Willard E and Ella P Thompson
Willard E and Ella P Thompson is a private foundation focused on Education, based in Algona, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $7.5M in total assets. In 2025, it awarded 25 grants totaling $360K. Net investment income was $4.1M.
Key facts about Willard E and Ella P Thompson
In short: Willard E and Ella P Thompson gave $360K across 25 grants in 2025 (avg $14K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- EIN
- 36-6028029
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $360,014
- Grants made (2025)
- 25
- Average grant
- $14,401
- Median grant
- $5,758
- Total assets
- $7,538,109
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$7.5M
+96.5% YoY
Annual Giving
$360K
+20.1% YoY
Grant Count
25
+13.6% YoY
Avg Grant Size
$14K
+5.7% YoY
Under IRS private-foundation payout rules, Willard E and Ella P Thompson reported a distributable amount of $326K for 2025 — the minimum it must pay out in qualifying distributions.
How Willard E and Ella P Thompson gives
- 65% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+5%). Method
- In 2025 it paid out 116% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 25 itemized 2025 grant dollars.
States
Cities
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 2025
Grant Size Distribution
65 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| IOWA LAKES COMMUNITY COLLEGE Esterville, IA | SCHOLARSHIPS FOR ALGONA COMMUNITY SCHOOL DISTRICT GRADUATES | $78,116 |
| IOWA STATE UNIVERSITY Ames, IA | SCHOLARSHIPS FOR ALGONA COMMUNITY SCHOOL DISTRICT GRADUATES | $64,316 |
| UNIVERSITY OF NORTHERN IOWA Cedar Falls, IA | SCHOLARSHIPS FOR ALGONA COMMUNITY SCHOOL DISTRICT GRADUATES | $33,904 |
| UNIVERSITY OF IOWA Iowa City, IA | SCHOLARSHIPS FOR ALGONA COMMUNITY SCHOOL DISTRICT GRADUATES | $28,468 |
| DES MOINES AREA COMMUNITY COLLEGE Ankeny, IA | SCHOLARSHIPS FOR ALGONA COMMUNITY SCHOOL DISTRICT GRADUATES | $24,660 |
| IOWA CENTRAL COMMUNITY COLLEGE Fort Dodge, IA | SCHOLARSHIPS FOR ALGONA COMMUNITY SCHOOL DISTRICT GRADUATES | $24,144 |
| PALMER COLLEGE OF CHIROPRACTIC Davenport, IA | SCHOLARSHIPS FOR ALGONA COMMUNITY SCHOOL DISTRICT GRADUATES | $11,516 |
| COE COLLEGE Cedar Rapids, IA | SCHOLARSHIPS FOR ALGONA COMMUNITY SCHOOL DISTRICT GRADUATES | $10,936 |
| IOWA WESTERN COMMUNITY COLLEGE Council Bluffs, IA | SCHOLARSHIPS FOR ALGONA COMMUNITY SCHOOL DISTRICT GRADUATES | $10,098 |
| NORTH IOWA AREA COMMUNITY COLLEGE Mason City, IA | SCHOLARSHIPS FOR ALGONA COMMUNITY SCHOOL DISTRICT GRADUATES | $7,896 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $7,538,109 | $3,836,989 | $3,834,631 |
| Revenue | $4,110,229 | $334,787 | $210,079 |
| Expenses | $412,009 | $352,864 | $352,802 |
| Qualifying Distributions | $377,204 | $324,149 | $318,866 |
| Net Investment Income | $4,075,166 | $306,032 | $180,337 |
| Distributable Amount | $325,927 | $389,550 | $322,266 |
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 April 26, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 19, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 26, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 18, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 29, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Willard E and Ella P Thompson's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Iowa State Bank
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Joe Carter
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (3)
- Former: Bank Of America (2021–2024) — Trustee
- Former: Theresa Kuecker (2022–2024) — Co-Trustee
- Former: Bank Of America N A (2020) — Trustee
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.
Frequently asked questions about Willard E and Ella P Thompson
How much does Willard E and Ella P Thompson give each year?
Willard E and Ella P Thompson gave $360K across 25 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $300K across 22 grants.
What is Willard E and Ella P Thompson's typical grant size?
Willard E and Ella P Thompson's median grant in 2025 was $5,758, and its average grant was $14,401, across 25 grants on its 2025 IRS Form 990-PF.
Where does Willard E and Ella P Thompson give grants?
Willard E and Ella P Thompson 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 Des Moines, IA (3 grants), Ames, IA (2 grants), Cedar Rapids, IA (2 grants) and Mason City, IA (2 grants).
Does Willard E and Ella P Thompson give general operating support?
Not in 2025: none of the 25 grants with a stated purpose on Willard E and Ella P Thompson's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships for Algona Community School District Graduates" (25 grants).
Who are Willard E and Ella P Thompson's largest grantees?
Willard E and Ella P Thompson's largest 2025 grantees include Iowa Lakes Community College ($78,116), Iowa State University ($64,316) and University of Northern Iowa ($33,904), according to its 2025 IRS Form 990-PF. Together they received 49% of its itemized 2025 grant dollars.
How large is Willard E and Ella P Thompson?
Willard E and Ella P Thompson reported $7.5M in total assets on its 2025 IRS Form 990-PF. It paid out $377K in qualifying distributions that year, against a required minimum of $326K (roughly 5% of its investment assets).
What is Willard E and Ella P Thompson?
Willard E and Ella P Thompson is a private foundation focused on Education, based in Algona, IA. It holds $7.5M in total assets as of 2025.
What is Willard E and Ella P Thompson's EIN?
Willard E and Ella P Thompson's EIN (Employer Identification Number) is 36-6028029. 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.
Here's the math on researching Willard E and Ella P Thompson by hand.
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