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George S & Grace A Jay Memorial Trust is a private trust based in SHENANDOAH, IA. The foundation received its IRS ruling in 1963. The principal officer is R W Longman Ttee. It holds total assets of $2.6M. Annual income is reported at $206K. The foundation is governed by 3 officers and trustees. Charitable contributions to support and expand opportunities for students of shenandoah ia school district. According to available records, George S & Grace A Jay Memorial Trust has made 9 grants totaling $513K, with a median grant of $60K. Annual giving has grown from $103K in 2021 to $154K in 2024. Individual grants have ranged from $17K to $103K, with an average award of $57K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Scholarships to high school students of shenandoah, iowa and related area community school districts
Expenses: $103K
Charitable contributions to support and expand opportunities for students of shenandoah ia school district. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in IA.
George S & Grace A Jay Memorial Trust has distributed a total of $513K across 9 grants. The median grant size is $60K, with an average of $57K. Individual grants have ranged from $17K to $103K.
The application deadline is APPLICATIONS SHOULD BE SUBMITTED BY MAY 31. APPLICANTS USUALLY NOTIFIED BY JUNE 30 IF APPROVED OR RE. Student loans to worthy graduates of shenandoah & essex, ia high schools only. Loans to individuals not to exceed $1,500 per undergrad semester, $2,000 grad semester ($500 summer session). Loans only to attend accredited college, university, or trade school.
George S & Grace A Jay Memorial Trust is headquartered in SHENANDOAH, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| L Craig Harris | TRUSTEE | $7K | $0 | $7K |
| Robert Longman | TRUSTEE | $7K | $0 | $7K |
| Nancy Maher | TRUSTEE | $7K | $0 | $7K |
Total Giving
$136K
Total Assets
$2.6M
Fair Market Value
$3.2M
Net Worth
$2.6M
Grants Paid
$77K
Contributions
N/A
Net Investment Income
$50K
Distribution Amount
$258K
Total: $1.2M
Total Grants
9
Total Giving
$513K
Average Grant
$57K
Median Grant
$60K
Unique Recipients
4
Most Common Grant
$17K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| ScholarshipsSCHOLARSHIP FOR HIGH SCHOOL STUDENTS | Shenandoah, IA | $17K | 2024 |
| Shenandoah Iowa Education FoundatioTO SUPPORT STUDENTS OF SHENANDOAH IA | Shenandoah, IA | $60K | 2024 |
| Shenandoah Iowa Education FoundationTO SUPPORT AND EXPANDOPPORTUNITIES FOR STUDENTS OFSHENANDOAH IA SCHOOL DISTRICT | Shenandoah, IA | $100K | 2023 |
| See Attached Schedule OfSCHOLARSHIP FORHIGH SCHOOL STUDENTS | Semesters, IA | $21K | 2023 |