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.
Key facts about Albert & Vera Clement Charitable Trust
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.
- EIN
- 42-1214336
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $80,200
- Grants made (2025)
- 9
- Average grant
- $8,911
- Median grant
- $7,500
- Total assets
- $1,881,471
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.9M
-4.4% YoY
Annual Giving
$80K
-10.0% YoY
Grant Count
9
+0.0% YoY
Avg Grant Size
$9K
-10.0% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 9 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
Grant Size Distribution
45 grants across all recorded years
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,881,471 | $1,968,472 | $2,036,905 |
| Revenue | $25,136 | $44,674 | $46,516 |
| Expenses | $116,871 | $120,825 | $113,745 |
| Qualifying Distributions | $91,243 | $99,353 | $94,249 |
| Net Investment Income | — | $23,599 | $26,738 |
| Distributable Amount | $96,626 | $99,737 | $101,894 |
Data update history
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)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2020–2024
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
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).
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.
Here's the math on researching Albert & Vera Clement Charitable Trust by hand.
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