Mutual of Omaha Foundation
The Mutual of Omaha Foundation is a corporate foundation established in 2005 and based in Omaha, Nebraska. Operating as a 501(c)(3) organization, the Foundation continues the insurance company's longstanding tradition of supporting the Omaha metropolitan area through strategic philanthropic investments. The Foundation operates as a private independent foundation focused on breaking the cycle of poverty and investing in major capital projects that strengthen the community.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$113.1M
+6.0% YoY
Annual Giving
$5.6M
+0.8% YoY
Grant Count
137
+12.3% YoY
Avg Grant Size
$41K
-10.3% YoY
Under IRS private-foundation payout rules, Mutual of Omaha Foundation reported a distributable amount of $5.4M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Mission: To break the cycle of poverty and invest in major capital projects that strengthen the community.
The Foundation supports nonprofit organizations addressing the following focus areas:
Basic Needs
- Affordable Housing
- Community Health
- Food
- Emergency Shelter
- Homelessness Prevention
Adult Self-Sufficiency
- Domestic Violence
- Financial Education
- Literacy & Language
- Parenting Classes
- Workforce Development
Youth Development
- Abuse & Neglect
- College & Career Prep
- Mentoring
- Out-of-School Programs
- Teen Parenting
The Foundation emphasizes strategic partnerships that are collaborative, solutions-based, and drive change. Priority is given to organizations with outcomes measures in place that can adequately demonstrate the impact of their programs.
Grantmaking
Grant Range
** $10,000 to $500,000, with an average grant of approximately $45,670
Average Grant
of approximately $45,670
Invitation Only
** Invitation only with two application periods per year. Organizations interested in applying should contact the Foundation at community.affairs@mutualofomaha.com
Ready to take the next step with Mutual of Omaha Foundation?
Geographic Focus
Where this funder awards grants
The Foundation limits grants to nonprofit organizations providing direct client service in the tri-county area of:
- Douglas County, Nebraska
- Sarpy County, Nebraska
- Pottawattamie County, Iowa
All support is limited to the Omaha metropolitan area.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $113 million (2024)
Annual Giving: $5.6 million (2024); more than $6.1 million in paid grants (2025)
Revenue: $3.46 million (2024)
Expenses: $6.05 million (2024)
Liabilities: $0 (2024)
Historical Impact: Since its founding in 2005, the Foundation has invested more than $75 million through nearly 2,000 grants.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $113,063,412 | $106,691,699 | $101,203,542 |
| Revenue | $3,456,444 | $2,813,351 | $3,272,084 |
| Expenses | $6,046,374 | $5,907,880 | $6,723,697 |
| Qualifying Distributions | $5,613,717 | $5,571,757 | $6,199,194 |
| Net Investment Income | $5,325,309 | $3,492,902 | $3,751,451 |
| Distributable Amount | $5,447,756 | $5,089,657 | $5,552,669 |
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
201 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Creighton University ($250,000), Food Bank for the Heartland ($250,000), Food Bank for the Heartland ($150,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 100 Black Men of Omaha Omaha, NE | General Operating Support | $15,000 |
| AIM Institute Omaha, NE | Project Support | $2,500 |
| Angels Among Us Omaha, NE | General Operating Support | $10,000 |
| At Ease USA Omaha, NE | General Operating Support | $10,000 |
| Autism Action Partnership Omaha, NE | General Operating Support | $10,000 |
| Banisters Leadership Academy Omaha, NE | General Operating Support | $7,500 |
| Big Brothers Big Sisters Of The Midlands Omaha, NE | General Operating Support | $35,000 |
| Black Men United Omaha, NE | Project Support | $10,000 |
| Board of Regents of the University of Nebraska Lincoln, NE | Project Support | $25,000 |
| Boy Scouts Of America Mid-America Council Omaha, NE | General Operating Support | $20,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Gail A. Graeve serves as President of the Foundation and Vice President of Social Impact at Mutual of Omaha.
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Recent News & Activity
Recent developments and announcements
In 2025, the Foundation reported more than $6.1 million in paid grants and supported 250+ organizations through all channels (foundation grantmaking, corporate sponsorships, and employee volunteerism).
Mutual of Omaha Foundation Grants Nearly $2.3 Million to Local NonprofitsThe Foundation's community impact extends beyond grantmaking to include corporate sponsorships of more than 100 nonprofit fundraising events, corporate grants in the local arts community, and a robust employee volunteer program with representation by employees on local nonprofit boards.
Mutual of Omaha Foundation Grants Nearly $2.3 Million to Local NonprofitsSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Mutual of Omaha Foundation fund?
**Mission:** To break the cycle of poverty and invest in major capital projects that strengthen the community. The Foundation supports nonprofit organizations addressing the following focus areas: **Basic Needs** • Affordable Housing • Community Health • Food • Emergency Shelter • Homelessness Prevention **Adult Self-Sufficiency** • Domestic Violence • Financial Education • Literacy & Language • Parenting Classes • Workforce Development **Youth Development** • Abuse & Neglect • College & Career…
How do I apply for a grant from Mutual of Omaha Foundation?
**Grant Range:** $10,000 to $500,000, with an average grant of approximately $45,670 **Application Process:** Invitation only with two application periods per year. Organizations interested in applying should contact the Foundation at community.affairs@mutualofomaha.com **Eligibility Requirements:** • Must be a 501(c)(3) nonprofit organization in good standing with the IRS • Must provide direct client service in the tri-county area • Must align with the Foundation's non-discrimination policy • …
Where does Mutual of Omaha Foundation make grants?
The Foundation limits grants to nonprofit organizations providing direct client service in the tri-county area of: • Douglas County, Nebraska • Sarpy County, Nebraska • Pottawattamie County, Iowa All support is limited to the Omaha metropolitan area.
What size grants does Mutual of Omaha Foundation award?
In 2024, Mutual of Omaha Foundation awarded 137 grants totaling $5.6M — an average of about $41K per grant, based on its IRS Form 990 filings.
How much is Mutual of Omaha Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mutual of Omaha Foundation reported a distributable amount of $5.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mutual of Omaha Foundation's EIN?
Mutual of Omaha Foundation's EIN (Employer Identification Number) is 20-2176636. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mutual of Omaha Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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