McLeod Charitable Foundation Inc
McLeod Charitable Foundation Inc is a private foundation focused on Education, based in Marion, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.0M in total assets. In 2025, it awarded 6 grants totaling $154K. Net investment income was $40K.
McLeod Charitable Foundation Inc at a glance
In short: McLeod Charitable Foundation Inc gave $154K across 6 grants in 2025 (avg $26K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $154,000
- +53.2% vs 2024
- Grants made (2025)
- 6
- -53.8% vs 2024
- Average grant
- $25,667
- +232.0% vs 2024
- Median grant
- $22,000
- Total assets
- $2,021,658
- -4.3% vs 2024
- Primary geography
- Iowa (97% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who McLeod Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Monarch Research Project ($70K). Together the top 6 received $154K.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 35 grants of 38 (92%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How McLeod Charitable Foundation Inc gives
- Giving grew 107% from 2022 to 2025. Method
- In 2025 it paid out 102% 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 2025, annual grant giving ranged from $27K (2023) to $154K (2025). In 2025 it made 6 grants totaling $154K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Monarch Research Project Cedar Rapids, IA | General Purposes | $70,000 |
| Cedar Rapids Community Schools Cedar Rapids, IA | General Purposes | $25,000 |
| Iowa Natural Heritage Foundation Des Moines, IA | General Purposes | $24,000 |
| Theatre Cedar Rapids Cedar Rapids, IA | General Purposes | $20,000 |
| American Cancer Society Iowa City, IA | General Purpose | $10,000 |
| Monarch Watch Lawrence, KS | General Purposes | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,021,658 | $83,805 | $174,141 | $154,000 | 6 | $154,000 | $39,540 | $151,724 |
| 2024 | $2,111,994 | $708,405 | $109,814 | $100,500 | 13 | $100,500 | $668,275 | $95,879 |
| 2023 | $1,513,403 | $-2,060 | $34,846 | $27,000 | 5 | $27,000 | $18,629 | $68,132 |
| 2022 | $1,550,309 | $27,275 | $83,962 | $74,450 | 8 | $74,450 | $18,013 | $71,512 |
| 2021 | $1,606,996 | $107,283 | $78,400 | $70,000 | 6 | $70,000 | $98,891 | $78,208 |
| 2020 | $1,578,113 | $-8,455 | $45,378 | $37,000 | 5 | — | $10,251 | $68,702 |
| 2019 | $1,631,946 | $14,614 | $89,691 | $72,800 | 6 | — | $17,511 | $72,685 |
Under IRS private-foundation payout rules, McLeod Charitable Foundation Inc reported a distributable amount of $152K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
McLeod Charitable Foundation Inc is led by Clark E. McLeod, President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Clark E. McLeod
President
On filings since 2019
1 hr/week
No compensation reported
Mary E. McLeod
Director
Treasurer → Director, 2024
On filings since 2019
1 hr/week
No compensation reported
Steve Knapp
Treasurer
Foundation Manager → Treasurer, 2024
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 McLeod Charitable Foundation Inc
How much does McLeod Charitable Foundation Inc give each year?
McLeod Charitable Foundation Inc gave $154K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $101K across 13 grants.
What is McLeod Charitable Foundation Inc's typical grant size?
McLeod Charitable Foundation Inc's median grant in 2025 was $22,000, and its average grant was $25,667, across 6 grants on its 2025 IRS Form 990-PF.
Where does McLeod Charitable Foundation Inc give grants?
McLeod Charitable Foundation Inc gives mostly in Iowa: 97% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cedar Rapids, IA (3 grants).
Does McLeod Charitable Foundation Inc give general operating support?
Yes: 100% of McLeod Charitable Foundation Inc's 2025 grants with a stated purpose (6 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are McLeod Charitable Foundation Inc's largest grantees?
McLeod Charitable Foundation Inc's largest 2025 grantees include Monarch Research Project ($70,000), Cedar Rapids Community Schools ($25,000) and Iowa Natural Heritage Foundation ($24,000), according to its 2025 IRS Form 990-PF. Together they received 77% of its itemized 2025 grant dollars.
How large is McLeod Charitable Foundation Inc?
McLeod Charitable Foundation Inc reported $2.0M in total assets on its 2025 IRS Form 990-PF. It paid out $154K in qualifying distributions that year, against a required minimum of $152K (roughly 5% of its investment assets).
What is McLeod Charitable Foundation Inc?
McLeod Charitable Foundation Inc is a private foundation focused on Education, based in Marion, IA. It holds $2.0M in total assets as of 2025.
What is McLeod Charitable Foundation Inc's EIN?
McLeod Charitable Foundation Inc's EIN (Employer Identification Number) is 42-1329115. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 31, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 25, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 28, 2026)
- IRS filings on file for fiscal years 2019–2025
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