Kofoed Foundation

Private foundation · Grantmaker West Branch, IA EIN: 42-1474339

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

1state

Share of all 6 itemized 2026 grant dollars.

States

Cities

West BranchElk HornTipton

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K4 grants20212 grants20223 grants20234 grants20243 grants20256 grants2026

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

Hoover Presidential Foundation: $100KHoover Presidential Foundation$100KMuseum of Danish America: $82KMuseum of Danish America$82KWest Branch United Methodist Church: $10KWest Branch United MethodistChurch$10KWest Branch Lions Club: $10KWest Branch Lions Club$10KWest Branch Heritage Museum: $2KWest Branch Heritage Museum$2KWest Branch Firefighters: $250West Branch Firefighters$250

The largest 2026 recipient was Hoover Presidential Foundation ($100K). Together the top 6 received $204K.

Grant Size Distribution

18 grants across all recorded years

14<$50K2$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 14 grants of 18 (78%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Hoover Presidential Foundation West Branch, IAPresidential Exhibits$100,000
Museum of Danish America Elk Horn, IAHistorycultural Museum$82,000
West Branch United Methodist Church West Branch, IAReligious$10,000
West Branch Lions Club West Branch, IALocal Civic Organization Legacy Project$10,000
West Branch Heritage Museum West Branch, IALocal History Museum$2,000
West Branch Firefighters West Branch, IAOperating$250

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K202120222023202420252026
Metric202620252024
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

  1. Updated Form 990-PF for fiscal year 2021 (received by the IRS September 13, 2021)
  2. Updated Form 990-PF for fiscal year 2022 (received by the IRS July 20, 2022)
  3. Updated Form 990-PF for fiscal year 2023 (received by the IRS August 3, 2023)
  4. Updated Form 990-PF for fiscal year 2024 (received by the IRS June 7, 2024)
  5. Updated Form 990-PF for fiscal year 2025 (received by the IRS July 22, 2025)
  6. Added Form 990-PF for fiscal year 2026 (received by the IRS August 13, 2026)
  7. 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.

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