Hills Bancorporation Foundation
Hills Bancorporation Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hills, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 17 grants totaling $122K. Net investment income was $198K.
Key facts about Hills Bancorporation Foundation
- EIN
- 39-1890766
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $121,500
- Grants made (2024)
- 17
- Average grant
- $7,147
- Median grant
- $5,000
- New grantees (estimate)
- 29% first-time grantees (5 of 17, 2024)
- Total assets
- $2,539,091
- Primary geography
- Iowa (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Hills Bancorporation Foundation funds
By grant dollars, the top recipient states for Hills Bancorporation Foundation's 17 itemized 2024 grants were Iowa (100%). The most frequent recipient cities were Iowa City, IA (7 grants) and Cedar Rapids, IA (6 grants). None of its 17 grants with a stated purpose were described as general or operating support.
Is Hills Bancorporation Foundation open to new grantees?
29%
first-time grantees, 2024
In 2024, 5 of 17 grantees (29%) were first-time recipients. First grants averaged $7K; repeat grants $7K. How we count
Medians: $8K first-time, $5K repeat.
- 59% of 2024 grantees were also funded in 2023. Method
- Giving grew 21% from 2021 to 2024. Method
- In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). 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 Hills Bancorporation Foundation
- How to evaluate Hills Bancorporation Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
+6.7% YoY
Annual Giving
$122K
+14.1% YoY
Grant Count
17
-22.7% YoY
Avg Grant Size
$7K
+47.6% YoY
Under IRS private-foundation payout rules, Hills Bancorporation Foundation reported a distributable amount of $122K for 2024 — the minimum it must pay out in qualifying distributions.
About Hills Bancorporation Foundation
Based on IRS filings
Hills Bancorporation Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hills, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 17 grants totaling $122K. Net investment income was $198K.
Focus Areas
Ready to take the next step with Hills Bancorporation Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 17 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,539,091 | $2,378,672 | $2,103,930 |
| Revenue | $199,596 | $116,994 | $72,925 |
| Expenses | $129,281 | $109,150 | $122,772 |
| Qualifying Distributions | $123,412 | $107,825 | $119,350 |
| Net Investment Income | $197,684 | $115,669 | $69,503 |
| Distributable Amount | $121,804 | $110,565 | $113,641 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
94 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Cedar Rapids Community School Foundation ($25,000), The History Center ($12,000), The Iowa City Bike Library ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CEDAR RAPIDS COMMUNITY SCHOOL FOUNDATION Cedar Rapids, IA | 2025 SAFE INITIATIVE | $25,000 |
| THE HISTORY CENTER Cedar Rapids, IA | 2024-2025 EDUCATIONAL SCHOLARSHIP FUND | $12,000 |
| THE IOWA CITY BIKE LIBRARY Iowa City, IA | PROGRAM SUPPORT | $10,000 |
| BOYS & GIRLS CLUB OF THE COORIDOR Cedar Rapids, IA | PROGRAM SUPPORT FOR FIELD TRIPS | $8,000 |
| BOY SCOUTS OF AMERICA HAWKEYE AREA COUNCIL Cedar Rapids, IA | 2025 PROGRAMMING | $7,500 |
| FILMSCENE Iowa City, IA | 2024 SUMMER ANIMATION CAMPS | $7,500 |
| GIRL SCOUTS OF EASTERN IOWA & WESTERN ILLINOIS Bettendorf, IA | 2025 COOKIES & FLIGHTS EVENTS | $7,500 |
| BACKYARD ABUNDANCE Iowa City, IA | 2024 OUTDOOR COMMUNITY PROGRAMMING | $5,000 |
| EASTERN IOWA ARTS ACADEMY Cedar Rapids, IA | 2025 SCHOLARSHIP FUND | $5,000 |
| IC PUBLIC LIBRARY FRIENDS FOUNDATION Iowa City, IA | PARTNER OF THE MONTH | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Dwight O Seegmiller | President | 1 | — |
| Brian Globokar | Vice President | 1 | — |
| Tony Roetlin | Treasurer | 1 | — |
| Lisa Shileny | Secretary | 1 | — |
| Willis M Bywater | Director | 1 | — |
| Thomas J Gill | Director | 1 | — |
| Theodore H Pacha | Director | 1 | — |
| Ann M Rhodes | Director | 1 | — |
| Ronald E Stutsman | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Hills Bancorporation Foundation?
Hills Bancorporation Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Hills, IA. It holds $2.5M in total assets as of 2024.
How large is Hills Bancorporation Foundation?
As of 2024, Hills Bancorporation Foundation holds $2.5M in total assets with $200K in annual revenue. It awarded 17 grants totaling $122K in 2024.
Where does Hills Bancorporation Foundation operate?
Hills Bancorporation Foundation has awarded grants in Iowa.
What size grants does Hills Bancorporation Foundation award?
In 2024, Hills Bancorporation Foundation awarded 17 grants totaling $122K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Hills Bancorporation Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hills Bancorporation Foundation reported a distributable amount of $122K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hills Bancorporation Foundation's EIN?
Hills Bancorporation Foundation's EIN (Employer Identification Number) is 39-1890766. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.