Margaret L Prahm Kephart Charitable Tr
MARGARET L PRAHM KEPHART CHARITABLE is a private foundation based in Independence, Iowa. In its 2025 filing, it reported giving $120,111 through 10 grants to charitable organizations.
Key facts about Margaret L Prahm Kephart Charitable Tr
In short: Margaret L Prahm Kephart Charitable Tr gave $120K across 10 grants in 2025 (avg $12K), mostly in Iowa. 0% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 84-6958074
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $120,111
- Grants made (2025)
- 10
- Average grant
- $12,011
- Median grant
- $11,011
- New grantees (estimate)
- 0% first-time grantees (0 of 10, 2025; small sample)
- Total assets
- $2,736,142
- Primary geography
- Iowa (91% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.7M
+5.4% YoY
Annual Giving
$120K
-5.2% YoY
Grant Count
10
+0.0% YoY
Avg Grant Size
$12K
-5.2% YoY
Under IRS private-foundation payout rules, Margaret L Prahm Kephart Charitable Tr reported a distributable amount of $129K for 2025 — the minimum it must pay out in qualifying distributions.
Is Margaret L Prahm Kephart Charitable Tr open to new grantees?
0%
first-time grantees, 2025
In 2025, 0 of 10 grantees (0%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. How we count
- 100% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−16%). Method
- In 2025 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants show support for scholarship funds and organizations working in areas including history, tourism, libraries, health care, hospice care, and religious life.
Cedar Valley Hospice describes its mission as providing leadership and setting standards for comprehensive palliative and end-of-life care, as well as services to people who grieve. Buchanan County Health Trust describes its mission as ensuring that all citizens maintain access to quality health care.
Grantmaking
In 2025, the foundation awarded 10 grants totaling $120,111. Grants ranged from $10,000 to $14,682, with a median grant of $11,011.
Notable 2025 grants included $14,682 each to Independence Area Dollar for Scholars and Jesup Dollars for Scholars for their scholarship funds, and $14,681 to East Buchanan Funds for the Future for its general fund. Other grants included $11,011 each to Buchanan County Historical Society, Buchanan County Tourism Bureau, Independence Public Library Foundation, First Presbyterian Church, Cedar Valley Hospice, and St. Jude’s Children’s Hospital. Buchanan County Health Trust received $10,000 for equipment in a long-term care center.
How to Apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with Margaret L Prahm Kephart Charitable Tr?
Geographic Focus
Where this funder awards grants
In 2025, 91% of grant dollars went to recipients in Iowa and 9% to recipients in Tennessee.
Grant Distribution by State
Share of 2025 grant dollars across all 10 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $50K (2021) to $143K (2022). In 2025 it made 10 grants totaling $120K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Independence Area Dollar for Schola ($15K). Together the top 10 received $120K.
Grant Size Distribution
50 grants across all recorded years
The most common grant size was under $50K: 50 grants of 50 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Independence Area Dollar for Schola Independence, IA | Contribution to Scholar Fund | $14,682 |
| Jesup Dollars for Scholars Jesup, IA | Contribution to Scholar Fund | $14,682 |
| East Buchanan Funds for the Future Winthrop, IA | Contribution to General Fund | $14,681 |
| Buchanan County Historical Society Independence, IA | Contribution to General Fund | $11,011 |
| Buchanan County Tourism Bureau Independence, IA | Contribution to General Fund | $11,011 |
| Independence Public Library Foundat Independence, IA | Contribution to General Funds | $11,011 |
| First Presbyterian Church Independence, IA | Contribution to General Fund | $11,011 |
| Cedar Valley Hospice Cedar Falls, IA | Contribution to General Fund | $11,011 |
| St Judes Childrens Hospital Memphis, TN | Contribution to General Fund | $11,011 |
| Buchanan County Health Trust Inc Independence, IA | Contribution to Equip in LT Care Cen | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $2,736,142 | $130,741 | $144,428 | $120,111 |
| 2024 | $2,594,821 | $103,959 | $149,264 | $126,654 |
| 2023 | $2,558,799 | $52,794 | $150,907 | $126,462 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,736,142 | $2,594,821 | $2,558,799 |
| Revenue | $130,741 | $103,959 | $52,794 |
| Expenses | $144,428 | $149,264 | $150,907 |
| Qualifying Distributions | $120,111 | $126,654 | $126,462 |
| Net Investment Income | $128,391 | $81,349 | $47,365 |
| Distributable Amount | $128,694 | $126,111 | $120,654 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Roger Main as trustee.
Margaret L Prahm Kephart Charitable Tr is led by Roger Main, Trustee on every filing since 2020 — the only officer listed, and compensated.
Officers on the 2025 filing
Roger Main
Trustee
On filings since 2020
$1K (2020) → $1K (2025)
Former officers (1)
- Former: Ralph Kephart (2020–2022) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $1K, to Roger Main (Trustee).
Contact
Mailing address: 230 1St St E, Independence, IA 50644
Phone: (319) 334-7181
Frequently asked questions about Margaret L Prahm Kephart Charitable Tr
How much does Margaret L Prahm Kephart Charitable Tr give each year?
Margaret L Prahm Kephart Charitable Tr gave $120K across 10 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $127K across 10 grants.
What is Margaret L Prahm Kephart Charitable Tr's typical grant size?
Margaret L Prahm Kephart Charitable Tr's median grant in 2025 was $11,011, and its average grant was $12,011, across 10 grants on its 2025 IRS Form 990-PF.
Where does Margaret L Prahm Kephart Charitable Tr give grants?
Margaret L Prahm Kephart Charitable Tr gives mostly in Iowa: 91% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Tennessee (9%). The most frequent recipient cities were Independence, IA (6 grants).
Does Margaret L Prahm Kephart Charitable Tr give general operating support?
Yes: 70% of Margaret L Prahm Kephart Charitable Tr's 2025 grants with a stated purpose (7 of 10) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Margaret L Prahm Kephart Charitable Tr's largest grantees?
Margaret L Prahm Kephart Charitable Tr's largest 2025 grantees include Independence Area Dollar for Schola ($14,682), Jesup Dollars for Scholars ($14,682) and East Buchanan Funds for the Future ($14,681), according to its 2025 IRS Form 990-PF. Together they received 37% of its itemized 2025 grant dollars.
How large is Margaret L Prahm Kephart Charitable Tr?
Margaret L Prahm Kephart Charitable Tr reported $2.7M in total assets on its 2025 IRS Form 990-PF. It paid out $120K in qualifying distributions that year, against a required minimum of $129K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Margaret L Prahm Kephart Charitable Tr fund?
No mission statement for the foundation is provided. Its 2025 grants show support for scholarship funds and organizations working in areas including history, tourism, libraries, health care, hospice care, and religious life. See mission & focus areas ↑
How do I apply for a grant from Margaret L Prahm Kephart Charitable Tr?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Margaret L Prahm Kephart Charitable Tr's EIN?
Margaret L Prahm Kephart Charitable Tr's EIN (Employer Identification Number) is 84-6958074. IRS Form 990 filing data is available on this page for 2020–2025.
Does Margaret L Prahm Kephart Charitable Tr accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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