Ray V Hewitt Foundation
Ray V Hewitt Foundation is a private foundation, based in Clear Lake, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $308K in total assets. In 2025, it awarded 5 grants totaling $15K. Net investment income was $13K.
Ray V Hewitt Foundation at a glance
In short: Ray V Hewitt Foundation gave $15K across 5 grants in 2025 (avg $3K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $14,500
- +7.4% vs 2024
- Grants made (2025)
- 5
- -37.5% vs 2024
- Average grant
- $2,900
- +71.9% vs 2024
- Median grant
- $1,000
- Total assets
- $308,100
- +1.9% vs 2024
- Primary geography
- Iowa (100% 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 Ray V Hewitt Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Drake University ($8K). Together the top 4 received $14K.
Organizations only. It also paid 1 individual scholarship ($1,000), which are not listed by name.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 33 grants of 33 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Ray V Hewitt Foundation gives
- Giving held roughly steady from 2022 to 2025 (+12%). Method
- In 2025 it paid out 107% of its IRS minimum distribution (the 5% rule). 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 2019 to 2025, annual grant giving ranged from $10K (2019) to $18K (2021). In 2025 it made 5 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Drake University Des Moines, IA | General Donation | $7,500 |
| Clear Lake Chamber of Commerce Clear Lake, IA | General Donation | $4,000 |
| Addison Doughancentral College Pella, IA | College Scholarship | $1,000 |
| 1 individual scholarship Recipients not named | — | $1,000 |
| Alex Kerrwartburg College Waverly, IA | College Scholarship | $1,000 |
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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 | $308,100 | $24,377 | $18,540 | $14,500 | 5 | $16,084 | $12,793 | $15,018 |
| 2024 | $302,263 | $42,561 | $16,848 | $13,500 | 8 | $14,993 | $31,068 | $14,777 |
| 2023 | $276,550 | $37,466 | $14,962 | $12,000 | 7 | $13,397 | $26,069 | $12,411 |
| 2022 | $254,046 | $42,538 | $15,627 | $13,000 | 8 | $14,104 | $12,061 | $12,419 |
| 2021 | $227,135 | $40,998 | $19,949 | $18,000 | 5 | $18,948 | $30,051 | $12,290 |
| 2020 | $206,086 | $16,455 | $12,340 | $11,500 | 8 | — | $6,013 | $10,796 |
| 2019 | $201,971 | $12,044 | $10,830 | $10,000 | 7 | — | $4,894 | $9,727 |
Under IRS private-foundation payout rules, Ray V Hewitt Foundation reported a distributable amount of $15K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ray V Hewitt Foundation is led by Mark C. Hewitt, President on every filing since 2019; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
Mark C. Hewitt
President
On filings since 2019
0.5 hrs/week
No compensation reported
Clear Lake Bank Trust
Trustee
On filings since 2021
1 hr/week
$1K (2021) → $2K (2025)
Former officers (1)
- Former: Ray V. Hewitt (2019–2021) — Vice President
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $2K, to Clear Lake Bank Trust (Trustee).
Frequently asked questions about Ray V Hewitt Foundation
How much does Ray V Hewitt Foundation give each year?
Ray V Hewitt Foundation gave $15K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $14K across 8 grants.
What is Ray V Hewitt Foundation's typical grant size?
Ray V Hewitt Foundation's median grant in 2025 was $1,000, and its average grant was $2,900, across 5 grants on its 2025 IRS Form 990-PF.
Where does Ray V Hewitt Foundation give grants?
Ray V Hewitt Foundation gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Ray V Hewitt Foundation give general operating support?
Yes: 40% of Ray V Hewitt Foundation's 2025 grants with a stated purpose (2 of 5) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "College Scholarship" (3 grants).
Who are Ray V Hewitt Foundation's largest grantees?
Ray V Hewitt Foundation's largest 2025 grantees include Drake University ($7,500), Clear Lake Chamber of Commerce ($4,000) and Addison Doughancentral College ($1,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($1,000), which are not listed by name. Together they received 86% of its itemized 2025 grant dollars.
How large is Ray V Hewitt Foundation?
Ray V Hewitt Foundation reported $308K in total assets on its 2025 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $15K (roughly 5% of its investment assets).
What is Ray V Hewitt Foundation's EIN?
Ray V Hewitt Foundation's EIN (Employer Identification Number) is 42-1516560. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 6, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
- Added Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Ray V Hewitt Foundation funds
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