One Foundation Incorporated
One Foundation Incorporated is a private foundation, based in Cedar Rapids, IA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.1M in total assets. In 2025, it awarded 7 grants totaling $211K. Net investment income was $293K.
One Foundation Incorporated at a glance
In short: One Foundation Incorporated gave $211K across 7 grants in 2025 (avg $30K), top state Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $211,480
- -10.4% vs 2024
- Grants made (2025)
- 7
- +16.7% vs 2024
- Average grant
- $30,211
- -23.2% vs 2024
- Median grant
- $25,000
- Total assets
- $2,118,029
- -62.5% vs 2024
- Primary geography
- Iowa (34% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who One Foundation Incorporated funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Teaching Truth International ($50K). Together the top 7 received $211K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 20 grants of 32 (63%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How One Foundation Incorporated gives
- Giving held roughly steady from 2022 to 2025 (+6%). Method
- In 2025 it paid out 81% 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 2021 to 2025, annual grant giving ranged from $199K (2022) to $259K (2023). In 2025 it made 7 grants totaling $211K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Teaching Truth International Louisville, KY | Tanzania Building Project Teaching Center Phase III of project | $50,000 |
| Focus on the Family Colorado Springs, CO | Truth Rising Project | $50,000 |
| Hawkeye Chapter of CEF of Iowa Cedar Rapids, IA | Passenger van Tents & chairs Face painting supplies Balloon supplies popcorn machine Bouncy House T-Shirts Puppet Show Supplies Bibles | $43,330 |
| Infant Crisis Services Oklahoma City, OK | Garage Building Project | $25,000 |
| His Hands Free Clinic Cedar Rapids, IA | Medical Equipment exam room furnishings computer & printer | $19,550 |
| Sync with God Lincoln, NE | Discipleship Strategy for Sync with God project Technology platform discipling content strategic partner development | $15,000 |
| Clarity Clinic Dubuque, IA | Ultrasound training for nurses who staff the clinic | $8,600 |
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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 | $2,118,029 | $312,419 | $211,937 | $211,480 | 7 | $211,937 | $292,865 | $260,132 |
| 2024 | $5,646,135 | $429,867 | $237,643 | $236,007 | 6 | $236,007 | $128,456 | $234,496 |
| 2023 | $2,938,489 | $405,930 | $260,964 | $258,891 | 7 | $258,891 | $109,425 | $236,070 |
| 2022 | $2,249,724 | $393,809 | $199,538 | $199,380 | 7 | $199,380 | $92,394 | $237,060 |
| 2021 | $2,140,519 | $362,389 | $202,827 | $202,500 | 5 | — | $92,406 | $197,742 |
Under IRS private-foundation payout rules, One Foundation Incorporated reported a distributable amount of $260K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
One Foundation Incorporated is led by Donald A. Nelson, President & Secretary since 2025 (on filings since 2021); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Donald A. Nelson
President & Secretary
President & Secretary → President Secretary, 2024
President Secretary → President & Secretary, 2025
On filings since 2021
1 hr/week
No compensation reported
Elizabeth A. Hull
Director
On filings since 2021
1 hr/week
No compensation reported
David M. Hull
Vice President
On filings since 2021
1 hr/week
No compensation reported
Mary A. Nelson
Treasurer
On filings since 2021
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 One Foundation Incorporated
How much does One Foundation Incorporated give each year?
One Foundation Incorporated gave $211K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $236K across 6 grants.
What is One Foundation Incorporated's typical grant size?
One Foundation Incorporated's median grant in 2025 was $25,000, and its average grant was $30,211, across 7 grants on its 2025 IRS Form 990-PF.
Where does One Foundation Incorporated give grants?
One Foundation Incorporated's top state is Iowa, with 34% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Kentucky (24%) and Colorado (24%). The most frequent recipient cities were Cedar Rapids, IA (2 grants).
Does One Foundation Incorporated give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on One Foundation Incorporated's 2025 IRS Form 990-PF were described as general or operating support.
Who are One Foundation Incorporated's largest grantees?
One Foundation Incorporated's largest 2025 grantees include Teaching Truth International ($50,000), Focus on the Family ($50,000) and Hawkeye Chapter of CEF of Iowa ($43,330), according to its 2025 IRS Form 990-PF. Together they received 68% of its itemized 2025 grant dollars.
How large is One Foundation Incorporated?
One Foundation Incorporated reported $2.1M in total assets on its 2025 IRS Form 990-PF. It paid out $212K in qualifying distributions that year, against a required minimum of $260K (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 One Foundation Incorporated's EIN?
One Foundation Incorporated's EIN (Employer Identification Number) is 86-0610662. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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