Heartland Charitable Trust
Heartland Charitable Trust is a 501(c)(3) public charity based in Dubuque, Iowa (EIN 42-6549922). The organization functions as a grantmaker that gathers contributions from individual organizations and holds these funds until they are disbursed to qualified charitable organizations.
Key facts about Heartland Charitable Trust
- EIN
- 42-6549922
- Latest 990 filing
- Form 990 filing, 2023
- Total assets
- $7,723,659
- Accepts unsolicited proposals
- No
- How to apply
- Heartland Charitable Trust does not accept unsolicited proposals. Full details ↓
Data from IRS Form 990 filing, 2023; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Quick answers about Heartland Charitable Trust
How large is Heartland Charitable Trust?
Heartland Charitable Trust reported $7.7M in total assets on its 2023 IRS Form 990 filing. Its revenue that year was $1.8M.
How Heartland Charitable Trust gives
- 61% of 2021 grantees were also funded in 2020. Method
Estimate from itemized grant lists in IRS Form 990 filings (2021). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Heartland Charitable Trust
- How to evaluate Heartland Charitable Trust as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Heartland Charitable Trust with AI
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- Track this opportunity in a free grant tracker
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Financial Overview
From 2023 IRS Form 990 filing · View filing
Total Assets
$7.7M
-4.2% YoY
Revenue
$1.8M
-23.0% YoY
Net Investment Income
$918K
+129.0% YoY
Expenses
$1.9M
+10.1% YoY
Mission & Focus Areas
Mission Statement: Grants to charitable organizations. The trust gathers contributions from individual organizations, then holds these funds until disbursed to Section 501(c)(3) organizations.
Primary Focus Areas: Education, philanthropy, voluntarism and grantmaking, human services, and arts and culture.
Grantmaking
Invitation Only
** Heartland Charitable Trust does not accept unsolicited proposals. Funding is by invitation only.
Ready to take the next step with Heartland Charitable Trust?
Geographic Focus
Where this funder awards grants
Heartland Charitable Trust primarily gives to organizations located in Iowa, Illinois, and New York. These states represent the largest share of the foundation's grantmaking by dollars awarded.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2023:
- Total assets: $7,723,659
- Total revenues: $1,753,911
- Total expenses: $1,919,205
- Total grants and contributions received: $835,939
- Investment income and dividends: $220,695
Balance Sheet (2023):
- Cash and equivalents: $1,120,690
- Receivables (non-related): $6,944,470
- Investments: 80% of assets
- Cash and equivalents: 20% of assets
Funding Received:
- Rebel Family Foundation: $20,000 (2023)
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $7,723,659 | $8,065,160 | $7,530,559 |
| Revenue | $1,753,911 | $2,277,429 | $2,328,587 |
| Expenses | $1,919,205 | $1,742,828 | $1,251,530 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $917,972 | $400,783 | $672,100 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2023
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2023
Grant Size Distribution
213 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2023.
Leadership & Key People
Leadership team and compensation from IRS filings
Board Members:
- Bruce Lee (Board Member, affiliated with Dubuque Bank & Trust)
The organization reported 2 volunteer board members with no reported compensation in 2023.
Heartland Charitable Trust is led by Bruce Lee, Trustee on every filing since 2022 — the only officer listed, and uncompensated.
Officers on the 2023 filing
Bruce Lee
Trustee
On filings since 2022
40 hrs/week
No compensation reported
Former officers (1)
- Former: Lynn B. Fuller (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Heartland Charitable Trust fund?
**Mission Statement:** Grants to charitable organizations. The trust gathers contributions from individual organizations, then holds these funds until disbursed to Section 501(c)(3) organizations. **Primary Focus Areas:** Education, philanthropy, voluntarism and grantmaking, human services, and arts and culture.
How do I apply for a grant from Heartland Charitable Trust?
Heartland Charitable Trust does not accept unsolicited proposals. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Heartland Charitable Trust make grants?
Heartland Charitable Trust primarily gives to organizations located in Iowa, Illinois, and New York. These states represent the largest share of the foundation's grantmaking by dollars awarded.
What is Heartland Charitable Trust's EIN?
Heartland Charitable Trust's EIN (Employer Identification Number) is 42-6549922. IRS Form 990 filing data is available on this page for 2020–2023.
Does Heartland Charitable Trust accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Explore Open Grants
Browse active grant opportunities in Heartland Charitable Trust's focus areas in our free grants database
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Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.