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Kofoed Foundation is a private corporation based in WEST BRANCH, IA. The foundation received its IRS ruling in 1999. The principal officer is % John Kofoed. It holds total assets of $451K. Annual income is reported at $171K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Kofoed Foundation has made 16 grants totaling $288K, with a median grant of $14K. Annual giving has grown from $57K in 2021 to $100K in 2024. Individual grants have ranged from $500 to $71K, with an average award of $18K. The foundation has supported 6 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Kofoed Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in IA.
Kofoed Foundation has distributed a total of $288K across 16 grants. The median grant size is $14K, with an average of $18K. Individual grants have ranged from $500 to $71K.
Kofoed Foundation typically selects its grantees rather than accepting unsolicited proposals.
Kofoed Foundation is headquartered in WEST BRANCH, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Karen K Suchomel | PRESIDENT | $0 | $0 | $0 |
| Chris J Kofoed | TREASURER | $0 | $0 | $0 |
| Laurie A Dauber | SECRETARY | $0 | $0 | $0 |
Total Giving
$101K
Total Assets
$533K
Fair Market Value
$791K
Net Worth
$533K
Grants Paid
$100K
Contributions
$0
Net Investment Income
$23K
Distribution Amount
$40K
Total: $487K
Total Grants
16
Total Giving
$288K
Average Grant
$18K
Median Grant
$14K
Unique Recipients
6
Most Common Grant
$10K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Museum Of Danish AmericaHISTORYMUSEUM | Elk Horn, IA | $71K | 2024 |
| Hoover Presidential FoundationPRESIDENTIALEXHIBITS | West Branch, IA | $18K | 2024 |
| Wb United Methodist ChurchGENERAL | West Branch, IA | $10K | 2024 |
| Butch Pedersen Legacy FoundationSCHOLARSHIPS | West Branch, IA | $1K | 2024 |
| Herbert Hoover Library AssnPRESIDENTALEXHIBITSCHARITABLE | West Branch, IA | $2K | 2021 |
| 2019 | 990PF | View |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| Cedar County HistoricalHISTORICAL VILLAGE | Tipton, IA | $500 | 2021 |
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