First Citizens Bank Charitable Foundation

Private foundation · Grantmaker Mason City, IA EIN: 42-1451615

FIRST CITIZENS BANK CHARITABLE is a private foundation based in Mason City, Iowa. Its 2025 filing reports grants to organizations in Iowa, and its First Citizens Charitable Foundation Grant program describes support for eligible organizations in Iowa and Minnesota.

Key facts about First Citizens Bank Charitable Foundation

In short: First Citizens Bank Charitable Foundation gave $408K across 75 grants in 2025 (avg $5K), mostly in Iowa. 53% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
42-1451615
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$408,200
Grants made (2025)
75
Average grant
$5,443
Median grant
$2,500
New grantees (estimate)
53% first-time grantees (40 of 75, 2025)
Total assets
$1,222,584
Primary geography
Iowa (100% of itemized 2025 grant dollars)
How to apply
The foundation’s filing says it does not restrict giving to preselected organizations. Full details ↓
Deadline
Applications are reviewed June 1 and November 15.

Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.2M

-5.8% YoY

Annual Giving

$408K

-9.9% YoY

Grant Count

75

-6.3% YoY

Avg Grant Size

$5K

-3.9% YoY

Under IRS private-foundation payout rules, First Citizens Bank Charitable Foundation reported a distributable amount of $94K for 2025 — the minimum it must pay out in qualifying distributions.

Is First Citizens Bank Charitable Foundation open to new grantees?

53%

first-time grantees, 2025

In 2025, 40 of 75 grantees (53%) were first-time recipients. First grants averaged $5K; repeat grants $6K. How we count

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

  • 33% of 2025 grantees were also funded in 2024. Method
  • Giving held roughly steady from 2022 to 2025 (+4%). Method
  • In 2025 it paid out 435% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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

Mission & Focus Areas

The foundation is organized for charitable, religious, educational, and scientific purposes, including distributions to organizations qualifying as exempt under Section 501(c)(3) of the Internal Revenue Code.

Grantees’ stated missions illustrate the range of organizations it has supported. The Floyd County Fair Society says it holds an annual fair to further agricultural interests and encourage improvements in agricultural products and related fields. Stebens Children’s Theatre says it educates young people in theatre arts and provides family entertainment. One Vision says it supports individual choice through services intended to promote purpose and independence. Elderbridge Agency on Aging describes services including meals, transportation, case management, and help maintaining independent living.

Grantmaking

Review Cycle

Applications are reviewed June 1 and November 15.

How to Apply

.

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1 open opportunity from First Citizens Bank Charitable Foundation

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Geographic Focus

Where this funder awards grants

All grant dollars reported for 2025 went to recipients in Iowa. The foundation’s grant program describes its eligible area as counties served by First Citizens Bank in Iowa and Minnesota.

Grant Distribution by State

5states

Share of 2025 grant dollars across all 75 itemized grants.

Cities

Mason CityCharles CityDes MoinesOsageNew HamptonClear LakeClarionRockwellWaterlooBelmondGarnerUrbandaleAnkenyHamptonKanawhaAltoonaOskaloosaSheffieldBrittForest City

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K79 grants2020 69 grants2021 69 grants2022 74 grants2023 80 grants2024 75 grants2025

From 2020 to 2025, annual grant giving ranged from $375K (2020) to $453K (2024). In 2025 it made 75 grants totaling $408K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

The Clear Lake Development Foundation: $60KThe Clear Lake DevelopmentFoundation$60KCedar River Recreation and Fine Arts: $25KCedar River Recreation andFine Arts$25KMason City Family YMCA: $17KMason City Family YMCA$17KFloyd County Fair Society: $15KFloyd County Fair Society$15KMitchell County Historical Society: $13KMitchell County HistoricalSociety$13KIowa Specialty Hospital - Clarion: $11KIowa Specialty Hospital -Clarion$11KCity of Osage: $11KCity of Osage$11KCommunity Kitchen of North Iowa Inc: $10KCommunity Kitchen of NorthIowa Inc$10KWorld Food Prize Foundation: $10KWorld Food Prize Foundation$10KNorth Iowa Fair Association: $10KNorth Iowa Fair Association$10K

The largest 2025 recipient was The Clear Lake Development Foundation ($60K). Together the top 10 received $181K.

Grant Size Distribution

367 grants across all recorded years

361<$50K6$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 361 grants of 367 (98%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
The Clear Lake Development Foundation Clear Lake, IAClear lake area chamber of commerce and welcome cener expansion$60,000
Cedar River Recreation and Fine Arts Osage, IAGeneral Support$25,000
Mason City Family YMCA Mason City, IAGeneral Support$16,750
Floyd County Fair Society Charles City, IAGeneral Support$15,000
Mitchell County Historical Society Osage, IAGeneral Support$12,500
Iowa Specialty Hospital - Clarion Clarion, IASpecialty Clinic Exam Table$11,250
City of Osage Osage, IABurnham Park Restoration$10,500
Community Kitchen of North Iowa Inc Mason City, IAGeneral Support$10,250
World Food Prize Foundation Des Moines, IAGeneral Support$10,000
North Iowa Fair Association Mason City, IANaming right to the North Iowa recreational arena building$10,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants awarded Grant count
2025 $1,222,584 $593,926 $426,681 $408,200 75
2024 $1,297,731 $282,586 $474,354 $453,300 80
2023 $1,489,138 $482,717 $390,887 $376,050 74
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,222,584$1,297,731$1,489,138
Revenue$593,926$282,586$482,717
Expenses$426,681$474,354$390,887
Qualifying Distributions$409,317$458,820$381,570
Net Investment Income$306,262$267,092$222,233
Distributable Amount$94,188$84,584$70,854

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS September 7, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 1, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 8, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS June 7, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
  7. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists O Jay Tomson as president, Marti T Rodamaker as vice president, Amy E Nelson as secretary, Brad J Dummett as treasurer, and Patricia A Tomson as executive director. It also lists Joleen Fleming, Robert Klocke, and Catherine Rottinghaus as directors.

First Citizens Bank Charitable Foundation is led by Patricia A. Tomson, Executive Director on every filing since 2020; 1 of 8 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Patricia A. Tomson

    Executive Director

    On filings since 2020

    2 hrs/week

    $10K (2020) → $10K (2025)

  • O. Jay Tomson

    President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Catherine Rottinghaus

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Joleen Fleming

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Robert Klocke

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Marti T. Rodamaker

    Vice President

    On filings since 2020

    1 hr/week

    No compensation reported

  • Amy E. Nelson

    Secretary

    On filings since 2021

    1 hr/week

    No compensation reported

  • Brad J. Dummett

    Treasurer

    On filings since 2023

    1 hr/week

    No compensation reported

Former officers (4)
  • Former: Gordon Anderson (2020–2022) — Director
  • Former: James Anderson (2020–2022) — Treasurer
  • Former: Mary Nordenstrom (2020–2022) — Director
  • Former: Elaine Aberg (2020) — Secretary

Data from IRS Form 990 filings, 2020–2025. "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

Patricia a Tomson — Executive Director: $10KPatricia a TomsonExecutive Director$10K

The highest reported compensation on the 2025 filing was $10K, to Patricia a Tomson (Executive Director).

Contact

Application contact: O Jay Tomson Patricia A Tomson
Mailing address: 2601 Fourth Street Sw, Mason City, IA 50401
Phone: (641) 422-1600

Frequently asked questions about First Citizens Bank Charitable Foundation

How much does First Citizens Bank Charitable Foundation give each year?

First Citizens Bank Charitable Foundation gave $408K across 75 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $453K across 80 grants.

What is First Citizens Bank Charitable Foundation's typical grant size?

First Citizens Bank Charitable Foundation's median grant in 2025 was $2,500, and its average grant was $5,443, across 75 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from First Citizens Bank Charitable Foundation that year got $5K on average.

Where does First Citizens Bank Charitable Foundation give grants?

First Citizens Bank Charitable Foundation gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Mason City, IA (35 grants), Charles City, IA (6 grants), Osage, IA (5 grants) and Clear Lake, IA (4 grants).

Does First Citizens Bank Charitable Foundation give general operating support?

Yes: 77% of First Citizens Bank Charitable Foundation's 2025 grants with a stated purpose (58 of 75) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are First Citizens Bank Charitable Foundation's largest grantees?

First Citizens Bank Charitable Foundation's largest 2025 grantees include The Clear Lake Development Foundation ($60,000), Cedar River Recreation and Fine Arts ($25,000) and Mason City Family YMCA ($16,750), according to its 2025 IRS Form 990-PF. Together they received 25% of its itemized 2025 grant dollars.

How large is First Citizens Bank Charitable Foundation?

First Citizens Bank Charitable Foundation reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $409K in qualifying distributions that year, against a required minimum of $94K (roughly 5% of its investment assets).

What does First Citizens Bank Charitable Foundation fund?

The foundation is organized for charitable, religious, educational, and scientific purposes, including distributions to organizations qualifying as exempt under Section 501(c)(3) of the Internal Revenue Code. See mission & focus areas ↑

How do I apply for a grant from First Citizens Bank Charitable Foundation?

The foundation’s filing says it does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is First Citizens Bank Charitable Foundation's EIN?

First Citizens Bank Charitable Foundation's EIN (Employer Identification Number) is 42-1451615. IRS Form 990 filing data is available on this page for 2020–2025.

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

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