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.
Key facts about Waverly Community Foundation
In short: Waverly Community Foundation gave $122K across 2 grants in 2025 (avg $61K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- EIN
- 42-6058774
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $122,222
- Grants made (2025)
- 2
- Average grant
- $61,111
- Median grant
- $61,111
- Total assets
- $2,820,008
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Quick answers 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).
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.
Next steps with Waverly Community Foundation
- How to evaluate Waverly Community Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.8M
+6.5% YoY
Annual Giving
$122K
+2.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$61K
+2.0% YoY
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.
About Waverly Community Foundation
Based on IRS filings
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.
Ready to take the next step with Waverly Community Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 2 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,820,008 | $2,648,598 | $2,536,703 |
| Revenue | $155,971 | $119,693 | $59,656 |
| Expenses | $155,552 | $149,660 | $134,703 |
| Qualifying Distributions | $122,222 | $119,884 | $107,850 |
| Net Investment Income | $123,570 | $93,304 | $38,027 |
| Distributable Amount | $132,946 | $126,391 | $119,440 |
Data update history
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)
- Updated Form 990-PF for fiscal year 2025 (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
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| SENIOR CARE CENTERS Waverly, IA | HUMAN SERVICES | $61,622 |
| SCHOLARSHIPS Waverly, IA | EDUCATION | $60,600 |
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
Frequently Asked Questions
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.