Nellie Dunn Memorial Trust

Private foundation · Grantmaker Waterloo, IA EIN: 42-6325660

Nellie Dunn Memorial Trust is a private foundation, based in Waterloo, IA. IRS filing data is available from 2019 through 2023. In 2023, it awarded 7 grants totaling $11K. Net investment income was $2K.

Key facts about Nellie Dunn Memorial Trust

In short: Nellie Dunn Memorial Trust gave $11K across 7 grants in 2023 (avg $2K), mostly in Iowa. Source: 2023 IRS Form 990-PF.

EIN
42-6325660
Latest 990 filing
Form 990-PF, 2023
Annual giving (2023)
$10,953
Grants made (2023)
7
Average grant
$1,565
Median grant
$100
Primary geography
Iowa (100% of itemized 2023 grant dollars)

Data from IRS Form 990-PF, 2023; updated September 2026.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$11K

+1227.6% YoY

Grant Count

7

+133.3% YoY

Avg Grant Size

$2K

+469.0% YoY

Under IRS private-foundation payout rules, Nellie Dunn Memorial Trust reported a distributable amount of $513 for 2023 — the minimum it must pay out in qualifying distributions.

How Nellie Dunn Memorial Trust gives

  • Giving grew 1360% from 2020 to 2023. Method
  • In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2023 grant dollars across all 7 itemized grants.

States

Cities

Des MoinesGladbrookGrundy CenterMorrisonReinbeckTraer

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K6 grants2019 2 grants2020 2 grants2021 3 grants2022 7 grants2023

From 2019 to 2023, annual grant giving ranged from $750 (2020) to $11K (2023). In 2023 it made 7 grants totaling $11K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2023

Blank Children's Hospital: $10KBlank Children's Hospital$10K

The largest 2023 recipient was Blank Children's Hospital ($10K).

Organizations only. It also paid 6 grants to individuals ($678), which are not listed by name.

Grant Size Distribution

20 grants across all recorded years

20<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 20 grants of 20 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Blank Children's Hospital Des Moines, IADonation$10,275
6 grants to individuals Recipients not named —$678

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5K$10K$15K$20K2019 2020 2021 2022 2023
Metric202320222021
Total Assets—$13,074$12,674
Revenue$1,585$1,318$454
Expenses$14,573$1,309$1,262
Qualifying Distributions$10,953$825$775
Net Investment Income$1,585$1,318$454
Distributable Amount$513$661$628

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS June 10, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 4, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
  6. IRS filings on file for fiscal years 2019–2023

Leadership & Key People

Officers and directors from IRS filings

Nellie Dunn Memorial Trust's only listed officer is Lincoln Savings Bank, Trustee on every filing since 2019 (uncompensated).

Officers on the 2023 filing

  • Lincoln Savings Bank

    Trustee

    On filings since 2019

    No compensation reported

Data from IRS Form 990 filings, 2019–2023. "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 Nellie Dunn Memorial Trust

How much does Nellie Dunn Memorial Trust give each year?

Nellie Dunn Memorial Trust gave $11K across 7 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $825 across 3 grants.

What is Nellie Dunn Memorial Trust's typical grant size?

Nellie Dunn Memorial Trust's median grant in 2023 was $100, and its average grant was $1,565, across 7 grants on its 2023 IRS Form 990-PF.

Where does Nellie Dunn Memorial Trust give grants?

Nellie Dunn Memorial Trust gives mostly in Iowa: 100% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there.

How much is Nellie Dunn Memorial Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Nellie Dunn Memorial Trust reported a distributable amount of $513 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Nellie Dunn Memorial Trust's EIN?

Nellie Dunn Memorial Trust's EIN (Employer Identification Number) is 42-6325660. IRS Form 990 filing data is available on this page for 2019–2023.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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