Valentine Hammes Family & Leopold
Valentine Hammes Family & Leopold is a private foundation focused on Education, based in Madison, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.5M in total assets. In 2025, it awarded 1 grant totaling $124K. Net investment income was $225K.
Valentine Hammes Family & Leopold at a glance
In short: Valentine Hammes Family & Leopold gave $124K across 1 grant in 2025 (avg $124K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $123,700
- +23.2% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $123,700
- +23.2% vs 2024
- Median grant
- $123,700
- Total assets
- $2,484,610
- +3.1% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Valentine Hammes Family & Leopold funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Iowa State University ($124K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Valentine Hammes Family & Leopold gives
- Giving held roughly steady from 2022 to 2025 (+3%). Method
- In 2025 it paid out 92% 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 2019 to 2025, annual grant giving ranged from $60K (2023) to $135K (2020). In 2025 it made 1 grant totaling $124K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Iowa State University Ames, IA | Scholarships | $123,700 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,484,610 | $253,380 | $178,580 | $123,700 | 1 | $150,206 | $224,920 | $162,669 |
| 2024 | $2,410,633 | $120,120 | $152,691 | $100,368 | 1 | $127,470 | $94,811 | $150,802 |
| 2023 | $2,443,193 | $103,117 | $113,975 | $60,000 | 1 | $82,589 | $79,252 | $134,022 |
| 2022 | $2,454,065 | $349,568 | $164,748 | $120,000 | 1 | $141,563 | $326,341 | $131,235 |
| 2021 | $2,271,429 | $107,148 | $47,675 | — | — | $24,882 | $80,664 | $152,360 |
| 2020 | $2,211,963 | $32,261 | $174,790 | $135,000 | 1 | — | $31,381 | $127,906 |
| 2019 | $2,354,611 | $74,708 | $175,762 | $135,000 | 1 | — | $53,079 | $129,407 |
Under IRS private-foundation payout rules, Valentine Hammes Family & Leopold reported a distributable amount of $163K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Valentine Hammes Family & Leopold's only listed officer is US Bank N A, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2019
1 hr/week
$36K (2019) → $50K (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 $50K, to US Bank N a (Trustee).
Frequently asked questions about Valentine Hammes Family & Leopold
How much does Valentine Hammes Family & Leopold give each year?
Valentine Hammes Family & Leopold gave $124K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $100K across 1 grant.
How large is Valentine Hammes Family & Leopold?
Valentine Hammes Family & Leopold reported $2.5M in total assets on its 2025 IRS Form 990-PF. It paid out $150K in qualifying distributions that year, against a required minimum of $163K (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 Valentine Hammes Family & Leopold?
Valentine Hammes Family & Leopold is a private foundation focused on Education, based in Madison, MN. It holds $2.5M in total assets as of 2025.
Where does Valentine Hammes Family & Leopold operate?
Valentine Hammes Family & Leopold has awarded grants in Iowa.
What is Valentine Hammes Family & Leopold's EIN?
Valentine Hammes Family & Leopold's EIN (Employer Identification Number) is 23-7223235. 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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 7, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 5, 2024)
Live grants for the work Valentine Hammes Family & Leopold funds
Education Open opportunities, soonest deadline first.
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