Iowa State University Foundation
Iowa State University Foundation at a glance
In short: Iowa State University Foundation gave $159.2M across 1 grant in 2025 (avg $159.2M), mostly in Iowa. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $159,224,118
- -3.9% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $159,224,118
- -3.9% vs 2024
- Median grant
- $159,224,118
- Total assets
- $2,138,119,815
- +9.3% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Iowa State University Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Iowa State University ($159.2M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Iowa State University Foundation gives
- Giving grew 37% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $88.1M (2021) to $165.6M (2024). In 2025 it made 1 grant totaling $159.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Iowa State University Ames, IA | Student support (scholarships, fellowships, loans, awards), faculty and staff support (endowed faculty positions, research, professional development), program support (academic and out-of-classroom programs and campus organizations), and facilities support (building construction and renovation, equipment). | $159,224,118 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,138,119,815 | $196,181,104 | $204,948,678 | $159,224,118 | 1 | $24,574,811 |
| 2024 | $1,955,859,918 | $143,213,015 | $205,319,508 | $165,625,651 | 1 | $28,965,064 |
| 2023 | $1,874,949,873 | $147,035,872 | $153,769,487 | $119,331,142 | 1 | $33,174,433 |
| 2022 | $1,813,751,650 | $255,070,989 | $146,572,844 | $116,519,840 | 1 | $41,175,450 |
| 2021 | $1,790,439,488 | $196,378,537 | $116,719,852 | $88,114,775 | 1 | $42,621,731 |
| 2020 | $1,353,978,392 | $132,115,683 | $127,015,540 | $100,697,998 | 2 | $58,087 |
| 2019 | $1,341,412,954 | $160,807,746 | $145,568,384 | $118,656,499 | 2 | $12,986,884 |
About Iowa State University Foundation
Based on IRS filings
Iowa State University Foundation is a public charity focused on Education, based in Ames, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.1B in total assets. In 2025, it awarded 1 grant totaling $159.2M. Net investment income was $24.6M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Iowa State University Foundation is led by Larissa Holtmyer Jones, President & CEO on every filing since 2019; 10 of 27 officers listed in 2025 are compensated.
Officers on the 2025 filing
Larissa Holtmyer Jones
President & CEO
On filings since 2019
40 hrs/week
$366K (2019) → $547K (2025)
Mary Jane Hagenson
Chair
Director → Vice Chair, 2022
Vice Chair → Chair, 2024
On filings since 2019
2 hrs/week
No compensation reported
David Kingland
Director
On filings since 2019
1 hr/week
No compensation reported
Jon Fleming
Director
On filings since 2019
1 hr/week
No compensation reported
Larry Pithan
Director
On filings since 2019
1 hr/week
No compensation reported
Richard Mahoney
Director
Vice Chair → Chair, 2022
Chair → Director, 2024
On filings since 2019
1 hr/week
No compensation reported
Wendy Wintersteen
Director
On filings since 2019
1 hr/week
No compensation reported
Ted Oberlander
Director
On filings since 2020
1 hr/week
No compensation reported
Charles Sukup
Director
On filings since 2021
1 hr/week
No compensation reported
Dee Vandeventer
Director
On filings since 2022
1 hr/week
No compensation reported
Ajay Desai
Director
On filings since 2023
1 hr/week
No compensation reported
Jim Borel
Director
On filings since 2024
1 hr/week
No compensation reported
Linda Schakel
Director
On filings since 2024
1 hr/week
No compensation reported
Judy Ralston-Hansen
Director
New on the 2025 filing
1 hr/week
No compensation reported
Kurt Tjaden
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jeremy Galvin
Vice President & Chief Development Officer
Vice President for Development → Vice President & Chief Development Officer, 2023
On filings since 2019
40 hrs/week
$212K (2019) → $322K (2025)
Kelly Hanfelt
Assistant Vice President of Development
Senior Executive Director of Development → Assistant Vice President of Development, 2020
On filings since 2019
40 hrs/week
$129K (2019) → $188K (2025)
Rosa Unal
Vice President & Chief Info Officer
Associate Vice President & Chief Info Officer → Vice President & Chief Info Officer, 2023
On filings since 2019
40 hrs/week
$149K (2019) → $231K (2025)
Ryan Harms
Assistant Vice President of Development
Executive Director of Development → Assistant Vice President of Development, 2023
On filings since 2019
40 hrs/week
$124K (2019) → $191K (2025)
Robert Kinsey
Assistant Vice President of Development
On filings since 2020
40 hrs/week
$138K (2020) → $185K (2025)
Amy Kruzich
Assistant Vice President of Development
On filings since 2021
40 hrs/week
$143K (2021) → $193K (2025)
Emily Hager
Vice President & Chief Financial Officer
Assistant Vice President & Controller → Vice President & Chief Financial Officer, 2023
On filings since 2022
40 hrs/week
$144K (2022) → $232K (2025)
Ann Torgerson-Ross
Vice President & Chief Human Resources Officer
On filings since 2023
40 hrs/week
$204K (2023) → $228K (2025)
Mary Evanson
Assistant Vice President of Development
On filings since 2024
40 hrs/week
$170K (2024) → $181K (2025)
Craig Denny
Secretary
Director → Secretary, 2024
On filings since 2019
2 hrs/week
No compensation reported
Terry Tobin
Vice Chair
Director → Vice Chair, 2024
On filings since 2019
2 hrs/week
No compensation reported
Dana Wenstrand
Treasurer
On filings since 2023
2 hrs/week
No compensation reported
Former officers (15)
- Former: Ric Jurgens (2019–2024) — Director
- Former: Ron Hallenbeck (2019–2024) — Director
- Former: Len Rodman (2023–2024) — Director
- Former: Gary Streit (2019–2023) — Director
- Former: Kathy Howell (2019–2023) — Director
- Former: Lisa Eslinger (2019–2023) — Chief Financial & Administrator Officer · Filing note: Ended 0712022
- Former: Mark Boeck (2023) — Senior Executive Director Corp Engagement
- Former: Barbara Janson (2019–2022) — Director
- Former: James Frein (2019–2022) — Treasurer
- Former: Michael Wahlin (2019–2022) — Assistant Vice President of Investments
- Former: Steve Biever (2019–2022) — Vice President for Development · Filing note: Ended 110121
- Former: Gregg Behrens (2019–2021) — Director
- Former: Nancy Armbrust (2019–2021) — Director
- Former: Roger Underwood (2019–2021) — Director
- Former: Jenni Cushman (2019) — Senior Executive Director of Development
Data from IRS Form 990 filings, 2019–2025. "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 $547K, to Larissa Holtmyer Jones (President and CEO). 10 officers or directors reported compensation on that filing.
Frequently asked questions about Iowa State University Foundation
How much does Iowa State University Foundation give each year?
Iowa State University Foundation gave $159.2M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $165.6M across 1 grant.
How large is Iowa State University Foundation?
Iowa State University Foundation reported $2.1B in total assets on its 2025 IRS Form 990. Its revenue that year was $196.2M.
What is Iowa State University Foundation?
Iowa State University Foundation is a public charity focused on Education, based in Ames, IA. It holds $2.1B in total assets as of 2025.
Where does Iowa State University Foundation operate?
Iowa State University Foundation has awarded grants in Iowa.
What is Iowa State University Foundation's EIN?
Iowa State University Foundation's EIN (Employer Identification Number) is 42-1143702. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
- Updated Form 990 for fiscal year 2019 (received by the IRS March 5, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS April 16, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS April 26, 2023)
Explore Open Grants
Browse active grant opportunities in Iowa State University Foundation's focus areas in our free grants database
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Iowa State University 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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