//
Also known as: FOUNDATION
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
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. Total assets have grown from $96K in 2014 to $21.4M in 2023. The foundation is governed by 5 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 2015 to 2023. Grantmaking is concentrated in Iowa. 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.
Smallest Grant
$10K
Median Grant
$40K
Average Grant
$166K
Largest Grant
$768K
Based on 7 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.
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 | N/A |
| Eric J Thomsen | TREASURER | $0 | $0 | N/A |
| Barbara T Soenksen | SECRETARY | $0 | $0 | N/A |
| Dennis M Henning | PRESIDENT | $0 | $0 | N/A |
| Dwight Glenney | DIRECTOR | $0 | $0 | N/A |
Total Giving
$1.4M
Total Assets
$21.4M
Fair Market Value
$26.5M
Net Worth
$21.4M
Grants Paid
$1.3M
Contributions
N/A
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 | 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 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA