Dwight and Marilyn Conover Foundation

OKOBOJI, IA EIN: 26-3868563

The Dwight and Marilyn Conover Foundation is a private foundation based in Okoboji, Iowa. The foundation focuses its philanthropic efforts on education, human services, and voluntarism within Iowa communities.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.7M

+1.6% YoY

Annual Giving

$497K

+21.8% YoY

Grant Count

+4.5% YoY

Avg Grant Size

$22K

+16.5% YoY

Under IRS private-foundation payout rules, Dwight and Marilyn Conover Foundation reported a distributable amount of $488K for 2024 — the minimum it must pay out in qualifying distributions.

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

Mission & Focus Areas

The foundation's primary funding focus areas include:

Education
Science and STEM education
Human Services
Philanthropy, Voluntarism & Grantmaking

Grantmaking

The foundation has made recent grants to Iowa educational institutions and community organizations, including:

Grant Range

& Activity:**

Ready to take the next step with Dwight and Marilyn Conover Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

The foundation's grantmaking is primarily concentrated in Iowa.

Grant Distribution by State

Iowa $2.2M (100%)

States

Iowa Nebraska

Cities

AftonAlgonaAmesAnkenyArnolds ParkClarindaCrestonDakota CityDes MoinesEsthervilleFarragutFort DodgeGreenfieldHamburgHumboldtIda GroveImogeneLe MarsLemarsMilford

Financial History

Multi-year comparison from IRS filings

Total Assets: $7,721,389
Total Annual Giving: $497,000

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$7,721,389	$7,600,463	$7,200,414
Revenue	$627,187	$814,067	$776,786
Expenses	$506,261	$414,039	$531,302
Qualifying Distributions	$497,989	$409,260	$521,200
Net Investment Income	$627,187	$314,067	$276,760
Distributable Amount	$488,283	$399,200	$389,191

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

138 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Isu Foundation (ag College) ($200,000), Dordt University ($50,000), Union Co Historical Society ($50,000).

Recipient	Purpose	Amount
ALGONA COMMUNITY SCHOOL FOUNDATION ALGONA, IA	STUDENT ENGAGEMENT & ACTIVITIES	$10,000
CRESTON ACTIVITIES BOOSTER CLUB INC CRESTON, IA	STUDENT ENGAGEMENT & ACTIVITIES	$10,000
CRESTON ST MALACHY SCHOOL CRESTON, IA	STUDENT ENGAGEMENT & ACTIVITIES	$5,000
EAST UNION EAGLE PRIDE BOOSTER CLUB AFTON, IA	STUDENT ENGAGEMENT & ACTIVITIES	$10,000
ESTHERVILLE LINCOLN CENTERAL PATRONS OF THE ARTS ESTHERVILLE, IA	STUDENT ENGAGEMENT & ACTIVITIES	$10,000
FRIENDS OF GARRIGAN HIGH SCHOOL INC ALGONA, IA	STUDENT ENGAGEMENT & ACTIVITIES	$10,000
GEHLEN CATHOLIC SCHOOL LE MARS, IA	STUDENT ENGAGEMENT & ACTIVITIES	$10,000
HUMBOLDT MUSIC BOOSTER CLUB INC HUMBOLDT, IA	STUDENT ENGAGEMENT & ACTIVITIES	$10,000
LEMARS COMMUNITY SCHOOL BOOSTERS LE MARS, IA	STUDENT ENGAGEMENT & ACTIVITIES	$10,000
MAYFLOWER HERITAGE CHRISTIAN SCHOOL CRESTON, IA	STUDENT ENGAGEMENT & ACTIVITIES	$5,000

Leadership & Key People

Leadership team and compensation from IRS filings

Dwight and Marilyn Conover are recognized as major donors to the Okoboji Foundation, where they hold Visionary level status ($100,000+ lifetime giving). They are also listed as members of the Okoboji Foundation's Legacy Society, indicating their commitment to planned giving and community philanthropy.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DWIGHT CONOVER	PRESIDENT/DIRECTOR	0.1	—
MARILYN CONOVER	DIRECTOR	0.1	—
ABBY CONOVER	SECRETARY/DIRECTOR	0.1	—
PHILIP CONOVER	VICE PRESIDENT/DIRECTOR	0.1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Dwight and Marilyn Conover Foundation fund?

The foundation's primary funding focus areas include: • Education • Science and STEM education • Human Services • Philanthropy, Voluntarism & Grantmaking

How do I apply for a grant from Dwight and Marilyn Conover Foundation?

**Grant Size & Activity:** • Typical grant awards range from $5,000 to $200,000 • Total annual giving: $497,000 (based on most recent IRS Form 990 filing from 2024) **Recent Grants:** The foundation has made recent grants to Iowa educational institutions and community organizations, including: • $10,000 to Okoboji Community School Foundation for Student Engagement & Activities (2024) • $10,000 to Shenandoah Iowa Education Foundation for Student Engagement & Activities (2024) • $50,000 to Iowa C…

Where does Dwight and Marilyn Conover Foundation make grants?

The foundation's grantmaking is primarily concentrated in Iowa.

What size grants does Dwight and Marilyn Conover Foundation award?

In 2024, Dwight and Marilyn Conover Foundation awarded 23 grants totaling $497K — an average of about $22K per grant, based on its IRS Form 990 filings.

How much is Dwight and Marilyn Conover Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Dwight and Marilyn Conover Foundation reported a distributable amount of $488K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Dwight and Marilyn Conover Foundation's EIN?

Dwight and Marilyn Conover Foundation's EIN (Employer Identification Number) is 26-3868563. IRS Form 990 filing data is available on this page for 2020–2024.