//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Cft Foundation is a private corporation based in MASON CITY, IA. The foundation received its IRS ruling in 2001. The principal officer is Gerald M Stambaugh. It holds total assets of $7.3M. Annual income is reported at $4M. Total assets have grown from $1.5M in 2011 to $4.4M in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Iowa and Connecticut. According to available records, Cft Foundation has made 59 grants totaling $1.4M, with a median grant of $5K. Annual giving has decreased from $280K in 2020 to $218K in 2023. Grantmaking activity was highest in 2022 with $466K distributed across 5 grants. Individual grants have ranged from N/A to $318K, with an average award of $24K. The foundation has supported 46 unique organizations. The foundation primarily supports organizations in Iowa, Kentucky, Illinois, which account for 73% of all grants. Grantmaking reaches organizations across 16 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$10K
Average Grant
$19K
Largest Grant
$100K
Based on 15 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Cft Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 59 grants. Its grantmaking reaches organizations primarily in IA, KY, IL.
Cft Foundation has distributed a total of $1.4M across 59 grants. The median grant size is $5K, with an average of $24K. Individual grants have ranged from N/A to $318K.
Cft Foundation typically selects its grantees rather than accepting unsolicited proposals. The foundation selects the charitable organizations to which it plans to contribute based on decisions made at directors' meetings. The donees may vary.
Cft Foundation is headquartered in MASON CITY, IA. While based in IA, the foundation distributes grants to organizations across 16 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jill C Thoreson | PRESIDENT | $0 | $0 | N/A |
| Joseph D Thoreson | VICE PRESIDE | $0 | $0 | N/A |
| Erika Tristan | SECRETARY | $0 | $0 | N/A |
| Kirk Thoreson | TREASURER | $0 | $0 | N/A |
Total Giving
$267K
Total Assets
$4.4M
Fair Market Value
$7.3M
Net Worth
$4.4M
Grants Paid
$218K
Contributions
N/A
Net Investment Income
$340K
Distribution Amount
$325K
Total Grants
59
Total Giving
$1.4M
Average Grant
$24K
Median Grant
$5K
Unique Recipients
46
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Community KitchenGIFT | Mason City, IA | $30K | 2023 |
| Salvation ArmyGIFT | Mason City, IA | $25K | 2023 |
| American Cancer SocietyGIFT | Mason City, IA | $2K | 2023 |
| Child FundGIFT | Rickmond, VA | $400 | 2023 |
| Good ShepherdGIFT | Mason City, IA | $100 | 2023 |
| Hawkeye HarvestGIFT | Mason City, IA | $40K | 2023 |
| AlightGIFT | Lincolnshire, IL | $25K | 2023 |
| Mason City SchoolsGIFT | Mason City, IA | $16K | 2023 |
| Habitat For HumanityGIFT | Mason City, IA | $15K | 2023 |
| St Jude Childrens Research HospitalGIFT | Memphis, TN | $10K | 2023 |
| Music Man SquareGIFT | Mason City, IA | $10K | 2023 |
| UnicefGIFT | New York, NY | $10K | 2023 |
| Stockman HouseGIFT | Mason City, IA | $5K | 2023 |
| Shrine ClubGIFT | Albert Lea, MN | $5K | 2023 |
| KcmrGIFT | Mason City, IA | $4K | 2023 |
| 43 North IowaGIFT | Mason City, IA | $2K | 2023 |
| Iowa State UniversityGIFT | Ames, IA | $2K | 2023 |
| Wright On The ParkGIFT | Mason City, IA | $2K | 2023 |
| American Heart AssociationGIFT | Hiawatha, IA | $2K | 2023 |
| Lake Shore CampGIFT | Milford, IA | $2K | 2023 |
| March Of DimesGIFT | Harlan, IA | $2K | 2023 |
| Heifer ProjectGIFT | Little Rock, AR | $2K | 2023 |
| Presbyterian Mission AgencyGIFT | Louisville, KY | $2K | 2023 |
| Mercy ShipsGIFT | Garden Valley, TX | $1K | 2023 |
| American Red CrossGIFT | Des Moines, IA | $1K | 2023 |
| Make A WishGIFT | Urbandale, IA | $1K | 2023 |
| Iowa Public RadioGIFT | Des Moines, IA | $750 | 2023 |
| Mercy CorpGIFT | Boone, IA | $500 | 2023 |
| St Joseph Indian SchoolGIFT | Chamberlain, SD | $500 | 2023 |
| Wounded WarriorGIFT | Topeka, KS | $250 | 2023 |
| Toys For TotsGIFT | Mason City, IA | $100 | 2023 |
| Boy ScoutsGIFT | Irving, TX | $100 | 2023 |
| Exchange ClubGIFT | Mason City, IA | $100 | 2023 |
| SplcGIFT | Montgomery, AL | N/A | 2023 |
| NiaccGIFT | Mason City, IA | $205K | 2022 |
| University Of IowaGIFT | Iowa City, IA | $200K | 2022 |
| Francis Lauer YssGIFT | Mason City, IA | $50K | 2021 |
| St Marks Lutheran ChurchGIFT | Marion, IA | $3K | 2021 |
| Americares Gulf CenterGIFT | Stamford, CT | $20K | 2020 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA