Milo & Mildred Hayes Educational Foundation
Milo & Mildred Hayes Educational Foundation is a private foundation, based in Tampa, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $755K in total assets. In 2025, it awarded 7 grants totaling $24K. Net investment income was $22K.
Milo & Mildred Hayes Educational Foundation at a glance
In short: Milo & Mildred Hayes Educational Foundation gave $24K across 7 grants in 2025 (avg $3K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $24,000
- Grants made (2025)
- 7
- Average grant
- $3,429
- Median grant
- $4,000
- Total assets
- $754,878
- Primary geography
- Iowa (92% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Milo & Mildred Hayes Educational Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was University of Northern Iowa ($6K). Together the top 7 received $24K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 32 grants of 32 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How Milo & Mildred Hayes Educational Foundation gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 85% 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 $16K (2020) to $30K (2023). In 2025 it made 7 grants totaling $24K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Northern Iowa Cedar Falls, IA | Schoolarship | $6,000 |
| Iowa Central Community College Fort Dodge, IA | Schoolarship | $4,000 |
| University of Iowa Iowa City, IA | Scholarship | $4,000 |
| Iowa State University Ames, IA | Scholarship | $4,000 |
| Coe College Cedar Rapids, IA | Scholarship | $2,000 |
| Simpson College Indianola, IA | Scholarship | $2,000 |
| University of Wisconsin Madison, WI | Scholarship | $2,000 |
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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 | $754,878 | $31,001 | $42,306 | $24,000 | 7 | $32,536 | $22,175 | $38,228 |
| 2023 | $665,191 | $-11,672 | $45,635 | $30,000 | 6 | $35,248 | $8,592 | $34,366 |
| 2022 | $721,452 | $140,090 | $35,708 | $24,000 | 8 | $29,731 | $133,653 | $39,583 |
| 2021 | $681,976 | $39,909 | $29,898 | $18,500 | 5 | — | $34,222 | $35,157 |
| 2020 | $598,323 | $41,823 | $25,722 | $15,500 | 6 | — | $37,573 | $31,251 |
Under IRS private-foundation payout rules, Milo & Mildred Hayes Educational Foundation reported a distributable amount of $38K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Milo & Mildred Hayes Educational Foundation's only listed officer is Members Trust Company, Trustee on the 2025 filing (compensated).
Officers on the 2025 filing
Members Trust Company
Trustee
New on the 2025 filing
8 hrs/week
$7K (2025)
Former officers (1)
- Former: Bank Of America (2020–2023) — 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 $7K, to Members Trust Company (Trustee).
Frequently asked questions about Milo & Mildred Hayes Educational Foundation
How much does Milo & Mildred Hayes Educational Foundation give each year?
Milo & Mildred Hayes Educational Foundation gave $24K across 7 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Milo & Mildred Hayes Educational Foundation's typical grant size?
Milo & Mildred Hayes Educational Foundation's median grant in 2025 was $4,000, and its average grant was $3,429, across 7 grants on its 2025 IRS Form 990-PF.
Where does Milo & Mildred Hayes Educational Foundation give grants?
Milo & Mildred Hayes Educational Foundation gives mostly in Iowa: 92% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Wisconsin (8%).
Does Milo & Mildred Hayes Educational Foundation give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Milo & Mildred Hayes Educational Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (5 grants).
Who are Milo & Mildred Hayes Educational Foundation's largest grantees?
Milo & Mildred Hayes Educational Foundation's largest 2025 grantees include University of Northern Iowa ($6,000), Iowa Central Community College ($4,000) and University of Iowa ($4,000), according to its 2025 IRS Form 990-PF. Together they received 58% of its itemized 2025 grant dollars.
How large is Milo & Mildred Hayes Educational Foundation?
Milo & Mildred Hayes Educational Foundation reported $755K in total assets on its 2025 IRS Form 990-PF. It paid out $33K in qualifying distributions that year, against a required minimum of $38K (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 Milo & Mildred Hayes Educational Foundation's EIN?
Milo & Mildred Hayes Educational Foundation's EIN (Employer Identification Number) is 42-6344913. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 22, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 24, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 30, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS December 1, 2023)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS August 15, 2025)
- IRS filings on file for fiscal years 2020–2025
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