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Also known as: FAMILY FOUNDATION
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Michael E Portzen And Sara A Portzen Family Foundation is a private corporation based in PEOSTA, IA. The foundation received its IRS ruling in 2013. It holds total assets of $5.3M. Annual income is reported at $3.1M. Total assets have grown from $100 in 2012 to $3.2M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of community development. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Iowa. According to available records, Michael E Portzen And Sara A Portzen Family Foundation has made 45 grants totaling $3M, with a median grant of $4K. Annual giving has grown from $41K in 2020 to $560K in 2023. Grantmaking activity was highest in 2022 with $1.6M distributed across 24 grants. Individual grants have ranged from $1K to $750K, with an average award of $67K. The foundation has supported 13 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$11K
Average Grant
$14K
Largest Grant
$20K
Based on 3 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.
Michael E Portzen And Sara A Portzen Family Foundation primarily funds organizations in the area of community development. Based on available records, the foundation has funded 45 grants. Its grantmaking reaches organizations primarily in IA.
Michael E Portzen And Sara A Portzen Family Foundation has distributed a total of $3M across 45 grants. The median grant size is $4K, with an average of $67K. Individual grants have ranged from $1K to $750K.
Michael E Portzen And Sara A Portzen Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Michael E Portzen And Sara A Portzen Family Foundation is headquartered in PEOSTA, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael E Portzen | PRESIDENT/DIRECTOR | $0 | $0 | N/A |
| Sara A Portzen | VICE PRESIDENT/DIRECTOR | $0 | $0 | N/A |
Total Giving
$580K
Total Assets
$3.2M
Fair Market Value
$3.2M
Net Worth
$3.2M
Grants Paid
$560K
Contributions
$1M
Net Investment Income
$130K
Distribution Amount
$125K
Total: N/A
Total Grants
45
Total Giving
$3M
Average Grant
$67K
Median Grant
$4K
Unique Recipients
13
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Church Of ResurrectionBUILDING A VISIBLE PRESENCE | Dubuque, IA | $500K | 2023 |
| Steeple SquareCAMPUS UPGRADES | Dubuque, IA | $20K | 2023 |
| Dubuque County Historical SocietyPRESERVE THE WONDER | Dubuque, IA | $15K | 2023 |
| Ne Iowa Community College FoundationFUND FOR EXCELLENCE | Peosta, IA | $10K | 2023 |
| Holy Spirit Parishsacred Heart ChurchCHURCH NEEDS | Dubuque, IA | $4K | 2023 |
| St Raphael'S CathedralCHURCH NEEDS | Dubuque, IA | $3K | 2023 |
| St John'S Catholic ChurchCHURCH NEEDS | Peosta, IA | $1K | 2023 |
| St Columbkille'S ChurchCHURCH NEEDS | Dubuque, IA | $1K | 2023 |
| Nativity ChurchCHURCH NEEDS | Dubuque, IA | $1K | 2023 |
| St Anthony'S ChurchCHURCH NEEDS | Dubuque, IA | $1K | 2023 |
| St Joseph The Worker Catholic ChurchCHURCH NEEDS | Dubuque, IA | $1K | 2023 |
| St Joseph'S Key West ChurchCHURCH NEEDS | Dubuque, IA | $1K | 2023 |
| National Mississippi River MuseumPRESERVE THE WONDER | Dubuque, IA | $15K | 2022 |