Iowa College Foundation
The Iowa College Foundation is a non-profit organization based in Des Moines, Iowa, dedicated to supporting independent higher education throughout the state. The organization works to provide students with access to affordable, high-quality education by securing financial resources for its member private colleges and universities. The foundation also operates a connections portal that links students attending private colleges to Iowa businesses for internship and employment opportunities.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$8.8M
+7.4% YoY
Annual Giving
$1.4M
+5.9% YoY
Grant Count
26
+0.0% YoY
Avg Grant Size
$53K
+5.9% YoY
Mission & Focus Areas
The foundation is organized to further the growth and development of private colleges and universities of higher education in Iowa. Its primary program involves distributing contributions to member colleges and universities to support scholarships and institutional development.
The foundation's work focuses on:
- Scholarships and Student Financial Aid: Supporting students attending member private institutions
- Institutional Support: Providing unrestricted gifts to member colleges and universities
- Higher Education Access: Ensuring quality educational experiences remain affordable for students
Grantmaking
The Iowa College Foundation distributes grants to its member private colleges and universities. Recent grant activity includes:
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is focused exclusively on Iowa, supporting private colleges and universities within the state.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $8,217,567
- Total revenues: $1,892,660
- Total expenses: $1,983,068
- Number of employees: 4
Funding Sources: The foundation receives support from other grantmakers, including:
- Council of Independent Colleges (CIC): $105,400 (2024)
- Prairie Meadows Race Track & Casino (partial funding noted)
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $8,821,600 | $8,217,567 | $7,852,626 |
| Revenue | $2,335,476 | $1,892,660 | $1,918,652 |
| Expenses | $2,117,429 | $1,983,068 | $1,923,666 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $374,240 | $288,760 | $362,356 |
| 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 2025
Grant Size Distribution
132 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Ed Finn serves as President of the Iowa College Foundation.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENT HALL | BOARD CHAIR | 1 | — |
| RACHELLE KECK | VICE CHAIR | 1 | — |
| ALBERT MOSELY | SECRETARY | 1 | — |
| BRIAN WOGEN | TREASURER | 1 | — |
| PETER VOORHEES | PAST BOARD CHAIR | 1 | — |
| MARK PUTNAM | MEMBER | 1 | — |
| JONATHAN BRAND | MEMBER | 1 | — |
| LINDSAY CHASE | MEMBER | 1 | — |
| NICK GERHART | MEMBER | 1 | — |
| JEFF GRIBBEN | MEMBER | 1 | — |
| JOHN OTTOSSON | MEMBER | 1 | — |
| JAMES AIPPERSPACH | MEMBER | 1 | — |
| SUSAN HAACK | MEMBER | 1 | — |
| EARL MARTIN | MEMBER | 1 | — |
| TONY GOLOBIC | MEMBER | 1 | — |
| GAGE KENT | MEMBER | 1 | — |
| ROB MCDONALD | MEMBER | 1 | — |
| JOHN SMITH | MEMBER | 1 | — |
| RANDY RAMLO | MEMBER | 1 | — |
| CHRISTINE TERHARK | MEMBER | 1 | — |
| KIRK TYLER | MEMBER | 1 | — |
| STEVE DORENKAMP | MEMBER | 1 | — |
| MARTY FREDERICKS | MEMBER | 1 | — |
| CHARLIE HARTIG | MEMBER | 1 | — |
| SEAN KENNEDY | MEMBER | 1 | — |
| CLARENCE HUDSON | MEMBER | 1 | — |
| JIM RUSSELL | MEMBER | 1 | — |
| BEN STEELE | MEMBER | 1 | — |
| CHARESE YANNEY | MEMBER | 1 | — |
| JUDY RALSTON-HANSEN | MEMBER | 1 | — |
| CHRIS HYLAND | MEMBER | 1 | — |
| ANNE HARRIS | MEMBER | 1 | — |
| BRIAN LENZMEIER | MEMBER | 1 | — |
| DAVE PARGULSKI | MEMBER | 1 | — |
| CLAUDIA SCHABEL | MEMBER | 1 | — |
| JOHN STAVNES | MEMBER | 1 | — |
| DREW VOGEL | MEMBER | 1 | — |
| DAVID HAYES | MEMBER | 1 | — |
| ERIK HOEKSTRA | MEMBER | 1 | — |
| TODD OLSON | MEMBER | 1 | — |
| AMY NOVAK | MEMBER | 1 | — |
| GREGORY CHRISTY | MEMBER | 1 | — |
| MICHAEL HELAK | MEMBER | 1 | — |
| FLETCHER LAMKIN | MEMBER | 1 | — |
| KATHY FRANKEN | MEMBER | 1 | — |
| LEN DEVAISHER | MEMBER | 1 | — |
| JEFF HATFIELD | MEMBER | 1 | — |
| JIM MUDD | MEMBER | 1 | — |
| MATTHEW DRAUD | MEMBER | 1 | — |
| JOEL SHROCK | MEMBER | 1 | — |
| MIKE DOYLE | MEMBER | 1 | — |
| BRAD CHAMBERLAIN | MEMBER | 1 | — |
| CHAD BENSON | MEMBER | 1 | — |
| SUSAN STUEBNER | MEMBER | 1 | — |
| TRAVIS FRAMPTON | MEMBER | 1 | — |
| REBECCA EHRETSMAN | MEMBER | 1 | — |
| ED FINN | PRESIDENT | 40 | $213,081 |
Contact Information
- Address: 505 5th Ave Ste 1034, Des Moines, IA 50309
- Phone: +515 282 0473
- Email: info@iowacollegefoundation.org
- Website: iowacollegefoundation.org
- EIN: 42-0745995
- IRS Status: 501(c)(3) public charity
- Year Established: 1952
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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