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Life Foundation is a private corporation based in IOWA FALLS, IA. The foundation received its IRS ruling in 2008. The principal officer is Joseph Longobardi. It holds total assets of $69K. Annual income is reported at $60K. Total assets have decreased from $119K in 2011 to $59K in 2023. The foundation is governed by 4 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 2016 to 2023. Funding is distributed across 6 states, including Iowa, Colorado, Michigan. According to available records, Life Foundation has made 53 grants totaling $130K, with a median grant of $1K. Annual giving has grown from $26K in 2021 to $43K in 2023. Grantmaking activity was highest in 2022 with $61K distributed across 28 grants. Individual grants have ranged from N/A to $20K, with an average award of $2K. The foundation has supported 30 unique organizations. The foundation primarily supports organizations in Minnesota, Iowa, South Dakota, which account for 57% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$425
Average Grant
$2K
Largest Grant
$10K
Based on 8 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.
Life Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 53 grants. Its grantmaking reaches organizations primarily in MN, IA, SD.
Life Foundation has distributed a total of $130K across 53 grants. The median grant size is $1K, with an average of $2K. Individual grants have ranged from N/A to $20K.
Life Foundation typically selects its grantees rather than accepting unsolicited proposals.
Life Foundation is headquartered in IOWA FALLS, IA. While based in IA, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joseph M Longobardi | DIRECTOR | $0 | $0 | N/A |
| Peter Longobardi | DIRECTOR | $0 | $0 | N/A |
| Joseph Longobardi | PRES/DIR | $0 | $0 | N/A |
| Ann C Longobardi | VP/DIR | $0 | $0 | N/A |
Total Giving
$43K
Total Assets
$59K
Fair Market Value
$59K
Net Worth
$59K
Grants Paid
$43K
Contributions
$50K
Net Investment Income
$122
Distribution Amount
$2K
Total Grants
53
Total Giving
$130K
Average Grant
$2K
Median Grant
$1K
Unique Recipients
30
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lighthouse CenterDONATION | Iowa Falls, IA | $2K | 2021 |
| First ChristianDONATION | Iowa Falls, IA | $1K | 2021 |
| Mashian FoundationDONATION | Hutchinson, MN | $20K | 2023 |
| Diamond Willow MinistriesDONATION | Fort Thompson, SD | $10K | 2023 |
| First Christian Church Of Iowa FallsDONATION | Iowa Falls, IA | $4K | 2023 |
| Oyate ConcernDONATION | Oglala, SD | $3K | 2023 |
| Our Daily BreadDONATION | Grad Rapids, MI | $2K | 2023 |
| Lighthouse Center Of HopeDONATION | Iowa Falls, IA | $2K | 2023 |
| Megan K MillerDONATION | Ackley, IA | $1K | 2023 |
| Scenic City Civic FoundationDODNATION | Iowa Falls, IA | $1K | 2023 |
| Summit MinistriesDONATION | Manitou Springs, CO | $500 | 2023 |
| St Patrick'S CenterDONATION | Wilmington, DE | $150 | 2023 |
| American LungDONATION | Philadelphia, PA | N/A | 2023 |
| Leukemia & Lymphona SocietyDONATION | Washington, DC | N/A | 2023 |
| Mashiah FoundationDONATION | Hutchinson, MN | $20K | 2022 |
| Oyate Concern IncDONATION | Oglala, SD | $3K | 2022 |
| Our Daily Bread MinistriesDONATION | Grand Rapids, MI | $2K | 2022 |
| How101DONATION | Aurora, CO | $1K | 2022 |
| Scenic City Civic Foundation-CDONATION | Iowa Falls, IA | $1K | 2022 |
| Iowa Fallsalden Community ChestDONATION | Iowa Falls, IA | $750 | 2022 |
| Tina Phelps Go Fund MeDONATION FOR MEDICAL EXPENSES | Redwood City, CA | $500 | 2022 |
| Wycliffe AssociatesDONATION | Orlando, FL | $500 | 2022 |
| Boy Scouts Troop 316DONATION | Iowa Falls, IA | $100 | 2022 |
| Friends Of The Barlow LibraryDONATION | Iowa Falls, IA | N/A | 2022 |
| Leukemia & Lymphoma SocietyDONATION | Rye Brook, NY | N/A | 2022 |
| Hope MinistriesDONATION | Des Moines, IA | $10K | 2021 |
| The Leukemia & Lymphoma SocietyDONATION | Rye Brook, NY | $2K | 2021 |
| Iowa Fallsalden SchoolDONATION | Iowa Falls, IA | $750 | 2021 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA