Walter L McQuiston Community Trust
Walter L McQuiston Community Trust is a private foundation, based in Iowa City, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $599K in total assets. In 2025, it awarded 3 grants totaling $35K. Net investment income was $57K.
Walter L McQuiston Community Trust at a glance
In short: Walter L McQuiston Community Trust gave $35K across 3 grants in 2025 (avg $12K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $34,702
- +23.1% vs 2024
- Grants made (2025)
- 3
- +200.0% vs 2024
- Average grant
- $11,567
- -59.0% vs 2024
- Median grant
- $13,590
- Total assets
- $598,987
- -3.3% 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 October 2026.
Who Walter L McQuiston Community Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Mahaska County YMCA ($15K). Together the top 3 received $35K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Walter L McQuiston Community Trust gives
- Giving held roughly steady from 2022 to 2025 (+18%). Method
- In 2025 it paid out 131% of its IRS minimum distribution (the 5% rule). 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 $25K (2020) to $35K (2025). In 2025 it made 3 grants totaling $35K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mahaska County YMCA Oskaloosa, IA | Parent Resource Center Project | $15,000 |
| Mahaska County Oskaloosa, IA | Courthouse Accessibility | $13,590 |
| City of Oskaloosa Oskaloosa, IA | Public Library Awe Learning Station | $6,112 |
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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 | $598,987 | $65,112 | $50,380 | $34,702 | 3 | $41,319 | $56,718 | $31,428 |
| 2024 | $619,571 | $75,544 | $48,929 | $28,200 | 1 | $35,690 | $62,875 | $32,016 |
| 2023 | $605,270 | $66,482 | $45,306 | $27,100 | 1 | $32,712 | $54,028 | $28,149 |
| 2022 | $562,861 | $68,993 | $48,112 | $29,431 | 1 | $32,885 | $60,132 | $27,100 |
| 2021 | $525,024 | $91,038 | $42,701 | $25,643 | 2 | $29,493 | $78,543 | $27,396 |
| 2020 | $492,977 | $39,874 | $37,981 | $25,000 | 1 | — | $29,790 | $25,643 |
| 2019 | $539,870 | $91,028 | $47,734 | $29,600 | 1 | — | $76,359 | $26,158 |
Under IRS private-foundation payout rules, Walter L McQuiston Community Trust reported a distributable amount of $31K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Walter L McQuiston Community Trust's only listed officer is Midwestone Bank, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
Midwestone Bank
Trustee
On filings since 2019
2 hrs/week
$4K (2019) → $7K (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 $7K, to Midwestone Bank (Trustee).
Frequently asked questions about Walter L McQuiston Community Trust
How much does Walter L McQuiston Community Trust give each year?
Walter L McQuiston Community Trust gave $35K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $28K across 1 grant.
What is Walter L McQuiston Community Trust's typical grant size?
Walter L McQuiston Community Trust's median grant in 2025 was $13,590, and its average grant was $11,567, across 3 grants on its 2025 IRS Form 990-PF.
Where does Walter L McQuiston Community Trust give grants?
Walter L McQuiston Community Trust 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 Oskaloosa, IA (3 grants).
Does Walter L McQuiston Community Trust give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Walter L McQuiston Community Trust's 2025 IRS Form 990-PF were described as general or operating support.
How large is Walter L McQuiston Community Trust?
Walter L McQuiston Community Trust reported $599K in total assets on its 2025 IRS Form 990-PF. It paid out $41K in qualifying distributions that year, against a required minimum of $31K (roughly 5% of its investment assets).
What is Walter L McQuiston Community Trust's EIN?
Walter L McQuiston Community Trust's EIN (Employer Identification Number) is 42-6620053. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 21, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 1, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 19, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 8, 2026)
- IRS filings on file for fiscal years 2019–2025
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