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.
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
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
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 |
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 include Cedar Rapids Community School Foundation ($25,000), The History Center ($12,000), The Iowa City Bike Library ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BACKYARD ABUNDANCE IOWA CITY, IA | 2024 OUTDOOR COMMUNITY PROGRAMMING | $5,000 |
| BOY SCOUTS OF AMERICA HAWKEYE AREA COUNCIL CEDAR RAPIDS, IA | 2025 PROGRAMMING | $7,500 |
| BOYS & GIRLS CLUB OF THE COORIDOR CEDAR RAPIDS, IA | PROGRAM SUPPORT FOR FIELD TRIPS | $8,000 |
| CEDAR RAPIDS COMMUNITY SCHOOL FOUNDATION CEDAR RAPIDS, IA | 2025 SAFE INITIATIVE | $25,000 |
| EASTERN IOWA ARTS ACADEMY CEDAR RAPIDS, IA | 2025 SCHOLARSHIP FUND | $5,000 |
| 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 |
| HEARTLAND YOUTH FOR CHRIST CEDAR RAPIDS, IA | 2024-2025 THE LAB SCHOLARSHIPS | $3,000 |
| IC PUBLIC LIBRARY FRIENDS FOUNDATION IOWA CITY, IA | PARTNER OF THE MONTH | $5,000 |
| IOWA JOBS FOR AMERICAS GRADUATES (IJAG) DES MOINES, IA | 2025 PROGRAMMING AT IC CITY AND WEST HIGH | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in Hills Bancorporation Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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