Double O Foundation Inc

Private foundation · Grantmaker Monticello, IA EIN: 45-5318744

Double O Foundation Inc is a private foundation focused on mutual and membership benefit, based in Monticello, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $431K in total assets. Net investment income was $17K.

Double O Foundation Inc at a glance

Total assets
$431,356
+3.7% vs 2024
Revenue (2025)
$16,686
+4.1% vs 2024
Net investment income (2025)
$16,686
+4.1% vs 2024
Expenses (2025)
$1,428
+457.8% vs 2024
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated September 2026.

Who Double O Foundation Inc funds

How this funder distributes its grants

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

6states

Cities

AnamosaWyomingBooneChicagoFederal WayLittle RockNew York

How Double O Foundation Inc gives

  • Giving held roughly steady from 2020 to 2023 (+18%). Method
  • In 2023 it paid out 51% 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$10K$20K$30K7 grants2019 2 grants2020 3 grants2021 1 grant2022 1 grant2023 0 grants2024 0 grants2025

From 2019 to 2023, annual grant giving ranged from $8K (2020) to $30K (2021). In 2023 it made 1 grant totaling $10K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Clean Water Scholarships Anamosa, IAClean Water Funds$10,000
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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$431,356$16,686$1,428———$16,686$20,939
2024$416,098$16,036$256———$16,036$19,881
2023$400,318$18,387$10,615$10,0001$10,000$18,387$19,464
2022$392,546$15,458$25,252$25,0001$25,000$15,458$19,431
2021$402,340$18,901$30,400$30,0003$30,000$18,101$20,130
2020$413,839$12$8,850$8,4502——$20,798
2019$422,677$5,900$21,770$21,3707——$21,208

Under IRS private-foundation payout rules, Double O Foundation Inc reported a distributable amount of $21K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Double O Foundation Inc is led by Bruce Smith, President on every filing since 2024 — the only officer listed, and uncompensated.

Officers on the 2025 filing

  • Bruce Smith

    President

    On filings since 2024

    No compensation reported

Former officers (1)
  • Former: Richard Ortgies (2019–2023) — President

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.

Frequently asked questions about Double O Foundation Inc

How large is Double O Foundation Inc?

Double O Foundation Inc reported $431K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $17K.

What is Double O Foundation Inc?

Double O Foundation Inc is a private foundation focused on mutual and membership benefit, based in Monticello, IA. It holds $431K in total assets as of 2025.

Where does Double O Foundation Inc operate?

Double O Foundation Inc has awarded grants in Arkansas, Iowa, Illinois, North Carolina, New York, Washington.

How much is Double O Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Double O Foundation Inc reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Double O Foundation Inc's EIN?

Double O Foundation Inc's EIN (Employer Identification Number) is 45-5318744. 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 May 13, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 2, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS June 24, 2025)
  7. Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
  8. IRS filings on file for fiscal years 2019–2024

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

Figures come from Double O Foundation Inc'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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