Also known as: SCHOLARSHIP FUND C/O HILLS BANK TTEE
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Donald H & Elizabeth J Werling Scholarship Fund is a private trust based in NORTH LIBERTY, IA. The foundation received its IRS ruling in 1990. The principal officer is Hills Bank And Trust. It holds total assets of $153K. Annual income is reported at $46K. Total assets have decreased from $229K in 2014 to $154K in 2023. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Donald H & Elizabeth J Werling Scholarship Fund has made 5 grants totaling $54K, with a median grant of $10K. Annual giving has decreased from $14K in 2020 to $10K in 2023. Grantmaking activity was highest in 2022 with $20K distributed across 2 grants. Individual grants have ranged from $10K to $14K, with an average award of $11K. Grant recipients are concentrated in Iowa. 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.
Donald H & Elizabeth J Werling Scholarship Fund is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in IA.
Donald H & Elizabeth J Werling Scholarship Fund has distributed a total of $54K across 5 grants. The median grant size is $10K, with an average of $11K. Individual grants have ranged from $10K to $14K.
Donald H & Elizabeth J Werling Scholarship Fund typically selects its grantees rather than accepting unsolicited proposals.
Donald H & Elizabeth J Werling Scholarship Fund is headquartered in NORTH LIBERTY, IA.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Hills Bank And Trust Company | TRUSTEE | $2K | $0 | $2K |
Total Giving
$12K
Total Assets
$154K
Fair Market Value
$173K
Net Worth
$154K
Grants Paid
$10K
Contributions
N/A
Net Investment Income
$6K
Distribution Amount
$8K
Total: $134K
Total Grants
5
Total Giving
$54K
Average Grant
$11K
Median Grant
$10K
Unique Recipients
1
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Tipton Community School DistrictSCHOLARSHIPS | Tipton, IA | $10K | 2023 |