The Iowa State Capitol

Form 990-PFTax year 2024EIN 20-1653464

LSB Foundation

A private foundation in Reinbeck, IA. Its return for tax year 2024 lists 130 grants and $238,759 paid in grants.

Tax year 2024 (period ending Jul 31, 2025), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Accepts applications

The return gives an application contact and rules, as below.

Contact
Ashley Ungs
242 Tower Park Drive
Waterloo, IA 50701
(319) 233-1900
Form and materials
Applications for grants are available at the offices of lincoln savings bank
Deadlines
Applications are reviewed as received on a quarterly basis. All times are specified on the grant.
Restrictions
Grants are made only to tax qualified organizations with in the geographic markets served by lincoln savings bank

Assets and giving by year

7 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2024

    $238,759

    Grants listed
    130
    Assets, end of year
    $83,130
  • Tax year 2023

    $231,546

    Grants listed
    139
    Assets, end of year
    $100,948
  • Tax year 2022

    $273,730

    Grants listed
    153
    Assets, end of year
    $102,391
  • Tax year 2021

    $228,257

    Grants listed
    158
    Assets, end of year
    $101,737
  • Tax year 2020

    $218,637

    Grants listed
    124
    Assets, end of year
    $64,736
  • Tax year 2019

    $231,920

    Grants listed
    141
    Assets, end of year
    $50,928
  • Tax year 2018

    $235,244

    Grants listed
    122
    Assets, end of year
    $55,749

Grants paid in 2024

130 grants, largest first

As listed on the return.

  1. Uni FoundationCedar Falls, IA

    Financial literacy fund support

    $10,000
  2. Cedar Falls Housing Trust FundWaterloo, IA

    General operating support

    $7,500
  3. Central Rivers Aea FoundationCedar Falls, IA

    Leadership in learning project support

    $7,298
  4. Scholarship AmericaReinbeck, IA

    G-R (gladbrook-reinbeck) dollars for scholars support

    $7,164
  5. Scholarship AmericaReinbeck, IA

    G-R (gladbrook-reinbeck) dollars for scholars support

    $5,657
  6. Americans for Independent LivingWaterloo, IA

    New moving truck capital campaign support

    $5,000
  7. Cedar Falls Community Schools FoundationCedar Falls, IA

    Jump in for a new pool support

    $5,000
  8. Chic Behavioral Health and Community ServicesAnkeny, IA

    Chic girls support

    $5,000
  9. Christian Community Development DBA House of HopeWaterloo, IA

    Extending hope campaign support

    $5,000
  10. City of TamaTama, IA

    Safe routes network support

    $5,000
  11. Greene Volunteer Fire DeptGreene, IA

    Fire protection response support

    $5,000
  12. Hawkeye Community College FoundationWaterloo, IA

    Automation & robotics program support

    $5,000
  13. Iowa College FoundationDes Moines, IA

    General operating support

    $5,000
  14. Leader ValleyWaterloo, IA

    Leader in me program support

    $5,000
  15. People Community Health Clinic IncWaterloo, IA

    Capital campaign support

    $5,000
  16. The Iowa CenterDes Moines, IA

    Women's business center support

    $5,000
  17. Northeast Iowa Food BankWaterloo, IA

    Feeding communities project support

    $3,500
  18. Adel Classical AcademyAdel, IA

    General operating support

    $3,000
  19. American Cancer SocietyChicago, IL

    Russell & ann gerdin american cancer society hope lodge support

    $3,000
  20. Cedar Valley Catholic SchoolWaterloo, IA

    General operating support

    $3,000
  21. Des Moines Area Religious CouncilDes Moines, IA

    Food pantry support

    $3,000
  22. Grand View Christian SchoolDes Moines, IA

    General operating support

    $3,000
  23. Grundy Center High SchoolGrundy Center, IA

    General operating support

    $3,000
  24. Junior Achievement of Eastern Iowa IncWaterloo, IA

    Dream, believe, achieve: youth economic education programs support

    $3,000
  25. St James Lutheran ChurchJohnston, IA

    Raise the roof project support

    $3,000
  26. Tori's AngelsPanora, IA

    General operating support

    $3,000
  27. Boys & Girls Club of Central IowaDes Moines, IA

    Power hour support

    $2,500
  28. Boys & Girls Club of the Cedar ValleyWaterloo, IA

    STEM stars program support

    $2,500
  29. City of ReinbeckReinbeck, IA

    Aquatic center new bathhouse support

    $2,500
  30. Greater Des Moines Habitat for HumanityDes Moines, IA

    Home preservation: adel "rock the block" support

    $2,500
  31. Grundy County Heritage FoundationMorrison, IA

    Pioneer trail support

    $2,500
  32. Hospice of Central IowaDes Moines, IA

    General operating support

    $2,500
  33. Lutheran Services in Iowa IncWaterloo, IA

    Early childhood support for butler, grundy, and tama counties

    $2,500
  34. Northwest Elementary PTOAnkeny, IA

    Ada playground expansion support

    $2,500
  35. Polk County Housing Trust FundDes Moines, IA

    Navigating housing together project support

    $2,500
  36. Project IowaDes Moines, IA

    Cultivating careers project support

    $2,500
  37. Try PieWaterloo, IA

    Teen financial literacy tools support

    $2,500
  38. SLC6A1 ConnectFrisco, TX

    General operating support

    $2,400
  39. Cedar Falls Iowa Historical SocietyCedar Falls, IA

    A home for our history support

    $2,000
  40. Children and Families of IowaDes Moines, IA

    General operating support

    $2,000
  41. Children's Cancer ConnectionJohnston, IA

    Programs & outings support

    $2,000
  42. City of AplingtonAplington, IA

    Support for the pool

    $2,000
  43. I Believe Leadership and Sports AcademyWaterloo, IA

    Empoyering men summit support

    $2,000
  44. Junior Achievement of Central IowaDes Moines, IA

    Stock market challenge support

    $2,000
  45. North Butler High School Scholarship FoundationDes Moines, IA

    Dollars for scholars support - annual scholarship gift

    $2,000
  46. One City UnitedWaterloo, IA

    Momentum urban employment program support

    $2,000
  47. Scholarship AmericaReinbeck, IA

    G-R (gladbrook-reinbeck) dollars for scholars - scholarship

    $2,000
  48. South Tama Music BoostersTama, IA

    General operating support

    $2,000
  49. SparkwheelLawrence, KS

    Integrated support for waterloo schools

    $2,000
  50. Trustees of Grinnell CollegeGrinnell, IA

    Storytime art in the park support

    $2,000
  51. City of WaterlooWaterloo, IA

    Waterloo leisure services commission

    $1,500
  52. Des Moines Art CenterDes Moines, IA

    Community access program support

    $1,500
  53. Dorothy's HouseDes Moines, IA

    Crisis care for sex trafficking and exploitation survivors program support

    $1,500
  54. Hawkeye Community College FoundationWaterloo, IA

    Family literacy project support

    $1,500
  55. Iowa Heartland Habitat for HumanityWaterloo, IA

    Church row neighborhood revitalization support

    $1,500
  56. Iowa International CenterDes Moines, IA

    Free 24/7 emergency interpretation hotline support

    $1,500
  57. Northeast Iowa Food BankWaterloo, IA

    General operating support

    $1,500
  58. Sleep in Heavenly Peace IncPocatello, ID

    Community build day support

    $1,500
  59. Wreaths Across America DBA Friends of the Iowa Veterans CemeteryAdel, IA

    Program support

    $1,500
  60. Pella Community Food ShelfPella, IA

    General operating support

    $1,440
  61. Aplington-Parkersburg Dollars for ScholarsParkersburg, IA

    General operating support

    $1,200
  62. Cedar Bend Humane Society IncWaterloo, IA

    General operating support

    $1,200
  63. Salvation Army of Waterloocedar FallsWaterloo, IA

    General operating support

    $1,200
  64. YWCA of Black Hawk CountyWaterloo, IA

    General operating support

    $1,200
  65. Adel Desoto Miniburn Community School District Scholarship FoundationAdel, IA

    Dollars for scholars support - annual scholarship gift

    $1,000
  66. African American Historical & Cultural MuseumWaterloo, IA

    General operating support

    $1,000
  67. Ankeny Dollars for ScholarsAnkeny, IA

    Dollars for scholars support - annual scholarship gift

    $1,000
  68. Aplington Recreation ComplexAplington, IA

    General operating support

    $1,000
  69. Aplington-Parkersburg Dollars for ScholarsParkersburg, IA

    Dollars for scholars support - annual scholarship gift

    $1,000
  70. Boy Scouts of America Troop 1026Irving, TX

    Cemetery directory support

    $1,000
  71. Camp Hertko HollowDes Moines, IA

    General operating support

    $1,000
  72. Community Foundation of Northeast IowaWaterloo, IA

    Dollars for scholars support - annual scholarship gift

    $1,000
  73. Community Foundation of Northeast IowaWaterloo, IA

    Dollars for scholars support - annual scholarship gift

    $1,000
  74. Exceptional Persons IncWaterloo, IA

    Employment services program support

    $1,000
  75. Friends of the FamilyWaverly, IA

    General operating support

    $1,000
  76. GMG Community School District FoundationGarwin, IA

    Dollars for scholars support - annual scholarship gift

    $1,000
  77. Grinnell Newburg Dollars for ScholarsGrinnell, IA

    Dollars for scholars support - annual scholarship gift

    $1,000
  78. Heart of TransitUrbandale, IA

    General operating support

    $1,000
  79. Hudson Community School DistrictHudson, IA

    General operating support

    $1,000
  80. Hudson Education FundHudson, IA

    Dollars for scholars support - annual scholarship gift

    $1,000
  81. Jewels AcademyDes Moines, IA

    Young women in STEM support

    $1,000
  82. Nashua-Plainfield Education AssociationNashua, IA

    Dollars for scholars support - annual scholarship gift

    $1,000
  83. Northeast Iowa Food BankWaterloo, IA

    General operating support

    $1,000
  84. Northeast Iowa Food BankWaterloo, IA

    General operating support

    $1,000
  85. On with LifeAnkeny, IA

    Homes of hope support

    $1,000
  86. Operation ThresholdWaterloo, IA

    General operating support

    $1,000
  87. Retrieving FreedomSedalia, MO

    General operating support

    $1,000
  88. South Tama Scholarship Foundation IncToledo, IA

    Dollars for scholars support - annual scholarship gift

    $1,000
  89. Stephen Siller Tunnel to Towers FoundationStaten Island, NY

    General operating support

    $1,000
  90. Waterloo Community Schools FoundationWaterloo, IA

    General operating support

    $1,000
  91. Waukee Community Schools FoundationWaukee, IA

    Dollars for scholars support - annual scholarship gift

    $1,000
  92. Winnebago Council Boy Scouts of AmericaWaterloo, IA

    General operating support

    $1,000
  93. Wounded Warrior ProjectJacksonville, FL

    General operating support

    $1,000
  94. Iowa Special Olympics IncGrimes, IA

    General operating support

    $700
  95. Uni FoundationCedar Falls, IA

    General operating support

    $600
  96. Uni FoundationCedar Falls, IA

    General operating support

    $600
  97. Allison Little LambsAllison, IA

    General operating support

    $500
  98. Belle Plaine Community School FoundationBelle Plaine, IA

    General operating support

    $500
  99. Cedar Bend Humane Society IncWaterloo, IA

    General operating support

    $500
  100. Cedar Valley Hospice IncWaterloo, IA

    General operating support

    $500
  101. Christian Community Development DBA House of HopeWaterloo, IA

    General operating support

    $500
  102. Foundation 2 IncCedar Rapids, IA

    General operating support

    $500
  103. Northeast Iowa Food BankWaterloo, IA

    General operating support

    $500
  104. One IowaDes Moines, IA

    General operating support

    $500
  105. SuccesslinkWaterloo, IA

    Young parents together support

    $500
  106. Waverly Pet RescueWaverly, IA

    General operating support

    $500
  107. Winnebago Council Boy Scouts of AmericaWaterloo, IA

    General operating support

    $500
  108. Winnebago Council Boy Scouts of AmericaWaterloo, IA

    General operating support

    $500
  109. Cedar Valley Hospice IncWaterloo, IA

    General operating support

    $400
  110. National TTT SocietyWDM, IA

    General operating support

    $400
  111. Grundy County Heritage FoundationMorrison, IA

    General operating support

    $350
  112. G-R Daycare Little Rebels Learning CenterReinbeck, IA

    General operating support

    $300
  113. Cedar Bend Humane Society IncWaterloo, IA

    General operating support

    $250
  114. Growing Hope GloballyWestern Springs, IL

    General operating support

    $250
  115. Junior Achievement of Eastern Iowa IncWaterloo, IA

    General operating support

    $250
  116. American Cancer SocietyChicago, IL

    General operating support

    $200
  117. American Red CrossFairfax, VA

    General operating support

    $200
  118. Butler County Fair AssociationAllison, IA

    General operating support

    $200
  119. City of ReinbeckReinbeck, IA

    General operating support

    $200
  120. Girls on the Run of Eastern IowaNorth Liberty, IA

    General operating support

    $200
  121. Give Blue HopePapillion, NE

    General operating support

    $200
  122. G-R Daycare Little Rebels Learning CenterReinbeck, IA

    General operating support

    $200
  123. Impact Outdoors IncCedar Falls, IA

    General operating support

    $200
  124. Iowa Special Olympics IncGrimes, IA

    General operating support

    $200
  125. Iowa Women's FoundationCoralville, IA

    General operating support

    $200
  126. North Butler High School Scholarship FoundationDes Moines, IA

    General operating support

    $200
  127. Northeast Iowa Food BankWaterloo, IA

    General operating support

    $200
  128. Northeast Iowa Food BankWaterloo, IA

    General operating support

    $200
  129. Northeast Iowa Food BankWaterloo, IA

    General operating support

    $200
  130. Fort Wilderness Ministries IncRhinelander, WI

    General operating support

    $100

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education11 grants $20,50023% of the total
  2. Housing and shelter6 grants $20,50023% of the total
  3. Human services12 grants $17,30019% of the total
  4. Food and agriculture10 grants $9,79011% of the total
  5. Youth development3 grants $6,0007% of the total
  6. International aid2 grants $3,5004% of the total
  7. 6 other causes14 grants $13,15014% of the total

By State

Grants to organizations with a US address, latest year.

  1. Iowa119 grants $227,409
  2. Illinois3 grants $3,450
  3. Texas2 grants $3,400
  4. Kansas2 grants $3,000
  5. New York1 grant $1,000
  6. Nebraska1 grant $200
  7. Virginia1 grant $200
  8. Wisconsin1 grant $100

Officers, directors and trustees

10 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Sally HollisCHAIRPERSON Hours 0.5Pay $0
  • David DeedsVICE CHAIRPERSON Hours 0.5Pay $0
  • Michael PetersonSECRETARY Hours 0.5Pay $0
  • W Scott BushTRUSTEE Hours 0.5Pay $0
  • Kenneth FurstTRUSTEE Hours 0.5Pay $0
  • Dennis PresnallTRUSTEE Hours 0.5Pay $0
  • Gerald BeechumTRUSTEE Hours 0.5Pay $0
  • Shara ChangTRUSTEE Hours 0.5Pay $0
  • Sean WillettTRUSTEE Hours 0.5Pay $0
  • Spencer CohnTRUSTEE Hours 0.5Pay $0

The return

More foundations

Similar foundations

Same main cause (education), giving between a quarter and four times this foundation’s where possible, nearby first.

  1. The William & Patricia Penn Private FoundationSidney, IA 8 grants Accepts applications $237,672 giving
  2. Mount Saint Clare Education Charitable TrustClinton, IA 14 grants Preselected only $241,000 giving
  3. Margaret B Barry FoundationWest Des Moines, IA 2 grants Preselected only $231,646 giving
  4. Swanson Biggs Adams Family FoundationDes Moines, IA 5 grants Preselected only $249,564 giving
  5. Ana and Ed McCracken FoundationAmes, IA 7 grants Preselected only $254,485 giving