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Also known as: MEMORIAL SCHOLARSHIP FUND
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Adolph And Esther Vestergaard Memorial Scholarship Fund Trust is a private corporation based in SPENCER, IA. The foundation received its IRS ruling in 1993. It holds total assets of $780K. Annual income is reported at $168K. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Iowa. According to available records, Adolph And Esther Vestergaard Memorial Scholarship Fund Trust has made 30 grants totaling $219K, with a median grant of $6K. The foundation has distributed between $41K and $95K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $95K distributed across 12 grants. Individual grants have ranged from $400 to $22K, with an average award of $7K. The foundation has supported 6 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$6K
Average Grant
$7K
Largest Grant
$16K
Based on 6 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Adolph And Esther Vestergaard Memorial Scholarship Fund Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 30 grants. Its grantmaking reaches organizations primarily in IA.
Adolph And Esther Vestergaard Memorial Scholarship Fund Trust has distributed a total of $219K across 30 grants. The median grant size is $6K, with an average of $7K. Individual grants have ranged from $400 to $22K.
Adolph And Esther Vestergaard Memorial Scholarship Fund Trust typically selects its grantees rather than accepting unsolicited proposals. The application deadline is MAY 15 OF EACH YEAR. Scholarships are awarded only to residents of clay & dickinson counties, iowa, for study at an educational organization described in 170(b)(1)(a)(ii).
Adolph And Esther Vestergaard Memorial Scholarship Fund Trust is headquartered in SPENCER, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Alison Simpson | TRUSTEE | $0 | $0 | N/A |
| Steve Grell | TRUSTEE | $0 | $0 | N/A |
| Lawrence Harden | TRUSTEE | $0 | $0 | N/A |
Total Giving
$50K
Total Assets
$752K
Fair Market Value
$873K
Net Worth
$752K
Grants Paid
$41K
Contributions
N/A
Net Investment Income
$13K
Distribution Amount
$41K
Total: $738K
Total Grants
30
Total Giving
$219K
Average Grant
$7K
Median Grant
$6K
Unique Recipients
6
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Spencer Community SchoolsSCHOLARSHIPS | Spencer, IA | $18K | 2023 |
| Spirit Lake Community SchoolsSCHOLARSHIPS | Spirit Lake, IA | $10K | 2023 |
| Okoboji Community SchoolsSCHOLARSHIPS | Milford, IA | $9K | 2023 |
| Sioux Central Community SchoolsSCHOLARSHIPS | Sioux Rapids, IA | $2K | 2023 |
| Harris-Lake Park Community SchoolsSCHOLARSHIPS | Lake Park, IA | $2K | 2023 |
| Graettinger - Terril Community SchoSCHOLARSHIPS | Graettinger, IA | $400 | 2023 |