NORTH LIBERTY, IA

Gerdin Charitable Foundation

Quick Facts

EIN: 421462088
Location: NORTH LIBERTY, IA
Category: Philanthropy & Grantmaking
Total Assets: $67.1M
Annual Income: $7.6M
IRS Ruling Year: 1997
Organization Type: Corporation
Tax Deductibility: Contributions are deductible

About This Foundation

Gerdin Charitable Foundation is a private corporation based in NORTH LIBERTY, IA. The foundation received its IRS ruling in 1997. It holds total assets of $67.1M. Annual income is reported at $7.6M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.

View 990 Filings

Financial Overview

Total Giving

$3.8M

2023+141%

Total Assets

$68.6M

2023+5%

Fair Market Value

$124.8M

2023

Net Worth

$68.6M

2023

Grants Paid

$3.5M

2023

Contributions

2023

Net Investment Income

$7.2M

2023

Distribution Amount

$5.8M

2023

Total Giving by Year

$3.1M

$3.2M

$4M

$4.6M

$4.7M

$7.9M

$4.8M

$4.5M

$1.6M

$3.8M

Asset Growth

$61.5M

$59.1M

$60M

$59M

$57.9M

$52.9M

$51.1M

$61.1M

$65.1M

$68.6M

Investment Portfolio (2023)

Total: $34M

Corporate Stock: $34M

Other Investments: $18.1M

Corporate Stock (65%)

Other Investments (35%)

Expense Breakdown (2023)

Grants Paid$3.5M

Interest$4K

Accounting Fees$3K

Revenue Sources (2023)

Capital Gains (Net): $4.7M
Dividends: $2.5M
Interest: $127K

Financial Details (2023)

Total Revenue: $7.3M
Total Expenses: $3.8M
Exempt Purpose Expenses: $3.6M
Required Distribution: $5.8M
Undistributed Income: $5.1M
Grants Approved (Future): $8M
Total Liabilities: $1
Excise Tax: $101K
Tax Due: $11K

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

Grantmaking Insights

Total Grants

Total Giving

$12.3M

Average Grant

$1.2M

Median Grant

$1.3M

Total Giving by Year

$4.6M (4 grants)

$4.1M (3 grants)

$3.5M (3 grants)

Grant Range

Min$5K

Max$2.5M

Median: $1.3M

Smallest grantLargest grant

Openness to New Grantees (2023)

100%

of 2023 grantees were first-time recipients

Geographic Distribution of Grants

WA: $550K (1)

WI: $5K (1)

IA: $10.2M (7)

PA: $1.5M (1)

IA$10.2M (7)

PA$1.5M (1)

WA$550K (1)

WI$5K (1)

Past Grantees

Recipient	Location	Amount	Year
Luther CollegeREGENTS CENTER RENOVATION PROJECT	Decorah, IA	$2M	2023
University Of Northern Iowa FoundationTO ESTABLISH THE GERDIN FAMILY CHAIR IN GERONTOLOGY	Cedar Falls, IA	$1M	2023
Fred Hutchinson Cancer CenterNAIVE T CELL DEPLETION RESEARCH	Seattle, WA	$550K	2023
Iowa State University FoundationGERDIN BUILDING EXPANSION FUND	Ames, IA	$2M	2021
The University Of Iowa FoundationTHE UNIVERSITY OF IOWA SOCCER OPERATIONS FACILITY	Iowa City, IA	$1.5M	2021
Make-A-Wish Foundation Of IowaGENERAL OPERATING FUND	Urbandale, IA	$655K	2021
Iowa State University FoundationGERDIN BUILDING EXPANSION FUND	Ames, IA	$2.5M	2020
Children'S Hospital Of Philadelphia FoundationCELL THERAPY ADVANCEMENT FUND	Philadelphia, PA	$1.5M	2020
The University Of Iowa FoundationTHE UNIVERSITY OF IOWA FOOTBALL OPERATIONS FACILITY	Iowa City, IA	$600K	2020
Howard Young FoundationHYF-AUTISM	Minocqua, WI	$5K	2020

990-PF Filings

Tax Period	Return Type	View
2023-12	990PF	View Filing
2022-12	990PF	View Filing
2021-12	990PF	View Filing
2020-12	990PF	View Filing
2019-12	990PF	View Filing
2018-12	990PF	View Filing
2017-12	990PF	View Filing
2016-12	990PF	View Filing