The Geisler-penquite Foundation
The Geisler-Penquite Foundation is a corporate foundation established in 1971, affiliated with Hertz Farm Management Inc. Based in Newton, Iowa, the foundation operates as a 501(c)(3) organization with no employees. It functions primarily as an endowment-focused grantmaker serving the local and regional community.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$16.7M
Grant Count
17
Avg Grant Size
$983K
Grantmaking
The foundation maintains an active grantmaking program, distributing grants across multiple focus areas. In 2022, the foundation made 17 grants to various organizations. Recent grant recipients have included:
Grant Range
s have ranged significantly, with recent awards including a $480,000 grant to Central College in 2022 and a transformative $9 million gift announced in September 2024—the largest single gift in Central College's history.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is concentrated in Iowa, with particular emphasis on the Newton area and surrounding Jasper County region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2022:
- Total Assets: $14,823,285
- Total Revenues: $8,358,188
- Total Expenses: $901,338
- Investment Income and Dividends: $319,141
The foundation's revenue increased significantly in 2022, with investment income rising 85.1% compared to 2021 ($172,391).
| Metric | 2024 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $14,823,285 | $7,617,438 |
| Revenue | $2,367,318 | $8,358,188 | $1,066,636 |
| Expenses | $16,782,850 | $901,338 | $684,388 |
| Qualifying Distributions | $16,539,833 | $800,000 | $600,000 |
| Net Investment Income | $1,921,381 | $8,246,850 | $982,248 |
| Distributable Amount | $669,112 | $626,480 | $814,891 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
68 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAN SKOKAN | PRESIDENT/TREASURER | 1 | — |
| SHERI ROSLIEN | SECRETARY | 1 | — |
| NOREEN OTTO | DIRECTOR | 1 | — |
| EUGENE KNOPH | DIRECTOR | 1 | — |
| ERIC SICKLER | VICE CHAIR | 1 | — |
| JOHN ROSLIEN | DIRECTOR | 1 | — |
| MAURINE TIMMER | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
In September 2024, the Geisler-Penquite Foundation announced a $9 million gift to Central College, marking the largest single gift in the college's history. This transformative contribution underscores the foundation's commitment to educational advancement and demonstrates substantial capacity for major philanthropic investments.
Geisler-Penquite Foundation Announces $9 Million Gift to Central ...Related Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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