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Also known as: FUND % CHEROKEE STATE BANK
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William L & Ethel Gund Memorial Fund is a private trust based in CHEROKEE, IA. The foundation received its IRS ruling in 1965. It holds total assets of $1.4M. Annual income is reported at $971K. Total assets have grown from $913K in 2011 to $1.4M in 2024. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. According to available records, William L & Ethel Gund Memorial Fund has made 2 grants totaling $2K, with a median grant of $1K. Annual giving has decreased from $2K in 2021 to $750 in 2023. Individual grants have ranged from $750 to $2K, with an average award of $1K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
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.
William L & Ethel Gund Memorial Fund is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in IA.
William L & Ethel Gund Memorial Fund has distributed a total of $2K across 2 grants. The median grant size is $1K, with an average of $1K. Individual grants have ranged from $750 to $2K.
William L & Ethel Gund Memorial Fund typically selects its grantees rather than accepting unsolicited proposals. The application deadline is MAY 1ST OF EACH YEAR. Preference of available funds to graduates of marcus- meriden-cleghorn community school district, marcus, ia.
William L & Ethel Gund Memorial Fund is headquartered in CHEROKEE, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Cherokee State Bank Trustee | TRUSTEE DEPT | $41K | $0 | $41K |
Total Giving
N/A
Total Assets
$1.4M
Fair Market Value
N/A
Net Worth
$1.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
2
Total Giving
$2K
Average Grant
$1K
Median Grant
$1K
Unique Recipients
2
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mmcru FoundationEDUCATIONAL PURPOSE | Marcus, IA | $750 | 2023 |
| ValedictorianEDUCATIONAL PURPOSE | Marcus, IA | $2K | 2021 |