Hermanson Family Charitable Foundation
Hermanson Family Charitable Foundation is a private foundation, based in Story City, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $42K in total assets. In 2024, it awarded 6 grants totaling $3K. Net investment income was $918.
Key facts about Hermanson Family Charitable Foundation
In short: Hermanson Family Charitable Foundation gave $3K across 6 grants in 2024 (avg $483.333), top state Iowa. Source: 2024 IRS Form 990-PF.
- EIN
- 45-3571164
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,900
- Grants made (2024)
- 6
- Average grant
- $483
- Median grant
- $500
- Total assets
- $41,956
- Primary geography
- Iowa (48% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated October 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$42K
-5.5% YoY
Annual Giving
$3K
-99.7% YoY
Grant Count
6
-66.7% YoY
Avg Grant Size
$483.333
-99.2% YoY
Under IRS private-foundation payout rules, Hermanson Family Charitable Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
How Hermanson Family Charitable Foundation gives
- Giving fell 92% from 2021 to 2024. Method
- In 2024 it paid out 117% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3K (2024) to $1.2M (2023). In 2024 it made 6 grants totaling $3K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Ripe for Harvest ($1K). Together the top 6 received $3K.
Grant Size Distribution
105 grants across all recorded years
The most common grant size was under $50K: 102 grants of 105 (97%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ripe for Harvest Colorado Springs, CO | Charitable | $1,000 |
| Iowa 4-H Foundation Ames, IA | Charitable | $500 |
| Judicial Watch Washington, DC | Charitable | $500 |
| Roland Story School Foundation Story City, IA | Education | $500 |
| Hope Ministries Des Moines, IA | Charitable | $300 |
| Habitat for Humanity Ames, IA | Charitable | $100 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $41,956 | $44,388 | $427,653 |
| Revenue | $1,638 | $16,768 | $56,249 |
| Expenses | $4,070 | $1,152,763 | $60,328 |
| Qualifying Distributions | $2,900 | $1,150,536 | $59,050 |
| Net Investment Income | $918 | $16,768 | $56,249 |
| Distributable Amount | $2,487 | $49,228 | $53,460 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 17, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 21, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Hermanson Family Charitable Foundation is led by Peter A. Hermanson, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Peter A. Hermanson
Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Hermanson Family Charitable Foundation
How much does Hermanson Family Charitable Foundation give each year?
Hermanson Family Charitable Foundation gave $3K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.2M across 18 grants.
What is Hermanson Family Charitable Foundation's typical grant size?
Hermanson Family Charitable Foundation's median grant in 2024 was $500, and its average grant was $483, across 6 grants on its 2024 IRS Form 990-PF.
Where does Hermanson Family Charitable Foundation give grants?
Hermanson Family Charitable Foundation's top state is Iowa, with 48% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Colorado (34%) and District of Columbia (17%). The most frequent recipient cities were Ames, IA (2 grants).
Does Hermanson Family Charitable Foundation give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on Hermanson Family Charitable Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (5 grants).
Who are Hermanson Family Charitable Foundation's largest grantees?
Hermanson Family Charitable Foundation's largest 2024 grantees include Ripe for Harvest ($1,000), Iowa 4-H Foundation ($500) and Judicial Watch ($500), according to its 2024 IRS Form 990-PF. Together they received 69% of its itemized 2024 grant dollars.
How large is Hermanson Family Charitable Foundation?
Hermanson Family Charitable Foundation reported $42K in total assets on its 2024 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).
What is Hermanson Family Charitable Foundation's EIN?
Hermanson Family Charitable Foundation's EIN (Employer Identification Number) is 45-3571164. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
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