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Also known as: Trust Fund
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American Electric Power System Educational Trust Fund is a private trust based in COLUMBUS, OH. The foundation received its IRS ruling in 1957. The principal officer is Russell G Doyle. It holds total assets of $7.3M. Annual income is reported at $559K. Total assets have grown from $5.1M in 2011 to $6.2M in 2022. The foundation is governed by 3 officers and trustees. Tax records are available from 2020 to 2023. According to available records, American Electric Power System Educational Trust Fund has made 4 grants totaling $1.3M, with a median grant of $308K. Annual giving has grown from $363K in 2020 to $585K in 2022. Individual grants have ranged from $292K to $363K, with an average award of $318K. Grant recipients are concentrated in Ohio. Contributions to this foundation are tax-deductible.
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.
American Electric Power System Educational Trust Fund is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in OH.
American Electric Power System Educational Trust Fund has distributed a total of $1.3M across 4 grants. The median grant size is $308K, with an average of $318K. Individual grants have ranged from $292K to $363K.
The application deadline is THE SUBMISSION DEADLINE IS HISTORICALLY IN MARCH, BUT CIRCUMSTANCES MAY CAUSE THE DEADLINE TO BE EXT. The american electric power system educational trust fund awards scholarships to eligible children of employees of american electric power and its subsidiaries. Applicants must be seniors in high school who are planning to pursue a baccalaureate degree from an accredited university. Students who receive full scholarship awards from other sources or who receive appointments to one of the service academies are not eligible to participate in this program. A child of a member of the board of directors of any of the american electric power system companies (at the time of the award) is not eligible to receive an award. The grants are made on an objective and nondiscriminatory basis pursuant to a procedure approved by the irs in a letter dated march 12, 1973.
American Electric Power System Educational Trust Fund is headquartered in COLUMBUS, OH.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Paul Chodak Iii | TRUSTEE | $0 | $0 | N/A |
| Janelle Coleman | TRUSTEE | $0 | $0 | N/A |
| Katie Grayem | TRUSTEE | $0 | $0 | N/A |
Total Giving
$288K
Total Assets
$6.2M
Fair Market Value
$6.2M
Net Worth
$5.8M
Grants Paid
$264K
Contributions
N/A
Net Investment Income
$337K
Distribution Amount
$305K
Total: N/A
Total Grants
4
Total Giving
$1.3M
Average Grant
$318K
Median Grant
$308K
Unique Recipients
1
Most Common Grant
$292K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See AttachmentTHE SCHOLARSHIPS ARE USED TO PAY FOR THE RECIPIENTS' EDUCATIONAL EXPENSES RELATED TO A BACCALAURETE DEGREE | Columbus, OH | $292K | 2022 |