Hills Bank Donor Advised Gift Fund
Hills Bank Donor Advised Gift Fund is a public charity and donor-advised fund based in North Liberty, Iowa. The organization operates as a philanthropic intermediary, making cash grants to charitable organizations across the United States. The fund is designated as a 501(c)(3) organization and has maintained tax-exempt status since December 1997.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$25.1M
+23.2% YoY
Annual Giving
$5.5M
-6.2% YoY
Grant Count
105
+0.0% YoY
Avg Grant Size
$52K
-6.2% YoY
Mission & Focus Areas
The Hills Bank Donor Advised Gift Fund makes cash grants to charitable organizations that are tax-exempt under Section 501(c)(3) of the Internal Revenue Code and are not classified as private foundations under Section 509. All grants provide general support to recipient organizations.
The fund's grantmaking encompasses a broad range of charitable purposes, with notable support directed toward faith-based organizations, religious nonprofits, and Christian organizations.
Grantmaking
The fund distributes grants to over 150 to 400 separate charitable organizations annually. Recent grant activity shows:
Grant Types
Ready to take the next step with Hills Bank Donor Advised Gift Fund?
Geographic Focus
Where this funder awards grants
The fund makes grants primarily in Iowa, California, and Florida, though it supports charitable organizations across the United States.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (as of December 2023)
- Total assets: $20,382,535 to $25,102,721
- Total revenues: $8,815,616
- Total expenses: $6,612,980
- Program expense ratio: 97.58%
- Working capital ratio: 4.24 years
Staffing
The organization operates with zero employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,102,721 | $20,382,535 | $18,179,899 |
| Revenue | $10,952,068 | $8,815,616 | $8,174,853 |
| Expenses | $6,231,882 | $6,612,980 | $3,359,560 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $902,469 | $1,099,261 | $220,115 |
| Distributable Amount | — | — | — |
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
200 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Recent News & Activity
Recent developments and announcements
Hills Bank has made notable community commitments in North Liberty, including a $50,000 pledge to North Liberty's Next Stage Campaign. The organization has also provided donations to area schools, with contributions exceeding $7,900 to $8,400 to local educational institutions in recent years.
Hills Bank donates more than $8,400 to area schools | The NewsThe fund received a Three-Star rating from Charity Navigator with an overall score of 75%, based primarily on accountability and finance metrics, indicating solid financial practices and effective use of funds toward its programs.
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Main Street Fort Dodge Inc
FORT DODGE, IA
Assets
$315K
Grants
1
Total Given
$25K
John & Beverly Anderson Charitable Trust
VINTON, IA
Assets
—
Grants
18
Total Given
$22K
Barbara Jean Couturier Charitable T
DAVENPORT, IA
Assets
—
Grants
0
Total Given
—
The Joseph Andres Family Foundation
OKOBOJI, IA
Assets
—
Grants
6
Total Given
$7K
Lohse Family Foundation
BONDURANT, IA
Assets
—
Grants
2
Total Given
$400K
Vande Brake Family Foundation
ORANGE CITY, IA
Assets
$172K
Grants
6
Total Given
$47K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Hills Bank Donor Advised Gift Fund on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities