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Also known as: VIRGINIA G SCHERER EDUCATIONAL TRUST
Alexander King & Virgina G Scherer Educational Trust is a private association based in OTTAWA, IL. The foundation received its IRS ruling in 0000. The principal officer is % First National Bank. It holds total assets of $48K. Annual income is reported at $8K. EDUCATIONAL SCHOLARSHIPS ARE MADE TO QUALIFYING HIGH SCHOOL STUDENTS TO CONTINUE THEIR EDUCATION. According to available records, Alexander King & Virgina G Scherer Educational Trust has made 4 grants totaling $2K, with a median grant of $462.5. Annual giving has grown from $500 in 2020 to $750 in 2023. Grantmaking activity was highest in 2022 with $850 distributed across 2 grants. Individual grants have ranged from $425 to $750, with an average award of $525. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Illinois. Contributions to this foundation are tax-deductible.
EDUCATIONAL SCHOLARSHIPS ARE MADE TO QUALIFYING HIGH SCHOOL STUDENTS TO CONTINUE THEIR EDUCATION.
Expenses: $3K
EDUCATIONAL SCHOLARSHIPS ARE MADE TO QUALIFYING HIGH SCHOOL STUDENTS TO CONTINUE THEIR EDUCATION. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in IL.
Alexander King & Virgina G Scherer Educational Trust has distributed a total of $2K across 4 grants. The median grant size is $462.5, with an average of $525. Individual grants have ranged from $425 to $750.
The application deadline is NOVEMBER 15. TOTAL AMOUNT OF GRANT SHALL NOT EXCEED MORE THAN ONE-HALF OF THE ANNUAL INCOME.
Alexander King & Virgina G Scherer Educational Trust is headquartered in OTTAWA, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| First National Bank - Trust Dept | TRUSTEE | $0 | $0 | $1K |
Total Giving
$4K
Total Assets
$49K
Fair Market Value
$79K
Net Worth
$49K
Grants Paid
$750
Contributions
$0
Net Investment Income
$7K
Distribution Amount
$3K
Total: $28K
Total Grants
4
Total Giving
$2K
Average Grant
$525
Median Grant
$462.5
Unique Recipients
3
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Jenna K SmithmeyerEDUCATIONAL EXPENSE | Ottawa, IL | $750 | 2023 |
| Sarah D MeyerEDUCATIONAL EXPENSE | Marseilles, IL | $425 | 2022 |
| Grace McgettiganEDUCATIONAL EXPENSE | Ottawa, IL | $500 | 2020 |
MC LOUTH, KS
DALLAS, TX
SPRINGFIELD, MN
SEAL BEACH, CA
WAPELLO, IA
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