Physicians Mutual Insurance Company Foundation
Physicians Mutual Insurance Company Foundation is a private, non-operating corporate foundation based in Omaha, Nebraska. Established in 1985 and granted tax-exempt status in April 1986, the foundation is supported by Physicians Mutual Insurance Company and operates as an independent charitable organization classified as a 501(c)(3).
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
Mission & Focus Areas
The foundation supports nonprofit organizations through gifts, grants, and loans. Primary funding interests include:
- Education
- Higher education
- Museums and botanical gardens
- Youth development
- Human services
- Business and industry
- Philanthropy, voluntarism, and grantmaking
- Science and STEM education
Grantmaking
The foundation made 26 grants in 2024, with total giving of $878,391. Recent notable grants include:
Grant Range
s:**
Review Cycle
are documented in available sources.
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily supports nonprofit organizations in Omaha, Nebraska, with some grants extending to Nebraska, the District of Columbia, and New York.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $6,160,790
- Total Revenues: $256,217
- Total Expenses: $880,372
- Total Giving: $878,391
Historical Asset Growth: The foundation has experienced significant asset growth over recent years, increasing from $707,479 in December 2013 to $6,160,790 by December 2024.
| 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 |
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
175 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
Robert A. Reed Jr. is listed as a key contact for the organization.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Robert A Reed Jr | President | 1 | — |
| Robert A Reed | Vice President | 1 | — |
| Edward J Mullen | Sec and Treasurer | 1 | — |
| James T Canedy MD | Director | 1 | — |
Contact Information
Address: 2600 Dodge Street, Omaha, NE 68131-2672
Phone: 402-633-1000
EIN: 36-3424068
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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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