Conklin Family Scholarship Fund

Private foundation · Grantmaker Webster City, IA EIN: 42-1217707

Conklin Family Scholarship Fund is a private foundation, based in Webster City, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $144K in total assets. In 2025, it awarded 1 grant totaling $5K. Net investment income was $12K.

Conklin Family Scholarship Fund at a glance

In short: Conklin Family Scholarship Fund gave $5K across 1 grant in 2025 (avg $5K), mostly in Iowa. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$4,942
-43.5% vs 2024
Grants made (2025)
1
+0.0% vs 2024
Average grant
$4,942
-43.5% vs 2024
Median grant
$4,942
Total assets
$143,529
+5.2% 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 Conklin Family Scholarship Fund funds

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Webster City Community Schools: $5KWebster City Community Schools$5K

The largest 2025 recipient was Webster City Community Schools ($5K).

Grant Size Distribution

5 grants across all recorded years

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

The most common grant size was under $50K: 5 grants of 5 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Webster City

How Conklin Family Scholarship Fund gives

  • Giving fell 38% from 2022 to 2025. Method
  • In 2025 it paid out 67% 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

$0$2.5K$5K$7.5K$10K1 grant2019 1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $5K (2025) to $9K (2024). In 2025 it made 1 grant totaling $5K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Webster City Community Schools Webster City, IAEducational$4,942
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$143,529$14,722$7,565$4,9421$4,942$12,224$7,326
2024$136,403$10,964$10,726$8,7501$8,750$9,020$6,994
2023$135,992$4,111$9,396$7,4971$7,497$2,293$6,698
2022$138,979$8,082$10,394$8,0311$8,031$5,857$7,497
2021$147,530$11,989$9,527$7,4001$7,400$9,964$8,095
2020$137,522$9,169$8,593$6,7041—$7,344$7,377
2019$136,689$7,949$8,185$6,4001—$6,374$6,702

Under IRS private-foundation payout rules, Conklin Family Scholarship Fund reported a distributable amount of $7K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Conklin Family Scholarship Fund's 2025 filing lists 4 officers; 1 of 4 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • First State Bank

    Trustee

    On filings since 2019

    2 hrs/week

    $1K (2020) → $2K (2025)

  • Joyce Ostebee

    Presidentdir

    On filings since 2019

    1 hr/week

    No compensation reported

  • Tony Bussan

    Vice Presdir

    On filings since 2019

    1 hr/week

    No compensation reported

  • William Johnston

    Sectreasdir

    On filings since 2019

    2 hrs/week

    No compensation reported

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

First State Bank — Trustee: $2KFirst State BankTrustee$2K

The highest reported compensation on the 2025 filing was $2K, to First State Bank (Trustee).

Frequently asked questions about Conklin Family Scholarship Fund

How much does Conklin Family Scholarship Fund give each year?

Conklin Family Scholarship Fund gave $5K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $9K across 1 grant.

How large is Conklin Family Scholarship Fund?

Conklin Family Scholarship Fund reported $144K in total assets on its 2025 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $7K (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 Conklin Family Scholarship Fund operate?

Conklin Family Scholarship Fund has awarded grants in Iowa.

What is Conklin Family Scholarship Fund's EIN?

Conklin Family Scholarship Fund's EIN (Employer Identification Number) is 42-1217707. 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

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS March 23, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS March 19, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 1, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS April 17, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS March 20, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS March 6, 2025)
  7. Updated Form 990-PF for fiscal year 2025 (received by the IRS March 27, 2026)
  8. IRS filings on file for fiscal years 2019–2025

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Conklin Family Scholarship Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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