State University of Iowa Foundation
The university of Iowa center for advancement's mission is to advance the university of Iowa through engagement and philanthropy. We serve our alumni and friends in the state and the region, throughout the country, and around the world. We are committed to engaging everyone who
State University of Iowa Foundation at a glance
In short: State University of Iowa Foundation gave $162.7M across 1 grant in 2025 (avg $162.7M), mostly in Iowa. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $162,708,366
- -0.5% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $162,708,366
- -0.5% vs 2024
- Median grant
- $162,708,366
- Total assets
- $2,294,681,117
- +6.2% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who State University of Iowa Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was State University of Iowa ($162.7M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How State University of Iowa Foundation gives
- Giving grew 36% from 2022 to 2025. Method
From the foundation's IRS Form 990 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 $98.2M (2021) to $163.6M (2024). In 2025 it made 1 grant totaling $162.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| State University of Iowa Iowa City, IA | See Part IV | $162,708,366 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,294,681,117 | $202,489,213 | $211,635,173 | $162,708,366 | 1 | $5,920,878 |
| 2024 | $2,160,832,505 | $167,554,150 | $210,154,022 | $163,602,708 | 1 | $3,874,906 |
| 2023 | $2,014,095,354 | $166,983,554 | $193,954,817 | $150,613,558 | 1 | $14,746,135 |
| 2022 | $1,985,793,124 | $291,450,810 | $156,781,998 | $119,874,776 | 1 | $8,688,423 |
| 2021 | $1,864,654,286 | $132,809,685 | $131,529,480 | $98,182,119 | 1 | $8,882,268 |
| 2020 | $1,522,325,755 | $179,293,850 | $163,225,916 | $129,111,178 | 1 | $10,172,566 |
| 2019 | $1,587,579,883 | $167,778,609 | $165,286,838 | $131,750,155 | 1 | $10,793,140 |
About State University of Iowa Foundation
Based on IRS filings
State University of Iowa Foundation is a public charity focused on Education, based in Iowa City, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.3B in total assets. In 2025, it awarded 1 grant totaling $162.7M. Net investment income was $5.9M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
State University of Iowa Foundation is led by Lynette L. Marshall, President on every filing since 2019; 13 of 44 officers listed in 2025 are compensated.
Officers on the 2025 filing
Lynette L. Marshall
President
On filings since 2019
40 hrs/week
$538K (2019) → $624K (2025)
Andrew W. Code
Chair & Director
Director → Chair & Director, 2023
On filings since 2019
1 hr/week
No compensation reported
Barbara A. McKenzie
Director
On filings since 2019
1 hr/week
No compensation reported
Bruce E. Ringdahl
Director
On filings since 2019
1 hr/week
No compensation reported
Carl W. Stuart
Director
On filings since 2019
1 hr/week
No compensation reported
Carol Havemann-Lynch
Director
On filings since 2019
1 hr/week
No compensation reported
Casey D. Mahon
Director
On filings since 2019
1 hr/week
No compensation reported
Cassandra S. Foens MD
Director
On filings since 2019
1 hr/week
No compensation reported
Catherine Zaharis
Vice Chair & Director
Vice Chair & Director → Director, 2020
Director → Vice Chair & Director, 2025
On filings since 2019
1 hr/week
No compensation reported
Dyan C. Smith
Director
On filings since 2019
1 hr/week
No compensation reported
Gregs G. Thomopulos
Director
On filings since 2019
1 hr/week
No compensation reported
James W. Carney
Director
On filings since 2019
1 hr/week
No compensation reported
Kevin R. Gruneich
Director
On filings since 2019
1 hr/week
No compensation reported
Mary Joy Stead
Director
On filings since 2019
1 hr/week
No compensation reported
Miekeleen Hart
Director
On filings since 2019
1 hr/week
No compensation reported
P. Sue Beckwith MD
Director
On filings since 2019
1 hr/week
No compensation reported
Perry A. Glassgow
Director
On filings since 2019
1 hr/week
No compensation reported
Thomas J. Veale
Director
On filings since 2019
1 hr/week
No compensation reported
Thomas R. Hanson
Director
On filings since 2019
1 hr/week
No compensation reported
Christopher D. Dewolf
Director
On filings since 2020
1 hr/week
No compensation reported
Mark A. Kaufman
Director
On filings since 2020
1 hr/week
No compensation reported
Soumyo Sarkar
Director
On filings since 2021
1 hr/week
No compensation reported
Barbara Wilson
Director
On filings since 2022
1 hr/week
No compensation reported
Frederick J. Crawford
Director
On filings since 2022
1 hr/week
No compensation reported
Lois A. Eichacker
Director
On filings since 2022
1 hr/week
No compensation reported
Stephen H. Belyn
Director
On filings since 2022
1 hr/week
No compensation reported
John Ruan IV
Director
On filings since 2023
1 hr/week
No compensation reported
Suzanne S. Yoon
Director
On filings since 2023
1 hr/week
No compensation reported
Jeffrey A. Chapman
Director
On filings since 2024
1 hr/week
No compensation reported
Victor M. Alvarez
Director
On filings since 2024
1 hr/week
No compensation reported
Chris Klein
Director
New on the 2025 filing
1 hr/week
No compensation reported
Susan Neely
Director
New on the 2025 filing
1 hr/week
No compensation reported
Derek Pendergast
Vice President & Principal Gifts
Vice President Principal Gifts → Vice President & Principal Gifts, 2022
On filings since 2019
40 hrs/week
$167K (2019) → $233K (2025)
Diane K. Brownlee
Secretary
On filings since 2019
40 hrs/week
$62K (2019) → $243K (2025)
Jim Bethea
Chief Investment Officer
Vice President & Chief Investment Officer → Chief Investment Officer, 2021
On filings since 2019
40 hrs/week
$262K (2019) → $348K (2025)
Linda A. Hartford
Vice President & Chief It Officer
Vice President & Chief Information Technology Officer → Vice President & Chief It Officer, 2020
On filings since 2019
40 hrs/week
$185K (2019) → $242K (2025)
Robert K. Clark
Assistant Vice President - Data Analytics
Vice President Main Campus Development → Assistant Vice President - Data Analytics, 2025
On filings since 2019
40 hrs/week
$227K (2019) → $287K (2025)
Sheila Baldwin
Vice President & Assistant Secretary
Vice President Health Sciences Development → Vice President & Assistant Secretary, 2023
On filings since 2019
40 hrs/week
$217K (2019) → $375K (2025)
Sherri P. Furman
CFO & Treasurer
On filings since 2019
40 hrs/week
$221K (2019) → $330K (2025)
Tom K. Deprenger
Vice President Principal Gifts
On filings since 2019
40 hrs/week
$220K (2019) → $252K (2025)
Kevin Collins
Associate Vice President Development
Development Officer → Associate Vice President Development, 2025
On filings since 2021
40 hrs/week
$182K (2021) → $219K (2025)
Colin Hennessy
Vice President Alumni & Donor Engagement
On filings since 2023
40 hrs/week
$122K (2023) → $281K (2025)
Laura Seamans
Vice President - Talent Management
New on the 2025 filing
40 hrs/week
$215K (2025)
Tara Sterba
Treasurer
New on the 2025 filing
40 hrs/week
$166K (2025)
Former officers (22)
- Former: Janice R. Ellig (2019–2024) — Vice Chair & Director
- Former: Nathan R. Tross (2019–2024) — Director
- Former: Dale E. Baker (2019–2023) — Director
- Former: Kathleen A. Dore (2019–2023) — Director
- Former: Kurt Langel (2023) — Vice President Talent Management
- Former: David A. Hoak (2019–2022) — Director
- Former: Katherine A. Petersen Linder (2019–2022) — Director
- Former: Nolden Gentry (2019–2022) — Director
- Former: Tiffani K. Shaw (2019–2022) — Vice President & Assistant Secretary
- Former: Erin Lewis (2020–2022) — Vice President Alumni & Donor Engagement
- Former: Curtis K. Lane (2019–2021) — Director
- Former: David J. Fisher (2019–2021) — Director
- Former: J. Bruce Harreld (2019–2021) — Director
- Former: Leonard A. Hadley (2019–2021) — Director
- Former: Bradley Cunningham (2021) — Vice President, Constituent Insights & Ana
- Former: Dave Dierks (2019–2020) — Vice President
- Former: Katherine A. Petersen L. (2020) — Director
- Former: Donald Heineking (2019) — Director · Filing note: Until 11/2018
- Former: Erin Thomas-Lewis (2019) — Vice President Alumni & Donor Engagement
- Former: Gary F. Seamans (2019) — Director
- Former: John Pappajohn (2019) — Director
- Former: Ralph H. Congdon (2019) — Director · Filing note: Until 11/2018
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 $624K, to Lynette L Marshall (President). 13 officers or directors reported compensation on that filing.
Frequently asked questions about State University of Iowa Foundation
How much does State University of Iowa Foundation give each year?
State University of Iowa Foundation gave $162.7M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $163.6M across 1 grant.
How large is State University of Iowa Foundation?
State University of Iowa Foundation reported $2.3B in total assets on its 2025 IRS Form 990. Its revenue that year was $202.5M.
What is State University of Iowa Foundation?
State University of Iowa Foundation is a public charity focused on Education, based in Iowa City, IA. It holds $2.3B in total assets as of 2025.
Where does State University of Iowa Foundation operate?
State University of Iowa Foundation has awarded grants in Iowa.
What is State University of Iowa Foundation's EIN?
State University of Iowa Foundation's EIN (Employer Identification Number) is 42-0796760. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS April 13, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS March 31, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 12, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 2, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS February 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS November 12, 2025)
- IRS filings on file for fiscal years 2019–2025
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State University of Iowa Foundation down — hundreds of funders to go?