Physicians Mutual Insurance Company Foundation
Physicians Mutual Insurance Company Foundation is a private foundation based in Omaha, Nebraska. In 2024, it made grants to charitable organizations, with nearly all grant dollars going to recipients in Nebraska.
Key facts about Physicians Mutual Insurance Company Foundation
In short: Physicians Mutual Insurance Company Foundation gave $878K across 33 grants in 2024 (avg $27K), mostly in Nebraska. 39% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 36-3424068
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $878,391
- Grants made (2024)
- 33
- Average grant
- $26,618
- Median grant
- $2,500
- New grantees (estimate)
- 39% first-time grantees (13 of 33, 2024)
- Total assets
- $6,160,790
- Primary geography
- Nebraska (98% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation contributes only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.2M
-9.2% YoY
Annual Giving
$878K
+80.0% YoY
Grant Count
33
-32.7% YoY
Avg Grant Size
$27K
+167.3% YoY
Under IRS private-foundation payout rules, Physicians Mutual Insurance Company Foundation reported a distributable amount of $333K for 2024 — the minimum it must pay out in qualifying distributions.
Is Physicians Mutual Insurance Company Foundation open to new grantees?
39%
first-time grantees, 2024
In 2024, 13 of 33 grantees (39%) were first-time recipients. First grants averaged $3K; repeat grants $42K. How we count
Medians: $1K first-time, $5K repeat.
- 52% of 2024 grantees were also funded in 2023. Method
- Giving grew 56% from 2021 to 2024. Method
- In 2024 it paid out 264% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grantees include organizations working in higher education, community development, human services, business, and the arts. These are descriptions of grantees’ work, not stated funding priorities of the foundation.
Creighton University describes itself as a Catholic and Jesuit comprehensive university committed to excellence in selected undergraduate, graduate, and professional programs. Downtown Riverfront Trust says it works with the City of Omaha and other partners on planning, design, and construction of a three-park complex. United Way of the Midlands says its mission is to unite the community’s caring spirit to build a stronger tomorrow.
Other 2024 grantees describe work that includes immediate financial assistance after disasters and personal hardships (Emergency Assistance Foundation); increasing business, employment, and investment in the Greater Omaha area (Greater Omaha Chamber Foundation); promoting longer, healthier lives (American Heart Association); supporting Offutt Air Force Base personnel through morale-enhancing activities and charitable acts (Offutt Advisory Council); and supporting youth and families through programming and community partnerships (Mays Foundation).
Grantmaking
In 2024, the foundation made 33 grants totaling $878,391. Grants ranged from $500 to $200,000, with a median grant of $2,500. The largest grants were $200,000 each to Creighton University and Downtown Riverfront Trust, followed by $190,000 to Omaha Symphony and $116,000 to United Way of the Midlands. Other grants included $30,225 to Arbor Day Foundation, $30,000 to Aksarben Foundation, and $22,666 to Emergency Assistance Foundation.
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Geographic Focus
Where this funder awards grants
In 2024, 98% of grant dollars went to recipients in Nebraska and 2% to recipients in the District of Columbia. The filing also lists Colorado, Iowa, and New York at 0% each.
Grant Distribution by State
Share of 2024 grant dollars across all 33 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $488K (2023) to $878K (2024). In 2024 it made 33 grants totaling $878K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Creighton University ($200K). Together the top 10 received $829K.
Grant Size Distribution
175 grants across all recorded years
The most common grant size was under $50K: 155 grants of 175 (89%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Creighton University Omaha, NE | General | $200,000 |
| Downtown Riverfront Trust Omaha, NE | General | $200,000 |
| Omaha Symphony Omaha, NE | General | $190,000 |
| United Way of the Midlands Omaha, NE | General | $116,000 |
| Arbor Day Foundation Nebraska City, NE | General | $30,225 |
| Aksarben Foundation Omaha, NE | General | $30,000 |
| Emergency Assistance Foundation West Palm Beach, NE | General | $22,666 |
| Greater Omaha Chamber Foundation Omaha, NE | General | $15,000 |
| Lauritzen Gardens Omaha, NE | General | $15,000 |
| American Heart Association Washington, DC | General | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $6,160,790 | $256,217 | $880,372 | $878,391 |
| 2023 | $6,784,909 | $411,253 | $489,966 | $487,993 |
| 2022 | $6,862,938 | $2,090,657 | $659,323 | $658,063 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,160,790 | $6,784,909 | $6,862,938 |
| Revenue | $256,217 | $411,253 | $2,090,657 |
| Expenses | $880,372 | $489,966 | $659,323 |
| Qualifying Distributions | $878,391 | $487,993 | $658,063 |
| Net Investment Income | $256,217 | $139,979 | $90,657 |
| Distributable Amount | $332,861 | $309,958 | $234,866 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Robert A Reed Jr as President, Robert A Reed as Vice President, Edward J Mullen as Secretary and Treasurer, and James T Canedy MD as Director.
Physicians Mutual Insurance Company Foundation is led by Robert A Reed Jr., President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Robert A Reed Jr.
President
On filings since 2020
1 hr/week
No compensation reported
James T Canedy MD
Director
On filings since 2020
1 hr/week
No compensation reported
Edward J Mullen
Secretary & Treasurer
Secretary → Secretary & Treasurer, 2021
On filings since 2020
1 hr/week
No compensation reported
Robert A Reed
Vice President
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Steven S Stotts (2020) — Treasurer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 2600 Dodge St, Omaha, NE 68131-2672
Phone: (402) 633-1000
Frequently asked questions about Physicians Mutual Insurance Company Foundation
How much does Physicians Mutual Insurance Company Foundation give each year?
Physicians Mutual Insurance Company Foundation gave $878K across 33 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $488K across 49 grants.
What is Physicians Mutual Insurance Company Foundation's typical grant size?
Physicians Mutual Insurance Company Foundation's median grant in 2024 was $2,500, and its average grant was $26,618, across 33 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Physicians Mutual Insurance Company Foundation that year got $3K on average.
Where does Physicians Mutual Insurance Company Foundation give grants?
Physicians Mutual Insurance Company Foundation gives mostly in Nebraska: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Omaha, NE (23 grants) and Washington, DC (2 grants).
Does Physicians Mutual Insurance Company Foundation give general operating support?
Yes: 100% of Physicians Mutual Insurance Company Foundation's 2024 grants with a stated purpose (33 of 33) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Physicians Mutual Insurance Company Foundation's largest grantees?
Physicians Mutual Insurance Company Foundation's largest 2024 grantees include Creighton University ($200,000), Downtown Riverfront Trust ($200,000) and Omaha Symphony ($190,000), according to its 2024 IRS Form 990-PF. Together they received 67% of its itemized 2024 grant dollars.
How large is Physicians Mutual Insurance Company Foundation?
Physicians Mutual Insurance Company Foundation reported $6.2M in total assets on its 2024 IRS Form 990-PF. It paid out $878K in qualifying distributions that year, against a required minimum of $333K (roughly 5% of its investment assets).
What does Physicians Mutual Insurance Company Foundation fund?
No mission statement for the foundation is provided. Its 2024 grantees include organizations working in higher education, community development, human services, business, and the arts. These are descriptions of grantees’ work, not stated funding priorities of the foundation. See mission & focus areas ↑
How do I apply for a grant from Physicians Mutual Insurance Company Foundation?
The foundation contributes only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Physicians Mutual Insurance Company Foundation's EIN?
Physicians Mutual Insurance Company Foundation's EIN (Employer Identification Number) is 36-3424068. IRS Form 990 filing data is available on this page for 2020–2024.
Does Physicians Mutual Insurance Company Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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