Iowa State Bank Charitable Foundation
Iowa State Bank Charitable Foundation is a private foundation based in Sac City, Iowa. Its 2025 filing shows grants to charitable, educational, religious, and community organizations, with nearly all grant dollars going to recipients in Iowa.
Iowa State Bank Charitable Foundation at a glance
In short: Iowa State Bank Charitable Foundation gave $65K across 27 grants in 2025 (avg $2K), mostly in Iowa. 0% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $64,610
- +1.3% vs 2024
- Grants made (2025)
- 27
- -34.1% vs 2024
- Average grant
- $2,393
- +53.8% vs 2024
- Median grant
- $600
- Total assets
- $6,693
- -40.8% vs 2024
- New grantees (estimate)
- 0% first-time grantees (0 of 27, 2025)
- Primary geography
- Iowa (99% 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 State Bank Charitable Foundation
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The foundation does not restrict giving to preselected organizations and accepts unsolicited requests. Submit a written request to Steven Spotts with a brief explanation of the intended use of the contribution. Awards must be made to charitable, religious, literary, educational, or other worthy institutions or organizations.
- Contact
Application contact: Steven Spotts
Mailing address: 500 Audubon St, Sac City, IA 50583-2208
Phone: (712) 662-4721
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Iowa State Bank Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Loring Hospital Foundation ($21K). Together the top 10 received $58K.
Grant Size Distribution
178 grants across all recorded years
The most common grant size was under $50K: 178 grants of 178 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 99% of grant dollars went to recipients in Iowa and 1% to recipients in New York. Listed Iowa recipients include organizations in Sac City, Lake View, Wall Lake, Carroll, and Des Moines.
Grant Distribution by State
Share of 2025 grant dollars across all 27 itemized grants.
Cities
Is Iowa State Bank Charitable Foundation open to new grantees?
0%
first-time grantees, 2025
In 2025, 0 of 27 grantees (0%) were first-time recipients. How we count
- 96% of 2025 grantees were also funded in 2024. Method
- Giving grew 81% 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 $36K (2022) to $65K (2025). In 2025 it made 27 grants totaling $65K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Loring Hospital Foundation Sac City, IA | General Operations | $20,810 |
| Lake View Community Club Lake View, IA | Building Construction | $13,500 |
| East Sac County School District Lake View, IA | Playground Equipment | $12,500 |
| Sac Education Foundation Sac City, IA | General Operations | $3,000 |
| Sac Community Foundation Sac City, IA | General Operations | $1,800 |
| Sac County Fair Sac City, IA | General Operations | $1,750 |
| New Opportunities Sac City, IA | General Operations | $1,200 |
| St Mary's Church Sac City, IA | General Operations | $1,200 |
| Iowa College Foundation Des Moines, IA | General Operations | $1,000 |
| Region XII COG Carroll, IA | General Operations | $1,000 |
Ready to take the next step with Iowa State Bank Charitable Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $6,693 | $60,000 | $64,610 | $64,610 | 27 | $64,610 | $385 |
| 2024 | $11,303 | $60,000 | $63,780 | $63,780 | 41 | $63,780 | $1,043 |
| 2023 | $15,083 | $48,000 | $48,405 | $48,405 | 39 | $48,405 | $698 |
| 2022 | $15,488 | $36,000 | $35,785 | $35,785 | 35 | $35,785 | $738 |
| 2021 | $15,273 | $36,014 | $36,635 | $36,635 | 36 | $36,635 | $706 |
| 2020 | $15,894 | $36,000 | $46,050 | $46,050 | 36 | — | $1,156 |
Under IRS private-foundation payout rules, Iowa State Bank Charitable Foundation reported a distributable amount of $385 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 available sources do not state a mission for the foundation. Its 2025 grants show support for general operations, building construction, and playground equipment, among other purposes. One recipient, Iowa College Foundation, received $1,000; that organization describes its mission as furthering the growth and development of private colleges and universities in Iowa.
Grantmaking
In 2025, the foundation reported 27 grants totaling $64,610. Grant amounts ranged from $100 to $20,810, with a median of $600. The largest awards were $20,810 to Loring Hospital Foundation for general operations, $13,500 to Lake View Community Club for building construction, and $12,500 to East Sac County School District for playground equipment. Other listed grants included $3,000 to Sac Education Foundation, $1,800 to Sac Community Foundation, and $1,750 to Sac County Fair.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Steven Spotts as president and Linda Olson as secretary/treasurer.
Iowa State Bank Charitable Foundation is led by Steven Spotts, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Steven Spotts
President
On filings since 2020
1 hr/week
No compensation reported
Linda Olson
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
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 State Bank Charitable Foundation
How much does Iowa State Bank Charitable Foundation give each year?
Iowa State Bank Charitable Foundation gave $65K across 27 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $64K across 41 grants.
What is Iowa State Bank Charitable Foundation's typical grant size?
Iowa State Bank Charitable Foundation's median grant in 2025 was $600, and its average grant was $2,393, across 27 grants on its 2025 IRS Form 990-PF.
Where does Iowa State Bank Charitable Foundation give grants?
Iowa State Bank Charitable Foundation gives mostly in Iowa: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Sac City, IA (10 grants), Lake View, IA (5 grants), Wall Lake, IA (2 grants) and Odebolt, IA (2 grants).
Does Iowa State Bank Charitable Foundation give general operating support?
Yes: 67% of Iowa State Bank Charitable Foundation's 2025 grants with a stated purpose (18 of 27) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Equipment" (4 grants).
Who are Iowa State Bank Charitable Foundation's largest grantees?
Iowa State Bank Charitable Foundation's largest 2025 grantees include Loring Hospital Foundation ($20,810), Lake View Community Club ($13,500) and East Sac County School District ($12,500), according to its 2025 IRS Form 990-PF. Together they received 72% of its itemized 2025 grant dollars.
How large is Iowa State Bank Charitable Foundation?
Iowa State Bank Charitable Foundation reported $7K in total assets on its 2025 IRS Form 990-PF. It paid out $65K in qualifying distributions that year, against a required minimum of $385 (roughly 5% of its investment assets).
What does Iowa State Bank Charitable Foundation fund?
The available sources do not state a mission for the foundation. Its 2025 grants show support for general operations, building construction, and playground equipment, among other purposes. See mission & focus areas ↑
How do I apply for a grant from Iowa State Bank Charitable Foundation?
The foundation does not restrict giving to preselected organizations and accepts unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Iowa State Bank Charitable Foundation's EIN?
Iowa State Bank Charitable Foundation's EIN (Employer Identification Number) is 42-1448100. IRS Form 990 filing data is available on this page for 2020–2025.
Does Iowa State Bank Charitable Foundation accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
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 April 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 27, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 26, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 14, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in Iowa State Bank Charitable Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Iowa State Bank Charitable Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/iowa-state-bank-charitable-foundation-morg_68e9a2f48fb746129cee59d3caaef67b
BibTeX
@misc{grantable_421448100_2026,
author = {{Grantable}},
title = {{Iowa State Bank Charitable Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/iowa-state-bank-charitable-foundation-morg_68e9a2f48fb746129cee59d3caaef67b},
note = {Accessed 2026-10-15. 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 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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