University of Iowa Strategic Initiatives Fund
SUPPORT THE STATE UNIVERSITY OF IOWA'S STRATEGIC PLAN IMPLEMENTATION BY PROVIDING GRANTS FOR SCIENTIFIC RESEARCH AND EDUCATIONAL ACTIVITIES AND SUBSIDIZING UTILITY EXPENSES.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2B
+6.2% YoY
Annual Giving
$22.5M
+12.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$22.5M
+12.5% YoY
About University of Iowa Strategic Initiatives Fund
Based on IRS filings
University of Iowa Strategic Initiatives Fund is a nonprofit organization focused on Education, based in IOWA CITY, IA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.2B in total assets. In 2024, it awarded 1 grants totaling $22.5M. Net investment income was $37.2M.
Focus Areas
Ready to take the next step with University of Iowa Strategic Initiatives Fund?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,153,998,796 | $1,086,415,530 | $1,048,103,644 |
| Revenue | $37,232,112 | $26,829,794 | $18,514,853 |
| Expenses | $22,833,554 | $20,322,321 | $13,141,392 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $37,232,112 | $26,829,794 | $18,514,853 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include State University of Iowa ($22,500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| State University of Iowa Iowa City, IA | Strategic Funding Initiatives | $22,500,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| David Barker | Vice President and Director (through 6/11/24) | — | — |
| JC Risewick | Vice President and Director | — | — |
| Rodney Lehnertz | President & Director | 2 | — |
| Erik Lie | Director | 2 | — |
| Thomas Rietz | Director (through 3/25/24) | 2 | — |
| Susan Klatt | Secretary | 2 | — |
| Terry Johnson | Treasurer | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is University of Iowa Strategic Initiatives Fund?
University of Iowa Strategic Initiatives Fund is a nonprofit organization focused on Education, based in IOWA CITY, IA. It holds $1.2B in total assets as of 2024.
How large is University of Iowa Strategic Initiatives Fund?
As of 2024, University of Iowa Strategic Initiatives Fund holds $1.2B in total assets with $37.2M in annual revenue. It awarded 1 grants totaling $22.5M in 2024.
Where does University of Iowa Strategic Initiatives Fund operate?
University of Iowa Strategic Initiatives Fund has awarded grants in Iowa.
What size grants does University of Iowa Strategic Initiatives Fund award?
In 2024, University of Iowa Strategic Initiatives Fund awarded 1 grants totaling $22.5M — an average of about $22.5M per grant, based on its IRS Form 990 filings.
What is University of Iowa Strategic Initiatives Fund's EIN?
University of Iowa Strategic Initiatives Fund's EIN (Employer Identification Number) is 84-4628214. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.