Home State Bank Charitable Foundation
Home State Bank Charitable Foundation is a private foundation based in Jefferson, Iowa. It makes grants to charitable, religious, literary, educational, and other worthy institutions or organizations.
Home State Bank Charitable Foundation at a glance
In short: Home State Bank Charitable Foundation gave $103K across 39 grants in 2024 (avg $3K), mostly in Iowa. 37% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $103,124
- -14.3% vs 2023
- Grants made (2024)
- 39
- -11.4% vs 2023
- Average grant
- $2,644
- -3.4% vs 2023
- Median grant
- $1,000
- Total assets
- $244,382
- +8.5% vs 2023
- New grantees (estimate)
- 37% first-time grantees (14 of 38, 2024)
- Primary geography
- Iowa (92% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Home State Bank Charitable Foundation
- Contact
Application contact: Bob Allen
Mailing address: 115 West State Street, Jefferson, IA 50129
Phone: (515) 386-2131
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Home State Bank Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Jefferson Matters ($24K). Together the top 10 received $83K.
Grant Size Distribution
204 grants across all recorded years
The most common grant size was under $50K: 204 grants of 204 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 92% of grant dollars went to recipients in Iowa and 6% to recipients in Illinois. The reported shares for Colorado, New York, and West Virginia were 1%, 1%, and 0%, respectively.
Grant Distribution by State
Share of 2024 grant dollars across all 39 itemized grants.
Cities
Is Home State Bank Charitable Foundation open to new grantees?
37%
first-time grantees, 2024
In 2024, 14 of 38 grantees (37%) were first-time recipients. First grants averaged $2K; repeat grants $3K. How we count
Medians: $750 first-time, $1K repeat.
- 50% of 2024 grantees were also funded in 2023. Method
- Giving grew 95% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $44K (2020) to $164K (2022). In 2024 it made 39 grants totaling $103K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Jefferson Matters Jefferson, IA | General Operations | $24,000 |
| Greene County Early Learning Center Jefferson, IA | General Operations | $21,000 |
| Green County Christian Action Resource Center Jefferson, IA | General Operations | $7,850 |
| Midwest Missions Distribution Center Pawnee, IL | General Operations | $6,000 |
| Iowa Natural Heritage Foundation Des Moines, IA | General Operations | $5,200 |
| Community Foundation of Greater Des Moines Des Moines, IA | Polk City Community Foundation | $5,000 |
| Green County Educational Foundation Jefferson, IA | BOOST | $4,750 |
| The Bridge Home Ames, IA | General Operations | $3,000 |
| 144 Chi Grand Junction, IA | General Operations | $2,500 |
| North Polk Community School Foundation Polk City, IA | General Operations | $2,500 |
Ready to take the next step with Home State Bank Charitable Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $244,382 | $122,365 | $103,148 | $103,124 | 39 | $103,124 | $2,365 | $8,515 |
| 2023 | $225,165 | $121,967 | $120,864 | $120,380 | 44 | $120,618 | $1,730 | $7,781 |
| 2022 | $224,062 | $96,880 | $164,610 | $164,181 | 49 | $164,394 | $668 | $10,257 |
| 2021 | $291,792 | $96,464 | $53,185 | $52,795 | 39 | $52,990 | $269 | $11,455 |
| 2020 | $248,513 | $96,381 | $43,880 | $43,500 | 33 | — | $191 | $9,335 |
| 2019 | $196,012 | $96,198 | $47,250 | $46,880 | 37 | — | $13 | $6,531 |
Under IRS private-foundation payout rules, Home State Bank Charitable Foundation reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations working in areas including early childhood education, land and wildlife conservation, higher education, and community services. For example, Greene County Early Learning Center describes its mission as offering high-quality, affordable early care and education to prepare children for a lifetime of learning. Iowa Natural Heritage Foundation says it protects and restores Iowa’s land, water, and wildlife.
Grantmaking
In 2024, the foundation awarded 39 grants totaling $103,124. Grant amounts ranged from $50 to $24,000, with a median of $1,000. Its 2023 giving totaled $120,380 across 44 grants, and its 2022 giving totaled $164,181 across 49 grants.
The largest 2024 awards included $24,000 to Jefferson Matters for general operations, $21,000 to Greene County Early Learning Center for general operations, and $7,850 to Green County Christian Action Resource Center for general operations. Other notable grants were $6,000 to Midwest Missions Distribution Center, $5,200 to Iowa Natural Heritage Foundation, and $5,000 to Community Foundation of Greater Des Moines for the Polk City Community Foundation.
The foundation does not restrict giving to preselected organizations. How to apply: Contact Bob Allen in writing with a brief explanation of the intended use of the requested contribution. Awards must go to charitable, religious, literary, educational, or other worthy institutions or organizations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Bob Allen as president and director; Elizabeth Garst as vice president and director; and Sid Jones, Christopher Deal, Jamie Daubendiek, Susan Tronchetti, Keith Bormann, and Reuben Garst as directors.
Home State Bank Charitable Foundation is led by Bob Allen, President & Director since 2023 (on filings since 2022); none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Bob Allen
President & Director
Director → President & Director, 2023
On filings since 2022
1 hr/week
No compensation reported
Elizabeth Garst
Vice President & Director
Secretary & Director → Vice President & Director, 2020
On filings since 2019
0.1 hrs/week
No compensation reported
Sid Jones
Director
President & Director → Director, 2023
On filings since 2019
0.1 hrs/week
No compensation reported
Susan Tronchetti
Director
On filings since 2019
0.1 hrs/week
No compensation reported
Jamie Daubendiek
Director
On filings since 2022
0.1 hrs/week
No compensation reported
Christopher Deal
Director
On filings since 2023
0.1 hrs/week
No compensation reported
Keith Bormann
Director
On filings since 2023
0.1 hrs/week
No compensation reported
Reuben Garst
Director
On filings since 2023
0.1 hrs/week
No compensation reported
Former officers (5)
- Former: Jennifer Garst (2019–2023) — Director
- Former: Chris Deal (2019–2022) — Director
- Former: Douglas McDermott (2019–2022) — Director
- Former: Jenny Wessling (2019–2022) — Director
- Former: Scott Sievers (2019–2021) — Director
Data from IRS Form 990 filings, 2019–2024. "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 Home State Bank Charitable Foundation
How much does Home State Bank Charitable Foundation give each year?
Home State Bank Charitable Foundation gave $103K across 39 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $120K across 44 grants.
What is Home State Bank Charitable Foundation's typical grant size?
Home State Bank Charitable Foundation's median grant in 2024 was $1,000, and its average grant was $2,644, across 39 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Home State Bank Charitable Foundation that year got $2K on average.
Where does Home State Bank Charitable Foundation give grants?
Home State Bank Charitable Foundation gives mostly in Iowa: 92% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Illinois (6%). The most frequent recipient cities were Jefferson, IA (13 grants), Des Moines, IA (7 grants) and Carroll, IA (3 grants).
Does Home State Bank Charitable Foundation give general operating support?
Yes: 85% of Home State Bank Charitable Foundation's 2024 grants with a stated purpose (33 of 39) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Home State Bank Charitable Foundation's largest grantees?
Home State Bank Charitable Foundation's largest 2024 grantees include Jefferson Matters ($24,000), Greene County Early Learning Center ($21,000) and Green County Christian Action Resource Center ($7,850), according to its 2024 IRS Form 990-PF. Together they received 51% of its itemized 2024 grant dollars.
How large is Home State Bank Charitable Foundation?
Home State Bank Charitable Foundation reported $244K in total assets on its 2024 IRS Form 990-PF. It paid out $103K in qualifying distributions that year, against a required minimum of $9K (roughly 5% of its investment assets).
What does Home State Bank Charitable Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations working in areas including early childhood education, land and wildlife conservation, higher education, and community services. See mission & focus areas ↑
How do I apply for a grant from Home State Bank Charitable Foundation?
Home State Bank Charitable Foundation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Home State Bank Charitable Foundation's EIN?
Home State Bank Charitable Foundation's EIN (Employer Identification Number) is 42-1378344. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 19, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 22, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 11, 2025)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Home State Bank Charitable Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Home State Bank Charitable Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/home-state-bank-charitable-foundation-morg_ad460bcd07d243ec9c2458f29c15c74b
BibTeX
@misc{grantable_421378344_2026,
author = {{Grantable}},
title = {{Home State Bank Charitable Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/home-state-bank-charitable-foundation-morg_ad460bcd07d243ec9c2458f29c15c74b},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Home State Bank Charitable Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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