Abbott B and Joan M Lipsky Fund
The Abbott B and Joan M Lipsky Fund is a private foundation based in Cedar Rapids, Iowa. Its 2025 grants supported organizations including religious congregations, arts and cultural institutions, and community organizations.
Abbott B and Joan M Lipsky Fund at a glance
In short: Abbott B and Joan M Lipsky Fund gave $58K across 28 grants in 2025 (avg $2K), mostly in Utah. 18% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $58,477
- -0.9% vs 2024
- Grants made (2025)
- 28
- +3.7% vs 2024
- Average grant
- $2,088
- -4.5% vs 2024
- Median grant
- $1,000
- Total assets
- $601,875
- -2.9% vs 2024
- New grantees (estimate)
- 18% first-time grantees (5 of 28, 2025)
- Primary geography
- Utah (53% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Abbott B and Joan M Lipsky Fund
- Contact
Mailing address: 3150 E Avenue Nw Suite 101, Cedar Rapids, IA 52405
Phone: (319) 362-2181
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Abbott B and Joan M Lipsky Fund funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Congregation Kol Ami ($16K). Together the top 10 received $44K.
Grant Size Distribution
114 grants across all recorded years
The most common grant size was under $50K: 114 grants of 114 (100%).
Geographic Focus
Where this funder awards grants
In 2025, the largest shares of grant dollars went to recipients in Utah (53%) and Iowa (34%). Smaller reported shares went to Florida (4%), Washington (3%), and the District of Columbia (3%).
Grant Distribution by State
Share of 2025 grant dollars across all 28 itemized grants.
States
Cities
Is Abbott B and Joan M Lipsky Fund open to new grantees?
18%
first-time grantees, 2025
In 2025, 5 of 28 grantees (18%) were first-time recipients. First grants averaged $560; repeat grants $2K. How we count
Medians: $500 first-time, $2K repeat.
- 75% of 2025 grantees were also funded in 2024. Method
- Giving grew 33% from 2022 to 2025. Method
- In 2025 it paid out 119% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $37K (2021) to $59K (2024). In 2025 it made 28 grants totaling $58K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Congregation Kol Ami Salt Lake City, UT | General Operating Needs | $16,022 |
| Mercy Foundation Cedar Rapids, IA | General Operating Need | $6,200 |
| Utah Stands with Israel Salt Lake City, UT | General Operating Needs | $5,000 |
| Salt Lake City Rotary Foundation Kaysville, UT | General Operations | $3,250 |
| Utah Opera Symphony Salt Lake City, UT | General Operating Needs | $3,000 |
| Ballet West Salt Lake City, UT | Geral Operating Needs | $2,500 |
| I-Club Fund Iowa City, IA | General Operating Needs | $2,400 |
| Cedar Valley Humane Society Cedar Rapids, IA | General Operating Fund | $2,200 |
| Temple Judah Cedar Rapids, IA | General Operating Funds | $2,000 |
| Cedar Rapids Museum of Art Cedar Rapids, IA | General Operating Need | $1,500 |
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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 | $601,875 | $49,633 | $60,061 | $58,477 | 28 | $60,061 | $48,049 | $50,464 |
| 2024 | $619,853 | $54,615 | $61,716 | $59,025 | 27 | $61,715 | $33,930 | $49,646 |
| 2023 | $605,928 | $56,062 | $55,949 | $53,375 | 21 | $55,949 | $33,484 | $45,378 |
| 2022 | $611,290 | $32,287 | $46,689 | $44,100 | 19 | $44,100 | $30,409 | $44,490 |
| 2021 | $625,692 | $40,470 | $39,338 | $36,850 | 19 | $36,850 | $32,982 | $41,141 |
| 2020 | $616,337 | $41,135 | $41,211 | $38,730 | 19 | — | $28,654 | $41,555 |
| 2019 | $616,413 | $41,727 | $46,742 | $44,650 | 22 | — | $33,635 | $38,849 |
Under IRS private-foundation payout rules, Abbott B and Joan M Lipsky Fund reported a distributable amount of $50K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the fund is provided. Its 2025 grants show support for a range of organizations. For example, Ballet West says it inspires and empowers its community through ballet exposure, training, and education; the Cedar Rapids Museum of Art says its purpose is to excite, engage, and educate through the arts; and Cedar Valley Humane Society says it works to build healthy relationships between people and animals and to address animal cruelty, abuse, and overpopulation.
Grantmaking
In 2025, the fund made 28 grants totaling $58,477. Awards ranged from $100 to $16,022, with a median of $1,000. It made 27 grants totaling $59,025 in 2024 and 21 grants totaling $53,375 in 2023.
Among its largest 2025 grants were $16,022 to Congregation Kol Ami, $6,200 to Mercy Foundation, $5,000 to Utah Stands with Israel, and $3,250 to Salt Lake City Rotary Foundation. Other examples include $2,500 to Ballet West, $2,200 to Cedar Valley Humane Society, and $1,500 each to Cedar Rapids Museum of Art, Cedar Rapids Opera Theater, and Seattle Art Museum. The listed grant purposes are generally operating needs or operations.
The foundation states that it does not restrict giving to preselected organizations.
Leadership & Key People
Leadership team and compensation from IRS filings
Ann M Lipsky is listed as a trustee on the 2025 filing.
Abbott B and Joan M Lipsky Fund is led by Ann M. Lipsky, Trustee on every filing since 2019 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Ann M. Lipsky
Trustee
On filings since 2019
No compensation reported
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 Abbott B and Joan M Lipsky Fund
How much does Abbott B and Joan M Lipsky Fund give each year?
Abbott B and Joan M Lipsky Fund gave $58K across 28 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $59K across 27 grants.
What is Abbott B and Joan M Lipsky Fund's typical grant size?
Abbott B and Joan M Lipsky Fund's median grant in 2025 was $1,000, and its average grant was $2,088, across 28 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Abbott B and Joan M Lipsky Fund that year got $560 on average.
Where does Abbott B and Joan M Lipsky Fund give grants?
Abbott B and Joan M Lipsky Fund gives mostly in Utah: 53% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Iowa (34%). The most frequent recipient cities were Cedar Rapids, IA (9 grants), Salt Lake City, UT (6 grants), Iowa City, IA (2 grants) and Sarasota, FL (2 grants).
Does Abbott B and Joan M Lipsky Fund give general operating support?
Yes: 96% of Abbott B and Joan M Lipsky Fund's 2025 grants with a stated purpose (27 of 28) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Abbott B and Joan M Lipsky Fund's largest grantees?
Abbott B and Joan M Lipsky Fund's largest 2025 grantees include Congregation Kol Ami ($16,022), Mercy Foundation ($6,200) and Utah Stands with Israel ($5,000), according to its 2025 IRS Form 990-PF. Together they received 47% of its itemized 2025 grant dollars.
How large is Abbott B and Joan M Lipsky Fund?
Abbott B and Joan M Lipsky Fund reported $602K in total assets on its 2025 IRS Form 990-PF. It paid out $60K in qualifying distributions that year, against a required minimum of $50K (roughly 5% of its investment assets).
What does Abbott B and Joan M Lipsky Fund fund?
No mission statement for the fund is provided. Its 2025 grants show support for a range of organizations. See mission & focus areas ↑
How do I apply for a grant from Abbott B and Joan M Lipsky Fund?
Abbott B and Joan M Lipsky Fund has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Abbott B and Joan M Lipsky Fund's EIN?
Abbott B and Joan M Lipsky Fund's EIN (Employer Identification Number) is 42-6081470. 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. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 18, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 29, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS December 22, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2019–2024
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Cite this profile
Grantable. (2026). Abbott B and Joan M Lipsky Fund funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/abbott-b-and-joan-m-lipsky-fund-morg_4c201d5c0ccc4048a08cd6cc9069faca
BibTeX
@misc{grantable_426081470_2026,
author = {{Grantable}},
title = {{Abbott B and Joan M Lipsky Fund funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/abbott-b-and-joan-m-lipsky-fund-morg_4c201d5c0ccc4048a08cd6cc9069faca},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Abbott B and Joan M Lipsky Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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