//
Work at this foundation?
Claim this profile to edit this page and see interest from grant seekers.
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 $69.2M. Annual income is reported at $9.1M. 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.
Richard O Jacobson Foundation Inc. reported 22 individual grants totaling $24 million between 2020 and 2023 across its IRS Form 990-PF filings, with a median grant of $326,167. Half of those grants fell between $62,500 and $1.3 million. Its largest single grant in the record was $5.0 million. Its most recent available filing, for fiscal year 2022, reports $4.2 million in total giving.
Grantmaking is concentrated in IA, which received 16 of the 22 grants on record (73 percent). Of its 15 distinct grantees, 27 percent received funding more than once, so repeat relationships are the exception rather than the norm. Its largest institutional recipients were University Of Iowa Foundation ($7.0 million), Iowa State Fair Blue Ribbon Foundation ($6.5 million) and The Iowa State University Foundation ($5.0 million).
Computed from 22 individual grant records (2020–2023) in this foundation's IRS Form 990-PF Part XV filings, reaching 3 states. Source: IRS 990-PF.
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.
Get a weekly digest of new grants for organizations like yours
Get a free weekly digest of new grant opportunities as they're added to Granted. Unsubscribe anytime.
| 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 |