-
TIN:
Form
990-PF
Department of the Treasury
Internal Revenue Service
Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to
www.irs.gov/Form990PF
for instructions and the latest information.
OMB No. 1545-0047
20
25
Open to Public Inspection
For calendar year 2025, or tax year beginning
01
-
01
2025, and ending
12
-
31
, 20
25
Name of foundation
Grinnell Mutual Group Foundation
Number and street (or P.O. box number if mail is not delivered to street address)
4215 HIGHWAY 146 PO BOX 790
Room/suite
City or town
Grinnell
State or province
IA
Country
ZIP or foreign postal code
501120790
A Employer identification number
42-1308146
B
Telephone number (see instructions)
6412698000
C
If exemption application is pending, check here
G
Check all that apply:
Initial return
Initial return of a former public charity
Address change
Name change
D 1.
Foreign organizations, check here.............
2
. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
If private foundation status was terminated
under section 507(b)(1)(A), check here .......
H
Check type of organization:
Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust
Other taxable private foundation
F
If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......
I
Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)
$
1,000,395
J
Accounting method:
Cash
Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)
Part I
Analysis of Revenue and Expenses
(The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)
(a)
Revenue and
expenses per
books
(b)
Net investment
income
(c)
Adjusted net
income
(d)
Disbursements
for charitable
purposes
(cash basis only)
1
Contributions, gifts, grants, etc., received (attach schedule)
1,363,000
2
Check
.................
3
Interest on savings and temporary cash investments
362
4
Dividends and interest from securities
...
0
0
0
5a
Gross rents
............
b
Net rental income or (loss)
6a
Net gain or (loss) from sale of assets not on line 10
0
b
Gross sales price for all assets on line 6a
0
7
Capital gain net income (from Part IV, line 2)
...
0
8
Net short-term capital gain
.........
9
Income modifications
...........
0
10a
Gross sales less returns and allowances
0
b
Less: Cost of goods sold
....
0
c
Gross profit or (loss) (attach schedule)
.....
0
0
11
Other income (attach schedule)
.......
0
0
0
12
Total.
Add lines 1 through 11
........
1,363,362
0
0
13
Compensation of officers, directors, trustees, etc.
0
0
0
0
14
Other employee salaries and wages
......
0
0
0
0
15
Pension plans, employee benefits
.......
0
0
0
0
16a
Legal fees (attach schedule)
.........
0
0
0
0
b
Accounting fees (attach schedule)
.......
0
0
0
0
c
Other professional fees (attach schedule)
....
0
0
0
0
17
Interest
...............
0
0
0
0
18
Taxes (attach schedule) (see instructions)
...
0
0
0
0
19
Depreciation (attach schedule) and depletion
...
0
0
0
20
Occupancy
..............
0
0
0
0
21
Travel, conferences, and meetings
.......
0
0
0
0
22
Printing and publications
..........
0
0
0
0
23
Other expenses (attach schedule)
.......
0
0
0
0
24
Total operating and administrative expenses.
Add lines 13 through 23
..........
0
0
0
0
25
Contributions, gifts, grants paid
.......
363,272
363,272
26
Total expenses and disbursements.
Add lines 24 and 25
................
363,272
0
0
363,272
27
Subtract line 26 from line 12:
a
Excess of revenue over expenses and disbursements
1,000,090
b
Net investment income
(if negative, enter -0-)
0
c
Adjusted net income
(if negative, enter -0-)
...
0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X
Form
990-PF
(2025)
Form 990-PF (2025)
Page
2
Part II
Balance Sheets
Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.)
Beginning of year
End of year
(a)
Book Value
(b)
Book Value
(c)
Fair Market Value
1
Cash—non-interest-bearing
.............
305
1,000,395
1,000,395
2
Savings and temporary cash investments
.........
0
3
Accounts receivable
Less: allowance for doubtful accounts
4
Pledges receivable
Less: allowance for doubtful accounts
5
Grants receivable
.................
6
Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)
.....
0
0
7
Other notes and loans receivable (attach schedule)
Less: allowance for doubtful accounts
0
0
8
Inventories for sale or use
..............
9
Prepaid expenses and deferred charges
..........
10a
Investments—U.S. and state government obligations (attach schedule)
0
b
Investments—corporate stock (attach schedule)
.......
0
0
c
Investments—corporate bonds (attach schedule)
.......
0
11
Investments—land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
0
12
Investments—mortgage loans
.............
13
Investments—other (attach schedule)
..........
0
14
Land, buildings, and equipment: basis
Less: accumulated depreciation (attach schedule)
0
15
Other assets (describe
)
0
0
0
16
Total assets
(to be completed by all filers—see the
instructions. Also, see page 1, item I)
305
1,000,395
1,000,395
17
Accounts payable and accrued expenses
..........
0
0
18
Grants payable
.................
0
0
19
Deferred revenue
.................
0
0
20
Loans from officers, directors, trustees, and other disqualified persons
0
0
21
Mortgages and other notes payable (attach schedule)
......
0
22
Other liabilities (describe
)
List of Attached Documents:
// Content
0
List of Attached Documents:
// Content
0
23
Total liabilities
(add lines 17 through 22)
.........
0
0
Foundations that follow FASB ASC 958, check here
and complete lines 24, 25, 29 and 30.
24
Net assets without donor restrictions
...........
25
Net assets with donor restrictions
............
Foundations that do not follow FASB ASC 958, check here
and complete lines 26 through 30.
26
Capital stock, trust principal, or current funds
........
27
Paid-in or capital surplus, or land, bldg., and equipment fund
28
Retained earnings, accumulated income, endowment, or other funds
305
1,000,395
29
Total net assets or fund balances
(see instructions)
.....
305
1,000,395
30
Total liabilities and net assets/fund balances
(see instructions)
.
305
1,000,395
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return)
...............
1
305
2
Enter amount from Part I, line 27a
.....................
2
1,000,090
3
Other increases not included in line 2 (itemize)
3
4
Add lines 1, 2, and 3
..........................
4
1,000,395
5
Decreases not included in line 2 (itemize)
5
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b)
..
6
1,000,395
Form
990-PF
(2025)
Form 990-PF (2025)
Page
3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a)
List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)
(b)
How acquired
P—Purchase
D—Donation
(c)
Date acquired
(mo., day, yr.)
(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price
(f)
Depreciation allowed
(or allowable)
(g)
Cost or other basis
plus expense of sale
(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-)
or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69
(j)
Adjusted basis
as of 12/31/69
(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2
Capital gain net income or (net capital loss)
If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7
2
3
Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8
.........................
3
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a
Exempt operating foundations described in section 4940(d)(2), check here
and enter “N/A" on line 1.
Date of ruling or determination letter:
(attach copy of letter if necessary–see instructions)
1
0
b
All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2
Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
2
3
Add lines 1 and 2
...........................
3
4
Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)
4
5
Tax based on investment income.
Subtract line 4 from line 3. If zero or less, enter -0-
.....
5
6
Credits/Payments:
a
2025 estimated tax payments and 2024 overpayment credited to 2025
6a
0
b
Exempt foreign organizations—tax withheld at source
......
6b
c
Tax paid with application for extension of time to file (Form 8868)
...
6c
0
d
Backup withholding erroneously withheld
..........
6d
0
7
Total credits and payments. Add lines 6a through 6d
..............
7
8
Enter any
penalty
for underpayment of estimated tax.
Check here
if Form 2220 is attached.
8
9
Tax due.
If the total of lines 5 and 8 is more than line 7, enter
amount owed
.......
9
0
10
Overpayment.
If line 7 is more than the total of lines 5 and 8, enter the
amount overpaid
...
10
11
Enter the amount of line 10 to be:
Credited to 2026 estimated tax
0
Refunded
11
0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form
990-PF
(2025)
Form 990-PF (2025)
Page
4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign?
....................
1a
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition
.................................
1b
No
If the answer is "Yes" to
1a
or
1b,
attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file
Form 1120-POL
for this year?
.....................
1c
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1)
On the foundation.
$
0
(2)
On foundation managers.
$
0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.
$
0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?
.......
2
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments?
If "Yes," attach a conformed copy of the changes
....
3
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?
.........
4a
No
b
If "Yes," has it filed a tax return on
Form 990-T
for this year?
...................
4b
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?
.........
5
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
By language in the governing instrument, or
By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument?
................
6
Yes
7
Did the foundation have at least $5,000 in assets at any time during the year?
If "Yes," complete Part II, col. (c),
and Part XIV.
.................................
7
Yes
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G?
If "No," attach explanation
.
8b
Yes
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.
If "Yes," complete Part XIII
.............................
9
No
10
Did any persons become substantial contributors during the tax year?
If "Yes," attach a schedule listing their names
and addresses.
List of Attached Documents:
// Content
...............................
10
Yes
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions
.............
11
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions
.................
12
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
Website address
jennifer.bebout@grinnellmututal.com
14
The books are in care of
Jennifer Bebout
Telephone no.
(641) 269-8297
Located at
4215 Highway 146
PO Box 790
Grinnell
IA
ZIP+4
501120790
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of
Form 1041
—check here
.........
and enter the amount of tax-exempt interest received or accrued during the year
........
15
16
At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over
Yes
No
a bank, securities, or other financial account in a foreign country?
.................
16
No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country
Form
990-PF
(2025)
Form 990-PF (2025)
Page
5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1)
Engage in the sale or exchange, or leasing of property with a disqualified person?
...........
1a(1)
No
(2)
Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person?
..............................
1a(2)
No
(3)
Furnish goods, services, or facilities to (or accept them from) a disqualified person?
...........
1a(3)
No
(4)
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
............
1a(4)
No
(5)
Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)?
......................
1a(5)
No
(6)
Agree to pay money or property to a government official? (
Exception.
Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.)
...............
1a(6)
No
b
If any answer is "Yes" to 1a(1)–(6), did
any
of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions
..........
1b
c
Organizations relying on a current notice regarding disaster assistance check here
........
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2025?
.............
1d
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?
....................
2a
No
If "Yes," list the years
20
,
20
,
20
,
20
b
Are there any years listed in 2a for which the foundation is
not
applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to
all
years listed, answer "No" and attach statement—see instructions.)
..............
2b
No
c
If the provisions of section 4942(a)(2) are being applied to
any
of the years listed in 2a, list the years here.
20
,
20
,
20
,
20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year?
..............................
3a
No
b
If "Yes," did it have excess business holdings in 2025 as a result of
(1)
any purchase by the foundation
or disqualified persons after May 26, 1969;
(2)
the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or
(3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.)
.....................
3b
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025?
..
4b
No
Form
990-PF
(2025)
Form 990-PF (2025)
Page
6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
(continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1)
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
..........
5a(1)
No
(2)
Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive?
....................
5a(2)
No
(3)
Provide a grant to an individual for travel, study, or other similar purposes?
.............
5a(3)
No
(4)
Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions
........................
5a(4)
No
(5)
Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals?
.............
5a(5)
No
b
If any answer is "Yes" to 5a(1)–(5), did
any
of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions
........
5b
c
Organizations relying on a current notice regarding disaster assistance check
.........
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant?
.................
5d
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract?
.............................
6a
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?
....
6b
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction?
.....
7b
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year?
.........................
8
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1
List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a)
Name and address
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(If not paid, enter
-0-)
(d)
Contributions to employee benefit plans and deferred compensation
(e)
Expense account,
other allowances
Dave Wingert
List of Attached Documents:
// Content
President
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Lauren Augustin
List of Attached Documents:
// Content
Vice President
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Michelle Papendick
List of Attached Documents:
// Content
Treasurer
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Kami Holmes
List of Attached Documents:
// Content
Director
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Todd Milburn
List of Attached Documents:
// Content
Director
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
David Miller
List of Attached Documents:
// Content
Director
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Nicolle Smith
List of Attached Documents:
// Content
Director
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Mandy Hudnut
List of Attached Documents:
// Content
Secretary
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Shannon Arendt
List of Attached Documents:
// Content
Director
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Angie Albers
List of Attached Documents:
// Content
Director
0.50
0
0
0
4215 Highway 145
PO box 790
Grinnell
,
IA
501120790
Roby Shay
List of Attached Documents:
// Content
Director
0.50
0
0
0
4215 Highway 145
PO Box 790
Grinnell
,
IA
501120790
2
Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a)
Name and address of each employee paid more than $50,000
(b)
Title, and average
hours per week
devoted to position
(c)
Compensation
(d)
Contributions to
employee benefit
plans and deferred
compensation
(e)
Expense account,
other allowances
NONE
Total
number of other employees paid over $50,000
...................
Form
990-PF
(2025)
Form 990-PF (2025)
Page
7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
(continued)
3
Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a)
Name and address of each person paid more than $50,000
(b)
Type of service
(c)
Compensation
NONE
Total
number of others receiving over $50,000 for professional services
.............
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.
Expenses
1
2
3
4
Part VIII-B
Summary of Program-Related Investments
(see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.
Amount
1
2
All other program-related investments. See instructions.
3
Total.
Add lines 1 through 3
.........................
Form
990-PF
(2025)
Form 990-PF (2025)
Page
8
Part IX
Minimum Investment Return
(All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities
...................
1a
53,645
b
Average of monthly cash balances
.......................
1b
0
c
Fair market value of all other assets (see instructions)
................
1c
0
d
Total
(add lines 1a, 1b, and 1c)
.......................
1d
53,645
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation)
List of Attached Documents:
// Content
.............
1e
0
2
Acquisition indebtedness applicable to line 1 assets
..................
2
0
3
Subtract line 2 from line 1d
.........................
3
53,645
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions)
.............................
4
805
5
Net value of noncharitable-use assets.
Subtract line 4 from line 3.
............
5
52,840
6
Minimum investment return.
Enter 5% (0.05) of line 5
................
6
2,642
Part X
Distributable Amount
(see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here
and do not complete this part.)
1
Minimum investment return from Part IX, line 6
..................
1
2,642
2a
Tax on investment income for 2025 from Part V, line 5
.......
2a
0
b
Income tax for 2025. (This does not include the tax from Part V.)
...
2b
0
c
Add lines 2a and 2b
............................
2c
0
3
Distributable amount before adjustments. Subtract line 2c from line 1
............
3
2,642
4
Recoveries of amounts treated as qualifying distributions
................
4
0
5
Add lines 3 and 4
............................
5
2,642
6
Deduction from distributable amount (see instructions)
.................
6
0
7
Distributable amount
as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1
...
7
2,642
Part XI
Qualifying Distributions
(see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d)
..........
1a
363,272
b
Program-related investments—total from Part VIII-B
..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes
...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)
....................
3a
0
b
Cash distribution test (attach the required schedule)
List of Attached Documents:
// Content
.................
3b
0
4
Qualifying distributions.
Add lines 1a through 3b. Enter here and on Part XII, line 4.
.......
4
363,272
Form
990-PF
(2025)
Form 990-PF (2025)
Page
9
Part XII
Undistributed Income
(see instructions)
(a)
Corpus
(b)
Years prior to 2024
(c)
2024
(d)
2025
1
Distributable amount for 2025 from Part X, line 7
2,642
2
Undistributed income, if any, as of the end of 2025:
a
Enter amount for 2024 only
.......
28
b
Total for prior years:
20
,
20
,
20
3
Excess distributions carryover, if any, to 2025:
a
From 2020
......
341,984
b
From 2021
......
230,735
c
From 2022
......
291,492
d
From 2023
......
433,154
e
From 2024
......
554,857
f
Total
of lines 3a through e
........
1,852,222
4
Qualifying distributions for 2025 from Part
XI, line 4:
$
363,272
a
Applied to 2024, but not more than line 2a
b
Applied to undistributed income of prior years
(Election required—see instructions)
.....
c
Treated as distributions out of corpus (Election
required—see instructions)
........
d
Applied to 2025 distributable amount
.....
362
e
Remaining amount distributed out of corpus
362,910
5
Excess distributions carryover applied to 2025.
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6
Enter the net total of each column as
indicated below:
a
Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
2,215,132
b
Prior years’ undistributed income. Subtract
line 4b from line 2b
..........
0
c
Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed
......
d
Subtract line 6c from line 6b. Taxable amount
—see instructions
...........
0
e
Undistributed income for 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions
.............
28
f
Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026
..........
2,280
7
Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions)
.......
0
8
Excess distributions carryover from 2020 not
applied on line 5 or line 7 (see instructions)
...
341,984
9
Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a
......
1,873,148
10
Analysis of line 9:
a
Excess from 2021
....
230,735
b
Excess from 2022
....
291,492
c
Excess from 2023
....
433,154
d
Excess from 2024
....
554,857
e
Excess from 2025
....
362,910
Form
990-PF
(2025)
Form 990-PF (2025)
Page
10
Part XIII
Private Operating Foundations
(see instructions and Part VI-A, question 9)
1a
If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling
......
b
Check box to indicate whether the organization is a private operating foundation described in section
4942(j)(3)
or
4942(j)(5)
2a
Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed
..........
Tax year
Prior 3 years
(e) Total
(a)
2025
(b)
2024
(c)
2023
(d)
2022
b
85% (0.85) of line 2a
.......
c
Qualifying distributions from Part XI,
line 4 for each year listed
.....
d
Amounts included in line 2c not used directly
for active conduct of exempt activities
..........
e
Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c
....
3
Complete 3a, 3b, or 3c for the
alternative test relied upon:
a
“Assets" alternative test—enter:
(1)
Value of all assets
......
(2)
Value of assets qualifying
under section 4942(j)(3)(B)(i)
b
“Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed
..
c
“Support" alternative test—enter:
(1)
Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties)
....
(2)
Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii)
....
(3)
Largest amount of support
from an exempt organization
(4)
Gross investment income
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1
Information Regarding Foundation Managers:
a
List any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
b
List any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2
Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here
if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
GMG Foundation Scholarship
P O Box 790
Grinnell
,
IA
50112
(641) 269-8000
b
The form in which applications should be submitted and information and materials they should include:
Larry Jansen Scholarship Attn: GMG Foundation. Completed application form. Essay not to exceed one page typed and double-spaced: Briefly describe where you plan to attend college and why you chose that school. Also include information on how your job at Grinnell Mutual has influenced your education career choice. Copy of current report card or transcript through first semester trimester of senior year.
c
Any submission deadlines:
3 31 2025
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Must be a dependent child natural adopted or stepchild of a current employee of the company. Have a parent employed with Grinnell Mutual at the time of the application and award presentation. Be a high school graduate of the Class of 2025. Be accepted for post-secondary education to an accredited college university or trade school.
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
GMG Foundation Scholarship
P O Box 790
Grinnell
,
IA
50112
(641) 269-8000
b
The form in which applications should be submitted and information and materials they should include:
Iowa College Foundation Scholarship Attn: GMG Foundation. Completed application form. Essay not to exceed one page outlining your personal and academic background and your goals for the future. Transcript through Fall of 24
c
Any submission deadlines:
3 31 2025
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Must be a dependent child natural adopted or stepchild of a current employee of the company. Have a parent employed with Grinnell Mutual at the time of the application and award presentation. Parent employment verification from Grinnell Mutual or the affiliated Mutual Member emailed to GMGFoundation@grinnellmutual.com.
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
GMG Foundation Scholarship
P O Box 790
Grinnell
,
IA
50112
(641) 269-8000
b
The form in which applications should be submitted and information and materials they should include:
Dan Agnew Scholarship Grinnell High School Guidance Office 1333 Sunset St. Grinnell IA. Completed application personal and college information form questionnaire and personal reference form completed by a non-family member. Essay not to exceed one page typed and double-spaced: Briefly describe the importance of good character and leadership giving a personal illustration. Current transcript or report card first semester senior year
c
Any submission deadlines:
3 31 2025
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Must be a graduate in the top 40 percent of the class. Successfully demonstrate character and leadership. Participate in extracurricular school and community activities. Be accepted for post-secondary education with intent to study education agriculture or business.
a
The name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
GMG Foundation Scholarship
P O Box 790
Grinnell
,
IA
50112
(641) 269-8000
b
The form in which applications should be submitted and information and materials they should include:
Grinnell Mutual Group Foundation Employee Educational Gift Matching Program Attn: Mandy Hudnut GMGFoundation@grinnellmutual.com. Complete form and forward to the educational institution along with your contribution.
c
Any submission deadlines:
12 31 2025
d
Any restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
The employee must complete a donation request form AND provide proof of donation from the designated school. The donation must be made by a Grinnell Mutual active employee and may not be a collection of funds from others. The donation must be made directly to the designated entity: college university or K-12 school. Matching funds will be limited to two requests per year per employee. The MUNIMUM contribution is $50 and MAXIMUM annual match per employee for all education donations is $750. Requests will be considered and processed in the order in which they are received. Annual funding may be limited by the GMG Foundation at its discretion.
Form
990-PF
(2025)
Form 990-PF (2025)
Page
11
Part XIV
Supplementary Information
(continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient
If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
Foundation
status of
recipient
Purpose of grant or
contribution
Amount
Name and address (home or business)
a
Paid during the year
Althoff Catholic High School
5401 West Main Street
Belleville
,
IL
62226
No Relationship
Employee matching fund-Benjamin A Hoffmann
250
Our Lady Queen of Peace School
5915 North Belt West
Belleville
,
IL
62223
No Relationship
Employee matching fund-Benjamin A Hoffmann
500
Iowa College Foundation
505 5th Ave
Suite 1034
Des Moines
,
IA
50309
No Relationship
Scholarship program for 2025-2026
10,000
Iowa State University Foundation
2505 University Blvd
P O Box 2230
Ames
,
IA
50010
No Relationship
Annual GMG Foundation Scholarships 2025-2026
10,000
University of Iowa Foundation
One West Park Rd
Iowa City
,
IA
52246
No Relationship
2025-2026 Scholarships
4,000
University of Iowa Foundation
P O Box 4550
Iowa City
,
IA
52244
No Relationship
Holden Comprehensive Cancer Center 2025 pledge 5th of 5 years
10,000
St Francis Manor Foundation
2021 4th Ave
Grinnell
,
IA
50112
No Relationship
Automatic Door Locking System Grant 2nd of 2 years
12,500
Grinnell Fire Department
1020 Spring St
Grinnell
,
IA
50112
No Relationship
Supplies for Ambulance-3rd of 3 Annual payments
20,000
University of Northern Iowa Foundation
121 Commons
Cedar Falls
,
IA
50613
No Relationship
Project #211888 Grinnell Mutual Group Foundation Scholarship
4,000
University of Iowa Foundation
P O Box 4550
Iowa City
,
IA
52244
No Relationship
Holden Comprehensive Cancer Center 2025 pledge final
10,000
Claude and Dolly Ahrens Foundation
P O Box 284
Grinnell
,
IA
50112
No Relationship
Operational Funds 2nd of 5 years commitment
5,000
Greater Poweshiek Community Foundation
P O Box 344
Grinnell
,
IA
50112
No Relationship
Business Partner in Philanthrophy 2nd of 3 years
5,000
Greater Poweshiek Community Foundation
P O Box 344
Grinnell
,
IA
50112
No Relationship
Grinnell Education Partnership 2nd of 3 yr commitment
20,000
Iowa State University Foundation
2505 University Blvd
P O Box 2230
Ames
,
IA
50010
No Relationship
Employee matching fund-Michael Nedved
450
Dollars for ScholarsBGM
P O Box 469
Brooklyn
,
IA
52211
No Relationship
2025 Fund Donation
1,000
Grand View Christian School
1701 33rd St
Des Moines
,
IA
50317
No Relationship
Employee matching fund-Travis Ryan
50
University of Iowa Foundation
P O Box 4550
Iowa City
,
IA
52244
No Relationship
Employee matching fund-Barb Michael Baker
400
Isabel R Hart
1501 Michael Ave
Grinnell
,
IA
50112
No Relationship
2025 Dan Agnew Scholarship Recipient
1,000
Tristan Graff
919 320th Ave
Grinnell
,
IA
50112
No Relationship
2025 Dan Agnew Scholarship Recipient
1,000
Josephine D Smith
1415 Main Street
Grinnell
,
IA
50112
No Relationship
2025 Dan Agnew Scholarship Recipient
1,000
State University of Iowa Foundation
P O Box 4550
Iowa City
,
IA
52244
No Relationship
Employee matching fund-Mark A Guess
450
Taylor Smith
1488 E 142nd St S
Grinnell
,
IA
50112
No Relationship
Larry Jansen Scholarship Recipient-2025
1,000
Maxwell Wirtz
2502 7th St N E
Winona
,
MN
56093
No Relationship
Larry Jansen Scholarship Recipient-2025
1,000
Mya Spykeman
62971 Krupp Country Lane
Nevada
,
IA
50201
No Relationship
Larry Jansen Scholarship Recipient-2025
1,000
Owen Shepardson
1600 Jade St
Kellogg
,
IA
50135
No Relationship
Larry Jansen Scholarship Recipient-2025
1,000
Madelyn Fenner
2081 E 156th St N
Grinnell
,
IA
50112
No Relationship
Larry Jansen Scholarship Recipient-2025
1,000
Nitish Sankaranthi
14504 Brookview Dr
Johnston
,
IA
50323
No Relationship
Larry Jansen Scholarship Recipient-2025
1,000
Kayla Readshaw
1250 Niland Ave
Oskaloosa
,
IA
50207
No Relationship
Larry Jansen Scholarship Recipient-2025
1,000
Jocelyn Strunk
700 Timberview Drive
Adel
,
IA
50003
No Relationship
Larry Jansen Scholarship Recipient-2025
1,000
Dominick Hoffmann
57 Westbury Drive
Belleville
,
IL
62226
No Relationship
Larry Jansen Scholarship Recipient-2025
1,000
Elizabeth Simbro
2912 S 3rd Ave E
Newton
,
IA
50208
No Relationship
Larry Jansen Scholarship Recipient-2025
1,000
Talyn Spaur
512 N Washington St
Pleasantville
,
IA
50225
No Relationship
Larry Jansen Scholarship Recipient-2025
1,000
Iowa ABI Foundation
400 East Court Ave
Suite 100
Des Moines
,
IA
50309
No Relationship
Business Horizons
5,000
Grinnell United Church of ChristCo
P O Box 322
Grinnell
,
IA
50112
No Relationship
Suds of Love-Laundry and Hygiene Supplies
1,500
Jasper County Agricultural Society
P O Box 31
Colfax
,
IA
50054
No Relationship
Horse Barn and Youth Building restorations
10,000
Grinnell Regional Medical Center Foundation
210 4th Ave
Grinnell
,
IA
50112
No Relationship
ED Exam room and Bathroom upgrades
50,000
Camp Corageous
PO Box 418
Monticello
,
IA
52310
No Relationship
Nature Trail
5,000
JPK Fund
PO Box 284
Grinnell
,
IA
50112
No Relationship
JPK Fund-Grinnell Area Mental Health Consortium
10,000
Greater Poweshiek Community Foundation
PO Box 344
Grinnell
,
IA
50112
No Relationship
GEP Americorps emergency funding
6,000
Lynnville Sully Athletic Booster
PO Box 154
Sully
,
IA
50251
No Relationship
Baseball Field Improvements
5,000
South Tama Activity Booster Inc
P O Box 123
1702 Manding St
Tama
,
IA
52339
No Relationship
Employee matching fund-Norma Svacina
50
BGM Schools
1090 Jackson St
Brooklyn
,
IA
52211
No Relationship
Des Moines Opera Iowa 2026
2,200
Grinnell Newburg School Foundation
P O Box 344
Grinnell
,
IA
50112
No Relationship
General Fund Support
2,000
Marion County Humane Society
P O Box 344
Grinnell
,
IA
50112
No Relationship
Thrift Store Accessories
3,000
BrooklynBear Creek Community Fund
P O Box 212
Brooklyn
,
IA
52211
No Relationship
United Way employee matching donation
1,158
Cedar Valley United Way
425 Cedar St
Suite 300
Waterloo
,
IA
50701
No Relationship
United Way employee matching donation
130
United Way of Central Iowa
1111 9th St
Suite 300
Des Moines
,
IA
50314
No Relationship
United Way employee matching donation
25,102
United Way of East Central Iowa
317 7th Ave SE
Suite 401
Cedar Rapids
,
IA
52401
No Relationship
United Way employee matching donation
4,833
Great Rivers United Way
1855 E Main St
Onalaska
,
WI
54650
No Relationship
United Way employee matching donation
105
Heart of the Ozarks United Way
1404 Southern Hills Center
West Plains
,
IA
65775
No Relationship
United Way employee matching donation
91
United Way of Jasper County
P O Box 844
Newton
,
IA
50208
No Relationship
United Way employee matching donation
4,425
United Way of Johnson and Washingto
1150 5th St
Suite 290
Coralville
,
IA
52241
No Relationship
United Way employee matching donation
927
Kellogg Community Chest
P O Box 254
Kellogg
,
IA
50135
No Relationship
United Way employee matching donation
1,758
Lakes Area United Way
321 S 7th St
Brainerd
,
MN
56401
No Relationship
United Way employee matching donation
130
Laurel Community Chest
P O Box 1
Laurel
,
IA
50141
No Relationship
United Way employee matching donation
649
Lynnville United Fund
P O Box 187
Lynnville
,
IA
50153
No Relationship
United Way employee matching donation
1,386
United Way of Mahaska County
102 1st Ave E
Oskaloosa
,
IA
52577
No Relationship
United Way employee matching donation
3,176
Marion County United Way
P O Box 577
Knoxville
,
IA
50138
No Relationship
United Way employee matching donation
935
Marshalltown Area United Way
709 South Center
Suite 6
Marshalltown
,
IA
50158
No Relationship
United Way employee matching donation
890
Montezuma Community Fund
P O Box 132
Montezuma
,
IA
50171
No Relationship
United Way employee matching donation
3,748
North Central Ohio United Way
125 Executive Dr
Suite 100
Marion
,
OH
43302
No Relationship
United Way employee matching donation
520
United Way of Northeastern South Dakota
P O Box 1065
123 S 2nd St
Aberdeen
,
SD
57402
No Relationship
United Way employee matching donation
260
United Way of Story County
315 Clark Ave
Ames
,
IA
50010
No Relationship
United Way employee matching donation
1,638
Sully United Fund
P O Box 432
Sully
,
IA
50251
No Relationship
United Way employee matching donation
620
Tama County Community Foundation South Tama
3117 Greenhill Circle
Cedar Falls
,
IA
50613
No Relationship
United Way employee matching donation
1,036
United Way of Carlton and Pine County Area
807 Cloquet Ave
Suite 8
Cloquet
,
MN
55720
No Relationship
United Way employee matching donation
286
United Way of CassClay
P O Box 1609
Fargo
,
ND
58107
No Relationship
United Way employee matching donation
676
United Way of Dodge County
P O Box 266
Beaver Dam
,
WI
53916
No Relationship
United Way employee matching donation
100
United Way of Greater High Point
815 Phillips Ave
High Point
,
NC
27262
No Relationship
United Way employee matching donation
1,300
United Way of Greater Stark County
401 Market St N
Suite 300
Canton
,
OH
44702
No Relationship
United Way employee matching donation
390
United Way Illinois Division
1124 Hartman Ln
Belleville
,
IL
62221
No Relationship
United Way employee matching donation
130
United Way of Licking County
P O Box 4490
Newark
,
OH
43058
No Relationship
United Way employee matching donation
156
United Way of Putnam County
P O Box 472
Ottawa
,
OH
45875
No Relationship
United Way employee matching donation
130
United Way of Ross County
69 E Water St
Chillicothe
,
OH
45601
No Relationship
United Way employee matching donation
260
United Way of Siouxland
701 Steuben St
Sioux City
,
IA
51101
No Relationship
United Way employee matching donation
260
United Way of the Quad Cities
852 Middle Road
Unit 401
Bettendorf
,
IA
52722
No Relationship
United Way employee matching donation
455
United Way of Whiteside County
100 W 1st St
Suite A
Rock Falls
,
IL
61071
No Relationship
United Way employee matching donation
312
Faith Baptist Bible College
1900 NW Fourth St
Ankeny
,
IA
50023
No Relationship
Employee matching fund-Travis Ryan
50
Montezuma Comm School District
504 N 4th
Montezuma
,
IA
50171
No Relationship
Employee matching fund-Michelle Hutchinson
100
Tama Ambulance Service
305 Siegel St
Tama
,
IA
52339
No Relationship
Donation Toward Lifepak 35
10,000
Mid Iowa Community Action
1001 South 18th Ave
Marshalltown
,
IA
50158
No Relationship
Food Insecurity Assistance
25,000
Grinnell High School Fine Arts Alliance
1333 Sunset St
Grinnell
,
IA
50112
No Relationship
Fine Arts Alliance 2025-2026
1,000
Grinnell Area Arts Council
926 Broad St
Grinnell
,
IA
50112
No Relationship
Stew and GAAC Security Systems
10,852
Poweshiek County Sportsmans Association
PO Box 612
Montezuma
,
IA
50171
No Relationship
Grant Request for Pat Trap Machine
10,000
Families Forward
3001 Grand Ave
Des Moines
,
IA
50312
No Relationship
Match for Team Up for Tomorrow 1st Place team donation
2,864
Salisbury House Foundation
4025 Tonawanda Dr
Des Moines
,
IA
50312
No Relationship
Match for Team Up for Tomorrow 3rd Place team donation
955
Capri Theatre
107 E Market St
New Sharon
,
IA
50207
No Relationship
Match for Team Up for Tomorrow 2nd Place team donation
1,909
Central Iowa Christian School
1331 Hobart St
Grinnell
,
IA
50112
No Relationship
Employee matching fund-Lauren Augustin
750
Grinnell United Way
P O Box 121
Grinnell
,
IA
50112
No Relationship
United Way employee matching donation
14,470
Total
.................................
3a
363,272
b
Approved for future payment
Total
.................................
3b
Form
990-PF
(2025)
Form 990-PF (2025)
Page
12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated.
Unrelated business income
Excluded by section 512, 513, or 514
(e)
Related or exempt
function income
(See instructions.)
1
Program service revenue:
(a)
Business code
(b)
Amount
(c)
Exclusion code
(d)
Amount
a
0
0
0
b
0
0
0
c
0
0
0
d
0
0
0
e
0
0
0
f
0
0
0
0
0
0
g
Fees and contracts from government agencies
2
Membership dues and assessments
....
0
0
0
3
Interest on savings and temporary cash
investments
...........
0
0
0
4
Dividends and interest from securities
....
0
0
0
5
Net rental income or (loss) from real estate:
a
Debt-financed property
......
0
0
0
b
Not debt-financed property
.....
0
0
0
6
Net rental income or (loss) from personal property
0
0
0
7
Other investment income
.....
0
0
0
8
Gain or (loss) from sales of assets other than
inventory
............
0
0
0
9
Net income or (loss) from special events:
0
0
0
10
Gross profit or (loss) from sales of inventory
0
0
0
11
Other revenue:
a
0
0
0
b
0
0
0
c
0
0
0
d
0
0
0
e
0
0
0
12
Subtotal. Add columns (b), (d), and (e)
..
0
0
0
13
Total.
Add line 12, columns (b), (d), and (e)
..................
13
0
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form
990-PF
(2025)
Form 990-PF (2025)
Page
13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1)
Cash
...................................
1a(1)
No
(2)
Other assets
.................................
1a(2)
No
b
Other transactions:
(1)
Sales of assets to a noncharitable exempt organization
....................
1b(1)
No
(2)
Purchases of assets from a noncharitable exempt organization
..................
1b(2)
No
(3)
Rental of facilities, equipment, or other assets
.......................
1b(3)
No
(4)
Reimbursement arrangements
...........................
1b(4)
No
(5)
Loans or loan guarantees
.............................
1b(5)
No
(6)
Performance of services or membership or fundraising solicitations
................
1b(6)
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees
..............
1c
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column
(b)
should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column
(d)
the value of the goods, other assets, or services received.
(a)
Line No.
(b)
Amount involved
(c)
Name of noncharitable exempt organization
(d)
Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527?
...........
Yes
No
b
If "Yes," complete the following schedule.
(a)
Name of organization
(b)
Type of organization
(c)
Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Yes
No
Signature of officer or trustee
Date
Title
Paid Preparer Use Only
Preparer's name
Preparer's Signature
Date
Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address
Phone no.
Form
990-PF
(2025)
Additional Data
Software ID:
25022704
Software Version:
V2.0
Form 990PF - Special Condition Description:
Special Condition Description
-
TIN:
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Attach to Form 990, 990-EZ, or 990-PF.
Go to
www.irs.gov/Form990
for the latest information.
OMB No. 1545-0047
Name of the organization
Grinnell Mutual Group Foundation
Employer identification number
42-1308146
Organization type
(check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)(
) (enter number) organization
4947(a)(1) nonexempt charitable trust
not
treated as a private foundation
527 political organization
Form 990-PF
501(c)(3) exempt private foundation
4947(a)(1) nonexempt charitable trust treated as a private foundation
501(c)(3) taxable private foundation
Check if your organization is covered by the
General Rule
or a
Special Rule.
Note:
Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33
1
/3
% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of
(1)
$5,000 or
(2)
2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000
exclusively
for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions
exclusively
for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an
exclusively
religious, charitable, etc., purpose. Don't complete any of the parts unless the
General Rule
applies to this organization because it received
nonexclusively
religious, charitable, etc., contributions totaling $5,000 or more during the year
.........
$
Caution:
An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it
must
answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613X
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 2025)
Page
2
Name of organization
Grinnell Mutual Group Foundation
Employer identification number
42-1308146
Part I
Contributors
(see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
1
Grinnell Mutual Reinsurance Company SI
4215 Highway 146
PO Box 790
Grinnell
,
IA
50112
$
1,363,000
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
(a)
No.
(b)
Name, address, and ZIP + 4
(c)
Total contributions
(d)
Type of contribution
$
Person
Payroll
Noncash
(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page
3
Name of organization
Grinnell Mutual Group Foundation
Employer identification number
42-1308146
Part II
Noncash Property
(see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
(a)
No. from Part I
(b)
Description of noncash property given
(c)
FMV (or estimate)
(See instructions)
(d)
Date received
$
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page
4
Name of organization
Grinnell Mutual Group Foundation
Employer identification number
42-1308146
Part III
Exclusively
religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor.
Complete columns
(a)
through
(e) and
the following line entry. For organizations completing Part III, enter the total of
exclusively
religious, charitable, etc., contributions of
$1,000 or less
for the year. (Enter this information once. See instructions.)
$
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I
(b) Purpose of gift
(c) Use of gift
(d) Description of how gift is held
(e) Transfer of gift
Transferee's name, address, and ZIP 4
Relationship of transferor to transferee
(a)
No. from Part I
(b) Purpose of gift
(c) Use of gift
(d) Description of how gift is held
(e) Transfer of gift
Transferee's name, address, and ZIP 4
Relationship of transferor to transferee
(a)
No. from Part I
(b) Purpose of gift
(c) Use of gift
(d) Description of how gift is held
(e) Transfer of gift
Transferee's name, address, and ZIP 4
Relationship of transferor to transferee
(a)
No. from Part I
(b) Purpose of gift
(c) Use of gift
(d) Description of how gift is held
(e) Transfer of gift
Transferee's name, address, and ZIP 4
Relationship of transferor to transferee
Schedule B (Form 990) (Rev. 1-2025)
Additional Data
Software ID:
Software Version:
-
TIN:
TY 2025 SubstantialContributorsSch
Name:
Grinnell Mutual Group Foundation
EIN:
42-1308146
Software ID:
25022704
Software Version:
V2.0
Name
Address
Grinnell Mutual Reinsurance Company SI
4215 Highway 145
PO Box 790
Grinnell
,
IA
501120790