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Also known as: C/O CITIZENS 1ST NATIONAL BANK
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Sundholm Foundation is a private corporation based in STORM LAKE, IA. The foundation received its IRS ruling in 1964. The principal officer is Citizens 1st National Bank. It holds total assets of $707K. Annual income is reported at $82K. Total assets have grown from $461K in 2011 to $745K in 2023. The foundation is governed by 2 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Iowa. According to available records, Sundholm Foundation has made 56 grants totaling $364K, with a median grant of $5K. Annual giving has grown from $79K in 2020 to $96K in 2023. Grantmaking activity was highest in 2021 with $126K distributed across 15 grants. Individual grants have ranged from $250 to $56K, with an average award of $7K. The foundation has supported 18 unique organizations. Grants have been distributed to organizations in Iowa and Illinois and Minnesota. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$5K
Average Grant
$5K
Largest Grant
$17K
Based on 16 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.
Sundholm Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 56 grants. Its grantmaking reaches organizations primarily in IA, IL, MN.
Sundholm Foundation has distributed a total of $364K across 56 grants. The median grant size is $5K, with an average of $7K. Individual grants have ranged from $250 to $56K.
Sundholm Foundation typically selects its grantees rather than accepting unsolicited proposals.
Sundholm Foundation is headquartered in STORM LAKE, IA. While based in IA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| The Citizens First National Bank | TRUSTEE | $2K | $0 | $2K |
| Julia Mooney | SECY-TREAS. | $0 | $0 | N/A |
Total Giving
$120K
Total Assets
$745K
Fair Market Value
$1.8M
Net Worth
$745K
Grants Paid
$96K
Contributions
N/A
Net Investment Income
$133K
Distribution Amount
$90K
Total: $655K
Total Grants
56
Total Giving
$364K
Average Grant
$7K
Median Grant
$5K
Unique Recipients
18
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Our Savior'S Lutheran ChurchCHARITABLE | Albert City, IA | $28K | 2023 |
| Albert City Historical SocietyCHARITABLE | Albert City, IA | $13K | 2023 |
| Albert City Public LibraryCHARITABLE | Albert City, IA | $13K | 2023 |
| Albert City Fire DepartmentCHARITABLE | Albert City, IA | $10K | 2023 |
| Albert City Threshermen CollectorsCHARITABLE | Albert City, IA | $9K | 2023 |
| Midwest Christian ServicesCHARITABLE | Peterson, IA | $6K | 2023 |
| Hope Haven Fbo Faith Hope & Charity DoundationCHARITABLE | Rock Valley, IA | $6K | 2023 |
| Albert City Park BoardCHARITABLE | Albert City, IA | $5K | 2023 |
| Oak Leyden Development ServicesCHARITABLE | Oak Park, IL | $3K | 2023 |
| Lutheran Braille Evangelism AssociationCHARITABLE | White Bear Lake, MN | $2K | 2023 |
| Council Against Domestic AbuseCHARITABLE | Cherokee, IA | $900 | 2023 |
| Albert City American Legion Post 299CHARITABLE | Albert City, IA | $400 | 2023 |
| Albert City Historical AssociationCHARITABLE | Albert City, IA | $10K | 2022 |
| Pleasant View Manor AuxiliaryCHARITABLE | Albert City, IA | $4K | 2022 |
| American Legion Post 299CHARITABLE | Albert City, IA | $400 | 2022 |
| Albert City Lions ClubCHARITABLE | Albert City, IA | $250 | 2021 |
| Albert City Senior CitizensCHARITABLE | Albert City, IA | $3K | 2020 |