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Froman Scholarship 11-50004-2 is a private trust based in EVANSVILLE, IN. The foundation received its IRS ruling in 2019. The principal officer is Old National Wealth Mgmnt Ttee. It holds total assets of $156K. Annual income is reported at $37K. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. The foundation primarily funds organizations in Indiana and Illinois. According to available records, Froman Scholarship 11-50004-2 has made 14 grants totaling $19K, with a median grant of $1K. Annual giving has decreased from $7K in 2021 to $4K in 2023. Grantmaking activity was highest in 2022 with $8K distributed across 6 grants. Individual grants have ranged from $1K to $3K, with an average award of $1K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Indiana and Illinois and Kentucky. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$2K
Average Grant
$3K
Largest Grant
$6K
Based on 4 grants from the most recent 990-PF filing.
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.
Froman Scholarship 11-50004-2 primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in IN, IL, KY.
Froman Scholarship 11-50004-2 has distributed a total of $19K across 14 grants. The median grant size is $1K, with an average of $1K. Individual grants have ranged from $1K to $3K.
Froman Scholarship 11-50004-2 typically selects its grantees rather than accepting unsolicited proposals.
Froman Scholarship 11-50004-2 is headquartered in EVANSVILLE, IN. While based in IN, the foundation distributes grants to organizations across 3 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Old National Wealth Management | TRUSTEE | $3K | $0 | $3K |
Total Giving
$8K
Total Assets
$152K
Fair Market Value
$168K
Net Worth
$152K
Grants Paid
$4K
Contributions
N/A
Net Investment Income
$17K
Distribution Amount
$8K
Total Grants
14
Total Giving
$19K
Average Grant
$1K
Median Grant
$1K
Unique Recipients
6
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of IllinoisSCHOLARSHIPS | Champaign, IL | $1K | 2023 |
| University Of Southern IndianaSCHOLARSHIPS | Evansville, IN | $1K | 2023 |
| Wabash Valley CollegeSCHOLARSHIPS | Mt Carmel, IL | $1K | 2023 |
| Murray State UniversitySCHOLARSHIPS | Murray, KY | $1K | 2023 |
| Eastern Illinois UniversitySCHOLARSHIPS | Charleston, IL | $1K | 2021 |
| Anderson UniversitySCHOLARSHIPS | Anderson, IN | $1K | 2021 |
INDIANAPOLIS, IN
INDIANAPOLIS, IN
MERRILLVILLE, IN