Ace and Connie Cory Foundation
Ace and Connie Cory Foundation is a private foundation, based in Spencer, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $56K in total assets. In 2025, it awarded 1 grant totaling $5K. Net investment income was $84.
Ace and Connie Cory Foundation at a glance
In short: Ace and Connie Cory Foundation gave $5K across 1 grant in 2025 (avg $5K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $5,000
- +0.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $5,000
- +0.0% vs 2024
- Median grant
- $5,000
- Total assets
- $55,564
- -8.1% vs 2024
- Primary geography
- Iowa (100% 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 Ace and Connie Cory Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Pearson Lakes Art Center ($5K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Ace and Connie Cory Foundation gives
- Giving fell 29% from 2022 to 2025. Method
- In 2025 it paid out 145% of its IRS minimum distribution (the 5% rule). 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 2022 to 2025, annual grant giving ranged from $5K (2024) to $10K (2023). In 2025 it made 1 grant totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Pearson Lakes Art Center Okoboji, IA | Support Area Performing Arts | $5,000 |
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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 | $55,564 | $84 | $5,001 | $5,000 | 1 | $5,000 | $84 | $3,437 |
| 2024 | $60,481 | $102 | $13,419 | $5,000 | 1 | $5,000 | $102 | $3,880 |
| 2023 | $73,798 | $67,230 | $10,114 | $10,000 | 2 | $10,000 | $67,230 | $1,132 |
| 2022 | $16,682 | $8,204 | $9,815 | $7,000 | 2 | $7,000 | $8,204 | $3,913 |
| 2021 | $18,293 | — | $1,905 | — | — | — | — | $3,981 |
| 2020 | $20,198 | $1 | $1,952 | — | — | — | $1 | $3,139 |
Under IRS private-foundation payout rules, Ace and Connie Cory Foundation reported a distributable amount of $3K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ace and Connie Cory Foundation is led by Gary Peters, Trustee on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Gary Peters
Trustee
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: Constance Cory (2020) — President
Data from IRS Form 990 filings, 2020–2025. "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 Ace and Connie Cory Foundation
How much does Ace and Connie Cory Foundation give each year?
Ace and Connie Cory Foundation gave $5K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5K across 1 grant.
How large is Ace and Connie Cory Foundation?
Ace and Connie Cory Foundation reported $56K in total assets on its 2025 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).
Where does Ace and Connie Cory Foundation operate?
Ace and Connie Cory Foundation has awarded grants in Iowa, Minnesota.
What is Ace and Connie Cory Foundation's EIN?
Ace and Connie Cory Foundation's EIN (Employer Identification Number) is 42-1481103. IRS Form 990 filing data is available on this page for 2020–2025.
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 2020 (received by the IRS April 26, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 5, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Ace and Connie Cory Foundation funds
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