Mary Lou Salisbury Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OSAGE, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $376K in total assets. In 2024, it awarded 2 grants totaling $15K. Net investment income was $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$376K
-2.8% YoY
Annual Giving
$15K
-22.2% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$8K
+16.6% YoY
Under IRS private-foundation payout rules, Mary Lou Salisbury Foundation reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
About Mary Lou Salisbury Foundation
Based on IRS filings
Mary Lou Salisbury Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OSAGE, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $376K in total assets. In 2024, it awarded 2 grants totaling $15K. Net investment income was $17K.
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 | $375,853 | $386,855 | $439,335 |
| Revenue | $17,154 | $11,867 | $9,853 |
| Expenses | $28,156 | $19,611 | $32,527 |
| Qualifying Distributions | $20,456 | — | $24,364 |
| Net Investment Income | $17,125 | $4,605 | $1,690 |
| Distributable Amount | $20,046 | $19,524 | $20,705 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cresco Dollars For Scholars ($10,228), Cresco Public Library ($5,114).
| Recipient | Purpose | Amount |
|---|---|---|
| Cresco Dollars For Scholars Cresco, IA | Provides college scholarships | $10,228 |
| Cresco Public Library Cresco, IA | Provides public library services to citizens | $5,114 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Brian McPhail | Trustee | 1 | $950 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mary Lou Salisbury Foundation?
Mary Lou Salisbury Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OSAGE, IA. It holds $376K in total assets as of 2024.
How large is Mary Lou Salisbury Foundation?
As of 2024, Mary Lou Salisbury Foundation holds $376K in total assets with $17K in annual revenue. It awarded 2 grants totaling $15K in 2024.
Where does Mary Lou Salisbury Foundation operate?
Mary Lou Salisbury Foundation has awarded grants in Iowa.
What size grants does Mary Lou Salisbury Foundation award?
In 2024, Mary Lou Salisbury Foundation awarded 2 grants totaling $15K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Mary Lou Salisbury Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mary Lou Salisbury Foundation reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mary Lou Salisbury Foundation's EIN?
Mary Lou Salisbury Foundation's EIN (Employer Identification Number) is 20-5504801. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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