William L and Ethel Gund Memorial Fund % Cherokee State Bank
William L and Ethel Gund Memorial Fund % Cherokee State Bank is a private foundation, based in Cherokee, IA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.4M in total assets. In 2025, it made $485K in qualifying distributions. Net investment income was $127K.
Key facts about William L and Ethel Gund Memorial Fund % Cherokee State Bank
- EIN
- 42-6068287
- Latest 990 filing
- Form 990-PF, 2025
- Total assets
- $1,429,018
Data from IRS Form 990-PF, 2025; updated October 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.4M
-8.1% YoY
Revenue
$180K
-82.9% YoY
Qualifying Distributions
$485K
-4.1% YoY
Expenses
$80K
+22.1% YoY
Under IRS private-foundation payout rules, William L and Ethel Gund Memorial Fund % Cherokee State Bank reported a distributable amount of $431K for 2025 — the minimum it must pay out in qualifying distributions.
How William L and Ethel Gund Memorial Fund % Cherokee State Bank gives
- In 2025 it paid out 113% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Ready to take the next step with William L and Ethel Gund Memorial Fund % Cherokee State Bank?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2023, annual grant giving ranged from $750 (2023) to $2K (2021). In 2023 it made 1 grant totaling $750.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,429,018 | $1,555,431 | $757,109 |
| Revenue | $180,137 | $1,052,904 | $155,939 |
| Expenses | $80,435 | $65,855 | $61,431 |
| Qualifying Distributions | $484,849 | $505,501 | $591,934 |
| Net Investment Income | $127,302 | $137,839 | $149,078 |
| Distributable Amount | $430,936 | $461,427 | $436,233 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 22, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 25, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 25, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 22, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS October 27, 2025)
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
William L and Ethel Gund Memorial Fund % Cherokee State Bank's only listed officer is Cherokee State Bank Trustee, Trustee Dept on every filing since 2021 (compensated).
Officers on the 2025 filing
Cherokee State Bank Trustee
Trustee Dept
On filings since 2021
5 hrs/week
$30K (2021) → $49K (2025)
Data from IRS Form 990 filings, 2021–2025. "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 $49K, to Cherokee State Bank Trustee (Trustee Dept).
Frequently asked questions about William L and Ethel Gund Memorial Fund % Cherokee State Bank
How large is William L and Ethel Gund Memorial Fund % Cherokee State Bank?
William L and Ethel Gund Memorial Fund % Cherokee State Bank reported $1.4M in total assets on its 2025 IRS Form 990-PF. It paid out $485K in qualifying distributions that year, against a required minimum of $431K (roughly 5% of its investment assets).
Where does William L and Ethel Gund Memorial Fund % Cherokee State Bank operate?
William L and Ethel Gund Memorial Fund % Cherokee State Bank has awarded grants in Iowa.
What is William L and Ethel Gund Memorial Fund % Cherokee State Bank's EIN?
William L and Ethel Gund Memorial Fund % Cherokee State Bank's EIN (Employer Identification Number) is 42-6068287. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching William L and Ethel Gund Memorial Fund % Cherokee State Bank by hand.
Explore Open Grants
Browse active grant opportunities in William L and Ethel Gund Memorial Fund % Cherokee State Bank's focus areas in our free grants database
Similar Funders
Similar funders in Iowa
Community Fdn of Greater Des Moines F/K/a Greater Des Moines Community Fdn
Des Moines, IA
The Community Foundation of Greater Des Moines supports projects that improve quality of life in Greater Des Moines, including housing and transportation access, health, economic opportunity, inclusive communities, and nonprofit capacity-building. Its 2024 itemized grants had a median of about $12,900, though awards ranged from roughly $5,000 to $7.34 million.
Assets
$918.7M
Grants
1,259
Total Given
$55.7M
Pella Rolscreen Foundation
Pella, IA
The Pella Rolscreen Foundation supports charitable organizations working in education and community betterment, including civic, cultural, social, and physical-environment programs in communities where Pella Corporation employees live. Large grants generally range from $10,000 to $50,000 and typically cover no more than 25% of project costs; its 2024 grants had a median of $1,029. It accepts unsolicited requests from eligible 501(c)(3) nonprofits and government entities in communities where Pella has manufacturing plants.
Assets
$22.4M
Grants
433
Total Given
$1.9M
Prairie Meadows Race Track and Casino Inc
Altoona, IA
Prairie Meadows supports Iowa nonprofits in arts and culture, education, economic development, human services, and youth sports and recreation; Legacy grants focus on large-scale projects in central Iowa. Its programs offer $100–$1 million for Legacy, $100–$99,999 for Community Betterment, and $1,000–$50,000 for Youth Sports and Recreation. It accepts applications through its online system; the 2026 deadline was February 27, 2026, and has passed.
Assets
$327.6M
Grants
409
Total Given
$33.0M
Iowa Health Care Association Foundation
West Des Moines, IA
The Iowa Health Care Association Foundation funds scholarships and career-education resources for employees of member long-term-care organizations and Iowa high school students pursuing long-term-care careers. Its typical giving level varies: it awarded 287 grants totaling about $4.1 million in 2024, and the listed high school scholarship is $2,000. Its programs focus on Iowa; the profile does not state whether it accepts unsolicited requests.
Assets
$329K
Grants
287
Total Given
$4.1M
Quad Cities Community Foundation
Bettendorf, IA
Quad Cities Community Foundation funds nonprofit operations and programs across areas including education, health, arts and culture, community development, youth, and the environment, primarily in Rock Island County, Illinois, and Scott County, Iowa, with some service to surrounding counties. Its 2024 grants had a median of $15,000; its Operations and Programs Grants program lists requests of $5,000–$20,000.
Assets
$209.7M
Grants
263
Total Given
$7.5M
Dupaco RW Hoefer Foundation
Dubuque, IA
The Dupaco RW Hoefer Foundation supports education, charitable work, and organizations or causes that enhance quality of life, with most 2025 grant dollars going to Iowa, followed by Florida, Wisconsin, and Illinois. Grants ranged from $100 to $100,000, with a median of $1,000. It directs applicants to a grant application form and says it does not restrict giving to preselected organizations.
Assets
$10.2M
Grants
141
Total Given
$440K
New Charitable Foundation
Fort Dodge, IA
Assets
$6K
Grants
264
Total Given
$294K
Ottumwa Regional Legacy Foundation Inc
Ottumwa, IA
The foundation funds community enrichment, nonprofit capacity building, health care, education, housing, and other priorities in Ottumwa and Wapello County, Iowa. Bright Ideas grants are typically $2,500–$30,000; 2024 grants ranged from $20 to $554,112. Its 2024 filing says it does not accept unsolicited funding requests and gives only to preselected organizations.
Assets
$73.8M
Grants
216
Total Given
$3.1M
Community Foundation of Greater Dubuque
Dubuque, IA
It funds community needs across health, education, youth development, arts, social services, nonprofit capacity-building, and collaborative initiatives in a seven-county Eastern Iowa region, including through affiliate foundations. In 2024, its grants had a median of $13,500, with awards ranging from $5,020 to $1,292,499. The profile does not state whether it accepts unsolicited requests.
Assets
$165.4M
Grants
211
Total Given
$8.0M
Greater Cedar Rapids Community Foundation
Cedar Rapids, IA
The Greater Cedar Rapids Community Foundation funds nonprofit programs, operations, capacity building, and community initiatives in areas including education, health and human services, arts and culture, the environment, and public benefit, primarily serving Linn County. Its 2024 grants had a median of $17,656; competitive grant limits range from $3,000 to $30,000 depending on the program, with some larger awards also reported.
Assets
$229.3M
Grants
209
Total Given
$9.4M
The Seidler Foundation
Des Moines, IA
The Seidler Foundation funds need-based postsecondary scholarships for students in specified Iowa school districts, along with selected arts and culture projects and efforts to reduce childhood hunger and improve food access. In 2024, grants ranged from $500 to $300,000, with a median of $10,000; giving is concentrated in Iowa, Wyoming, Missouri, and Kansas. It accepts written requests, and its filing says grants are not restricted to preselected organizations.
Assets
$88.0M
Grants
175
Total Given
$4.1M
RSM US Foundation
Davenport, IA
The RSM US Foundation funds youth education and programs addressing hunger, housing, and health challenges, along with related scholarships, disaster relief, and employee-volunteer grants. Its 2024 grants ranged from $5,255 to $257,835, with a median of $21,534, and were distributed across the United States, with some Power of Love support reaching other countries. The profile does not state whether it accepts unsolicited requests.
Assets
$17.5M
Grants
165
Total Given
$5.5M
More Funders in Iowa
William L and Ethel Gund Memorial Fund % Cherokee State Bank down — hundreds of funders to go?