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Also known as: SCHOLARSHIP FUND
Brummer Stiles Duncan Scholarship Fund is a private corporation based in CHEROKEE, IA. The foundation received its IRS ruling in 1986. The principal officer is % Cherokee State Bank. It holds total assets of $8.7M. Annual income is reported at $3.5M. According to available records, Brummer Stiles Duncan Scholarship Fund has made 4 grants totaling $1.7M, with a median grant of $404K. Annual giving has grown from $391K in 2020 to $512K in 2023. Individual grants have ranged from $358K to $512K, with an average award of $419K. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Brummer Stiles Duncan Scholarship 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 IA.
Brummer Stiles Duncan Scholarship Fund has distributed a total of $1.7M across 4 grants. The median grant size is $404K, with an average of $419K. Individual grants have ranged from $358K to $512K.
The application deadline is MAY 1ST. THE BRUMMER-STILES-DUNCAN SCHOLARSHIP FUND WILL MAKE SCHOLARSHIP GRANTS FOR THE BENEFIT OF GRADUATES OF ANY HIGH SCHOOL IN THE COUNTY OF CHEROKEE, IOWA, FOR THE PURPOSE OF ENABLING SUCH GRADUATES TO ATTEND A JUNIOR COLLEGE, COLLEGE, UNIVERSITY OR SIMILAR INSTITUTION OF HIGHER LEARNING. THE RECIPIENTS OF BENEFITS AND THE AMOUNTS PAID SHALL BE DETERMINED BY A SELECTION COMMITTEE. THE SELECTION COMMITTEE IS TO DETERMINE IN THEIR SOLE JUDGMENT AND DISCRETION WHICH APPLICANTS APTITUDE AND CIRCUMSTANCES ARE OF FINANCIAL NEED. THE COMMITTEE IS NOT TO BE DISCRIMINATE AGAINST OR IN FAVOR OF POTENTIAL BENEFICIARY ON THE BASIS OF RACE, RELIGION, CREED, COLOR, OR SEX.
Brummer Stiles Duncan Scholarship Fund is headquartered in CHEROKEE, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Cherokee State Bank | TRUSTEE | $63K | $0 | $63K |
Total Giving
$602K
Total Assets
$8.5M
Fair Market Value
$9.9M
Net Worth
$8.5M
Grants Paid
$512K
Contributions
$0
Net Investment Income
$243K
Distribution Amount
$497K
Total: $3.1M
Total Grants
4
Total Giving
$1.7M
Average Grant
$419K
Median Grant
$404K
Unique Recipients
1
Most Common Grant
$358K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See ScheduleCOLLEGE COSTS | Cherokee, IA | $512K | 2023 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
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