Greenstate Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$543K
+251.1% YoY
Annual Giving
$876K
-37.9% YoY
Grant Count
62
-70.5% YoY
Avg Grant Size
$14K
+110.5% YoY
Under IRS private-foundation payout rules, Greenstate Foundation reported a distributable amount of $41K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's vision is to provide communities with solutions to improve financial education, address the shortage of affordable housing, and protect the health of children.
Primary Funding Areas:
Financial Education — Equitable projects and programs that help individuals develop the skills, experience, and knowledge to make informed financial decisions and demonstrate fiscally responsible behavior.
Housing — Initiatives addressing affordable housing shortages, recognizing that stable homeownership is foundational to family wellbeing and participation in economic opportunity.
Childhood Healthcare — Organizations providing direct or supportive services to improve the mental and physical health of youth.
The foundation emphasizes the importance of exploring mindsets around money and financial wellness, recognizing that perspectives on finances are shaped by family, community, and cultural contexts.
Grantmaking
Grant Range
$5,000
Review Cycle
January 9, April 10, July 3, and October 9
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation distributes grants to organizations in Iowa and Illinois.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $543,000 (as of 2024)
- Annual Income: $1.3 million
- Asset Growth: Increased from $16,000 in 2022 to $543,000 in 2024
- Tax Status: IRS ruling year 2023; contributions are tax-deductible
- EIN: 88-0616839
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $542,650 | $154,547 | $15,987 |
| Revenue | $1,300,150 | $1,603,866 | $827,440 |
| Expenses | $751,214 | $1,489,637 | $1,112,286 |
| Qualifying Distributions | $924,576 | $1,466,023 | $811,453 |
| Net Investment Income | — | — | — |
| Distributable Amount | $41,207 | $8,434 | $10,033 |
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
150 grants across all recorded years
Open Grants
1 open opportunity from Greenstate Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cedar Rapids Public Library Foundation ($75,000), Multicultural Family Center ($50,000), Children & Families of Iowa (cfi) ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ROMERO LOPEZ JOSE G DES MOINES, IA | DOWN-PAYMENT ASSISTANCE GRANT | $2,500 |
| PEARLY-BELL JIMMIE DAVENPORT, IA | DOWN-PAYMENT ASSISTANCE GRANT | $2,500 |
| DELESANTOS DAVID CEDAR RAPIDS, IA | DOWN-PAYMENT ASSISTANCE GRANT | $5,000 |
| TORRES RANGEL AVEL URBANDALE, IA | DOWN-PAYMENT ASSISTANCE GRANT | $5,000 |
| MENA GUTIERREZ FREDY ANTONIO URBANDALE, IA | DOWN-PAYMENT ASSISTANCE GRANT | $5,000 |
| GUZMAN REBECCA E DES MOINES, IA | DOWN-PAYMENT ASSISTANCE GRANT | $5,000 |
| ZAVALA ZUNIGA EFRAIN MURRAY, IA | DOWN-PAYMENT ASSISTANCE GRANT | $5,000 |
| MWAMBA DAVID L WATERLOO, IA | DOWN-PAYMENT ASSISTANCE GRANT | $5,000 |
| JIMENEZ LUNA CLAUDIA ENRIQUETA DES MOINES, IA | DOWN-PAYMENT ASSISTANCE GRANT | $5,000 |
| SAEED ALAELDIN IOWA CITY, IA | DOWN-PAYMENT ASSISTANCE GRANT | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by 8 officers and trustees. The principal officer is listed as the Legal Department.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TARA WACHENDORF | PRESIDENT | 1 | — |
| LYNSEY ENGELS | CHAIR | 1 | — |
| FRANK LONA | VICE-CHAIR | 1 | — |
| ROBIN BOUDREAU | SECRETARY | 1 | — |
| JILL BAKER | TREASURER | 1 | — |
| JASMINE ALMOAAYED | DIRECTOR | 1 | — |
| KINGSLEY BOTCHWAY | DIRECTOR | 1 | — |
| JORDAN MONTGOMERY | DIRECTOR | 1 | — |
Contact Information
Address: PO Box 800, North Liberty, IA 52317
Phone: (319) 248-5865
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Greenstate Foundation fund?
The foundation's vision is to provide communities with solutions to improve financial education, address the shortage of affordable housing, and protect the health of children. **Primary Funding Areas:** • **Financial Education** — Equitable projects and programs that help individuals develop the skills, experience, and knowledge to make informed financial decisions and demonstrate fiscally responsible behavior. • **Housing** — Initiatives addressing affordable housing shortages, recognizing th…
How do I apply for a grant from Greenstate Foundation?
**Grant Activity:** • Total grants awarded: 115 grants totaling $722,000 • Median grant size: $5,000 • Grant range: $250 to $30,000 • Average award: $6,000 • Organizations supported: 114 unique organizations **Application Process:** • Quarterly grant request deadlines: January 9, April 10, July 3, and October 9 • Applications submitted after deadlines are automatically moved to the next quarterly funding cycle • Funded organizations must complete an outcome report at the end of any program or p…
Where does Greenstate Foundation make grants?
The foundation distributes grants to organizations in Iowa and Illinois.
What size grants does Greenstate Foundation award?
In 2024, Greenstate Foundation awarded 62 grants totaling $876K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Greenstate Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Greenstate Foundation reported a distributable amount of $41K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Greenstate Foundation's EIN?
Greenstate Foundation's EIN (Employer Identification Number) is 88-0616839. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Greenstate Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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