Midwestone Bank Foundation
Preselected recipients only
Midwestone Bank Foundation is a private foundation in Iowa City, Iowa. In tax year 2025 it gave $240,582 in 50 grants; the typical grant was $5,000 and the largest $15,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$240,582
- Number of grants50
- Typical grant$5,000
- Largest grant$15,000
- Assets$5.1 million
- New grantees50%
Giving in 2025 was up from $206,457 the year before.
50% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $240,323 | 58 | $4.4 million |
| 2024 | $206,457 | 47 | $4.8 million |
| 2025 | $240,582 | 50 | $5.1 million |
How to apply
Midwestone Bank Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Foundation website IRS filings on ProPublica
What Midwestone Bank Foundation funds
Where it gives
Its grants went to recipients in 4 states, the most to Iowa.
| State | Grants | Amount |
|---|---|---|
| Iowa | 33 | $160,332 |
| Wisconsin | 10 | $47,750 |
| Minnesota | 6 | $27,500 |
| Colorado | 1 | $5,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Dubuque Community Y | Construction of new building | $15,000 |
| Community Foundation of Johnson County | North liberty centennial park: next stage charitable giving fund | $7,500 |
| Inspiring Community Inc | Design and construction of new fire station | $7,500 |
| City of Fennimore | Library expansion and remodeling project | $6,250 |
| Anoka County Brotherhood Council | Improvements to the acbc food shelf | $5,000 |
| Bobcat Legacy Foundation Inc | Installation of new turf field at western dubuque high in epworth, ia | $5,000 |
| Christian Community Development DBA Hous | New house of hope empowerment center | $5,000 |
| City of Farley | General operating fund | $5,000 |
| City of Pella | City of pella recreation center project | $5,000 |
| Dyersville Industries Inc | Construction of a new building, playground equipment and capital improvements to the knepper child care center | $5,000 |
| Greater Burlington Partnership | General operating fund | $5,000 |
| Grundy County Memorial Hospital Foundation | Final phase of grundy county memorial hospital building expansion project | $5,000 |
| Habitat for Humanity of Metro Denver | General operating fund | $5,000 |
| Hills & Dales | General operating fund | $5,000 |
| Osceola High | Video scoreboard anchor partnership | $5,000 |
| Pella Community Foundation-Spirit of Pella | General operating fund | $5,000 |
| Riverside Theatre | General operating fund | $5,000 |
| Southwest Wisconsin Technical College Fo | Purchase of new prescision agronomy classroom equipment | $5,000 |
| City of Lancaster | Fire and rescue station renovations project | $5,000 |
| Parkersburg Fire Association | Purchase of compliant self-containted breathing apparatus | $5,000 |
| Cedar Rapids Public Library Foundation | New permanent facility in westdale neighborhood | $5,000 |
| Newbo City Market | Next level local capital campaign | $5,000 |
| St Luke's Healthcare Foundation | New abbe mental health center facility | $5,000 |
| Bike Library | Youth bike initiative | $5,000 |
| Muscatine Community College | Expansion of muscatine industry and technology center | $5,000 |
| North Liberty Community Food Pantry | New facility | $5,000 |
| West Liberty Public Library | Library renovations | $5,000 |
| Forest Lake Blue Line Club | Renovation of forest lake high school hocker locker room | $5,000 |
| Friends of Mahaska County Conservation | Purchase of playscape equipment for musical walk and sensory areas | $5,000 |
| Osceola Medical Center | General operating fund | $5,000 |
| Our Neighbors' Place | General operating fund | $5,000 |
| Stepping Stone Emergency Housing | General operating fund | $5,000 |
| Summit Academy Oic | General operating fund | $5,000 |
| Stma Food Pantry and Community Outreach | General operating fund | $5,000 |
| Grant Regional Health Center | General operating fund | $5,000 |
| Keokuk County Childcare Network | General operating fund | $5,000 |
| Multicultural Development Center of Iowa | General operating fund | $5,000 |
| City Hope Foundation | General operating fund | $4,000 |
| Coralville Community Food Pantry | General operating fund | $4,000 |
| Stonehill Communities | Purchase of specialized diathermy | $4,000 |
Officers and trustees
- Charles N Funk
- Chip Reeves
- Jenny Olson
- Larry D Albert
- Len Devaisher
- Ruth Heinonen
- Elda Macias
- Tyler Kruse
Questions people ask
Does Midwestone Bank Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Midwestone Bank Foundation give?
$240,582 in tax year 2025, across 50 grants, with a typical grant of $5,000.
Who runs Midwestone Bank Foundation?
Its 2025 filing lists Charles N Funk (President), Chip Reeves (Vice President), Jenny Olson (Secretary) and Larry D Albert (Director) among 8 officers and trustees.
What does Midwestone Bank Foundation fund?
Based on its grants, mainly education, environment and conservation and health.