Allen Memorial Hospital Corporation concentrates its philanthropy on strengthening local health care delivery and workforce in northeast Iowa, with very large, multi-million-dollar gifts directed to physician- and clinic-affiliated foundations and targeted investments in mental health services. It also supports medical education and training, hospital capital/program needs, and smaller community health and youth programs across Waterloo/Cedar Valley. The foundation favors place-based, health-focused recipients and makes both major endowment-style grants and smaller community-level gifts.
Allen Memorial Hospital Corporation’s grant history is dominated by a set of very large, program-support awards to physician and clinic foundations in West Des Moines, including $35,738,277 to Iowa Physicians Medical Foundation in 2025 and $33,637,461 in 2024. That scale places the organization well beyond routine community philanthropy. The pattern points to a funder built around health care delivery in northeast Iowa, with allied support for mental health, hospital operations, and medical training. In Waterloo, the foundation has also directed seven-figure support to Black Hawk Grundy Mental Health Center and more than $1 million to Memorial Foundation of Allen Hospital, indicating repeated backing for local service infrastructure. Smaller grants extend the same health-centered approach into youth and community settings, but the largest dollars are reserved for institutions tied to medical care, hospital capacity, and physician services. The foundation’s grantmaking is therefore defined less by broad issue diversity than by concentrated support for health system-related organizations and the workforce pipeline around them.
In hospital and physician foundation support, the foundation gave $29,029,367 to Iowa Physicians Clinic Medical Foundation in 2023 for program support, continuing a multi-year pattern of major institutional funding. For behavioral health, it awarded $1,200,000 to Black Hawk Grundy Mental Health Center in 2024 and $800,000 in 2025, both for program support. Medical education is another clear area: Allen College received $700,000 in 2024, again for program support, linking the funder to workforce development in health care. Community health also appears through smaller grants such as $19,167 to the American Heart Association in 2024 and $8,000 to the American Cancer Society in 2023, both program-support awards tied to disease-focused work.
Typical grants range from $19,792 at the 25th percentile to a median of $268,670 and $1,093,432 at the 75th percentile, showing a mix of smaller community awards and much larger institutional gifts. The same recipients can appear across multiple years: Iowa Physicians Medical Foundation, Black Hawk Grundy Mental Health Center, Memorial Foundation of Allen Hospital, Riverview Center, and Waterloo Community Schools all received repeated funding. The foundation is a public charity and also makes program-related investments. Grants in the recent file are all described as program support, suggesting restricted support for defined activities rather than general unrestricted giving.
$37.6M
$448.5M
$443.1M
$414.5M
Most grants fall between $20K and $1.1M, with a median of $269K.
25th Percentile
$20K
Median
$269K
75th Percentile
$1.1M
About 88% of grants go to recipients in IA.
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Highly concentrated giving: a small number of very large, multi-million-dollar gifts to physician/clinic foundations dominate overall dollars, complemented by recurring mid-sized grants to local hospital and mental health partners and numerous smaller community and school-level grants. Several repeat grantees indicate ongoing relationships and multi-year commitments.
Notable grantees: Iowa Physicians Medical Foundation, Iowa Physicians Clinic Medical Foundation, Memorial Foundation of Allen Hospital, Black Hawk Grundy Mental Health Center, Allen College
Giving is highly local: 88% of grants go to recipients in Iowa, and all recent grants in the file are in the United States. Waterloo is the most visible recipient city, with gifts to Black Hawk Grundy Mental Health Center, Memorial Foundation of Allen Hospital, Allen College, Cedar Valley Kids Club, Riverview Center, Waterloo Community Schools, and Cedar Falls Community Schools. West Des Moines appears as a major recipient location through Iowa Physicians Medical Foundation and Iowa Health System. Other Iowa recipients include Cedar Falls, Cedar Rapids, and the Cedar Valley region more broadly.
The grant record is centered on health care and health-related institutions: physician and clinic foundations, mental health providers, hospital support organizations, medical education institutions, and community health groups. Recent examples include repeated funding for Iowa Physicians Medical Foundation, Black Hawk Grundy Mental Health Center, and Memorial Foundation of Allen Hospital.
The grant-size distribution shows a 25th percentile of $19,792, a median of $268,670, and a 75th percentile of $1,093,432. That spread reflects a mix of smaller local awards and much larger institutional grants.
Its giving is overwhelmingly local. The scope is listed as local, 88% of grants go to recipients in Iowa, and the recent grants file shows all 23 grants going to U.S. recipients.
Yes. Several recipients appear in multiple years, including Iowa Physicians Medical Foundation, Black Hawk Grundy Mental Health Center, Memorial Foundation of Allen Hospital, Riverview Center, and Waterloo Community Schools. The pattern suggests ongoing support rather than one-time awards only.
The recent grants are consistently labeled program support. The foundation also makes program-related investments, and the grant record shows support directed to defined activities across hospitals, mental health, medical education, and community health programs.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| IOWA PHYSICIANS MEDICAL FOUNDATION | WEST DES MOINES, IA | $35,738,277 | 2025 | PROGRAM SUPPORT |
| MEMORIAL FOUNDATION OF ALLEN HOSPITAL | WATERLOO, IA | $1,012,646 | 2025 | PROGRAM SUPPORT |
| BLACK HAWK GRUNDY MENTAL HEALTH CENTER | WATERLOO, IA | $800,000 | 2025 | PROGRAM SUPPORT |
| RIVERVIEW CENTER | WATERLOO, IA | $25,645 | 2025 | PROGRAM SUPPORT |
| WATERLOO COMMUNITY SCHOOLS | WATERLOO, IA | $16,667 | 2025 | PROGRAM SUPPORT |
| JUNIOR ACHIEVEMENT OF EASTERN IOWA | CEDAR RAPIDS, IA | $9,200 | 2025 | PROGRAM SUPPORT |
| CEDAR FALLS COMMUNITY SCHOOLS | CEDAR FALLS, IA | $8,333 | 2025 | PROGRAM SUPPORT |
| IOWA PHYSICIANS MEDICAL FOUNDATION | WEST DES MOINES, IA | $33,637,461 | 2024 | PROGRAM SUPPORT |
| IOWA HEALTH SYSTEM | WEST DES MOINES, IA | $4,286,601 | 2024 | PROGRAM SUPPORT |
| BLACK HAWK GRUNDY MENTAL HEALTH CENTER | WATERLOO, IA | $1,200,000 | 2024 | PROGRAM SUPPORT |
| MEMORIAL FOUNDATION OF ALLEN HOSPITAL | WATERLOO, IA | $1,057,910 | 2024 | PROGRAM SUPPORT |
| ALLEN COLLEGE | WATERLOO, IA | $700,000 | 2024 | PROGRAM SUPPORT |
| CEDAR VALLEY KIDS CLUB | WATERLOO, IA | $37,339 | 2024 | PROGRAM SUPPORT |
| RIVERVIEW CENTER | WATERLOO, IA | $27,945 | 2024 | PROGRAM SUPPORT |
| ROTARY CLUB OF CEDAR VALLEY | CEDAR FALLS, IA | $20,000 | 2024 | PROGRAM SUPPORT |
| AMERICAN HEART ASSOCIATION | DALLAS, TX | $19,167 | 2024 | PROGRAM SUPPORT |
| IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION | WEST DES MOINES, IA | $29,029,367 | 2023 | PROGRAM SUPPORT |
| MEMORIAL FOUNDATION OF ALLEN HOSPITAL | WATERLOO, IA | $926,502 | 2023 | PROGRAM SUPPORT |
| BLACK HAWK GRUNDY MENTAL HEALTH CENTER | WATERLOO, IA | $500,000 | 2023 | PROGRAM SUPPORT |
| RIVERVIEW CENTER | WATERLOO, IA | $26,395 | 2023 | PROGRAM SUPPORT |
| WATERLOO COMMUNITY SCHOOLS | WATERLOO, IA | $16,667 | 2023 | PROGRAM SUPPORT |
| HAWKEYE COMMUNITY COLLEGE | WATERLOO, IA | $10,000 | 2023 | PROGRAM SUPPORT |
| AMERICAN CANCER SOCIETY | KENNESAW, GA | $8,000 | 2023 | PROGRAM SUPPORT |
IOWA PHYSICIANS MEDICAL FOUNDATION
$35,738,277PROGRAM SUPPORT
MEMORIAL FOUNDATION OF ALLEN HOSPITAL
$1,012,646PROGRAM SUPPORT
BLACK HAWK GRUNDY MENTAL HEALTH CENTER
$800,000PROGRAM SUPPORT
RIVERVIEW CENTER
$25,645PROGRAM SUPPORT
WATERLOO COMMUNITY SCHOOLS
$16,667PROGRAM SUPPORT
JUNIOR ACHIEVEMENT OF EASTERN IOWA
$9,200PROGRAM SUPPORT
CEDAR FALLS COMMUNITY SCHOOLS
$8,333PROGRAM SUPPORT
IOWA PHYSICIANS MEDICAL FOUNDATION
$33,637,461PROGRAM SUPPORT
IOWA HEALTH SYSTEM
$4,286,601PROGRAM SUPPORT
BLACK HAWK GRUNDY MENTAL HEALTH CENTER
$1,200,000PROGRAM SUPPORT
MEMORIAL FOUNDATION OF ALLEN HOSPITAL
$1,057,910PROGRAM SUPPORT
ALLEN COLLEGE
$700,000PROGRAM SUPPORT
CEDAR VALLEY KIDS CLUB
$37,339PROGRAM SUPPORT
RIVERVIEW CENTER
$27,945PROGRAM SUPPORT
ROTARY CLUB OF CEDAR VALLEY
$20,000PROGRAM SUPPORT
AMERICAN HEART ASSOCIATION
$19,167PROGRAM SUPPORT
IOWA PHYSICIANS CLINIC MEDICAL FOUNDATION
$29,029,367PROGRAM SUPPORT
MEMORIAL FOUNDATION OF ALLEN HOSPITAL
$926,502PROGRAM SUPPORT
BLACK HAWK GRUNDY MENTAL HEALTH CENTER
$500,000PROGRAM SUPPORT
RIVERVIEW CENTER
$26,395PROGRAM SUPPORT
WATERLOO COMMUNITY SCHOOLS
$16,667PROGRAM SUPPORT
HAWKEYE COMMUNITY COLLEGE
$10,000PROGRAM SUPPORT
AMERICAN CANCER SOCIETY
$8,000PROGRAM SUPPORT