McCommons-Korlick Memorial Trust
McCommons-Korlick Memorial Trust is a private foundation focused on Education, based in Cedar Falls, IA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $223K in total assets. In 2024, it awarded 6 grants totaling $17K. Net investment income was $8K.
McCommons-Korlick Memorial Trust at a glance
In short: McCommons-Korlick Memorial Trust gave $17K across 6 grants in 2024 (avg $3K), mostly in Iowa. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $16,500
- +0.0% vs 2023
- Grants made (2024)
- 6
- +50.0% vs 2023
- Average grant
- $2,750
- -33.3% vs 2023
- Median grant
- $2,625
- Total assets
- $222,641
- -5.4% vs 2023
- Primary geography
- Iowa (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who McCommons-Korlick Memorial Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Megan Cooley ($3K). Together the top 5 received $14K.
Organizations only. It also paid 1 grant to individuals ($2,750), which are not listed by name.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
How McCommons-Korlick Memorial Trust gives
- Giving held roughly steady from 2021 to 2024 (+6%). Method
- In 2024 it paid out 128% of 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
From 2019 to 2024, annual grant giving ranged from $16K (2021) to $25K (2019). In 2024 it made 6 grants totaling $17K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Megan Cooley Grundy Center, IA | Assisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice. | $3,250 |
| Madison Resendez Hudson, IA | Assisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice. | $3,250 |
| 1 grant to individuals Recipients not named | — | $2,750 |
| Lauren Boyer Reinbeck, IA | Assisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice. | $2,500 |
| Shelby Brubaker Reinbeck, IA | Assisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice. | $2,500 |
| Stephanie Kehoe Iowa City, IA | Assisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice. | $2,250 |
Ready to take the next step with McCommons-Korlick Memorial Trust?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $222,641 | $8,035 | $20,633 | $16,500 | 6 | $16,500 | $8,035 | $12,853 |
| 2023 | $235,238 | $8,423 | $20,268 | $16,500 | 4 | $16,500 | $8,423 | $11,625 |
| 2022 | $247,084 | $7,782 | $19,930 | $16,000 | 4 | $16,000 | $7,881 | $11,419 |
| 2021 | $259,232 | $8,086 | $19,750 | $15,600 | 2 | $15,600 | $8,086 | $11,638 |
| 2020 | $270,855 | $8,285 | $22,095 | $18,300 | 4 | — | $8,285 | $15,459 |
| 2019 | $284,665 | $7,763 | $29,233 | $25,200 | 6 | — | $9,120 | $16,327 |
Under IRS private-foundation payout rules, McCommons-Korlick Memorial Trust reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
McCommons-Korlick Memorial Trust's only listed officer is Lincoln Savings Bank, Trustee on every filing since 2019 (uncompensated).
Officers on the 2024 filing
Lincoln Savings Bank
Trustee
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 McCommons-Korlick Memorial Trust
How much does McCommons-Korlick Memorial Trust give each year?
McCommons-Korlick Memorial Trust gave $17K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $17K across 4 grants.
What is McCommons-Korlick Memorial Trust's typical grant size?
McCommons-Korlick Memorial Trust's median grant in 2024 was $2,625, and its average grant was $2,750, across 6 grants on its 2024 IRS Form 990-PF.
Where does McCommons-Korlick Memorial Trust give grants?
McCommons-Korlick Memorial Trust gives mostly in Iowa: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Reinbeck, IA (2 grants).
Does McCommons-Korlick Memorial Trust give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on McCommons-Korlick Memorial Trust's 2024 IRS Form 990-PF were described as general or operating support.
Who are McCommons-Korlick Memorial Trust's largest grantees?
McCommons-Korlick Memorial Trust's largest 2024 grantees include Megan Cooley ($3,250), Madison Resendez ($3,250) and Lauren Boyer ($2,500), according to its 2024 IRS Form 990-PF. It also paid 1 grant to individuals ($2,750), which are not listed by name. Together they received 55% of its itemized 2024 grant dollars.
How large is McCommons-Korlick Memorial Trust?
McCommons-Korlick Memorial Trust reported $223K in total assets on its 2024 IRS Form 990-PF. It paid out $17K in qualifying distributions that year, against a required minimum of $13K (roughly 5% of its investment assets).
What is McCommons-Korlick Memorial Trust?
McCommons-Korlick Memorial Trust is a private foundation focused on Education, based in Cedar Falls, IA. It holds $223K in total assets as of 2024.
What is McCommons-Korlick Memorial Trust's EIN?
McCommons-Korlick Memorial Trust's EIN (Employer Identification Number) is 42-1197971. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 19, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 9, 2025)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work McCommons-Korlick Memorial Trust funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in McCommons-Korlick Memorial Trust's focus areas in our free grants database
Similar Funders
Similar funders in Iowa
Community Fdn of Greater Des Moines F/K/a Greater Des Moines Community Fdn
Des Moines, IA
The Community Foundation of Greater Des Moines supports projects that improve quality of life in Greater Des Moines, including housing and transportation access, health, economic opportunity, inclusive communities, and nonprofit capacity-building. Its 2024 itemized grants had a median of about $12,900, though awards ranged from roughly $5,000 to $7.34 million.
Assets
$918.7M
Grants
1,259
Total Given
$55.7M
Pella Rolscreen Foundation
Pella, IA
The Pella Rolscreen Foundation supports charitable organizations working in education and community betterment, including civic, cultural, social, and physical-environment programs in communities where Pella Corporation employees live. Large grants generally range from $10,000 to $50,000 and typically cover no more than 25% of project costs; its 2024 grants had a median of $1,029. It accepts unsolicited requests from eligible 501(c)(3) nonprofits and government entities in communities where Pella has manufacturing plants.
Assets
$22.4M
Grants
433
Total Given
$1.9M
Prairie Meadows Race Track and Casino Inc
Altoona, IA
Prairie Meadows supports Iowa nonprofits in arts and culture, education, economic development, human services, and youth sports and recreation; Legacy grants focus on large-scale projects in central Iowa. Its programs offer $100–$1 million for Legacy, $100–$99,999 for Community Betterment, and $1,000–$50,000 for Youth Sports and Recreation. It accepts applications through its online system; the 2026 deadline was February 27, 2026, and has passed.
Assets
$327.6M
Grants
409
Total Given
$33.0M
Iowa Health Care Association Foundation
West Des Moines, IA
The Iowa Health Care Association Foundation funds scholarships and career-education resources for employees of member long-term-care organizations and Iowa high school students pursuing long-term-care careers. Its typical giving level varies: it awarded 287 grants totaling about $4.1 million in 2024, and the listed high school scholarship is $2,000. Its programs focus on Iowa; the profile does not state whether it accepts unsolicited requests.
Assets
$329K
Grants
287
Total Given
$4.1M
Quad Cities Community Foundation
Bettendorf, IA
Quad Cities Community Foundation funds nonprofit operations and programs across areas including education, health, arts and culture, community development, youth, and the environment, primarily in Rock Island County, Illinois, and Scott County, Iowa, with some service to surrounding counties. Its 2024 grants had a median of $15,000; its Operations and Programs Grants program lists requests of $5,000–$20,000.
Assets
$209.7M
Grants
263
Total Given
$7.5M
Dupaco RW Hoefer Foundation
Dubuque, IA
The Dupaco RW Hoefer Foundation supports education, charitable work, and organizations or causes that enhance quality of life, with most 2025 grant dollars going to Iowa, followed by Florida, Wisconsin, and Illinois. Grants ranged from $100 to $100,000, with a median of $1,000. It directs applicants to a grant application form and says it does not restrict giving to preselected organizations.
Assets
$10.2M
Grants
141
Total Given
$440K
More similar funders
More Funders in Iowa
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from McCommons-Korlick Memorial Trust'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.
McCommons-Korlick Memorial Trust down — hundreds of funders to go?