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
Under IRS private-foundation payout rules, The Geisler-penquite Foundation reported a distributable amount of $669K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Central College ($9,077,741), Jasper Community Foundation-newton ($1,983,109), Jasper County Historical Society ($382,861).
| Recipient | Purpose | Amount |
|---|---|---|
| ISU EXTENSION AND OUTREACH NEWTON, IA | ENDOWMENT FUND | $381,990 |
| GREATER DES MOINES HABITAT FOR HUMANITY NEWTON, IA | ENDOWMENT FUND | $368,926 |
| JASPER COUNTY HISTORICAL SOCIETY NEWTON, IA | ENDOWMENT FUND | $382,861 |
| NEWTON DOLLARS FOR SCHOLARS NEWTON, IA | ENDOWMENT FUND | $381,119 |
| NEWTON YMCA NEWTON, IA | ENDOWMENT FUND | $382,861 |
| PROGRESS INDUSTRIES FOUNDATION NEWTON, IA | ENDOWMENT FUND | $382,861 |
| PROJECT AWAKE NEWTON, IA | ENDOWMENT FUND | $379,377 |
| WESLEY PARK CENTRE ASSISTED LIVING NEWTON, IA | ENDOWMENT FUND | $373,977 |
| BAXTER COMMUNITY EDUCATIONAL BAXTER, IA | ENDOWMENT FUND | $380,988 |
| CENTRAL COLLEGE PELLA, IA | ENDOWMENT FUND | $9,077,741 |
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 ...Frequently Asked Questions
How do I apply for a grant from The Geisler-penquite Foundation?
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: • Central College (endowment support) • Scholarship America - Newton Dollars for Scholars (endowment support) • Jasper County Historical Society of Iowa (endowment support) Grant sizes have ranged significantly, with recent awards including a $480,000 grant to Central College in 2022 and a…
Where does The Geisler-penquite Foundation make grants?
The foundation's grantmaking is concentrated in Iowa, with particular emphasis on the Newton area and surrounding Jasper County region.
What size grants does The Geisler-penquite Foundation award?
In 2024, The Geisler-penquite Foundation awarded 17 grants totaling $16.7M — an average of about $983K per grant, based on its IRS Form 990 filings.
How much is The Geisler-penquite Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Geisler-penquite Foundation reported a distributable amount of $669K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Geisler-penquite Foundation's EIN?
The Geisler-penquite Foundation's EIN (Employer Identification Number) is 23-7103845. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Geisler-penquite Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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