Olive Rice Reierson Foundation
Accepts applications
Olive Rice Reierson Foundation is a private foundation in Rapid City, South Dakota. In tax year 2024 it gave $80,000 in 21 grants; the typical grant was $3,500 and the largest $21,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$80,000
- Number of grants21
- Typical grant$3,500
- Largest grant$21,000
- Assets$2.0 million
- New grantees0%
Giving in 2024 was up from $72,000 the year before.
0% of its 2024 grantees had not received a grant from it the year before, so most of its money goes to organizations it already funds.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $79,000 | 17 | $1.6 million |
| 2023 | $72,000 | 19 | $1.8 million |
| 2024 | $80,000 | 21 | $2.0 million |
How to apply
| Contact | First Trust Company LLC 1919 Hope Court, Rapid City, SD 57701 |
|---|---|
| Phone or email | (605) 791-0837, tdenhoed@firsttrustcompany.com |
| What to submit | Please see the attached application information |
| Deadlines | April 1st |
| Restrictions | -be a resident of powell county, Montana-be worthy and deserving high school seniors or graduates of high school in the area of powell county, Montana-exhibit pride in their personal appearance-exhibit an earnest desire to pursue their education to the point that they will enter the world of employment as productive citizens,willing then to lend a hand to others-be planning to attend full-time an accredited two-year or four-year college, university, technical college, trade or vocational school located in the united states.additional desired qualifications:-demonstration of financial need-demonstraction of academc achievement |
Foundation website IRS filings on ProPublica
What Olive Rice Reierson Foundation funds
Where it gives
Its grants went to recipients in 3 states, the most to Montana.
| State | Grants | Amount |
|---|---|---|
| Montana | 16 | $65,500 |
| Utah | 4 | $12,500 |
| Washington | 1 | $2,000 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Powell County Medical Foundation | General Support | $21,000 |
| Individual | Scholarship | $5,000 |
| Individual | Scholarship | $5,000 |
| Individual | Scholarship | $4,500 |
| Individual | Scholarship | $4,500 |
| Individual | Scholarship | $4,000 |
| Individual | Scholarship | $3,500 |
| Individual | Scholarship | $3,500 |
| Individual | Scholarship | $3,500 |
| Individual | Scholarship | $3,500 |
| Individual | Scholarship | $3,500 |
| Individual | Scholarship | $2,500 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $2,000 |
| Individual | Scholarship | $1,000 |
| Individual | Scholarship | $1,000 |
Officers and trustees
- First Trust Company LLC
Questions people ask
Does Olive Rice Reierson Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: April 1st.
How much does Olive Rice Reierson Foundation give?
$80,000 in tax year 2024, across 21 grants, with a typical grant of $3,500.
Who runs Olive Rice Reierson Foundation?
Its 2024 filing lists First Trust Company LLC (Trustee).
What does Olive Rice Reierson Foundation fund?
Based on its grants, mainly education.