsen Educational Trust give?
$4,000 in tax year 2025, across 4 grants, with a typical grant of $1,000.
Who runs Jepsen Educational Trust?
Its 2025 filing lists Citizens First National Bank (Trustee).
What does Jepsen Educational Trust fund?
Based on its grants, mainly education.