Waverly Community Foundation
Waverly Community Foundation is a private foundation, based in Waverly, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.8M in total assets. In 2025, it awarded 2 grants totaling $122K. Net investment income was $124K.
Waverly Community Foundation at a glance
In short: Waverly Community Foundation gave $122K across 2 grants in 2025 (avg $61K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $122,222
- +2.0% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $61,111
- +2.0% vs 2024
- Median grant
- $61,111
- Total assets
- $2,820,008
- +6.5% 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 Waverly Community Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Senior Care Centers ($62K). Together the top 2 received $122K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was in the $50–100K range: 9 grants of 10 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Waverly Community Foundation gives
- Giving held roughly steady from 2022 to 2025 (−5%). 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 2020 to 2025, annual grant giving ranged from $76K (2020) to $128K (2022). In 2025 it made 2 grants totaling $122K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Senior Care Centers Waverly, IA | Human Services | $61,622 |
| Scholarships Waverly, IA | Education | $60,600 |
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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 | $2,820,008 | $155,971 | $155,552 | $122,222 | 2 | $122,222 | $123,570 | $132,946 |
| 2024 | $2,648,598 | $119,693 | $149,660 | $119,884 | 2 | $119,884 | $93,304 | $126,391 |
| 2023 | $2,536,703 | $59,656 | $134,703 | $107,850 | 2 | $107,850 | $38,027 | $119,440 |
| 2022 | $2,335,132 | $107,135 | $154,613 | $128,215 | 2 | $128,215 | $65,153 | $126,810 |
| 2021 | $2,851,314 | $168,422 | $115,695 | $91,224 | 2 | $91,224 | $147,182 | $131,560 |
| 2020 | $1,877,206 | $188,986 | $95,776 | $75,550 | 2 | — | $169,309 | $117,225 |
Under IRS private-foundation payout rules, Waverly Community Foundation reported a distributable amount of $133K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Waverly Community Foundation's only listed officer is Fidelity Bank AND Trust, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
Fidelity Bank AND Trust
Trustee
On filings since 2022
2 hrs/week
$21K (2022) → $31K (2025)
Former officers (2)
- Former: Julie Versluis (2021) — Trust Officer
- Former: Mark Platte (2020) — Trust Officer
Data from IRS Form 990 filings, 2020–2025. "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 $31K, to Fidelity Bank and Trust (Trustee).
Frequently asked questions about Waverly Community Foundation
How much does Waverly Community Foundation give each year?
Waverly Community Foundation gave $122K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $120K across 2 grants.
How large is Waverly Community Foundation?
Waverly Community Foundation reported $2.8M in total assets on its 2025 IRS Form 990-PF. It paid out $122K in qualifying distributions that year, against a required minimum of $133K (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.
Where does Waverly Community Foundation operate?
Waverly Community Foundation has awarded grants in Iowa.
What is Waverly Community Foundation's EIN?
Waverly Community Foundation's EIN (Employer Identification Number) is 42-6058774. IRS Form 990 filing data is available on this page for 2020–2025.
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 2020 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 30, 2023)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 11, 2024)
- Added Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2026)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2023
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