Veridian Credit Union
Waterloo, IA · EIN 42-1132695. Reported 103 grants totalling $2,337,440 to 50 organizations across tax years 2021-2024, on Form 990 Schedule I.
Does this grantmaker accept applications?
Its tax return does not say, and we will not guess. Private foundations file Form 990-PF, which asks outright whether they fund only organizations they select themselves -- 78% say yes, and that one answer is what lets the rest of this site tell you which foundations are worth approaching. Grantmaking charities like this one file a regular Form 990 instead, and the IRS never puts the question to them. Anyone claiming to know the answer from the filing is inventing it.
Three things in the filing do bear on it:
- What kind of organization it is. For Veridian Credit Union, the IRS classifies it under public & societal benefit rather than as a grantmaker (NTEE W61) -- it is an operating charity that also makes grants.
- How spread out its giving is. 50 distinct organizations, with 20% of the dollars going to the largest single recipient. That is genuinely spread out -- the mark of a funder making many independent decisions rather than underwriting one institution.
- How much its list changes. 70% of one year's grantees are funded again the next, across 3 year-to-year transitions. That is about the 57% median for grantmaking charities -- noticeably lower than the 67% private foundations manage. Organizations like this one rotate more of their list each year, which is where an opening for a newcomer tends to be.
How big are its grants?
The median reported grant is $10,000. Half of what it reported fell between $8,700 and $25,000; the smallest was $5,150 and the largest $200,000. If you are asking for materially more than the top of that range, you are asking the wrong organization.
Every organization it funded
This is the complete list from its filings, largest first. Recipients are grouped by the EIN the filer reported, not by name, so an organization that was typed differently in two years appears once rather than twice.
| Organization | Location | Total received | Grants | Years funded | Last |
|---|---|---|---|---|---|
| Operation Threshold Inc | Waterloo, IA | $460,000 | 4 | 4 | 2024 |
| Community Foundation of Northeast Iowa | Cedar Falls, IA | $360,000 | 5 | 4 | 2024 |
| Iowa Credit Union League | Wdm, IA | $262,437 | 3 | 3 | 2024 |
| Grow Cedar Valley | Waterloo, IA | $150,000 | 4 | 4 | 2024 |
| United Way of Central Iowa | Des Moines, IA | $133,000 | 4 | 4 | 2024 |
| Cedar Valley United Way | Waterloo, IA | $119,000 | 4 | 4 | 2024 |
| University of Northern Iowa Foundation | Cedar Falls, IA | $59,003 | 5 | 4 | 2024 |
| Habitat for Humanity International Inc | Waterloo, IA | $59,000 | 4 | 4 | 2024 |
| United Way of East Central Iowa | Cedar Rapids, IA | $55,700 | 5 | 4 | 2024 |
| United Way of the Midlands | Omaha, NE | $54,000 | 4 | 4 | 2024 |
| Iowa Credit Union Foundation Inc | Wdm, IA | $42,000 | 4 | 4 | 2024 |
| Leader Valley Foundation | Cedar Falls, IA | $40,000 | 4 | 4 | 2024 |
| Waterloo Career Academy - Waterloo School District | Waterloo, IA | $40,000 | 4 | 4 | 2024 |
| One Iowa | Des Moines, IA | $30,000 | 3 | 3 | 2024 |
| Anawim Housing | Des Moines, IA | $29,500 | 2 | 1 | 2024 |
| Food Bank of Iowa | Des Moines, IA | $25,000 | 1 | 1 | 2022 |
| Greater Des Moines Botanical Garden | Des Moines, IA | $25,000 | 1 | 1 | 2024 |
| Heartland Hope Mission | Omaha, NE | $25,000 | 1 | 1 | 2024 |
| Oelwein Area United Way Inc | Oelwein, IA | $24,600 | 4 | 4 | 2024 |
| Christian Community Development | Waterloo, IA | $20,000 | 1 | 1 | 2024 |
| Greater Des Moines Partnership | Des Moines, IA | $20,000 | 2 | 2 | 2024 |
| Inside Out Reentry Inc | Iowa City, IA | $20,000 | 1 | 1 | 2022 |
| Centro Latino | Council Bluffs, IA | $18,750 | 2 | 2 | 2024 |
| Habitat for Humanity International Inc | Cedar Rapids, IA | $18,500 | 2 | 2 | 2024 |
| Papillion Lavista Schools Foundation | Papillion, NE | $15,000 | 1 | 1 | 2024 |
| United Way of the Midlands | Omaha, NE | $15,000 | 1 | 1 | 2024 |
| Wesley Community Services Inc | Johnston, IA | $15,000 | 1 | 1 | 2022 |
| Oelwein Event Corporation | Oelwein, IA | $12,500 | 2 | 2 | 2024 |
| Cedar Rapids Metro Economic Alliance | Cedar Rapids, IA | $12,000 | 2 | 2 | 2024 |
| Habitat for Humanity International Inc | Saint Paul, MN | $11,500 | 1 | 1 | 2024 |
| Buchanan County Economic Development Commission | Independence, IA | $10,300 | 2 | 2 | 2024 |
| Boys and Girls Clubs of the Cedar Valley Inc | Waterloo, IA | $10,000 | 1 | 1 | 2021 |
| Cedar Falls Community Schoolsfoundation | Cedar Falls, IA | $10,000 | 1 | 1 | 2021 |
| Drake University | Des Moines, IA | $10,000 | 1 | 1 | 2023 |
| Iowa Giving Crew | Marion, IA | $10,000 | 1 | 1 | 2023 |
| Neighborhood Centers of Johnson County | Iowa City, IA | $10,000 | 1 | 1 | 2024 |
| Newbo City Market | Cedar Rapids, IA | $10,000 | 1 | 1 | 2024 |
| Polk County Auditor | Des Moines, IA | $10,000 | 1 | 1 | 2021 |
| Habitat for Humanity International Inc | Des Moines, IA | $9,000 | 1 | 1 | 2024 |
| Red Bridge Ministries Inc | Omaha, NE | $8,000 | 1 | 1 | 2024 |
| Waukee Foundation Inc | Waukee, IA | $8,000 | 1 | 1 | 2021 |
| Advance Southwest Iowa Corp | Council Bluffs, IA | $7,500 | 1 | 1 | 2024 |
| City of Jesup | Jesup, IA | $7,500 | 1 | 1 | 2022 |
| Greater Twin Cities United Way | Minneapolis, MN | $7,500 | 1 | 1 | 2024 |
| Habitat for Humanity International Inc | Omaha, NE | $7,500 | 1 | 1 | 2024 |
| Habitat for Humanity International Inc | Council Blfs, IA | $7,500 | 1 | 1 | 2024 |
| Ankeny Business & Industry Collaborative | Ankeny, IA | $7,000 | 1 | 1 | 2024 |
| City of Waverly | Waverly, IA | $5,500 | 1 | 1 | 2023 |
| Waverly Economic Development Co | Waverly, IA | $5,500 | 1 | 1 | 2024 |
| Buchanan County Economic Development | Independence, IA | $5,150 | 1 | 1 | 2023 |
21 of 50 (42%) received money in more than one year over the 4 years we hold. Remember the $5,000 floor: an organization funded every year at $3,000 shows up here as never funded at all.
What the money was for
Taken verbatim from the purpose column of its filings, largest first. This is the closest thing to a statement of what it funds, in its own words.
- Community Foundation of Northeast Iowa
GRANTS AND ONE CEDAR VALLEY FUND - Food Bank of Iowa
BUILDING EXPANSION CAPITAL CAMPAIGN - Inside Out Reentry
HOUSING CAPITAL CAMPAIGN AND FINANCIAL LITERACY - United Way of East Central Iowa
GENERAL SUPPORT AND PROGRAM - SPARK 5 - University of Northern Iowa Foundation
FORWARD BOUND, COMMUNITY ENGAGEMENT, AFRICAN AMERICAN READ-IN - Iowa Heartland Habitat for Humanity
HOUSING SUPPORT - WOMEN'S BUILD/BLUEPRINTS
What kind of organizations it funds
By each recipient's own IRS classification, for the 32 of 50 recipients we could match to a registered organization. These are assigned categories, not our guesses -- Schedule I reports the recipient's EIN, so this is a lookup rather than a name match.
Giving by year
| Tax year | Grants reported | Total | Median grant |
|---|---|---|---|
| 2021 | 21 | $410,309 | $10,000 |
| 2022 | 20 | $627,807 | $15,973 |
| 2023 | 23 | $547,053 | $10,000 |
| 2024 | 39 | $752,271 | $10,000 |
Tax years, not calendar years, and the most recent year is usually incomplete -- Form 990 arrives about a year after the year it covers, so a low final year means late paperwork rather than a grantmaker winding down.
Where its money goes
94% of its giving went to organizations in Iowa. Community foundations and federated funds are usually the most geographically bounded funders there are -- being outside the footprint is normally disqualifying in a way that a weak programme fit is not.
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Funders that support the same organizations
These grantmakers and private foundations gave to organizations this one also funded. Shared grantees are the strongest signal available that two funders have overlapping priorities -- and a funder already backing your peers is a far warmer prospect than one that merely lists your cause.
How to approach this grantmaker
- Look for a published programme first. Unlike most private foundations, organizations of this kind often do run open, deadlined grant cycles with written guidelines. Its own website is the authority on that; this page is the authority on who it has actually paid.
- Check you are its size. The median reported grant is $10,000 -- and because grants under $5,000 need not be reported, it very likely writes smaller cheques than this page can see.
- Check you are in its geography. Its giving concentrates in Iowa.
- Read the recipient list for organizations like yours. If nothing on it resembles your work, that is a real answer and a cheap one to get.
Where these numbers come from
Everything above is taken from Veridian Credit Union's own Form 990 Schedule I filings, which the IRS publishes in bulk. We used 4 returns (tax years 2021-2024). Nothing here is scraped, inferred or estimated.
On its most recent return it told the IRS it made grants to 32 section 501(c)(3) organizations and 7 other organizations. That is the filer's own count for one year; the totals above cover every year we hold.
Address of record on the latest return: 1827 Ansborough Avenue, Waterloo, IA, 50701.
EIN 42-1132695 · See the original filings on ProPublica · How we build this
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