Iowa College Foundation
The Iowa College Foundation is a an individual recipient, Iowa-based public charity that connects donors, businesses, and communities with the state’s independent colleges and universities. It supports student access and institutional strength through scholarships, other contributions to member colleges, and collaborative initiatives.
Iowa College Foundation at a glance
In short: Iowa College Foundation gave $1.4M across 26 grants in 2025 (avg $53K), mostly in Iowa. 0% of 2025 grantees were new. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $1,371,761
- +5.9% vs 2024
- Grants made (2025)
- 26
- +0.0% vs 2024
- Average grant
- $52,760
- +5.9% vs 2024
- Median grant
- $58,742
- Total assets
- $8,821,600
- +7.4% vs 2024
- New grantees (estimate)
- 0% first-time grantees (0 of 26, 2025)
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Iowa College Foundation
- Contact
Mailing address: 505 Fifth Avenue 1034, Des Moines, IA 50309
Phone: (515) 282-0473
Website: https://iowacollegefoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Iowa College Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Morningside College ($79K). Together the top 10 received $668K.
Organizations only. It also paid 1 individual scholarship ($7,500), which are not listed by name.
Grant Size Distribution
132 grants across all recorded years
The most common grant size was in the $50–100K range: 74 grants of 132 (56%).
Geographic Focus
Where this funder awards grants
All reported grant dollars in filing year 2025 went to recipients in Iowa. The foundation describes its work as supporting independent colleges and universities across the state.
Grant Distribution by State
Share of 2025 grant dollars across all 26 itemized grants.
States
Cities
Is Iowa College Foundation open to new grantees?
0%
first-time grantees, 2025
In 2025, 0 of 26 grantees (0%) were first-time recipients. How we count
- 100% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+6%). Method
Estimate from itemized grant lists in IRS Form 990 filings (2020–2025). 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 2020 to 2025, annual grant giving ranged from $1.2M (2021) to $1.5M (2020). In 2025 it made 26 grants totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Morningside College Sioux City, IA | Provide Scholarships | $79,154 |
| Dordt College Sioux Center, IA | Provide Scholarships | $69,643 |
| Grand View University Des Moines, IA | Provide Scholarships | $68,311 |
| Wartburg College Waverly, IA | Provide Scholarships | $67,567 |
| Drake University Des Moines, IA | Provide Scholarships | $67,543 |
| St Ambrose University Davenport, IA | Provide Scholarships | $65,883 |
| Northwestern College Orange City, IA | Provide Scholarships | $63,689 |
| Luther College Decorah, IA | Provide Scholarships | $63,082 |
| Grinnell College Grinnell, IA | Provide Scholarships | $62,361 |
| William Penn University Oskaloosa, IA | Provide Scholarships | $61,127 |
Ready to take the next step with Iowa College Foundation?
Financial History
Multi-year comparison from IRS filings
The foundation states that its endowment consists primarily of investments intended to provide long-term income for future student scholarships.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $8,821,600 | $2,335,476 | $2,117,429 | $1,371,761 | 26 | $374,240 |
| 2024 | $8,217,567 | $1,892,660 | $1,983,068 | $1,295,143 | 26 | $288,760 |
| 2023 | $7,852,626 | $1,918,652 | $1,923,666 | $1,266,722 | 27 | $362,356 |
| 2022 | $7,601,336 | $1,927,763 | $1,952,821 | $1,293,934 | 26 | $308,611 |
| 2021 | $9,093,601 | $2,030,746 | $1,889,781 | $1,235,059 | 27 | $386,619 |
| 2020 | $7,577,710 | $2,359,233 | $2,200,050 | $1,469,912 | 29 | $235,362 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s stated mission is to further the growth and development of private colleges and universities of higher education in Iowa. Its program includes distributing contributions to member colleges and universities. The foundation also describes its work as supporting scholarships, flexible annual funding, and initiatives related to student success, workforce development, and institutional capacity.
Its 2025 grants included scholarship support for Iowa colleges and universities. Among the recipients, Wartburg College describes its mission as challenging and nurturing students for lives of leadership and service; Drake University says it prepares students for meaningful personal lives, professional accomplishments, and responsible global citizenship; and Simpson College says it cultivates a diverse community of learners to lead lives of meaning and purpose.
Grantmaking
In filing year 2025, the foundation reported 26 grants totaling $1,371,761. Awards ranged from $5,250 to $79,154, with a median grant of $58,742. The largest reported grants included $79,154 to Morningside College, $69,643 to Dordt College, and $68,311 to Grand View University. Each was designated to provide scholarships. Other notable awards included $67,567 to Wartburg College and $67,543 to Drake University, also for scholarships.
The foundation’s website describes the Opportunity Scholarship as tuition assistance for students from low-to-moderate income families attending member schools. Donors may also establish scholarships for students at member colleges. These are described as forms of student support, not as outside grant applications.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Kent Hall as board chair, Rachelle Keck as vice chair, Albert Mosely as secretary, and Brian Wogen as treasurer. Peter Voorhees is listed as past board chair. Other listed members are Mark Putnam, Jonathan Brand, Lindsay Chase, Nick Gerhart, Jeff Gribben, John Ottosson, and James Aipperspach.
Iowa College Foundation is led by Ed Finn, President on every filing since 2020; 1 of 57 officers listed in 2025 is compensated.
Officers on the 2025 filing
Ed Finn
President
On filings since 2020
40 hrs/week
$181K (2020) → $213K (2025)
Kent Hall
Board Chair
Member → Board Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Anne Harris
Member
On filings since 2020
1 hr/week
No compensation reported
Ben Steele
Member
On filings since 2020
1 hr/week
No compensation reported
Brian Lenzmeier
Member
On filings since 2020
1 hr/week
No compensation reported
Brian Wogen
Treasurer
Member → Treasurer, 2024
On filings since 2020
1 hr/week
No compensation reported
Charese Yanney
Member
On filings since 2020
1 hr/week
No compensation reported
Charlie Hartig
Member
On filings since 2020
1 hr/week
No compensation reported
Christine Terhark
Member
On filings since 2020
1 hr/week
No compensation reported
Drew Vogel
Member
Past Board Chair → Member, 2022
On filings since 2020
1 hr/week
No compensation reported
Earl Martin
Member
On filings since 2020
1 hr/week
No compensation reported
Erik Hoekstra
Member
Vice Chair → Member, 2022
On filings since 2020
1 hr/week
No compensation reported
Gage Kent
Member
On filings since 2020
1 hr/week
No compensation reported
Gregory Christy
Member
Secretary → Member, 2022
On filings since 2020
1 hr/week
No compensation reported
James Aipperspach
Member
On filings since 2020
1 hr/week
No compensation reported
Jim Russell
Member
On filings since 2020
1 hr/week
No compensation reported
John Ottosson
Member
On filings since 2020
1 hr/week
No compensation reported
John Smith
Member
On filings since 2020
1 hr/week
No compensation reported
John Stavnes
Member
Treasurer → Member, 2024
On filings since 2020
1 hr/week
No compensation reported
Jonathan Brand
Member
On filings since 2020
1 hr/week
No compensation reported
Judy Ralston-Hansen
Member
On filings since 2020
1 hr/week
No compensation reported
Kirk Tyler
Member
On filings since 2020
1 hr/week
No compensation reported
Mark Putnam
Member
On filings since 2020
1 hr/week
No compensation reported
Marty Fredericks
Member
On filings since 2020
1 hr/week
No compensation reported
Michael Helak
Member
On filings since 2020
1 hr/week
No compensation reported
Peter Voorhees
Past Board Chair
Member → Board Chair, 2022
Board Chair → Past Board Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Randy Ramlo
Member
On filings since 2020
1 hr/week
No compensation reported
Rob McDonald
Member
On filings since 2020
1 hr/week
No compensation reported
Sean Kennedy
Member
On filings since 2020
1 hr/week
No compensation reported
Steve Dorenkamp
Member
On filings since 2020
1 hr/week
No compensation reported
Susan Haack
Member
Board Chair → Past Board Chair, 2022
Past Board Chair → Member, 2024
On filings since 2020
1 hr/week
No compensation reported
Tony Golobic
Member
On filings since 2020
1 hr/week
No compensation reported
Amy Novak
Member
On filings since 2022
1 hr/week
No compensation reported
David Hayes
Member
On filings since 2022
1 hr/week
No compensation reported
Todd Olson
Member
On filings since 2022
1 hr/week
No compensation reported
Albert Mosely
Secretary
On filings since 2024
1 hr/week
No compensation reported
Chris Hyland
Member
On filings since 2024
1 hr/week
No compensation reported
Clarence Hudson
Member
On filings since 2024
1 hr/week
No compensation reported
Claudia Schabel
Member
On filings since 2024
1 hr/week
No compensation reported
Dave Pargulski
Member
On filings since 2024
1 hr/week
No compensation reported
Fletcher Lamkin
Member
On filings since 2024
1 hr/week
No compensation reported
Jeff Gribben
Member
On filings since 2024
1 hr/week
No compensation reported
Jeff Hatfield
Member
On filings since 2024
1 hr/week
No compensation reported
Kathy Franken
Member
On filings since 2024
1 hr/week
No compensation reported
Lindsay Chase
Member
On filings since 2024
1 hr/week
No compensation reported
Nick Gerhart
Member
On filings since 2024
1 hr/week
No compensation reported
Rachelle Keck
Vice Chair
On filings since 2024
1 hr/week
No compensation reported
Brad Chamberlain
Member
New on the 2025 filing
1 hr/week
No compensation reported
Chad Benson
Member
New on the 2025 filing
1 hr/week
No compensation reported
Jim Mudd
Member
New on the 2025 filing
1 hr/week
No compensation reported
Joel Shrock
Member
New on the 2025 filing
1 hr/week
No compensation reported
Len Devaisher
Member
New on the 2025 filing
1 hr/week
No compensation reported
Matthew Draud
Member
New on the 2025 filing
1 hr/week
No compensation reported
Mike Doyle
Member
New on the 2025 filing
1 hr/week
No compensation reported
Rebecca Ehretsman
Member
New on the 2025 filing
1 hr/week
No compensation reported
Susan Stuebner
Member
New on the 2025 filing
1 hr/week
No compensation reported
Travis Frampton
Member
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (22)
- Former: James Collins (2020–2024) — Member
- Former: Jeffrey Bullock (2020–2024) — Member
- Former: Jenifer Ward (2020–2024) — Member
- Former: Mike Gassman (2020–2024) — Member
- Former: Patricia Draves (2020–2024) — Member
- Former: Jay Beyers (2024) — Member
- Former: Patrick Jacobson-Schulte (2024) — Member
- Former: Rebecca Neiduski (2024) — Member
- Former: Christine Plunkett (2020–2023) — Member
- Former: Darrel Colson (2020–2023) — Member
- Former: John Reynders (2020–2023) — Member
- Former: Kent Henning (2020–2023) — Member
- Former: Lisa McQuerrey (2020–2023) — Member
- Former: Marsha Kelliher (2020–2023) — Member
- Former: Nick Henderson (2020–2023) — Member
- Former: Rachelle Karstens (2020–2023) — Member
- Former: Steven Bradford (2020–2023) — Member
- Former: Thom D. Chesney (2020–2023) — Member
- Former: William Duffy II (2020–2023) — Secretary
- Former: Joan Lescinski (2020–2021) — Member
- Former: Robert Beatty (2020–2021) — Member
- Former: Jack Jones (2020) — Former President
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $213K, to Ed Finn (President).
Frequently asked questions about Iowa College Foundation
How much does Iowa College Foundation give each year?
Iowa College Foundation gave $1.4M across 26 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.3M across 26 grants.
What is Iowa College Foundation's typical grant size?
Iowa College Foundation's median grant in 2025 was $58,742, and its average grant was $52,760, across 26 grants on its 2025 IRS Form 990.
Where does Iowa College Foundation give grants?
Iowa College Foundation gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Dubuque, IA (3 grants), Sioux City, IA (2 grants), Des Moines, IA (2 grants) and Cedar Rapids, IA (2 grants).
Does Iowa College Foundation give general operating support?
Not in 2025: none of the 26 grants with a stated purpose on Iowa College Foundation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Provide Scholarships" (26 grants).
Who are Iowa College Foundation's largest grantees?
Iowa College Foundation's largest 2025 grantees include Morningside College ($79,154), Dordt College ($69,643) and Grand View University ($68,311), according to its 2025 IRS Form 990. It also paid 1 individual scholarship ($7,500), which are not listed by name. Together they received 16% of its itemized 2025 grant dollars.
How large is Iowa College Foundation?
Iowa College Foundation reported $8.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.3M.
What does Iowa College Foundation fund?
The foundation’s stated mission is to further the growth and development of private colleges and universities of higher education in Iowa. Its program includes distributing contributions to member colleges and universities. See mission & focus areas ↑
How do I apply for a grant from Iowa College Foundation?
Iowa College Foundation has no public application process in the sources Grantable reviewed. Check iowacollegefoundation.org for current guidelines, or contact the foundation directly before submitting a request.
What is Iowa College Foundation's EIN?
Iowa College Foundation's EIN (Employer Identification Number) is 42-0745995. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS February 25, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS March 4, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS February 22, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS March 4, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 28, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS November 11, 2025)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in Iowa College Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Iowa College Foundation funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/iowa-college-foundation-morg_b09d23cfa3e848cfb18277e1b1b1bffe
BibTeX
@misc{grantable_420745995_2026,
author = {{Grantable}},
title = {{Iowa College Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/iowa-college-foundation-morg_b09d23cfa3e848cfb18277e1b1b1bffe},
note = {Accessed 2026-10-10. 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 Iowa College 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.
Iowa College Foundation down — hundreds of funders to go?