Duroe Family Foundation

Private foundation · Grantmaker Waterloo, IA EIN: 42-1474694

The Duroe Family Foundation is a private foundation based in Waterloo, Iowa. It reported 21 grants totaling $104,250 in 2024, all to recipients in Iowa, including organizations working in housing, education, youth services, health care, and community programs.

Duroe Family Foundation at a glance

In short: Duroe Family Foundation gave $104K across 21 grants in 2024 (avg $5K), mostly in Iowa. 48% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$104,250
-9.3% vs 2023
Grants made (2024)
21
+50.0% vs 2023
Average grant
$4,964
-39.6% vs 2023
Median grant
$3,000
Total assets
$2,975,082
+10.0% vs 2023
New grantees (estimate)
48% first-time grantees (10 of 21, 2024; small sample)
Primary geography
Iowa (100% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).

How to apply to Duroe Family Foundation

Accepts unsolicited proposals
No
How to Apply

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.

Contact

Mailing address: 131 Tower Park Dr Ste 100, Waterloo, IA 50701-9374
Phone: (319) 287-3961

Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Who Duroe Family Foundation funds

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Iowa Heartland Habitat for Humanity: $25KIowa Heartland Habitat forHumanity$25KWinnebago Council - Boy Scouts of America: $12KWinnebago Council - Boy Scoutsof America$12KCommunity Foundation of NE Iowa: $10KCommunity Foundation of NEIowa$10KCedar Falls School Foundation: $10KCedar Falls School Foundation$10KSilos & Smokestacks National Heritage Area: $5KSilos & Smokestacks NationalHeritage Area$5KLeader Valley Foundation: $5KLeader Valley Foundation$5KWaverly Health Center Foundation: $5KWaverly Health CenterFoundation$5KBoys & Girls Club of the Cedar Valley: $5KBoys & Girls Club of the CedarValley$5KWaterloo Police Foundation: $5KWaterloo Police Foundation$5KCedar Valley Hospice: $3KCedar Valley Hospice$3K

The largest 2024 recipient was Iowa Heartland Habitat for Humanity ($25K). Together the top 10 received $85K.

Grant Size Distribution

76 grants across all recorded years

76<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 76 grants of 76 (100%).

Geographic Focus

Where this funder awards grants

All 2024 grant dollars went to recipients in Iowa.

Grant Distribution by State

1state

Share of 2024 grant dollars across all 21 itemized grants.

States

Cities

WaterlooCedar FallsJesupWaverlyDes MoinesWest Des MoinesGilbertvilleDubuque

Is Duroe Family Foundation open to new grantees?

48%

first-time grantees, 2024

In 2024, 10 of 21 grantees (48%) were first-time recipients. With only 21 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $3K; repeat grants $7K. How we count

Medians: $2K first-time, $5K repeat.

  • 29% of 2024 grantees were also funded in 2023. Method
  • Giving held roughly steady from 2021 to 2024 (−9%). Method
  • In 2024 it paid out 77% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K7 grants2019 11 grants2020 11 grants2021 19 grants2022 14 grants2023 21 grants2024

From 2019 to 2024, annual grant giving ranged from $65K (2019) to $169K (2022). In 2024 it made 21 grants totaling $104K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Iowa Heartland Habitat for Humanity Waterloo, IAGeneral Fund$25,000
Winnebago Council - Boy Scouts of America Waterloo, IAGeneral Fund$12,000
Community Foundation of NE Iowa Cedar Falls, IAGeneral Fund$10,000
Cedar Falls School Foundation Cedar Falls, IAGeneral Fund$10,000
Silos & Smokestacks National Heritage Area Waterloo, IAGeneral Fund$5,000
Leader Valley Foundation Waterloo, IAGeneral Fund$5,000
Waverly Health Center Foundation Waverly, IAGeneral Fund$5,000
Boys & Girls Club of the Cedar Valley Waterloo, IAGeneral Fund$5,000
Waterloo Police Foundation Waterloo, IAGeneral Fund$5,000
Cedar Valley Hospice Waterloo, IAGeneral Fund$3,000
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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
2024$2,975,082$380,632$109,270$104,25021$105,323$378,859$137,065
2023$2,703,720$158,633$125,762$115,00014$115,538$132,842$126,045
2022$2,670,849$142,456$191,551$168,80019$169,300$37,881$132,776
2021$2,719,944$672,495$138,183$114,10011$114,563$153,887$127,385
2020$2,185,632$714,566$117,379$104,55011—$202,295$82,265
2019$1,588,445$275,812$76,924$64,5007—$35,381$72,746

Under IRS private-foundation payout rules, Duroe Family Foundation reported a distributable amount of $137K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for the foundation is provided. Its 2024 grants included support for organizations whose own missions include providing affordable housing, supporting schools and student leadership, serving young people, advancing health-center programs, and preserving and sharing the story of American agriculture.

Grantmaking

The foundation reported $104,250 in grants across 21 recipients in 2024. Grant amounts ranged from $1,000 to $25,000, with a median grant of $3,000. It reported $115,000 across 14 grants in 2023 and $168,800 across 19 grants in 2022.

The largest 2024 grants included $25,000 to Iowa Heartland Habitat for Humanity; $12,000 to Winnebago Council - Boy Scouts of America; $10,000 each to Community Foundation of NE Iowa and Cedar Falls School Foundation; and $5,000 each to Silos & Smokestacks National Heritage Area, Leader Valley Foundation, Waverly Health Center Foundation, Boys & Girls Club of the Cedar Valley, and Waterloo Police Foundation. These grants were listed for general fund support.

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Albert C Duroe as president, Suzanne C Duroe as director, Rodney L Duroe as treasurer, and Danielle M Trumbauer as secretary.

Duroe Family Foundation is led by Albert C Duroe, President on every filing since 2019; none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Albert C Duroe

    President

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Suzanne C Duroe

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Danielle M Trumbauer

    Secretary

    On filings since 2019

    1 hr/week

    No compensation reported

  • Rodney L Duroe

    Treasurer

    On filings since 2019

    4 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2019–2024. "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 Duroe Family Foundation

How much does Duroe Family Foundation give each year?

Duroe Family Foundation gave $104K across 21 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $115K across 14 grants.

What is Duroe Family Foundation's typical grant size?

Duroe Family Foundation's median grant in 2024 was $3,000, and its average grant was $4,964, across 21 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Duroe Family Foundation that year got $3K on average.

Where does Duroe Family Foundation give grants?

Duroe Family Foundation gives mostly in Iowa: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Waterloo, IA (12 grants), Des Moines, IA (3 grants) and Cedar Falls, IA (2 grants).

Does Duroe Family Foundation give general operating support?

Yes: 100% of Duroe Family Foundation's 2024 grants with a stated purpose (21 of 21) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Duroe Family Foundation's largest grantees?

Duroe Family Foundation's largest 2024 grantees include Iowa Heartland Habitat for Humanity ($25,000), Winnebago Council - Boy Scouts of America ($12,000) and Community Foundation of NE Iowa ($10,000), according to its 2024 IRS Form 990-PF. Together they received 45% of its itemized 2024 grant dollars.

How large is Duroe Family Foundation?

Duroe Family Foundation reported $3.0M in total assets on its 2024 IRS Form 990-PF. It paid out $105K in qualifying distributions that year, against a required minimum of $137K (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.

What does Duroe Family Foundation fund?

No mission statement for the foundation is provided. See mission & focus areas ↑

How do I apply for a grant from Duroe Family Foundation?

The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Duroe Family Foundation's EIN?

Duroe Family Foundation's EIN (Employer Identification Number) is 42-1474694. IRS Form 990 filing data is available on this page for 2019–2024.

Does Duroe Family Foundation accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

Data update history

(7)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS June 5, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS March 9, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS March 16, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS March 6, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 1, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 22, 2025)
  7. IRS filings on file for fiscal years 2019–2024

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Cite this profile

Grantable. (2026). Duroe Family Foundation funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/duroe-family-foundation-morg_1dc46840e2fd42c885dcc73091fa0a6c

BibTeX
@misc{grantable_421474694_2026,
  author       = {{Grantable}},
  title        = {{Duroe Family Foundation funder profile}},
  howpublished = {GrantGraph},
  year         = {2026},
  url          = {https://grantable.co/funders/duroe-family-foundation-morg_1dc46840e2fd42c885dcc73091fa0a6c},
  note         = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}

The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.

Figures come from Duroe Family Foundation'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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