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Hughes Owen Memorial Scholardhip Trust is a private trust based in W LAFAYETTE, IN. The foundation received its IRS ruling in 1991. The principal officer is Bill Owen. It holds total assets of $284K. Annual income is reported at $41K. Total assets have decreased from $403K in 2011 to $292K in 2023. The foundation is governed by 1 officer or trustee. Awarding scholarships to aid in college expenses. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Indiana. According to available records, Hughes Owen Memorial Scholardhip Trust has made 23 grants totaling $120K, with a median grant of $5K. The foundation has distributed between $36K and $42K annually from 2020 to 2022. Grantmaking activity was highest in 2021 with $42K distributed across 8 grants. The foundation has supported 11 unique organizations. Grant recipients are concentrated in Indiana. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$5K
Average Grant
$5K
Largest Grant
$5K
Based on 8 grants from the most recent 990-PF filing.
Awarding scholarships to aid in college expenses
Expenses: $36K
Awarding scholarships to aid in college expenses. Based on available records, the foundation has funded 23 grants. Its grantmaking reaches organizations primarily in IN.
Hughes Owen Memorial Scholardhip Trust has distributed a total of $120K across 23 grants. The median grant size is $5K, with an average of $5K. Individual grants have ranged from $5K to $5K.
Hughes Owen Memorial Scholardhip Trust typically selects its grantees rather than accepting unsolicited proposals.
Hughes Owen Memorial Scholardhip Trust is headquartered in W LAFAYETTE, IN.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| C William Owen | Trustee | $0 | $0 | N/A |
Total Giving
$42K
Total Assets
$292K
Fair Market Value
$812K
Net Worth
$292K
Grants Paid
$42K
Contributions
N/A
Net Investment Income
$37K
Distribution Amount
$42K
Total Grants
23
Total Giving
$120K
Average Grant
$5K
Median Grant
$5K
Unique Recipients
11
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Elliot Nathaniel ReedEducational expenses | Tell City, IN | $5K | 2022 |
| Kammie Jo HayesEducational expenses | Tell City, IN | $5K | 2022 |
| Elizabeth Leann GoffinetEducational Expenses | Tell City, IN | $5K | 2022 |
| Colin Wesley NobleEducational Expenses | Tell City, IN | $5K | 2022 |
| Valerie Grace KehlEducation expenses | Tell City, IN | $5K | 2022 |
| Bren MillerEducation expenses | Tell City, IN | $5K | 2022 |
| Gage MeunierEducational expenses | Tell City, IN | $5K | 2022 |
| Victoria WeatherholtEducational Expenses | Tell City, IN | $5K | 2022 |
| Whitaker Matthew LyonsEducational Expenses | Tell City, IN | $5K | 2021 |
| Hayley FacklerEducational Expenses | Tell City, IN | $5K | 2021 |
| Emma KohnertEducational Expenses | Tell City, IN | $5K | 2020 |