Michael E Portzen and Sara a Portzen
Michael E Portzen and Sara a Portzen is a private foundation focused on Community Improvement & Capacity Building, based in Peosta, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $7.4M in total assets. In 2025, it awarded 4 grants totaling $260K. Net investment income was $365K.
Michael E Portzen and Sara a Portzen at a glance
In short: Michael E Portzen and Sara a Portzen gave $260K across 4 grants in 2025 (avg $65K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $260,000
- -52.3% vs 2024
- Grants made (2025)
- 4
- -20.0% vs 2024
- Average grant
- $65,000
- -40.4% vs 2024
- Median grant
- $60,000
- Total assets
- $7,424,038
- +39.5% vs 2024
- Primary geography
- Iowa (100% 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 Michael E Portzen and Sara a Portzen funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Archdiocese of Dubuque ($125K). Together the top 4 received $260K.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 32 grants of 39 (82%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How Michael E Portzen and Sara a Portzen gives
- Giving fell 68% from 2022 to 2025. Method
- In 2025 it paid out 91% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2025, annual grant giving ranged from $41K (2020) to $809K (2022). In 2025 it made 4 grants totaling $260K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Archdiocese of Dubuque Dubuque, IA | Archdiocese One Campaign | $125,000 |
| Holy Family Catholic Schools Dubuque, IA | Platform for Excellence | $100,000 |
| Loras College Dubuque, IA | Capital Improvements | $20,000 |
| Dubuque County Historical Society Dubuque, IA | Preserve the Wonder | $15,000 |
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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 | $7,424,038 | $2,404,048 | $299,439 | $260,000 | 4 | $260,000 | $364,609 | $286,160 |
| 2024 | $5,323,328 | $2,710,206 | $573,218 | $545,000 | 5 | $545,000 | $181,988 | $174,313 |
| 2023 | $3,188,028 | $1,149,344 | $579,761 | $560,000 | 13 | $560,000 | $129,583 | $125,356 |
| 2022 | $2,620,919 | $1,080,138 | $828,723 | $808,750 | 12 | $808,750 | $62,530 | $110,822 |
| 2021 | $2,370,924 | $1,197,691 | $833,525 | $806,000 | 5 | $826,133 | $170,166 | $110,194 |
| 2020 | $2,007,131 | $656,773 | $54,192 | $41,000 | 3 | — | $143,581 | $72,988 |
Under IRS private-foundation payout rules, Michael E Portzen and Sara a Portzen reported a distributable amount of $286K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Michael E Portzen and Sara a Portzen is led by Michael E. Portzen, President & Director on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael E. Portzen
President & Director
On filings since 2020
No compensation reported
Sara A. Portzen
Vice President & Director
On filings since 2020
No compensation reported
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.
Frequently asked questions about Michael E Portzen and Sara a Portzen
How much does Michael E Portzen and Sara a Portzen give each year?
Michael E Portzen and Sara a Portzen gave $260K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $545K across 5 grants.
What is Michael E Portzen and Sara a Portzen's typical grant size?
Michael E Portzen and Sara a Portzen's median grant in 2025 was $60,000, and its average grant was $65,000, across 4 grants on its 2025 IRS Form 990-PF.
Where does Michael E Portzen and Sara a Portzen give grants?
Michael E Portzen and Sara a Portzen gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Dubuque, IA (4 grants).
Does Michael E Portzen and Sara a Portzen give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Michael E Portzen and Sara a Portzen's 2025 IRS Form 990-PF were described as general or operating support.
How large is Michael E Portzen and Sara a Portzen?
Michael E Portzen and Sara a Portzen reported $7.4M in total assets on its 2025 IRS Form 990-PF. It paid out $260K in qualifying distributions that year, against a required minimum of $286K (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 is Michael E Portzen and Sara a Portzen?
Michael E Portzen and Sara a Portzen is a private foundation focused on Community Improvement & Capacity Building, based in Peosta, IA. It holds $7.4M in total assets as of 2025.
What is Michael E Portzen and Sara a Portzen's EIN?
Michael E Portzen and Sara a Portzen's EIN (Employer Identification Number) is 45-4523314. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 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 2020 (received by the IRS March 31, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 25, 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 May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Michael E Portzen and Sara a Portzen funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
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