New Hope Foundation
New Hope Foundation is a private foundation based in Muscatine, Iowa, established in 1993. The foundation maintains a national scope for its grantmaking activities and operates with a staff of 3 employees. The foundation is headquartered at 2610 Park Avenue in Muscatine and maintains Octagon Place, a historical site in Muscatine that serves as offices for nonprofit organizations, along with the Sunset Drive Nature Preserve.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$519K
-0.1% YoY
Grant Count
65
-3.0% YoY
Avg Grant Size
$8K
+2.9% YoY
Mission & Focus Areas
The foundation primarily supports organizations and initiatives related to:
- Religion — particularly Protestant and Christian causes, including Presbyterianism and evangelism
- Education — religious and educational programs
- Social & Human Services — approximately 27% of giving
- Community Development — approximately 21% of giving
- Marriage and Family Strengthening — including support for United Marriage Encounter
- Free Enterprise and Economic Development
- Pregnancy Support
Recent grant history shows the foundation has supported organizations including the Marriage Encounter Support Foundation, Hope International, Alliance Defending Freedom, Moody Bible Institute, International Justice Mission, and Jesus Mission Church.
Grantmaking
Grant Range
s:** Typical awards range from $500 to $30,000.
Review Cycle
.
How to Apply
** The foundation only makes contributions to preselected charitable organizations and does not accept unsolicited requests for funds. Applicants must contact the foundation directly to inquire about the application process. There are no application deadlines.
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Geographic Focus
Where this funder awards grants
The foundation has a national scope, with grants distributed across the United States, including focus areas in Iowa, the District of Columbia, and Virginia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $25,506,720
- Total Giving: $518,500
- Total Revenue: $1,323,091
- Total Expenses: $1,222,632
- Total Liabilities: $22,300
The foundation maintains substantial assets relative to its annual giving, indicating a long-term endowment structure.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Andrea S Wells — President
- C Diane Norton — Director
- Charlene Knutsen — Director
- Christopher S Ingstad — Treasurer
- Dana D Solt — Vice Chairman & Secretary
- Harry L Knutsen — Director
- Marilyn S Voorhees — Vice President
- Peter Voorhees — Director
- Richard R Phillips — Assistant
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANDREA S WELLS | PRESIDENT | 40 | $197,730 |
| CHRISTOPHER S INGSTAD | TREASURER | 1 | — |
| CHARLENE KNUTSEN | DIRECTOR | 1 | — |
| HARRY L KNUTSEN | DIRECTOR | 1 | — |
| ROBERT H SOLT | CHAIRMAN | 5 | — |
| DANA D SOLT | VICE CHAIRMAN & SECRETARY | 1 | — |
| C DIANE NORTON | DIRECTOR | 1 | — |
| THOMAS K NORTON | DIRECTOR | 1 | — |
| MARILYN S VOORHEES | VICE PRESIDENT | 1 | — |
| RICHARD R PHILLIPS | ASST. TREASURER | 5 | — |
| PETER VOORHEES | DIRECTOR | 1 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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