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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. Total assets have grown from $87K in 2011 to $533K in 2023. The foundation is governed by 3 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 2017 to 2024. Grantmaking is concentrated in Iowa. 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.
Smallest Grant
$500
Median Grant
$11K
Average Grant
$14K
Largest Grant
$34K
Based on 4 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.
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 | N/A |
| Chris J Kofoed | TREASURER | $0 | $0 | N/A |
| Laurie A Dauber | SECRETARY | $0 | $0 | N/A |
Total Giving
$101K
Total Assets
$533K
Fair Market Value
$791K
Net Worth
$533K
Grants Paid
$100K
Contributions
N/A
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 |
| Cedar County HistoricalHISTORICAL VILLAGE | Tipton, IA | $500 | 2021 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA