Albert & Vera Clement Charitable Trust

Foundation · Grantmaker Altoona, IA EIN: 42-1214336

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

1state

Share of all 9 itemized 2025 grant dollars.

States

Cities

MingoMitchellvilleBaxterBondurantColfaxDes MoinesMonroeMaxwellRunnellsCollinsPrairie City

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K12 grants202010 grants20217 grants202210 grants20239 grants20249 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2025

Mingo Comm Senior Citizens: $16KMingo Comm Senior Citizens$16KMitchellville Comm Senior Center: $16KMitchellville Comm SeniorCenter$16KRunnells Community Center: $15KRunnells Community Center$15KThe Gathering Place: $10KThe Gathering Place$10KGraham Cemetary: $8KGraham Cemetary$8KBondurant Legion Senior Center: $5KBondurant Legion Senior Center$5KMingo Library: $5KMingo Library$5KColfax Senior Citizens Community Center: $4KColfax Senior CitizensCommunity Center$4KBaxter Community Center: $3KBaxter Community Center$3K

Grant Size Distribution

45 grants across all recorded years

44<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
MINGO COMM SENIOR CITIZENS Mingo, IASUPPORT SENIOR CITIZENS$16,000
MITCHELLVILLE COMM SENIOR CENTER Mitchellville, IASUPPORT SENIOR CITIZENS$16,000
RUNNELLS COMMUNITY CENTER Runnells, IASUPPORT SENIOR CITIZENS$15,000
THE GATHERING PLACE Monroe, IASUPPORT SENIOR CITIZENS$10,000
GRAHAM CEMETARY Des Moines, IASUPPORT SENIOR CITIZENS$7,500
BONDURANT LEGION SENIOR CENTER Bondurant, IASUPPORT SENIOR CITIZENS$5,000
MINGO LIBRARY Mingo, IASUPPORT SENIOR CITIZENS$4,600
COLFAX SENIOR CITIZENS COMMUNITY CENTER Colfax, IASUPPORT SENIOR CITIZENS$3,500
BAXTER COMMUNITY CENTER Baxter, IASUPPORT SENIOR CITIZENS$2,600

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K202020212022202320242025
Metric202520242023
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

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS September 27, 2022)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS September 27, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS June 30, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS July 18, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
  7. Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
  8. 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

Brad Skinner — Trustee: $3KBrad SkinnerTrustee$3KDon Timmins — Trustee: $3KDon TimminsTrustee$3K

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.

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