Richard J and Mary Lou Mathiowetz Foundation
Richard J and Mary Lou Mathiowetz Foundation is a private foundation focused on Human Services, based in Sleepy Eye, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $511K in total assets. In 2025, it awarded 5 grants totaling $22K. Net investment income was $7K.
Richard J and Mary Lou Mathiowetz Foundation at a glance
In short: Richard J and Mary Lou Mathiowetz Foundation gave $22K across 5 grants in 2025 (avg $4K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $22,000
- -4.3% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $4,400
- -4.3% vs 2024
- Median grant
- $4,000
- Total assets
- $510,705
- -0.8% vs 2024
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Richard J and Mary Lou Mathiowetz Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Diocese of New ULM ($10K). Together the top 4 received $19K.
Organizations only. It also paid 1 individual scholarship ($3,000), which are not listed by name.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 23 grants of 23 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Richard J and Mary Lou Mathiowetz Foundation gives
- Giving held roughly steady from 2022 to 2025 (+10%). Method
- In 2025 it paid out 84% 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 $13K (2021) to $23K (2024). In 2025 it made 5 grants totaling $22K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Diocese of New ULM New ULM, MN | General Support | $10,000 |
| Springfield Public High School Springfield, MN | Scholarships | $4,000 |
| St Mary's School Sleepy Eye, MN | Scholarships | $4,000 |
| 1 individual scholarship Recipients not named | — | $3,000 |
| Comfrey High School Comfrey, MN | Scholarships | $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 | $510,705 | $11,634 | $25,780 | $22,000 | 5 | $22,953 | $6,697 | $27,223 |
| 2024 | $514,815 | $17,386 | $30,055 | $23,000 | 5 | $25,779 | $12,914 | $26,921 |
| 2023 | $517,196 | $12,279 | $24,439 | $23,000 | 5 | $23,025 | $10,930 | $26,416 |
| 2022 | $519,758 | $21,342 | $25,147 | $20,000 | 5 | $21,802 | $17,928 | $27,561 |
| 2021 | $514,153 | $8,509 | $14,841 | $13,000 | 3 | — | $6,807 | $27,196 |
| 2020 | $544,464 | $5,780 | $5,158 | — | — | — | $490 | $9,970 |
Under IRS private-foundation payout rules, Richard J and Mary Lou Mathiowetz Foundation reported a distributable amount of $27K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard J and Mary Lou Mathiowetz Foundation is led by Mary Lou Mathiowetz, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mary Lou Mathiowetz
President
On filings since 2020
1 hr/week
No compensation reported
Glen Mathiowetz
Vice President
On filings since 2020
1 hr/week
No compensation reported
Suzann Hendricks
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Richard J and Mary Lou Mathiowetz Foundation
How much does Richard J and Mary Lou Mathiowetz Foundation give each year?
Richard J and Mary Lou Mathiowetz Foundation gave $22K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23K across 5 grants.
What is Richard J and Mary Lou Mathiowetz Foundation's typical grant size?
Richard J and Mary Lou Mathiowetz Foundation's median grant in 2025 was $4,000, and its average grant was $4,400, across 5 grants on its 2025 IRS Form 990-PF.
Where does Richard J and Mary Lou Mathiowetz Foundation give grants?
Richard J and Mary Lou Mathiowetz Foundation gives mostly in Minnesota: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Richard J and Mary Lou Mathiowetz Foundation give general operating support?
Yes: 20% of Richard J and Mary Lou Mathiowetz Foundation's 2025 grants with a stated purpose (1 of 5) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Scholarships" (4 grants).
Who are Richard J and Mary Lou Mathiowetz Foundation's largest grantees?
Richard J and Mary Lou Mathiowetz Foundation's largest 2025 grantees include Diocese of New ULM ($10,000), Springfield Public High School ($4,000) and St Mary's School ($4,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($3,000), which are not listed by name. Together they received 82% of its itemized 2025 grant dollars.
How large is Richard J and Mary Lou Mathiowetz Foundation?
Richard J and Mary Lou Mathiowetz Foundation reported $511K in total assets on its 2025 IRS Form 990-PF. It paid out $23K in qualifying distributions that year, against a required minimum of $27K (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 Richard J and Mary Lou Mathiowetz Foundation?
Richard J and Mary Lou Mathiowetz Foundation is a private foundation focused on Human Services, based in Sleepy Eye, MN. It holds $511K in total assets as of 2025.
What is Richard J and Mary Lou Mathiowetz Foundation's EIN?
Richard J and Mary Lou Mathiowetz Foundation's EIN (Employer Identification Number) is 41-1766191. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 24, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2025
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