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.
Key facts about Kofoed Foundation
In short: Kofoed Foundation gave $204K across 6 grants in 2026 (avg $34K), mostly in Iowa. Source: 2026 IRS Form 990-PF.
- EIN
- 42-1474339
- Latest 990 filing
- Form 990-PF, 2026
- Annual giving (2026)
- $204,250
- Grants made (2026)
- 6
- Average grant
- $34,042
- Median grant
- $10,000
- Total assets
- $339,692
- Primary geography
- Iowa (100% of itemized 2026 grant dollars)
Data from IRS Form 990-PF, 2026; updated September 2026.
Financial Overview
From 2026 IRS Form 990-PF · View filing
Total Assets
$340K
-24.8% YoY
Annual Giving
$204K
+40.4% YoY
Grant Count
6
+100.0% YoY
Avg Grant Size
$34K
-29.8% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 6 itemized 2026 grant dollars.
States
Cities
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.
Grant Insights
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%).
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2026 | 2025 | 2024 |
|---|---|---|---|
| Total Assets | $339,692 | $451,483 | $532,915 |
| Revenue | $95,037 | $65,730 | $23,200 |
| Expenses | $206,828 | $147,162 | $101,401 |
| Qualifying Distributions | $204,250 | $145,500 | $99,500 |
| Net Investment Income | $92,459 | $65,730 | $23,200 |
| Distributable Amount | $33,718 | $39,841 | $39,500 |
Data update history
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
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.
Here's the math on researching Kofoed Foundation by hand.
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