Iowa Savings Bank Charitable Foundation
The Iowa Savings Bank Charitable Foundation is a private foundation based in Carroll, Iowa. It provides monetary awards for charitable, literary, educational, or other worthy institutional needs.
Iowa Savings Bank Charitable Foundation at a glance
In short: Iowa Savings Bank Charitable Foundation gave $29K across 46 grants in 2025 (avg $628.37), mostly in Iowa. 30% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $28,905
- -41.7% vs 2024
- Grants made (2025)
- 46
- +4.5% vs 2024
- Average grant
- $628
- -44.2% vs 2024
- Median grant
- $250
- Total assets
- $1,577
- -38.8% vs 2024
- New grantees (estimate)
- 30% first-time grantees (14 of 46, 2025)
- Primary geography
- Iowa (98% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Iowa Savings Bank Charitable Foundation
- How to Apply
-
The foundation’s filing says to contact Bill Hess in writing with a brief explanation of the purpose or need. Awards must go to charitable, religious, literary, educational, or other worthy institutions or organizations.
- Contact
Application contact: Bill Hess
Mailing address: Iowa Savings Bank, Carroll, IA 51401
Phone: (712) 792-9772
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Iowa Savings Bank Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was World Food Prize Foundation ($8K). Together the top 10 received $21K.
Grant Size Distribution
228 grants across all recorded years
The most common grant size was under $50K: 228 grants of 228 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 98% of grant dollars went to recipients in Iowa and 2% to recipients in Tennessee.
Grant Distribution by State
Share of 2025 grant dollars across all 46 itemized grants.
States
Cities
Is Iowa Savings Bank Charitable Foundation open to new grantees?
30%
first-time grantees, 2025
In 2025, 14 of 46 grantees (30%) were first-time recipients. First grants averaged $681; repeat grants $605. How we count
Medians: $225 first-time, $300 repeat.
- 52% of 2025 grantees were also funded in 2024. Method
- Giving fell 64% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF 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 $29K (2025) to $99K (2020). In 2025 it made 46 grants totaling $29K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| World Food Prize Foundation Des Moines, IA | Unrestricted Use | $7,500 |
| Endow Glidden Glidden, IA | Unrestricted Use | $5,000 |
| 25 Chi (Corridor Housing Initiative) Grand Junction, IA | Unrestricted Use | $2,500 |
| Community of Concern Food Pantry Carroll, IA | Unrestricted Use | $2,000 |
| Carroll County Fair Board Coon Rapids, IA | Unrestricted Use | $1,000 |
| United Fund of Coon Rapids & Union Township Coon Rapids, IA | Unrestricted Use | $1,000 |
| Coon Rapids Ministerial Association Coon Rapids, IA | Unrestricted Use | $500 |
| Glidden United Charities Glidden, IA | Unrestricted Use | $500 |
| Guthrie County Fair Foundation Guthrie Center, IA | Unrestricted Use | $500 |
| Main Street Coon Rapids Coon Rapids, IA | Unrestricted Use | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $1,577 | $28,496 | $29,495 | $28,905 | 46 | $29,200 | $61 |
| 2024 | $2,576 | $52,336 | $50,110 | $49,550 | 44 | $49,830 | $38 |
| 2023 | $350 | $55,905 | $73,575 | $73,050 | 42 | $73,312 | $595 |
| 2022 | $18,020 | $80,007 | $80,443 | $79,923 | 45 | $80,183 | $745 |
| 2021 | $18,456 | $25,024 | $83,351 | $82,851 | 51 | $83,101 | $2,396 |
| 2020 | $76,783 | $100,046 | $99,475 | $99,000 | 46 | — | $2,367 |
Under IRS private-foundation payout rules, Iowa Savings Bank Charitable Foundation reported a distributable amount of $61 for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation describes its direct charitable activity as “providing monetary awards for charitable, literary, educational or other worthy institutional needs.”
Its 2025 grants included support for organizations serving community, educational, health, human-service, animal-welfare, and youth-recreation needs. For example, Calhoun County Exposition says it provides an annual fair for county 4-H and FFA youth; New Hope Village Foundation says it provides financial assistance to support services for individuals with disabilities; and Animal Rescue of Carroll says it operates a shelter and supports animal adoption and care.
Grantmaking
In filing year 2025, the foundation reported 46 grants totaling $28,905. Grants ranged from $30 to $7,500, with a median of $250.
Among its largest 2025 awards were $7,500 to World Food Prize Foundation, $5,000 to Endow Glidden, $2,500 to 25 CHI (Corridor Housing Initiative), and $2,000 to Community of Concern Food Pantry. Each was designated for unrestricted use.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists William C Hess as president and director. It lists Dierk Halverson, Richard Fulton, Catherine Rottinghaus, and Mike McLaughlin as directors.
Iowa Savings Bank Charitable Foundation is led by William C. Hess, President & Director on every filing since 2020; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
William C. Hess
President & Director
On filings since 2020
1 hr/week
No compensation reported
Catherine Rottinghaus
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Dierk Halverson
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Mike McLaughlin
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Richard Fulton
Director
On filings since 2020
0.1 hrs/week
No compensation reported
Former officers (2)
- Former: Gene Vincent (2020–2023) — Director
- Former: Tom Farner (2020–2023) — Director
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.
Frequently asked questions about Iowa Savings Bank Charitable Foundation
How much does Iowa Savings Bank Charitable Foundation give each year?
Iowa Savings Bank Charitable Foundation gave $29K across 46 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $50K across 44 grants.
What is Iowa Savings Bank Charitable Foundation's typical grant size?
Iowa Savings Bank Charitable Foundation's median grant in 2025 was $250, and its average grant was $628, across 46 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Iowa Savings Bank Charitable Foundation that year got $681 on average.
Where does Iowa Savings Bank Charitable Foundation give grants?
Iowa Savings Bank Charitable Foundation gives mostly in Iowa: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Carroll, IA (16 grants), Coon Rapids, IA (6 grants), Glidden, IA (5 grants) and Lake City, IA (3 grants).
Does Iowa Savings Bank Charitable Foundation give general operating support?
Yes: 100% of Iowa Savings Bank Charitable Foundation's 2025 grants with a stated purpose (46 of 46) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Iowa Savings Bank Charitable Foundation's largest grantees?
Iowa Savings Bank Charitable Foundation's largest 2025 grantees include World Food Prize Foundation ($7,500), Endow Glidden ($5,000) and 25 Chi (Corridor Housing Initiative) ($2,500), according to its 2025 IRS Form 990-PF. Together they received 52% of its itemized 2025 grant dollars.
How large is Iowa Savings Bank Charitable Foundation?
Iowa Savings Bank Charitable Foundation reported $2K in total assets on its 2025 IRS Form 990-PF. It paid out $29K in qualifying distributions that year, against a required minimum of $61 (roughly 5% of its investment assets).
What does Iowa Savings Bank Charitable Foundation fund?
The foundation describes its direct charitable activity as “providing monetary awards for charitable, literary, educational or other worthy institutional needs.” See mission & focus areas ↑
How do I apply for a grant from Iowa Savings Bank Charitable Foundation?
The foundation’s filing says to contact Bill Hess in writing with a brief explanation of the purpose or need. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Iowa Savings Bank Charitable Foundation's EIN?
Iowa Savings Bank Charitable Foundation's EIN (Employer Identification Number) is 42-1329826. IRS Form 990 filing data is available on this page for 2020–2025.
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 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Iowa Savings Bank Charitable Foundation funds
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