Gwendolyn and Lucian L Hinecker
Gwendolyn and Lucian L Hinecker is a private foundation focused on Education, based in Marshalltown, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.6M in total assets. In 2025, it awarded 8 grants totaling $121K. Net investment income was $1.4M.
Gwendolyn and Lucian L Hinecker at a glance
In short: Gwendolyn and Lucian L Hinecker gave $121K across 8 grants in 2025 (avg $15K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $120,500
- +12.6% vs 2024
- Grants made (2025)
- 8
- +0.0% vs 2024
- Average grant
- $15,063
- +12.6% vs 2024
- Median grant
- $9,500
- Total assets
- $2,622,319
- +89.5% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Gwendolyn and Lucian L Hinecker funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Iowa State University ($50K). Together the top 8 received $121K.
Grant Size Distribution
43 grants across all recorded years
The most common grant size was under $50K: 41 grants of 43 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Gwendolyn and Lucian L Hinecker gives
- Giving held roughly steady from 2022 to 2025 (+2%). Method
- In 2025 it paid out 110% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $96K (2020) to $121K (2025). In 2025 it made 8 grants totaling $121K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Iowa State University Ames, IA | Scholarships | $50,000 |
| University of Iowa Iowa City, IA | Scholarships | $23,000 |
| University of Northern Iowa Cedar Falls, IA | Scholarships | $13,000 |
| Central College Pella, IA | Scholarships | $11,000 |
| Drake University Des Moines, IA | Scholarships | $8,000 |
| Marshalltown Community College Marshalltown, IA | Scholarships | $7,500 |
| Grinnell College Grinnell, IA | Scholarships | $4,000 |
| Allen College Waterloo, IA | Scholarships | $4,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,622,319 | $1,387,282 | $148,601 | $120,500 | 8 | $120,500 | $1,356,478 | $109,394 |
| 2024 | $1,383,638 | $49,676 | $137,003 | $107,000 | 8 | $107,000 | $35,645 | $119,373 |
| 2023 | $1,470,965 | $168,948 | $144,482 | $120,000 | 9 | $120,000 | $138,177 | $110,177 |
| 2022 | $1,446,499 | $52,480 | $145,224 | $118,000 | 11 | $118,000 | $25,228 | $119,218 |
| 2021 | $1,539,243 | $103,319 | $129,704 | $101,000 | 7 | $101,000 | $67,115 | $122,502 |
| 2020 | $1,565,628 | $127,216 | $120,517 | $96,000 | 8 | — | $100,605 | $102,328 |
| 2019 | $1,558,929 | $54,703 | $131,852 | $107,375 | 13 | — | $54,418 | $105,762 |
Under IRS private-foundation payout rules, Gwendolyn and Lucian L Hinecker reported a distributable amount of $109K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gwendolyn and Lucian L Hinecker's only listed officer is United Bank Trust, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
United Bank Trust
Trustee
On filings since 2021
2 hrs/week
$24K (2021) → $26K (2025)
Former officers (1)
- Former: United Bank Trust-Erik Nilius (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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
The highest reported compensation on the 2025 filing was $26K, to United Bank Trust (Trustee).
Frequently asked questions about Gwendolyn and Lucian L Hinecker
How much does Gwendolyn and Lucian L Hinecker give each year?
Gwendolyn and Lucian L Hinecker gave $121K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $107K across 8 grants.
What is Gwendolyn and Lucian L Hinecker's typical grant size?
Gwendolyn and Lucian L Hinecker's median grant in 2025 was $9,500, and its average grant was $15,063, across 8 grants on its 2025 IRS Form 990-PF.
Where does Gwendolyn and Lucian L Hinecker give grants?
Gwendolyn and Lucian L Hinecker gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Gwendolyn and Lucian L Hinecker give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Gwendolyn and Lucian L Hinecker's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (8 grants).
Who are Gwendolyn and Lucian L Hinecker's largest grantees?
Gwendolyn and Lucian L Hinecker's largest 2025 grantees include Iowa State University ($50,000), University of Iowa ($23,000) and University of Northern Iowa ($13,000), according to its 2025 IRS Form 990-PF. Together they received 71% of its itemized 2025 grant dollars.
How large is Gwendolyn and Lucian L Hinecker?
Gwendolyn and Lucian L Hinecker reported $2.6M in total assets on its 2025 IRS Form 990-PF. It paid out $121K in qualifying distributions that year, against a required minimum of $109K (roughly 5% of its investment assets).
What is Gwendolyn and Lucian L Hinecker?
Gwendolyn and Lucian L Hinecker is a private foundation focused on Education, based in Marshalltown, IA. It holds $2.6M in total assets as of 2025.
What is Gwendolyn and Lucian L Hinecker's EIN?
Gwendolyn and Lucian L Hinecker's EIN (Employer Identification Number) is 46-6706404. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 11, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2019–2024
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