MOUNTAIN HOME, AR

Arthur J Raef And Blanch D Raef Scholarship Fund

Also known as: SCHOLARSHIP FUND

Quick Facts

EIN: 470891370
Location: MOUNTAIN HOME, AR
Phone: (870) 424-8019
Category: Education
Total Assets: $475K
Annual Income: $260K
IRS Ruling Year: 2002
Organization Type: Non-Operating Foundation
Principal Officer: % First Security Bank
Tax Deductibility: Contributions are deductible

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About This Foundation

Arthur J Raef And Blanch D Raef Scholarship Fund is a private trust based in MOUNTAIN HOME, AR. The foundation received its IRS ruling in 2002. The principal officer is % First Security Bank. It holds total assets of $475K. Annual income is reported at $260K. DURING 2022 THERE WERE 21 PARTIAL SCHOLARSHIPS AWARDED TO 21 QUALIFIED APPLICANTS. According to available records, Arthur J Raef And Blanch D Raef Scholarship Fund has made 72 grants totaling $123K, with a median grant of $2K. The foundation has distributed between $30K and $61K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $61K distributed across 42 grants. Individual grants have ranged from $1K to $3K, with an average award of $2K. The foundation has supported 47 unique organizations. Grant recipients are concentrated in Arkansas. Contributions to this foundation are tax-deductible.

Application Information

Deadline

NOTIFICATION WILL BE GIVEN TO THE ARKANSAS STATE UNIVERSITY--MOUNTAIN HOME AND PUBLISHED IN AN ARKAN

Restrictions

RECIPIENTS SHALL BE STUDENTS ATTENDING ARKNSAS STATE UNIVERSITY IN MOUNTAIN HOME, ARKANSAS.

Programs & Activities

DURING 2020 THERE WERE 18 PARTIAL SCHOLARSHIPS AWARED TO 18 QUALIFIED APPLICANTS.

Expenses: $28K

Frequently Asked Questions

What does Arthur J Raef And Blanch D Raef Scholarship Fund fund?

DURING 2022 THERE WERE 21 PARTIAL SCHOLARSHIPS AWARDED TO 21 QUALIFIED APPLICANTS. Based on available records, the foundation has funded 72 grants. Its grantmaking reaches organizations primarily in AR.

How much does Arthur J Raef And Blanch D Raef Scholarship Fund give in grants?

Arthur J Raef And Blanch D Raef Scholarship Fund has distributed a total of $123K across 72 grants. The median grant size is $2K, with an average of $2K. Individual grants have ranged from $1K to $3K.

How do I apply for a grant from Arthur J Raef And Blanch D Raef Scholarship Fund?

The application deadline is NOTIFICATION WILL BE GIVEN TO THE ARKANSAS STATE UNIVERSITY--MOUNTAIN HOME AND PUBLISHED IN AN ARKAN. RECIPIENTS SHALL BE STUDENTS ATTENDING ARKNSAS STATE UNIVERSITY IN MOUNTAIN HOME, ARKANSAS.

Where is Arthur J Raef And Blanch D Raef Scholarship Fund located?

Arthur J Raef And Blanch D Raef Scholarship Fund is headquartered in MOUNTAIN HOME, AR.

Key People & Compensation (2023)

Name	Title	Compensation	Benefits	Total
First Security Bank	TRUSTEE	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$40K

2023+5%

Total Assets

$488K

2023-4%

Fair Market Value

$527K

2023

Net Worth

$488K

2023

Grants Paid

$33K

2023

Contributions

2023

Net Investment Income

$14K

2023

Distribution Amount

$25K

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Investment Portfolio (2023)

Total: $315K

Corporate Stock (8%)

Corporate Bonds (34%)

Government Obligations (23%)

Other Investments (29%)

Cash (6%)

Expense Breakdown (2023)

Revenue Sources (2023)

Interest: $8K
Capital Gains (Net): $5K
Dividends: $5K

Financial Details (2023)

Total Revenue: $18K
Total Expenses: $40K
Exempt Purpose Expenses: $33K
Required Distribution: $25K
Undistributed Income: $0
Total Liabilities: $1
Excise Tax: $188
Tax Due: $188

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$123K

Average Grant

$2K

Median Grant

$2K

Unique Recipients

Most Common Grant

$2K

Grant Disbursements by Year

Grant Range

Min$1K

Max$3K

Median: $2K

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

AR$123K (72)

Past Grantees

Recipient	Location	Amount	Year
Kelsey RoachEDUCATIONAL SCHOLARSHIP	Mountain Home, AR	$3K	2023
Andrea ShearerEDUCATIONAL SCHOLARSHIP	Mountain Home, AR	$3K	2023
Andrew TardiffEDUCATIONAL SCHOLARSHIP	Mountain Home, AR	$3K	2023
Aria UtechEDUCATIONAL SCHOLARSHIP	Mountain Home, AR	$3K	2023
Shye FischerEDUCATIONAL SCHOLARSHIP	Mountain Home, AR	$3K	2023