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SUPPORTING OVER 30000 STUDENTS At 22 of Iowas Private Colleges Universities The Iowa College Foundation supports 23 independent colleges and universities in Iowa by providing them unrestricted gifts and student scholarships. The Iowa College Foundation ICF was founded in 1952 as a non profit 501c3 organization that supports independent higher education in the state of Iowa. Gifts to ICF make a significant impact on our member colleges and universities and provide funds that support their highest priorities and provide student scholarships to help keep them affordable and to ensure a quality educational experience for their 30000 students. Featured Donor Profiles Some of ICFs donors making a difference in the lives of students Lincoln Savings Bank LSB is a 1.