Kofoed Foundation
Kofoed Foundation is a private foundation, based in West Branch, IA. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $340K in total assets. In 2026, it awarded 6 grants totaling $204K. Net investment income was $92K.
Kofoed Foundation at a glance
In short: Kofoed Foundation gave $204K across 6 grants in 2026 (avg $34K), mostly in Iowa. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $204,250
- +40.4% vs 2025
- Grants made (2026)
- 6
- +100.0% vs 2025
- Average grant
- $34,042
- -29.8% vs 2025
- Median grant
- $10,000
- Total assets
- $339,692
- -24.8% vs 2025
- Primary geography
- Iowa (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Kofoed Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2026
The largest 2026 recipient was Hoover Presidential Foundation ($100K). Together the top 6 received $204K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 14 grants of 18 (78%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 6 itemized grants.
States
Cities
How Kofoed Foundation gives
- Giving grew 326% from 2023 to 2026. Method
- In 2026 it paid out 606% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2026, annual grant giving ranged from $36K (2022) to $204K (2026). In 2026 it made 6 grants totaling $204K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hoover Presidential Foundation West Branch, IA | Presidential Exhibits | $100,000 |
| Museum of Danish America Elk Horn, IA | Historycultural Museum | $82,000 |
| West Branch United Methodist Church West Branch, IA | Religious | $10,000 |
| West Branch Lions Club West Branch, IA | Local Civic Organization Legacy Project | $10,000 |
| West Branch Heritage Museum West Branch, IA | Local History Museum | $2,000 |
| West Branch Firefighters West Branch, IA | Operating | $250 |
Ready to take the next step with Kofoed Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $339,692 | $95,037 | $206,828 | $204,250 | 6 | $204,250 | $92,459 | $33,718 |
| 2025 | $451,483 | $65,730 | $147,162 | $145,500 | 3 | $145,500 | $65,730 | $39,841 |
| 2024 | $532,915 | $23,200 | $101,401 | $99,500 | 4 | $99,500 | $23,200 | $39,500 |
| 2023 | $611,116 | $17,097 | $49,703 | $48,000 | 3 | $48,000 | $17,097 | $39,894 |
| 2022 | $643,722 | $304,921 | $37,602 | $35,540 | 2 | $35,540 | $27,592 | $43,421 |
| 2021 | $376,403 | $206,179 | $58,922 | $56,640 | 4 | — | $59,949 | $36,927 |
Under IRS private-foundation payout rules, Kofoed Foundation reported a distributable amount of $34K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Kofoed Foundation is led by Karen K. Suchomel, President on every filing since 2021; none of the 3 officers listed in 2026 report compensation.
Officers on the 2026 filing
Karen K. Suchomel
President
On filings since 2021
1 hr/week
No compensation reported
Chris J. Kofoed
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Laurie A. Dauber
Secretary
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2026. "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 Kofoed Foundation
How much does Kofoed Foundation give each year?
Kofoed Foundation gave $204K across 6 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $146K across 3 grants.
What is Kofoed Foundation's typical grant size?
Kofoed Foundation's median grant in 2026 was $10,000, and its average grant was $34,042, across 6 grants on its 2026 IRS Form 990-PF.
Where does Kofoed Foundation give grants?
Kofoed Foundation gives mostly in Iowa: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were West Branch, IA (5 grants).
Does Kofoed Foundation give general operating support?
Yes: 17% of Kofoed Foundation's 2026 grants with a stated purpose (1 of 6) were for general or operating support, per its 2026 IRS Form 990-PF.
Who are Kofoed Foundation's largest grantees?
Kofoed Foundation's largest 2026 grantees include Hoover Presidential Foundation ($100,000), Museum of Danish America ($82,000) and West Branch United Methodist Church ($10,000), according to its 2026 IRS Form 990-PF. Together they received 94% of its itemized 2026 grant dollars.
How large is Kofoed Foundation?
Kofoed Foundation reported $340K in total assets on its 2026 IRS Form 990-PF. It paid out $204K in qualifying distributions that year, against a required minimum of $34K (roughly 5% of its investment assets).
What is Kofoed Foundation's EIN?
Kofoed Foundation's EIN (Employer Identification Number) is 42-1474339. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 13, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 20, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 3, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 7, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS July 22, 2025)
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 13, 2026)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Kofoed Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Kofoed Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
The Herbert Hoover Foundation Inc
Cedar Rapids, IA
Assets
$5.6M
Grants
3
Total Given
$220K
Edward a and Mary W Howes
Greenville, SC
Assets
$82K
Grants
4
Total Given
$4K
Herbert L and Nancy M Townsend
Muscatine, IA
The foundation supports Iowa education facilities and scholarships, camps, fairs, childcare, and other local community needs. Its 2025 grants ranged from $2,500 to $798,697, with a median of $22,500. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$21.6M
Grants
10
Total Given
$1.3M
Edith Curtis Armstrong and Florence E Curtis Foundation
Fulton, IL
The foundation supports a range of community needs, including food pantries, youth services, arts, historic preservation, building improvements, and operations. Its 2024 grants ranged from $1,000 to $15,000, with a median of $5,000, and went to organizations in Iowa and Illinois; it gives preference to organizations in the Clinton area. It accepts unsolicited requests, with no special form or deadline; applicants should state the amount requested and the need for funds.
Assets
$863K
Grants
11
Total Given
$67K
Stephen Warren Miles & Marilyn Ross
Houston, TX
The foundation supports educational and cultural organizations and other causes, primarily in Texas, with additional grants in California, New York, Tennessee, and Michigan. In 2024, it awarded 11 grants ranging from $100 to $10,250, with a median of $2,000. It accepts unsolicited requests; no deadline is listed.
Assets
$2.6M
Grants
11
Total Given
$38K
Margaret CB & S Spencer N Brown
Temple, TX
The foundation supports maintenance of three historical cemeteries and gives to charities working in areas such as food assistance, homelessness, history, arts, and human trafficking response. In 2025, grants ranged from $1,000 to $50,000, with a median of $5,000; most funding went to Texas, followed by Washington, Virginia, and Mississippi. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$4.4M
Grants
18
Total Given
$163K
More similar funders
More Funders in Iowa
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Kofoed 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.
Kofoed Foundation down — hundreds of funders to go?