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Midamerican Energy Foundation is a private corporation based in DES MOINES, IA. The foundation received its IRS ruling in 1997. The principal officer is % Corporate Accounting. It holds total assets of $40.2M. Annual income is reported at $8.1M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Midamerican Energy Foundation has made 5 grants totaling $29.1M, with a median grant of $5.6M. Annual giving has decreased from $7.1M in 2020 to $5.6M in 2023. Grantmaking activity was highest in 2022 with $9.6M distributed across 2 grants. Individual grants have ranged from $4.8M to $7.1M, with an average award of $5.8M. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Midamerican Energy Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in IA.
Midamerican Energy Foundation has distributed a total of $29.1M across 5 grants. The median grant size is $5.6M, with an average of $5.8M. Individual grants have ranged from $4.8M to $7.1M.
DISCRETION OF THE BOARD OF DIRECTORS.
Midamerican Energy Foundation is headquartered in DES MOINES, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Aimee S Rooney | TREASURER | $0 | $0 | $0 |
| Kelcey A Brown | PRESIDENT/DIRECTOR | $0 | $0 | $0 |
| Blake M Groen | DIRECTOR | $0 | $0 | $0 |
| Mark D Lowe | VICE PRESIDENT | $0 | $0 | $0 |
| Gretchen W Kraemer | SECRETARY | $0 | $0 | $0 |
Total Giving
$2.4M
Total Assets
$40.2M
Fair Market Value
$40.2M
Net Worth
$34.3M
Grants Paid
$2.4M
Contributions
$13.4M
Net Investment Income
$12.4M
Distribution Amount
$962K
Total Grants
5
Total Giving
$29.1M
Average Grant
$5.8M
Median Grant
$5.6M
Unique Recipients
2
Most Common Grant
$4.8M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Attachment 12GENERAL SUPPORT | See Attachment, IA | $5.6M | 2023 |
| See Attachment 7GENERAL SUPPORT | See Attachment, IA | $7.1M | 2020 |
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