The Iowa State Capitol

Form 990-PFTax year 2024EIN 42-1197971

McCommons-Korlick Memorial Trust

A private foundation in Cedar Falls, IA. Its return for tax year 2024 lists 6 grants and $16,500 paid in grants.

Tax year 2024 (period ending Dec 31, 2024), 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
Scholarship
242 Tower Park Drive
Waterloo, IA 50701
(319) 788-6441
Form and materials
Application form to be submitted to Lincoln savings Bank along with high school transcript, results of college entrance exam(s)and written references from a member of the faculty at Gladbrook-Reinbeck High School and one non-related resident of the Gladbrook-Reinbeck Community School District.
Deadlines
Between February 1 and May 1 of each year.
Restrictions
Be a member of the current graduation class or past graduate of the Gladbrook-Reinbeck High School and must have plans to major in medicine, pharmacy, nursing, dentistry, or any of the other medical arts. Recipient(s) will be selected based upon need, general character, and probability of success. Applicant's scholarship record and record of achievement shall be considered in making the award.

Assets and giving by year

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

    $16,500

    Grants listed
    6
    Assets, end of year
    $222,641
  • Tax year 2023

    $16,500

    Grants listed
    4
    Assets, end of year
    $235,238
  • Tax year 2022

    $16,000

    Grants listed
    4
    Assets, end of year
    $247,084
  • Tax year 2021

    $15,600

    Grants listed
    2
    Assets, end of year
    $259,232
  • Tax year 2020

    $18,300

    Grants listed
    4
    Assets, end of year
    $270,855
  • Tax year 2019

    $25,200

    Grants listed
    6
    Assets, end of year
    $284,665
  • Tax year 2018

    $16,800

    Grants listed
    9
    Assets, end of year
    $306,136

Grants paid in 2024

6 grants, largest first

As listed on the return. Grants to individuals show as “Individual”, with purpose and amount only.

  1. Individual

    Assisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice.

    $3,250
  2. Individual

    Assisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice.

    $3,250
  3. Individual

    Assisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice.

    $2,750
  4. Individual

    Assisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice.

    $2,500
  5. Individual

    Assisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice.

    $2,500
  6. Individual

    Assisting the recipient to attend any approved college, junior college, community college, vocational technical school or trade school of the graduate's choice.

    $2,250

Officers, directors and trustees

1 person as filed

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

  • Lincoln Savings BankTrustee Hours 0Pay $0

The return

More foundations

Other foundations in Iowa

  1. Abner & Eliza Black Memorial FundWinterset, IA 3 grants Accepts applications $16,500 giving
  2. Danny Schnepp Memorial Fund TrustSidney, IA 2 grants Accepts applications $16,500 giving
  3. Ruth I Gallup and Loren C Gallup Charitable Trust JesupIndependence, IA 1 grant Preselected only $16,500 giving
  4. Ruth I Gallup and Loren C Gallup Charitable Trust Wapsie ValleyIndependence, IA 1 grant Preselected only $16,500 giving
  5. Iowa Specialty Hospital Foundation - ClarionClarion, IA 2 grants Preselected only $16,502 giving