Jepsen Educational Trust
Historical FunderStorm Lake, Iowa · EIN 42-6507732 · Private foundation
Grants paid (2025)$4,000
Organizations funded0
Typical grantUnknown
Total assets$110K
From the return
How to apply
The foundation filed the following application information (Form 990-PF Part XV, tax year 2025):
| Contact | CITIZENS FIRST NATIONAL BANK |
|---|---|
| Address | PO BOX 1227, STORM LAKE IA 50588 |
| Phone | 7127325440 |
| Form and materials | 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. |
Copied as filed. Deadlines on a tax return describe the foundation's usual process; they are not confirmation of a current open cycle.
Grants paid in tax year 2025
No grants to organizations were itemized on this return.
The return also lists 4 grants to individuals ($4,000). We do not publish the names of individual recipients.
Giving by year
| Tax year | Grants paid | Grant lines |
|---|---|---|
| 2025 | $4,000 | 4 |
| 2024 | $4,000 | 4 |
| 2023 | $3,960 | 6 |
Sources
- IRS Form 990-PF, tax year 2025, filed Jul 31, 2026 - IRS e-file batch, object ID 202622129349100007
- IRS Tax Exempt Organization Search for EIN 42-6507732
- Profile updated Nov 7, 2026
Facts on this page come from the foundation's own IRS Form 990-PF filings as published by the IRS. Grantvello does not know whether a foundation is accepting proposals right now: a past grant is not an open opportunity. Always confirm current guidelines with the funder before applying.