The Richard Morton Root and Ruth Bailey
The Richard Morton Root and Ruth Bailey is a private foundation, based in Urbandale, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $4.1M in total assets. In 2025, it awarded 4 grants totaling $344K. Net investment income was $562K.
Key facts about The Richard Morton Root and Ruth Bailey
In short: The Richard Morton Root and Ruth Bailey gave $344K across 4 grants in 2025 (avg $86K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- EIN
- 39-6779747
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $344,000
- Grants made (2025)
- 4
- Average grant
- $86,000
- Median grant
- $86,000
- Total assets
- $4,078,228
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$4.1M
+5.1% YoY
Annual Giving
$344K
+10.6% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$86K
+10.6% YoY
Under IRS private-foundation payout rules, The Richard Morton Root and Ruth Bailey reported a distributable amount of $347K for 2025 — the minimum it must pay out in qualifying distributions.
How The Richard Morton Root and Ruth Bailey gives
- Giving held roughly steady from 2022 to 2025 (−2%). Method
- In 2025 it paid out 104% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $260K (2019) to $352K (2022). In 2025 it made 4 grants totaling $344K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Central College ($86K). Together the top 4 received $344K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was in the $50–100K range: 20 grants of 20 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Central College Pella, IA | Promote Education | $86,000 |
| Drake University Des Moines, IA | Promote Education | $86,000 |
| Grand View University Des Moines, IA | Promote Education | $86,000 |
| Simpson College Indianola, IA | Promote Education | $86,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $4,078,228 | $3,879,017 | $3,790,278 |
| Revenue | $587,305 | $437,169 | $400,793 |
| Expenses | $387,305 | $348,430 | $319,982 |
| Qualifying Distributions | $361,682 | $327,270 | $298,406 |
| Net Investment Income | $561,682 | $416,009 | $379,217 |
| Distributable Amount | $347,417 | $320,987 | $285,471 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 12, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
- IRS filings on file for fiscal years 2019–2024
Leadership & Key People
Officers and directors from IRS filings
The Richard Morton Root and Ruth Bailey's only listed officer is Iowa State Bank, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
Iowa State Bank
Trustee
On filings since 2019
7 hrs/week
$26K (2019) → $34K (2025)
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 $34K, to Iowa State Bank (Trustee).
Frequently asked questions about The Richard Morton Root and Ruth Bailey
How much does The Richard Morton Root and Ruth Bailey give each year?
The Richard Morton Root and Ruth Bailey gave $344K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $311K across 4 grants.
What is The Richard Morton Root and Ruth Bailey's typical grant size?
The Richard Morton Root and Ruth Bailey's median grant in 2025 was $86,000, and its average grant was $86,000, across 4 grants on its 2025 IRS Form 990-PF.
Where does The Richard Morton Root and Ruth Bailey give grants?
The Richard Morton Root and Ruth Bailey gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Des Moines, IA (2 grants).
Does The Richard Morton Root and Ruth Bailey give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on The Richard Morton Root and Ruth Bailey's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Promote Education" (4 grants).
How large is The Richard Morton Root and Ruth Bailey?
The Richard Morton Root and Ruth Bailey reported $4.1M in total assets on its 2025 IRS Form 990-PF. It paid out $362K in qualifying distributions that year, against a required minimum of $347K (roughly 5% of its investment assets).
What is The Richard Morton Root and Ruth Bailey's EIN?
The Richard Morton Root and Ruth Bailey's EIN (Employer Identification Number) is 39-6779747. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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