Clifford H and Dorothy E Holmquist Trust
Clifford H and Dorothy E Holmquist Trust is a private foundation, based in Geneseo, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $325K in total assets. In 2025, it awarded 1 grant totaling $10K. Net investment income was $13K.
Clifford H and Dorothy E Holmquist Trust at a glance
In short: Clifford H and Dorothy E Holmquist Trust gave $10K across 1 grant in 2025 (avg $10K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $10,000
- -9.1% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $10,000
- -9.1% vs 2024
- Median grant
- $10,000
- Total assets
- $324,855
- +0.2% vs 2024
- Primary geography
- Illinois (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 Clifford H and Dorothy E Holmquist Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Zion Lutheran Church ($10K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Clifford H and Dorothy E Holmquist Trust gives
- Giving fell 23% from 2022 to 2025. Method
- In 2025 it paid out 85% 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 2019 to 2025, annual grant giving ranged from $8K (2019) to $13K (2022). In 2025 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Zion Lutheran Church Kewanee, IL | Charitable Contribution | $10,000 |
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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 | $324,855 | $16,005 | $15,416 | $10,000 | 1 | $12,695 | $13,309 | $15,012 |
| 2024 | $324,285 | $15,797 | $16,894 | $11,000 | 1 | $13,668 | $13,129 | $14,634 |
| 2023 | $325,343 | $19,377 | $16,248 | $11,000 | 1 | $14,809 | $18,103 | $14,066 |
| 2022 | $322,291 | $12,102 | $18,937 | $13,000 | 1 | $16,679 | $10,808 | $15,087 |
| 2021 | $329,118 | $43,736 | $17,063 | $11,569 | 1 | $15,382 | $42,308 | $16,683 |
| 2020 | $302,445 | $18,418 | $17,144 | $12,000 | 1 | — | $17,099 | $15,661 |
| 2019 | $301,171 | $10,783 | $12,475 | $7,500 | 1 | — | $9,495 | $15,223 |
Under IRS private-foundation payout rules, Clifford H and Dorothy E Holmquist Trust reported a distributable amount of $15K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Clifford H and Dorothy E Holmquist Trust's only listed officer is Central Bank Illinois, Tyler Mackey & Trust Officer since 2024 (on filings since 2019) (compensated).
Officers on the 2025 filing
Central Bank Illinois
Tyler Mackey & Trust Officer
Mike Kelly & Trust Officer → Tyler Mackey & Trust Officer, 2024
On filings since 2019
0.3 hrs/week
$3K (2019) → $3K (2025)
Data from IRS Form 990 filings, 2019–2025. "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 Central Bank Illinois (Tyler Mackey, Trust Officer).
Frequently asked questions about Clifford H and Dorothy E Holmquist Trust
How much does Clifford H and Dorothy E Holmquist Trust give each year?
Clifford H and Dorothy E Holmquist Trust gave $10K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 1 grant.
How large is Clifford H and Dorothy E Holmquist Trust?
Clifford H and Dorothy E Holmquist Trust reported $325K in total assets on its 2025 IRS Form 990-PF. It paid out $13K in qualifying distributions that year, against a required minimum of $15K (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.
Where does Clifford H and Dorothy E Holmquist Trust operate?
Clifford H and Dorothy E Holmquist Trust has awarded grants in Illinois.
What is Clifford H and Dorothy E Holmquist Trust's EIN?
Clifford H and Dorothy E Holmquist Trust's EIN (Employer Identification Number) is 36-7168268. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 18, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 26, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 5, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 28, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Clifford H and Dorothy E Holmquist Trust funds
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Assets
—
Grants
1
Total Given
$13K
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