The Iowa State Capitol

Form 990-PFTax year 2025EIN 75-3023674

Midwestone Bank Foundation

A private foundation in Iowa City, IA. Its return for tax year 2025 lists 50 grants and $240,582 paid in grants.

Tax year 2025 (period ending Dec 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

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

8 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2025

    $240,582

    Grants listed
    50
    Assets, end of year
    $4,047,158
  • Tax year 2024

    $206,457

    Grants listed
    47
    Assets, end of year
    $3,882,963
  • Tax year 2023

    $240,323

    Grants listed
    58
    Assets, end of year
    $3,831,985
  • Tax year 2022

    $226,627

    Grants listed
    53
    Assets, end of year
    $3,867,410
  • Tax year 2021

    $214,135

    Grants listed
    52
    Assets, end of year
    $3,706,550
  • Tax year 2020

    $178,840

    Grants listed
    47
    Assets, end of year
    $3,406,514
  • Tax year 2019

    $193,336

    Grants listed
    47
    Assets, end of year
    $3,364,121
  • Tax year 2018

    $139,753

    Grants listed
    33
    Assets, end of year
    $2,532,981

Grants paid in 2025

50 grants, largest first

As listed on the return.

  1. Dubuque Community YDubuque, IA

    Construction of new building

    $15,000
  2. Community Foundation of Johnson CountyCoralville, IA

    North liberty centennial park: next stage charitable giving fund

    $7,500
  3. Inspiring Community IncPlatteville, WI

    Design and construction of new fire station

    $7,500
  4. City of FennimoreFennimore, WI

    Library expansion and remodeling project

    $6,250
  5. Anoka County Brotherhood CouncilAnoka, MN

    Improvements to the acbc food shelf

    $5,000
  6. Bobcat Legacy Foundation IncPeosta, IA

    Installation of new turf field at western dubuque high in epworth, ia

    $5,000
  7. Christian Community Development DBA HousWaterloo, IA

    New house of hope empowerment center

    $5,000
  8. City of FarleyFarley, IA

    General operating fund

    $5,000
  9. City of PellaPella, IA

    City of pella recreation center project

    $5,000
  10. Dyersville Industries IncDyersville, IA

    Construction of a new building, playground equipment and capital improvements to the knepper child care center

    $5,000
  11. Greater Burlington PartnershipBurlington, IA

    General operating fund

    $5,000
  12. Grundy County Memorial Hospital FoundationGrundy Center, IA

    Final phase of grundy county memorial hospital building expansion project

    $5,000
  13. Habitat for Humanity of Metro DenverDenver, CO

    General operating fund

    $5,000
  14. Hills & DalesDubuque, IA

    General operating fund

    $5,000
  15. Osceola HighOsceola, WI

    Video scoreboard anchor partnership

    $5,000
  16. Pella Community Foundation-Spirit of PellaPella, IA

    General operating fund

    $5,000
  17. Riverside TheatreIowa City, IA

    General operating fund

    $5,000
  18. Southwest Wisconsin Technical College FoFennimore, WI

    Purchase of new prescision agronomy classroom equipment

    $5,000
  19. City of LancasterLancaster, WI

    Fire and rescue station renovations project

    $5,000
  20. Parkersburg Fire AssociationParkersburg, IA

    Purchase of compliant self-containted breathing apparatus

    $5,000
  21. Cedar Rapids Public Library FoundationCedar Rapids, IA

    New permanent facility in westdale neighborhood

    $5,000
  22. Newbo City MarketCedar Rapids, IA

    Next level local capital campaign

    $5,000
  23. St Luke's Healthcare FoundationCedar Rapids, IA

    New abbe mental health center facility

    $5,000
  24. Bike LibraryIowa City, IA

    Youth bike initiative

    $5,000
  25. Muscatine Community CollegeMuscatine, IA

    Expansion of muscatine industry and technology center

    $5,000
  26. North Liberty Community Food PantryNorth Liberty, IA

    New facility

    $5,000
  27. West Liberty Public LibraryWest Liberty, IA

    Library renovations

    $5,000
  28. Forest Lake Blue Line ClubForest Lake, MN

    Renovation of forest lake high school hocker locker room

    $5,000
  29. Friends of Mahaska County ConservationOskaloosa, IA

    Purchase of playscape equipment for musical walk and sensory areas

    $5,000
  30. Osceola Medical CenterOsceola, WI

    General operating fund

    $5,000
  31. Our Neighbors' PlaceRiver Falls, WI

    General operating fund

    $5,000
  32. Stepping Stone Emergency HousingAnoka, MN

    General operating fund

    $5,000
  33. Summit Academy OicMinneapolis, MN

    General operating fund

    $5,000
  34. Stma Food Pantry and Community OutreachAlbertville, MN

    General operating fund

    $5,000
  35. Grant Regional Health CenterLancaster, WI

    General operating fund

    $5,000
  36. Keokuk County Childcare NetworkSigourney, IA

    General operating fund

    $5,000
  37. Multicultural Development Center of IowaIowa City, IA

    General operating fund

    $5,000
  38. City Hope FoundationBurlington, IA

    General operating fund

    $4,000
  39. Coralville Community Food PantryCoralville, IA

    General operating fund

    $4,000
  40. Stonehill CommunitiesDubuque, IA

    Purchase of specialized diathermy

    $4,000
  41. Butler County FairAllison, IA

    Multi species livestock building project

    $3,333
  42. Hoover Presidential FoundationWest Branch, IA

    Timeless values modern experience campaign

    $3,333
  43. TanagerCedar Rapids, IA

    Camp expansion project

    $3,333
  44. Tri-State Christian SchoolDubuque, IA

    Building renovation project

    $3,333
  45. Bur Oak Land TrustIowa City, IA

    General operating fund

    $2,500
  46. Montfront Public LibraryMontfront, WI

    General operating fund

    $2,500
  47. Allen Memorial Hospital CorporationWaterloo, IA

    General operating fund

    $2,500
  48. Iowa Heartland Habitat for HumanityWaterloo, IA

    General operating fund

    $2,500
  49. City of Forest LakeForest Lake, MN

    Forest lake veterans memorial

    $2,500
  50. St Croix Falls Athletic DepartmentSt Croix Falls, WI

    Founding partnership

    $1,500

Where the money goes

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

  1. Human services3 grants $25,00024% of the total
  2. Education4 grants $20,00019% of the total
  3. Philanthropy and grantmaking2 grants $15,00014% of the total
  4. Housing and shelter3 grants $12,50012% of the total
  5. Community development2 grants $10,00010% of the total
  6. Health2 grants $7,5007% of the total
  7. 3 other causes3 grants $14,00013% of the total

By State

Grants to organizations with a US address, latest year.

  1. Iowa33 grants $160,332
  2. Wisconsin10 grants $47,750
  3. Minnesota6 grants $27,500
  4. Colorado1 grant $5,000

Officers, directors and trustees

8 people as filed

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

  • Charles N FunkPRESIDENT Hours 1Pay $0
  • Chip ReevesVICE PRESIDENT Hours 1Pay $0
  • Jenny OlsonSECRETARY Hours 1Pay $0
  • Larry D AlbertDIRECTOR Hours 1Pay $0
  • Len DevaisherDIRECTOR Hours 1Pay $0
  • Ruth HeinonenDIRECTOR Hours 1Pay $0
  • Elda MaciasDIRECTOR Hours 1Pay $0
  • Tyler KruseTREASURER Hours 1Pay $0

The return

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