Walden Charitable Foundation

ARNOLDS PARK, IA EIN: 82-3195023

Walden Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARNOLDS PARK, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 17 grants totaling $127K. Net investment income was $366K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.5M

+16.7% YoY

Annual Giving

$127K

+18.7% YoY

Grant Count

-37.0% YoY

Avg Grant Size

$7K

+88.5% YoY

Under IRS private-foundation payout rules, Walden Charitable Foundation reported a distributable amount of $110K for 2024 — the minimum it must pay out in qualifying distributions.

About Walden Charitable Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Iowa $442K (99%)

Nebraska $4K (1%)

States

Iowa Nebraska

Cities

AnkenyArnolds ParkCliveCrestonDes MoinesEsthervilleFort DodgeGrimesHumboldtIda GroveLemarsMilfordOmahaOrientPapillionPleasant HillSigourneySioux CenterSioux CitySpencer

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,537,019	$2,173,624	$2,084,884
Revenue	$501,088	$197,474	$328,368
Expenses	$137,693	$108,734	$122,615
Qualifying Distributions	$128,030	$108,250	$113,850
Net Investment Income	$366,425	$47,474	$119,907
Distributable Amount	$110,316	$99,963	$91,590

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

101 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Lutheran Lakeside Camp ($20,000), Love Takes Root ($15,000), Spencer Chamber Foundation Flood Recovery Fund ($15,000).

Recipient	Purpose	Amount
ATLAS OF SPENCER SPENCER, IA	FUNDS TO COVER SALARIES, STAFF TRAINING, EMERGENCY FUNDS, AND HOMELESS HELP	$6,000
CLAY COUNTY FOOD FOR LIFE SPENCER, IA	MEAT PROCESSING AND DISTRIBUTION, FOOD INSECURITY	$500
CLAY COUNTY PALS SPENCER, IA	MENTOR/MENTEE AREA ACTIVITIES: BOWLING ALLEY, COOKING AT CHURCH KITCHEN, THEATER, MUSEUMS, CRAFTING	$1,500
CRESTON AREA FOOD SHELF DBA CRESTON FOOD PANTRY INC CRESTON, IA	PRE-K-12 GRADE BACKPACK PROGRAM, SHUT IN BAGS AND WEEKEND BAGS FOR COLLEGE STUDENTS, HOLIDAY BASKETS FOR EASTER & CHRISTMAS	$10,000
CROSSWINDS CHURCH-EFCA SPENCER, IA	ILCC CAMPUS MINISTRY: TRANSPORTATION, ACQUIRE/REPAIR BIKES, GROCERY CARDS, CULTURAL FAIR, FURNITURE, CLOTHING	$7,000
FAMILY CRISIS CENTERS INC SIOUX CENTER, IA	HELP FOR DOMESTIC VIOLENCE, HUMAN TRAFFICKING, VIOLENT CRIMES, HOMELESSNESS SERVES NW IOWA INCLUDING IDA, CLAY AND DICKINSON	$10,000
KINGS & QUEENS LOCAL SPIRIT LAKE, IA	EDUCATING MENTORS, RESPITE FOR FOSTER CARE FAMILIES, SUPPLIES FOR FOSTER FAMILIES	$2,500
LOVE TAKES ROOT SPENCER, IA	SOLAR OVEN FOR YOUNG BAKING ENTREPENEURS IN HAITI AND SCHOOL LUNCH PROGRAM FOR STUDENTS SPOONS, POTS, PLATES, PROPANES, ADDITIONAL GARDEN SUPPLIES BREADFRUIT TREES AND KITCHEN STAFF	$15,000
LUTHERAN LAKESIDE CAMP SPIRIT LAKE, IA	PROVIDE FOSTER KIDS A WEEK AT CAMP AND CAPTIAL CAMPAIGN TO REPLACE/REPAIR WATER/SEWER ISSUES	$20,000
ORIENT UMC MOBILE FOOD PANTRY ORIENT, IA	FOOD TO NEEDY HOUSEHOLDS ONCE MONTHLY = 4,000 POUNDS/MONTH	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KITTY SHEAN CONOVER	DIRECTOR/PRESIDENT	0.1	—
CORNELIUS B CONOVER IV	DIRECTOR	0.1	—
CORNELIUS B CONOVER V	DIRECTOR/VICE-PRESIDENT	0.1	—
NICOLE K STEELE	DIRECTOR/SECRETARY	0.1	—
BRANDON J CONOVER	DIRECTOR	0.1	—
JOSEPH W CONOVER	DIRECTOR/TREASURER	0.1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Walden Charitable Foundation?

Walden Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ARNOLDS PARK, IA. It holds $2.5M in total assets as of 2024.

How large is Walden Charitable Foundation?

As of 2024, Walden Charitable Foundation holds $2.5M in total assets with $501K in annual revenue. It awarded 17 grants totaling $127K in 2024.

Where does Walden Charitable Foundation operate?

Walden Charitable Foundation has awarded grants in Iowa, Nebraska.

What size grants does Walden Charitable Foundation award?

In 2024, Walden Charitable Foundation awarded 17 grants totaling $127K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is Walden Charitable Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Walden Charitable Foundation reported a distributable amount of $110K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.