Overview
The Richard O Jacobson Foundation is a philanthropic organization based in Des Moines, Iowa, with assets totaling approximately $22 million. The foundation reported expenses of over $4.2 million and revenue of about $1.5 million. It focuses its funding efforts in cities such as Belmond, Clearwater, Des Moines, Iowa City, Largo, and Saint Peter, across the states of Florida, Iowa, and Minnesota. The foundation is led by Chairman and CEO Bruce L. Rastetter, with Carlton T. King as Vice President, Mark N. Larson as Treasurer, and Will J. Hoekman as Secretary. None of the key personnel receive compensation for their roles. The foundation does not specify particular subject areas for its funding initiatives.
Focus areas
Geographic focus
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Financials
in 2024, compared to $24,841,991 in 2023
3 grants awarded in 2024
Of total expenses go to programs
Grants
| Purpose | Location | |||
|---|---|---|---|---|
| $5,000,000 | University of Iowa Foundation | Contribution | One West Park Road Iowa City, IA US | 2023 |
| $4,000,000 | Iowa State Fair Blue Ribbon Foundation | Contribution | PO Box 57130 Des Moines, IA US | 2024 |
| $2,503,600 | Iowa State Fair Blue Ribbon Foundation | Contribution | PO Box 57130 Des Moines, IA US | 2023 |
| $1,449,714 | Trinity Lutheran Church | Contribution | 304 3rd Ave NE Belmond, IA US | 2022 |
| $800,000 | Build A Better Belmond | Contribution | 411 10th Avenue NE Belmond, IA US | 2023 |
| $642,986 | Scholarship America | Contribution | One Scholarship Way Saint Peter, MN US | 2022 |
| $407,333 | Scholarship America | Contribution | One Scholarship Way Saint Peter, MN US | 2023 |
| $245,000 | Chapel by the Sea | Contribution | 54 Bay Esplanade Clearwater, FL US | 2022 |
| $208,000 | Scholarship America | Contribution | One Scholarship Way Saint Peter, MN US | 2024 |
| $200,000 | Build A Better Belmond | Contribution | 411 10th Avenue NE Belmond, IA US | 2022 |
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People
Compensation data from most recent available 990 forms
| Title | |||
|---|---|---|---|
| BRUCE L RASTETTER | CHAIRMAN & CEO | $0 | 2022 |
| CARLTON T KING | VICE PRESIDENT | $0 | 2022 |
| MARK N LARSON | TREASURER | $0 | 2022 |
| WILL J HOEKMAN | SECRETARY | $0 | 2022 |
| BRUCE L RASTETTER | CHAIRMAN & CEO | $0 | 2023 |
| CARLTON T KING | VICE PRESIDENT | $0 | 2023 |
| MARK N LARSON | TREASURER | $0 | 2023 |
| WILL J HOEKMAN | SECRETARY | $0 | 2023 |
| BRUCE L RASTETTER | CHAIRMAN & CEO | $0 | 2024 |
| CARLTON T KING | VICE PRESIDENT | $0 | 2024 |
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Financial data sourced from IRS 990 forms via ProPublica Nonprofit Explorer
View on ProPublica Nonprofit ExplorerLast updated on August 25, 2025