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Clausen Family Foundation is a private corporation based in HOLSTEIN, IA. The foundation received its IRS ruling in 2008. The principal officer is Douglas E Clausen. It holds total assets of $147K. Annual income is reported at $9K. Total assets have decreased from $978K in 2011 to $144K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of education. Tax records are available from 2020 to 2023. According to available records, Clausen Family Foundation has made 5 grants totaling $363K, with a median grant of $50K. Annual giving has decreased from $250K in 2021 to $113K in 2022. Individual grants have ranged from $6K to $250K, with an average award of $73K. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in Iowa and Michigan. Contributions to this foundation are tax-deductible.
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.
Clausen Family Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in IA, MI.
Clausen Family Foundation has distributed a total of $363K across 5 grants. The median grant size is $50K, with an average of $73K. Individual grants have ranged from $6K to $250K.
The application deadline is MAY 15TH. $1,500 per scholarship award for each of the 2 years of post secondary education.
Clausen Family Foundation is headquartered in HOLSTEIN, IA. While based in IA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Douglas E Clausen | PRESIDENT/DIRECTOR | $0 | $0 | N/A |
| Joanie S Clausen | SECRETARY/DIRECTOR | $0 | $0 | N/A |
| Randall S Gerritsen | TREASURER/DIRECTOR | $0 | $0 | N/A |
Total Giving
$790
Total Assets
$144K
Fair Market Value
$275K
Net Worth
$144K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
$8K
Distribution Amount
$11K
Total: $128K
Total Grants
5
Total Giving
$363K
Average Grant
$73K
Median Grant
$50K
Unique Recipients
3
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Buena Vista UniversityPOST SECONDARY EDUCATION | Storm Lake, IA | $50K | 2022 |
| Scholarship AmericaPOST SECONDARY EDUCATION | Detroit, MI | $6K | 2022 |
| Iowa College FoundationKINNICK EDGE GIFT FUND | Des Moines, IA | $250K | 2021 |