Albers Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SPIRIT LAKE, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $108K in total assets. In 2024, it awarded 7 grants totaling $10K. Net investment income was $523.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$108K
+28.2% YoY
Annual Giving
$10K
-13.1% YoY
Grant Count
7
+40.0% YoY
Avg Grant Size
$1K
-37.9% YoY
Under IRS private-foundation payout rules, Albers Family Foundation reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
About Albers Family Foundation
Based on IRS filings
Albers Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SPIRIT LAKE, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $108K in total assets. In 2024, it awarded 7 grants totaling $10K. Net investment income was $523.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $107,567 | $83,899 | $74,575 |
| Revenue | $31,723 | $22,834 | $28,411 |
| Expenses | $10,055 | $11,455 | $14,870 |
| Qualifying Distributions | $9,650 | $11,100 | $13,700 |
| Net Investment Income | $523 | $334 | $43 |
| Distributable Amount | $4,520 | $3,707 | $2,630 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cbmc Heartland ($2,000), Abben Center Cancer Research ($2,000), Lutheran Church ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CBMC HEARTLAND OMAHA, NE | SUPPORT | $2,000 |
| ONE CHILD INC OMAHA, NE | SUPPORT | $1,000 |
| SAMARITAN FOUNDATION | SUPPORT | $650 |
| ABBEN CENTER CANCER RESEARCH SPENCER, IA | SUPPORT | $2,000 |
| LUTHERAN CHURCH BELLEVUE, NE | SUPPORT | $2,000 |
| OPEN DOOR MISSION OMAHA, NE | SUPPORT | $1,000 |
| SEVEN DOLORS CATHOLIC CHURCH MANHATTAN, KS | SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SHAWNA THILTGEN | DIRECTOR | — | — |
| MICHAEL J ALBERS | PRESIDENT | — | — |
| CHERIE L SCHNACK | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Albers Family Foundation?
Albers Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SPIRIT LAKE, IA. It holds $108K in total assets as of 2024.
How large is Albers Family Foundation?
As of 2024, Albers Family Foundation holds $108K in total assets with $32K in annual revenue. It awarded 7 grants totaling $10K in 2024.
Where does Albers Family Foundation operate?
Albers Family Foundation has awarded grants in Iowa, Kansas, Nebraska.
What size grants does Albers Family Foundation award?
In 2024, Albers Family Foundation awarded 7 grants totaling $10K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Albers Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Albers Family Foundation reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Albers Family Foundation's EIN?
Albers Family Foundation's EIN (Employer Identification Number) is 80-0019546. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Albers Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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