Molony Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BERNARD, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.8M in total assets. In 2024, it awarded 26 grants totaling $160K. Net investment income was $181K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.8M
+6.0% YoY
Annual Giving
$160K
+55.8% YoY
Grant Count
26
+18.2% YoY
Avg Grant Size
$6K
+31.8% YoY
Under IRS private-foundation payout rules, Molony Foundation reported a distributable amount of $280K for 2024 — the minimum it must pay out in qualifying distributions.
About Molony Foundation
Based on IRS filings
Molony Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BERNARD, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.8M in total assets. In 2024, it awarded 26 grants totaling $160K. Net investment income was $181K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,774,353 | $5,449,661 | $4,724,790 |
| Revenue | $279,339 | $458,977 | $314,634 |
| Expenses | $372,952 | $339,968 | $281,936 |
| Qualifying Distributions | $285,750 | $237,186 | $210,696 |
| Net Investment Income | $181,452 | $22,529 | $130,934 |
| Distributable Amount | $280,106 | $257,951 | $239,286 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
91 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Latino Empowerment and Development ($35,000), Resources Unite ($34,896), St Patrick's Catholic Church ($15,310).
| Recipient | Purpose | Amount |
|---|---|---|
| AVA NOONAN BERNARD, IA | COLLEGE SCHOLARSHIP FOR ATTENDING REDLANDS COMMUNITY COLLEGE | $2,500 |
| AVERY FOUNDATION DUBUQUE, IA | GENERAL OPERATING SUPPORT | $5,000 |
| CARRIE ELSCAMP SHERRILL, IA | COLLEGE SCHOLARSHIP FOR ATTENDING CLARKE UNIVERSITY | $2,500 |
| CENTRALLY ROOTED MISSION INC DUBUQUE, IA | GENERAL OPERATING SUPPORT | $10,000 |
| CHIARTS FOUNDATION CHICAGO, IL | GENERAL OPERATING SUPPORT | $3,000 |
| CITY OF DYERSVILLE IOWA DYERSVILLE, IA | GENERAL OPERATING SUPPORT | $935 |
| CLAIRE MOLONY CASCADE, IA | COLLEGE SCHOLARSHIP FOR ATTENDING SOUTHEASTERN OKLAHOMA STATE UNIVERSITY | $2,500 |
| DUBUQUE RESCUE MISSION DUBUQUE, IA | GENERAL OPERATING SUPPORT | $5,000 |
| ELIZABETH SHEETS MAQUOKETA, IA | COLLEGE SCHOLARSHIP FOR ATTENDING MOUNT MERCY UNIVERSITY | $2,500 |
| ELLA DONAVAN PEOSTA, IA | COLLEGE SCHOLARSHIP FOR ATTENDING UNIVERSITY OF WISCONSIN-PLATTEVILLE | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANASTASIA MOLONY-KLIMEK | PRESIDENT/TREASURER/DIRECTOR | 40 | $84,000 |
| DAVID KLIMEK | VICE-PRESIDENT/DIRECTOR | 10 | $8,137 |
| JEFFREY S BILLINGS | SECRETARY/DIRECTOR | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Molony Foundation?
Molony Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BERNARD, IA. It holds $5.8M in total assets as of 2024.
How large is Molony Foundation?
As of 2024, Molony Foundation holds $5.8M in total assets with $279K in annual revenue. It awarded 26 grants totaling $160K in 2024.
Where does Molony Foundation operate?
Molony Foundation has awarded grants in District of Columbia, Iowa, Illinois, Kentucky, Maryland, Minnesota, Missouri, Texas, Wisconsin.
What size grants does Molony Foundation award?
In 2024, Molony Foundation awarded 26 grants totaling $160K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Molony Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Molony Foundation reported a distributable amount of $280K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Molony Foundation's EIN?
Molony Foundation's EIN (Employer Identification Number) is 47-4869856. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Molony Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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