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Also known as: FOUNDATION
Herbert L And Nancy M Townsend Foundation is a private corporation based in WILTON, IA. The foundation received its IRS ruling in 2016. The principal officer is % Gary J Schmit. It holds total assets of $21.9M. Annual income is reported at $3M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Herbert L And Nancy M Townsend Foundation has made 36 grants totaling $4.9M, with a median grant of $35K. The foundation has distributed between $1.1M and $1.3M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $1.3M distributed across 10 grants. Individual grants have ranged from $1K to $949K, with an average award of $135K. The foundation has supported 15 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Herbert L And Nancy M Townsend Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 36 grants. Its grantmaking reaches organizations primarily in IA.
Herbert L And Nancy M Townsend Foundation has distributed a total of $4.9M across 36 grants. The median grant size is $35K, with an average of $135K. Individual grants have ranged from $1K to $949K.
Herbert L And Nancy M Townsend Foundation typically selects its grantees rather than accepting unsolicited proposals.
Herbert L And Nancy M Townsend Foundation is headquartered in WILTON, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mark R Gillett | VICE-PRESIDENT | $0 | $0 | $0 |
| Eric J Thomsen | TREASURER | $0 | $0 | $0 |
| Barbara T Soenksen | SECRETARY | $0 | $0 | $0 |
| Dennis M Henning | PRESIDENT | $0 | $0 | $0 |
| Dwight Glenney | DIRECTOR | $0 | $0 | $0 |
Total Giving
$1.4M
Total Assets
$21.4M
Fair Market Value
$26.5M
Net Worth
$21.4M
Grants Paid
$1.3M
Contributions
$0
Net Investment Income
$1M
Distribution Amount
$1.3M
Total: $14.2M
Total Grants
36
Total Giving
$4.9M
Average Grant
$135K
Median Grant
$35K
Unique Recipients
15
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Wilton Community SchoolsGENERAL OPERATING FUND, COMMONS PROJECT, AND TEACHER SUPPORT | Wilton, IA | $763K | 2023 |
| Community Foundation Of Greater MuscatineSCHOLARSHIPS | Muscatine, IA | $176K | 2023 |
| Simpson Memorial Home IncSUPPORT FOR THE WILTON RETIREMENT COMMUNITY | Wilton, IA | $160K | 2023 |
| Cedar County FairSUPPORT FOR BUILDING CAMPAIGN | Tipton, IA | $50K | 2023 |
| Make-A-Wish IowaGENERAL OPERATING FUND | Urbandale, IA | $30K |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| 2023 |
| Young LifeGENERAL OPERATING FUND | Wilton, IA | $20K | 2023 |
| Camp WyomingGENERAL OPERATING FUND | Wyoming, IA | $15K | 2023 |
| City Of WiltonWILTON POLICE DEPARTMENT - SHOP WITH A COP SUPPORT | Wilton, IA | $5K | 2023 |
| Shepherd Of The Cross Lutheran ChurchGENERAL OPERATING FUND | Muscatine, IA | $1K | 2023 |
| Simpson Memorial HomeSUPPORT LELAND SMITH ASSISTED LIVING | West Liberty, IA | $57K | 2022 |
| Hoover Presidential FoundationGENERAL OPERATING FUND | West Branch, IA | $50K | 2022 |
| Wilton Public LibraryGENERAL OPERATING FUND AND BUSINESS INCUBATOR | Wilton, IA | $250K | 2021 |
| Muscatine County FairGENERAL OPERATING FUND | West Liberty, IA | $5K | 2021 |
| Wilton Food PantryGENERAL OPERATING FUND | Wilton, IA | $25K | 2020 |
| Leland Smith Assisted Living CenterGENERATOR | Wilton, IA | $10K | 2020 |
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