First Citizens Charitable

MASON CITY, IA EIN: 42-1451615

First Citizens Charitable Foundation, Inc. is a private grantmaking foundation established under the Iowa Non-Profit Corporation Act on December 27, 1995. Based in Mason City, Iowa, the foundation is organized for charitable, religious, educational, and scientific purposes, making distributions to organizations that qualify as exempt under Section 501(c)(3) of the Internal Revenue Code.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

Annual Giving

$453K

+20.5% YoY

Grant Count

80

+8.1% YoY

Avg Grant Size

$6K

+11.5% YoY

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

Mission & Focus Areas

The foundation supports nonprofit organizations in the northern Iowa and Minnesota counties served by First Citizens Bank. Primary areas of interest include:

  • Arts and culture
  • Education
  • Health, including medical care and mental health
  • Human services
  • Housing
  • Hunger and homelessness
  • Community improvement
  • Support for low-to-moderate income individuals

Grantmaking

Grant Range

s:** Typical awards range from $500 to $65,000, with historical grants ranging from $250 to $40,000.

Review Cycle

are June 1 and November 15. Applicants can submit applications online or by mail to the foundation office.

How to Apply

** The foundation board meets twice annually to consider requests in June and December. Application deadlines are June 1 and November 15. Applicants can submit applications online or by mail to the foundation office.

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Geographic Focus

Where this funder awards grants

The foundation restricts funding to counties served by First Citizens Bank operations:

Iowa counties: Worth, Mitchell, Howard, Hancock, Cerro Gordo, Floyd, Chickasaw, Wright, Franklin, and Butler

Minnesota counties: Kanabec, Pine, and Isanti

Grant Distribution by State

3states

Cities

ALGONAALTA VISTAALTOONAANKENYBELMONDBRITTCEDAR RAPIDSCHARLES CITYCLARIONCLEAR LAKECOULTERCRESCODES MOINESELMAFLOYDFOREST CITYGARNERHAMPTONIONIAJOHNSTON

Financial History

Multi-year comparison from IRS filings

As of 2023:

  • Total Assets: $1.49 million
  • Total Revenue: $483,000
  • Total Expenses: $391,000
  • Total Liabilities: $0

Grant Activity:

  • Total Giving (2024): $453,300
  • Average grant amount varies by award

The foundation has maintained tax-exempt status since May 1996 (EIN: 42-1451615).

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.120202021202220232024
Metric202420232022
Total Assets
Revenue
Expenses
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$113K$227K$340K$453K79 grants202069 grants202169 grants202274 grants202380 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

CEDAR RIVER COMPLEX$25K43 NORTH IOWA$20KIOWA PBS FOUNDATION$15KCOLTS CORNER DAYCARE CEN…$10KLUTHERAN SERVICES IN IOWA$10KMASON CITY CHAMBER OF CO…$10KBELMOND COMMUNITY HOSPITAL$7KCOMMUNITY KITCHEN OF NOR…$5KAMERICAN LEGION POST 208$5KCHICKASAW COUNTY COUNCIL…$5K

Grant Size Distribution

250 grants across all recorded years

247<$50K3$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Open Grants

1 open opportunity from First Citizens Charitable

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Leadership team and compensation from IRS filings

  • Patricia A. Tomson – Executive Director
  • O Jay Tomson – President
  • Gordon Anderson – Director
  • Amy Nelson – Board Secretary

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

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

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