The Cressant Foundation
The Cressant Foundation is a private foundation focused on Education, based in Des Moines, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 1 grant totaling $95K. Net investment income was $298K.
The Cressant Foundation at a glance
In short: The Cressant Foundation gave $95K across 1 grant in 2024 (avg $95K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $95,000
- -43.3% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $95,000
- +13.4% vs 2023
- Median grant
- $95,000
- Total assets
- $2,704,732
- +6.9% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who The Cressant Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was University of Southern California ($95K).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 7 (43%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Cressant Foundation gives
- Giving held roughly steady from 2021 to 2024 (−15%). Method
- In 2024 it paid out 67% 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 2024, annual grant giving ranged from $95K (2024) to $168K (2023). In 2024 it made 1 grant totaling $95K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Southern California Los Angeles, CA | Pre-Modern Japan Studies Gift | $95,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,704,732 | $302,390 | $128,938 | $95,000 | 1 | $103,440 | $297,821 | $155,085 |
| 2023 | $2,529,305 | $68,126 | $190,245 | $167,576 | 2 | $175,364 | $84,607 | $141,177 |
| 2022 | $2,534,053 | $114,127 | $155,528 | $130,000 | 1 | $141,547 | $52,056 | $148,795 |
| 2021 | $2,714,979 | $379,120 | $152,821 | $112,000 | 1 | $126,882 | $340,333 | $157,624 |
| 2020 | $2,488,679 | $182,634 | $165,961 | $130,000 | 2 | — | $148,348 | $134,296 |
Under IRS private-foundation payout rules, The Cressant Foundation reported a distributable amount of $155K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Cressant Foundation is led by Linda K. Jack, President & Director on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Linda K. Jack
President & Director
On filings since 2020
1.2 hrs/week
$675 (2023) → $0 (2024)
Dave Arens
Secretary & Director
New on the 2024 filing
No compensation reported
Former officers (2)
- Former: Gregory L. Kenyon (2020–2023) — Secretary
- Former: Joan R. Piggott (2020–2023) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $675, to Linda K Jack (President & Director).
Frequently asked questions about The Cressant Foundation
How much does The Cressant Foundation give each year?
The Cressant Foundation gave $95K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $168K across 2 grants.
How large is The Cressant Foundation?
The Cressant Foundation reported $2.7M in total assets on its 2024 IRS Form 990-PF. It paid out $103K in qualifying distributions that year, against a required minimum of $155K (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 The Cressant Foundation?
The Cressant Foundation is a private foundation focused on Education, based in Des Moines, IA. It holds $2.7M in total assets as of 2024.
Where does The Cressant Foundation operate?
The Cressant Foundation has awarded grants in California.
What is The Cressant Foundation's EIN?
The Cressant Foundation's EIN (Employer Identification Number) is 42-1432416. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS December 20, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 27, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Cressant Foundation's focus areas in our free grants database
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