Richard O Jacobson Foundation
The Richard O Jacobson Foundation is a private foundation based in Des Moines, Iowa. Its 2025 filing reports one grant of $200,000 to an Iowa community organization.
Richard O Jacobson Foundation at a glance
In short: Richard O Jacobson Foundation gave $200K across 1 grant in 2025 (avg $200K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $200,000
- -46.0% vs 2024
- Grants made (2025)
- 1
- -66.7% vs 2024
- Average grant
- $200,000
- +62.1% vs 2024
- Median grant
- $200,000
- Total assets
- $69,165,825
- +3.7% 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 October 2026.
How to apply to Richard O Jacobson Foundation
- Contact
Application contact: Doug Den Adel
Mailing address: 505 Fifth Avenue Suite 321, Des Moines, IA 50309
Phone: (515) 490-1617
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Richard O Jacobson Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Build A Better Belmond ($200K).
Grant Size Distribution
17 grants across all recorded years
The most common grant size was in the $100–250K range: 6 grants of 17 (35%).
Geographic Focus
Where this funder awards grants
The 2025 filing reports that 100% of grant dollars went to recipients in Iowa.
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Richard O Jacobson Foundation gives
- Giving fell 98% from 2022 to 2025. Method
- In 2025 it paid out 7% 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 2020 to 2025, annual grant giving ranged from $200K (2025) to $8.9M (2022). In 2025 it made 1 grant totaling $200K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Build A Better Belmond Belmond, IA | Contribution | $200,000 |
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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 | $69,165,825 | $2,744,155 | $277,782 | $200,000 | 1 | $219,954 | $2,741,792 | $3,334,068 |
| 2024 | $66,699,452 | $45,000,589 | $384,397 | $370,125 | 3 | $376,785 | $2,340,549 | $3,041,571 |
| 2023 | $22,083,260 | $1,486,333 | $4,245,064 | $4,218,000 | 3 | $4,223,835 | $485,906 | $1,210,994 |
| 2022 | $24,841,991 | $13,826,505 | $8,888,601 | $8,860,933 | 5 | $8,865,479 | $72,503 | $1,125,150 |
| 2021 | $19,904,087 | $10,014,327 | $2,567,469 | $2,538,700 | 5 | — | $6,158 | $821,524 |
| 2020 | $12,457,228 | $18,325,871 | $8,786,676 | $8,761,760 | 9 | — | — | $267,084 |
Under IRS private-foundation payout rules, Richard O Jacobson Foundation reported a distributable amount of $3.3M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The available information does not state the foundation’s mission or specific funding focus areas. Its 2025 grant supported Build A Better Belmond, whose mission is “to create opportunities for Belmond and its citizens to be a better community.”
Grantmaking
In filing year 2025, the foundation awarded one grant totaling $200,000. The grant went to Build A Better Belmond in Belmond, Iowa, for a contribution.
The foundation states that it does not restrict giving to preselected organizations. How to apply: The filing lists Doug Den Adel as the contact, says applications may be submitted in any form, and restricts awards to qualified institutions under Section 170 of the Code. Deadline: None.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Bruce L Rastetter as Chairman and CEO, Carlton T King as Vice President, Mark N Larson as Treasurer, and Will J Hoekman as Secretary.
Richard O Jacobson Foundation is led by Bruce L. Rastetter, Chairman & CEO on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Bruce L. Rastetter
Chairman & CEO
On filings since 2020
No compensation reported
Carlton T. King
Vice President
On filings since 2020
No compensation reported
Mark N. Larson
Treasurer
On filings since 2020
No compensation reported
Will J. Hoekman
Secretary
On filings since 2020
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 O Jacobson Foundation
How much does Richard O Jacobson Foundation give each year?
Richard O Jacobson Foundation gave $200K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $370K across 3 grants.
How large is Richard O Jacobson Foundation?
Richard O Jacobson Foundation reported $69.2M in total assets on its 2025 IRS Form 990-PF. It paid out $220K in qualifying distributions that year, against a required minimum of $3.3M (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 does Richard O Jacobson Foundation fund?
The available information does not state the foundation’s mission or specific funding focus areas. Its 2025 grant supported Build A Better Belmond, whose mission is “to create opportunities for Belmond and its citizens to be a better community.” See mission & focus areas ↑
How do I apply for a grant from Richard O Jacobson Foundation?
Richard O Jacobson Foundation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
Where does Richard O Jacobson Foundation make grants?
The 2025 filing reports that 100% of grant dollars went to recipients in Iowa.
What is Richard O Jacobson Foundation's EIN?
Richard O Jacobson Foundation's EIN (Employer Identification Number) is 51-0192624. 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. Research dossier generated September 2026.
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 August 16, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 17, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 16, 2026)
- IRS filings on file for fiscal years 2020–2025
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