Little Red Foundation

Private foundation · Grantmaker Clinton, IA EIN: 88-4217106

Little Red Foundation is a private foundation based in Clinton, Iowa. Its 2025 filing describes its direct charitable activity as providing financial support to families impacted by congenital heart disease.

Little Red Foundation at a glance

In short: Little Red Foundation gave $46K across 21 grants in 2025 (avg $2K), mostly in Wisconsin. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$45,708
+12.0% vs 2024
Grants made (2025)
21
-25.0% vs 2024
Average grant
$2,177
+49.3% vs 2024
Median grant
$1,800
Total assets
$34,309
+53.9% vs 2024
Primary geography
Wisconsin (58% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated October 2026.

How to apply to Little Red Foundation

How to Apply

The filing lists an online application. Awards are made as needed by committee.

Review Cycle
No deadline is listed.
Deadline
No deadline is listed.
Contact

Application contact: Alisse Thomas
Mailing address: 1956 Millcrest Ct, Clinton, IA 52732
Phone: (563) 249-0940

Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Who Little Red Foundation funds

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Childrens Wisconsin: $10KChildrens Wisconsin$10KUS Bank: $4KUS Bank$4KFur Property Management: $3KFur Property Management$3KRenew Rockford Rentals: $3KRenew Rockford Rentals$3KLa Michocana Rentals: $2KLa Michocana Rentals$2KGuild Mortgage: $2KGuild Mortgage$2KPMI Property Pros: $2KPMI Property Pros$2KBP: $2KBP$2KNewrez LLC: $2KNewrez LLC$2KIraaap LLC: $2KIraaap LLC$2K

The largest 2025 recipient was Childrens Wisconsin ($10K). Together the top 10 received $32K.

Grant Size Distribution

49 grants across all recorded years

49<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 49 grants of 49 (100%).

Geographic Focus

Where this funder awards grants

The 2025 grants went to recipients in Wisconsin, Iowa, Illinois, Pennsylvania, and Virginia. Wisconsin received the largest share of grant dollars.

Grant Distribution by State

5states

Share of 2025 grant dollars across all 21 itemized grants.

Cities

ClintonMadisonMilwaukeeBrookfieldCedar RapidsDowners GroveEUA ClaireFitchburgFort WashingtonGreen BayLoves ParkMilwakeeMilwaulkeeRockfordVirginia BeachWest DundeeAltoonaAtlanticBurlingtonCross Plains

How Little Red Foundation gives

  • In 2025 it paid out well above 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

$0$20K$40K$60K0 grants2023 28 grants2024 21 grants2025

From 2024 to 2025, annual grant giving ranged from $41K (2024) to $46K (2025). In 2025 it made 21 grants totaling $46K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Childrens Wisconsin Milwaukee, WIHealth Care$10,000
US Bank Clinton, IAMortgage Payments$3,596
Fur Property Management Madison, WIRENT$3,129
Renew Rockford Rentals Rockford, ILRENT$3,057
La Michocana Rentals EUA Claire, WIRENT$2,250
Guild Mortgage Cedar Rapids, IAMortgage Payment$2,216
PMI Property Pros Milwaukee, WIRENT$1,960
BP Clinton, IAGas Cards$1,866
Newrez LLC Fort Washington, PAMortgage Payments$1,865
Iraaap LLC West Dundee, ILRENT$1,850
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$34,309$72,789$60,773$45,70821$45,708$43$1,655
2024$22,292$57,775$71,731$40,81928———
2023$36,239$60,718$31,373—————

Under IRS private-foundation payout rules, Little Red Foundation reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated October 2026.

Mission & Focus Areas

The foundation’s stated direct charitable activity is providing financial support to families impacted by congenital heart disease. Its 2025 grants included payments identified for health care, rent, mortgage payments, and gas cards.

Grantmaking

In 2025, the foundation reported 21 grants totaling $45,708. Grant amounts ranged from $190 to $10,000, with a median of $1,800. The largest listed grant was $10,000 to Children’s Wisconsin in Milwaukee, Wisconsin, for health care. Other notable grants included $3,596 to US Bank for mortgage payments, $3,129 to Fur Property Management for rent, $3,057 to Renew Rockford Rentals for rent, and $2,250 to La Michocana Rentals for rent.

The filing reports that grant dollars went to recipients in Wisconsin (58%), Iowa (18%), Illinois (18%), Pennsylvania (4%), and Virginia (2%).

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists Susan Bentley as director, and Mark Thomas and Alisse Thomas as co-directors.

Little Red Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Alisse Thomas

    Co- Director

    Co Director → Co- Director, 2025

    On filings since 2023

    1 hr/week

    No compensation reported

  • Mark Thomas

    Co- Director

    Co Director → Co- Director, 2025

    On filings since 2023

    1 hr/week

    No compensation reported

  • Susan Bentley

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

Former officers (2)
  • Former: Eileen Espey (2023–2024) — Secretary
  • Former: Vicki Beckwith (2023–2024) — Treasurer

Data from IRS Form 990 filings, 2023–2025. "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 Little Red Foundation

How much does Little Red Foundation give each year?

Little Red Foundation gave $46K across 21 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $41K across 28 grants.

What is Little Red Foundation's typical grant size?

Little Red Foundation's median grant in 2025 was $1,800, and its average grant was $2,177, across 21 grants on its 2025 IRS Form 990-PF.

Where does Little Red Foundation give grants?

Little Red Foundation gives mostly in Wisconsin: 58% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Iowa (18%) and Illinois (18%). The most frequent recipient cities were Clinton, IA (3 grants), Madison, WI (3 grants) and Milwaukee, WI (2 grants).

Does Little Red Foundation give general operating support?

Not in 2025: none of the 21 grants with a stated purpose on Little Red Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Rent" (12 grants).

Who are Little Red Foundation's largest grantees?

Little Red Foundation's largest 2025 grantees include Childrens Wisconsin ($10,000), US Bank ($3,596) and Fur Property Management ($3,129), according to its 2025 IRS Form 990-PF. Together they received 37% of its itemized 2025 grant dollars.

How large is Little Red Foundation?

Little Red Foundation reported $34K in total assets on its 2025 IRS Form 990-PF. It paid out $46K in qualifying distributions that year, against a required minimum of $2K (roughly 5% of its investment assets).

What does Little Red Foundation fund?

The foundation’s stated direct charitable activity is providing financial support to families impacted by congenital heart disease. Its 2025 grants included payments identified for health care, rent, mortgage payments, and gas cards. See mission & focus areas ↑

How do I apply for a grant from Little Red Foundation?

The filing lists an online application. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Little Red Foundation's EIN?

Little Red Foundation's EIN (Employer Identification Number) is 88-4217106. IRS Form 990 filing data is available on this page for 2023–2025.

Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.

Data update history

(2)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS May 29, 2026)
  2. IRS filings on file for fiscal years 2023–2024

Live grants for the work Little Red Foundation funds

Diseases, Disorders & Medical Disciplines Open opportunities, soonest deadline first.

Explore Open Grants

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Little Red 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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