Life Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in IOWA FALLS, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $69K in total assets. In 2024, it awarded 10 grants totaling $49K. Net investment income was $127.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$69K
+16.8% YoY
Annual Giving
$49K
+15.6% YoY
Grant Count
10
-16.7% YoY
Avg Grant Size
$5K
+38.7% YoY
Under IRS private-foundation payout rules, Life Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
About Life Foundation
Based on IRS filings
Life Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in IOWA FALLS, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $69K in total assets. In 2024, it awarded 10 grants totaling $49K. Net investment income was $127.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $69,379 | $59,380 | $52,462 |
| Revenue | $60,127 | $50,122 | $30,056 |
| Expenses | $50,128 | $43,203 | $30,799 |
| Qualifying Distributions | $49,275 | $42,640 | $30,535 |
| Net Investment Income | $127 | $122 | $56 |
| Distributable Amount | $2,400 | $2,271 | $2,353 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
57 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include First Christian Church ($15,300), Diamond Willow Ministries ($15,000), Mashiah Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN LUNG ASSOC IN IOWA PHILADELPHIS, PA | GIFT | $25 |
| DIAMOND WILLOW MINISTRIES FORT THOMPSON, SD | GIFT | $15,000 |
| FIRST CHRISTIAN CHURCH IOWA FALLS, IA | GIFT | $15,300 |
| LIGHT HOUSE CENTER OF HOPE IOWA FALLS, IA | GIFT | $1,750 |
| MAKE-A-WISH IOWA URBANDALE, IA | GIFT | $500 |
| MASHIAH FOUNDATION HUTCHINSON, MN | GIFT | $10,000 |
| OYATE CONCERN INC OGLALA, SD | GIFT | $3,000 |
| SCENIC CITY CIVIC FOUNDATION IOWA FALLS, IA | GIFT | $1,000 |
| ST PATRICK'S CENTER WILMINGTON, DE | GIFT | $200 |
| SUMMIT MINISTRIES MANIFTOU SPRINGS, CO | GIFT | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH LONGOBARDI | PRES/DIR | 8 | — |
| ANN C LONGOBARDI | VP/DIR | 2 | — |
| PETER LONGOBARDI | DIRECTOR | 1 | — |
| JOSEPH M LONGOBARDI | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Life Foundation?
Life Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in IOWA FALLS, IA. It holds $69K in total assets as of 2024.
How large is Life Foundation?
As of 2024, Life Foundation holds $69K in total assets with $60K in annual revenue. It awarded 10 grants totaling $49K in 2024.
Where does Life Foundation operate?
Life Foundation has awarded grants in California, Colorado, District of Columbia, Delaware, Florida, Iowa, Michigan, Minnesota, New York, Pennsylvania, South Dakota, Tennessee.
What size grants does Life Foundation award?
In 2024, Life Foundation awarded 10 grants totaling $49K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Life Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Life Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Life Foundation's EIN?
Life Foundation's EIN (Employer Identification Number) is 26-2512444. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Life Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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