Private foundation (trust)EIN 421228737Est. 1984-07
HOWARD & KATHERINE HOENK FOUNDATION
ALGONA, IA 50511
Total Assets
$8.2M
FY 2023
Annual Giving
$415K
FY 2023
Grants Made
2
FY 2023
Avg Grant
$208K
FY 2023
Grant Range
$208K–$208K
Typical
Deadlines
—
Applications
Programs & Activities
Program 1
The Directors of the Foundation have determined that it is in the best interest of the Foundation to make contributions directly to two local school districts entities, Bishop Garrigan High School and the Algona Community Community School Foundation, to be utilized as conduits to provide financial assistance in the form of scholarships for Algona/Kossuth County, Iowa, area students. Bishop Garrigan High School is a nonprofit educational institution. The Algona Community School Foundation is a Type I supporting organization for the Algona Community School District. The number and size of the grants are determined by said schools after consultation with our Board.The Foundation monitors the distribution of the scholarships to assure that the funds are utilized for the advancement of education under the standards established for selecting recipients specified in the Foundation's Bylaws and approved by Internal Revenue Service. The Foundation also provides guidelines regarding the number o
Financial Snapshot
2023 filing
Total Revenue
$310K
Total Expenses
$462K
Qualifying Distributions
$424K
Distributable Amount
$395K
Min. Investment Return
$399K
Payout rate
Qualifying distributions as a share of distributable amount.
Giving Over Time
4 years
Total dollars recorded per filing year. Scale adjusts to the foundation's range.
Top Recipients
8 grants
Grant Size Distribution
8 grants
Geographic Focus
1 states
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