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Richard O Jacobson Foundation Inc. is a private corporation based in DES MOINES, IA. The foundation received its IRS ruling in 1976. The principal officer is Marvin Debner. It holds total assets of $66.7M. Annual income is reported at $45M. Total assets have grown from $4.6M in 2010 to $22.1M in 2022. The foundation is governed by 4 officers and trustees. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Iowa, Minnesota and Florida. According to available records, Richard O Jacobson Foundation Inc. has made 22 grants totaling $24.4M, with a median grant of $326K. Annual giving has decreased from $8.8M in 2020 to $4.2M in 2023. Grantmaking activity was highest in 2022 with $8.9M distributed across 5 grants. Individual grants have ranged from $1K to $5M, with an average award of $1.1M. The foundation has supported 14 unique organizations. Grants have been distributed to organizations in Iowa and Minnesota and Florida. Contributions to this foundation are tax-deductible.
Smallest Grant
$150K
Median Grant
$800K
Average Grant
$1.8M
Largest Grant
$5M
Based on 5 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.
Richard O Jacobson Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in IA, MN, FL.
Richard O Jacobson Foundation Inc. has distributed a total of $24.4M across 22 grants. The median grant size is $326K, with an average of $1.1M. Individual grants have ranged from $1K to $5M.
Qualified institutions under section 170 of the code.
Richard O Jacobson Foundation Inc. is headquartered in DES MOINES, IA. While based in IA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bruce L Rastetter | CHAIRMAN & CEO | $0 | $0 | N/A |
| Carlton T King | VICE PRESIDENT | $0 | $0 | N/A |
| Mark N Larson | TREASURER | $0 | $0 | N/A |
| Will J Hoekman | SECRETARY | $0 | $0 | N/A |
Total Giving
$4.2M
Total Assets
$22.1M
Fair Market Value
$22.1M
Net Worth
$22.1M
Grants Paid
$4.2M
Contributions
$1M
Net Investment Income
$486K
Distribution Amount
$1.2M
Total: $14M
Total Grants
22
Total Giving
$24.4M
Average Grant
$1.1M
Median Grant
$326K
Unique Recipients
14
Most Common Grant
$5M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Trinity Lutheran ChurchContribution | Belmond, IA | $1.4M | 2021 |
| World Food PrizeContribution | Des Moines, IA | $1K | 2021 |
| Iowa State Fair Blue Ribbon FoundationContribution | Des Moines, IA | $4M | 2023 |
| Scholarship AmericaContribution | Saint Peter, MN | $208K | 2023 |
| Blank Park ZooContribution | Des Moines, IA | $10K | 2023 |
| University Of Iowa FoundationContribution | Iowa City, IA | $5M | 2022 |
| Build A Better BelmondContribution | Belmond, IA | $800K | 2022 |
| Pinellas Education FoundationContribution | Largo, FL | $150K | 2022 |
| Chapel By The SeaContribution | Clearwater, FL | $245K | 2021 |
| The Iowa State University FoundationContribution | Ames, IA | $5M | 2020 |
| Every Step FoundationContribution | Des Moines, IA | $100K | 2020 |
| YmcaContribution | Des Moines, IA | $50K | 2020 |
| Variety - The Children'S CharityContribution | Des Moines, IA | $20K | 2020 |
| Belmond Klemme Community School DistrictContribution | Belmond, IA | $7K | 2020 |