Margaret L Prahm Kephart Charitable

INDEPENDENCE, IA EIN: 84-6958074

Margaret L Prahm Kephart Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDEPENDENCE, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 10 grants totaling $127K. Net investment income was $81K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.6M

+1.4% YoY

Annual Giving

$127K

+0.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$13K

+0.2% YoY

Under IRS private-foundation payout rules, Margaret L Prahm Kephart Charitable reported a distributable amount of $126K for 2024 — the minimum it must pay out in qualifying distributions.

About Margaret L Prahm Kephart Charitable

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Iowa $405K (91%)

Tennessee $41K (9%)

States

Iowa Tennessee

Cities

Cedar FallsIndependenceJesupMemphisWinthrop

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,594,821	$2,558,799	$2,445,513
Revenue	$103,959	$52,794	$122,338
Expenses	$149,264	$150,907	$169,131
Qualifying Distributions	$126,654	$126,462	$142,598
Net Investment Income	$81,349	$47,365	$97,219
Distributable Amount	$126,111	$120,654	$126,467

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

40 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Independence Area Dollar for Schola ($15,554), Jesup Dollars for Scholars ($15,554), East Buchanan Funds for the Future ($15,554).

Recipient	Purpose	Amount
INDEPENDENCE AREA DOLLAR FOR SCHOLA INDEPENDENCE, IA	CONTRIBUTION TO SCHOLAR FUND	$15,554
JESUP DOLLARS FOR SCHOLARS JESUP, IA	CONTRIBUTION TO SCHOLAR FUND	$15,554
BUCHANAN COUNTY HISTORICAL SOCIETY INDEPENDENCE, IA	CONTRIBUTION TO GENERAL FUND	$11,665
BUCHANAN COUNTY TOURISM BUREAU INDEPENDENCE, IA	CONTRIBUTION TO GENERAL FUND	$11,665
INDEPENDENCE PUBLIC LIBRARY FOUNDAT INDEPENDENCE, IA	CONTRIBUTION TO GENERAL FUNDS	$11,665
EAST BUCHANAN FUNDS FOR THE FUTURE WINTHROP, IA	CONTRIBUTION TO GENERAL FUND	$15,554
BUCHANAN COUNTY HEALTH TRUST INC INDEPENDENCE, IA	CONTRIBUTION TO EQUIP IN LT CARE CEN	$10,000
FIRST PRESBYTERIAN CHURCH INDEPENDENCE, IA	CONTRIBUTION TO GENERAL FUND	$11,665
CEDAR VALLEY HOSPICE CEDAR FALLS, IA	CONTRIBUTION TO GENERAL FUND	$11,666
ST JUDES CHILDRENS HOSPITAL MEMPHIS, TN	CONTRIBUTION TO GENERAL FUND	$11,666

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ROGER MAIN	TRUSTEE	—	$1,000

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Margaret L Prahm Kephart Charitable?

Margaret L Prahm Kephart Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDEPENDENCE, IA. It holds $2.6M in total assets as of 2024.

How large is Margaret L Prahm Kephart Charitable?

As of 2024, Margaret L Prahm Kephart Charitable holds $2.6M in total assets with $104K in annual revenue. It awarded 10 grants totaling $127K in 2024.

Where does Margaret L Prahm Kephart Charitable operate?

Margaret L Prahm Kephart Charitable has awarded grants in Iowa, Tennessee.

What size grants does Margaret L Prahm Kephart Charitable award?

In 2024, Margaret L Prahm Kephart Charitable awarded 10 grants totaling $127K — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is Margaret L Prahm Kephart Charitable required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Margaret L Prahm Kephart Charitable reported a distributable amount of $126K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Margaret L Prahm Kephart Charitable's EIN?

Margaret L Prahm Kephart Charitable's EIN (Employer Identification Number) is 84-6958074. IRS Form 990 filing data is available on this page for 2020–2024.