Albert & Vera Clement Charitable Trust
Albert & Vera Clement Charitable Trust is a private foundation, based in Altoona, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.9M in total assets. In 2025, it awarded 9 grants totaling $80K.
Albert & Vera Clement Charitable Trust at a glance
In short: Albert & Vera Clement Charitable Trust gave $80K across 9 grants in 2025 (avg $9K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $80,200
- -10.0% vs 2024
- Grants made (2025)
- 9
- +0.0% vs 2024
- Average grant
- $8,911
- -10.0% vs 2024
- Median grant
- $7,500
- Total assets
- $1,881,471
- -4.4% 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 Albert & Vera Clement Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Mingo Comm Senior Citizens ($16K). Together the top 9 received $80K.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 44 grants of 45 (98%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
States
Cities
How Albert & Vera Clement Charitable Trust gives
- Giving fell 49% from 2022 to 2025. Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2025, annual grant giving ranged from $69K (2020) to $156K (2022). In 2025 it made 9 grants totaling $80K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mingo Comm Senior Citizens Mingo, IA | Support Senior Citizens | $16,000 |
| Mitchellville Comm Senior Center Mitchellville, IA | Support Senior Citizens | $16,000 |
| Runnells Community Center Runnells, IA | Support Senior Citizens | $15,000 |
| The Gathering Place Monroe, IA | Support Senior Citizens | $10,000 |
| Graham Cemetary Des Moines, IA | Support Senior Citizens | $7,500 |
| Bondurant Legion Senior Center Bondurant, IA | Support Senior Citizens | $5,000 |
| Mingo Library Mingo, IA | Support Senior Citizens | $4,600 |
| Colfax Senior Citizens Community Center Colfax, IA | Support Senior Citizens | $3,500 |
| Baxter Community Center Baxter, IA | Support Senior Citizens | $2,600 |
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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 | $1,881,471 | $25,136 | $116,871 | $80,200 | 9 | $91,243 | — | $96,626 |
| 2024 | $1,968,472 | $44,674 | $120,825 | $89,081 | 9 | $99,353 | $23,599 | $99,737 |
| 2023 | $2,036,905 | $46,516 | $113,745 | $85,869 | 10 | $94,249 | $26,738 | $101,894 |
| 2022 | $2,096,006 | $39,590 | $185,691 | $156,264 | 7 | $156,264 | $12,696 | $115,122 |
| 2021 | $2,235,644 | $141,517 | $149,973 | $98,148 | 10 | — | $90,147 | $85,286 |
| 2020 | $2,023,561 | $46,280 | $93,331 | $69,350 | 12 | — | $22,742 | $100,364 |
Under IRS private-foundation payout rules, Albert & Vera Clement Charitable Trust reported a distributable amount of $97K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Albert & Vera Clement Charitable Trust's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
Brad Skinner
Trustee
New on the 2025 filing
1 hr/week
$3K (2025)
Don Timmins
Trustee
New on the 2025 filing
1 hr/week
$3K (2025)
Former officers (1)
- Former: Brad Skinner Don Timmins (2020–2024) — Trustee
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $3K, to Brad Skinner (Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Albert & Vera Clement Charitable Trust
How much does Albert & Vera Clement Charitable Trust give each year?
Albert & Vera Clement Charitable Trust gave $80K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $89K across 9 grants.
What is Albert & Vera Clement Charitable Trust's typical grant size?
Albert & Vera Clement Charitable Trust's median grant in 2025 was $7,500, and its average grant was $8,911, across 9 grants on its 2025 IRS Form 990-PF.
Where does Albert & Vera Clement Charitable Trust give grants?
Albert & Vera Clement Charitable Trust gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Mingo, IA (2 grants).
Does Albert & Vera Clement Charitable Trust give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on Albert & Vera Clement Charitable Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support Senior Citizens" (9 grants).
Who are Albert & Vera Clement Charitable Trust's largest grantees?
Albert & Vera Clement Charitable Trust's largest 2025 grantees include Mingo Comm Senior Citizens ($16,000), Mitchellville Comm Senior Center ($16,000) and Runnells Community Center ($15,000), according to its 2025 IRS Form 990-PF. Together they received 59% of its itemized 2025 grant dollars.
How large is Albert & Vera Clement Charitable Trust?
Albert & Vera Clement Charitable Trust reported $1.9M in total assets on its 2025 IRS Form 990-PF. It paid out $91K in qualifying distributions that year, against a required minimum of $97K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Albert & Vera Clement Charitable Trust's EIN?
Albert & Vera Clement Charitable Trust's EIN (Employer Identification Number) is 42-1214336. 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 September 27, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 27, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 30, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 18, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2020–2024
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