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Also known as: WASHINGTON SAVINGS BANK TRUSTEE
Jacob Stump Jr And Clara Stump Memorial Scholarship Fund is a private trust based in MATTOON, IL. The foundation received its IRS ruling in 1969. It holds total assets of $696K. Annual income is reported at $410K. DISTRIBUTION OF SCHOLARSHIPS TO HIGH SCHOOL SENIORS TO ATTEND ANY STATE SUPPORTED COLLEGE OR UNIVERSITY IN THE STATE OF ILLINOIS. According to available records, Jacob Stump Jr And Clara Stump Memorial Scholarship Fund has made 3 grants totaling $199K, with a median grant of $75K. Annual giving has grown from $49K in 2021 to $150K in 2023. Individual grants have ranged from $49K to $75K, with an average award of $66K. Grant recipients are concentrated in Illinois. Contributions to this foundation are tax-deductible.
DISTRIBUTION OF SCHOLARSHIPS TO HIGH SCHOOL SENIORS TO ATTEND ANY STATE SUPPORTED COLLEGE OR UNIVERSITY IN THE STATE OF ILLINOIS
Expenses: $49K
ADMINISTRATIVE EXPENSES RELATED TO ADMINISTRATION OF SCHOLARSHIPS: ACCOUNTING FEES - 1,220
Expenses: $9K
TRUSTEE FEES - 7,689
DISTRIBUTION OF SCHOLARSHIPS TO HIGH SCHOOL SENIORS TO ATTEND ANY STATE SUPPORTED COLLEGE OR UNIVERSITY IN THE STATE OF ILLINOIS. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in IL.
Jacob Stump Jr And Clara Stump Memorial Scholarship Fund has distributed a total of $199K across 3 grants. The median grant size is $75K, with an average of $66K. Individual grants have ranged from $49K to $75K.
The application deadline is APRIL 15TH EACH YEAR. MATTOON, ILLINOIS AND SURROUNDING COMMUNITIES.
Jacob Stump Jr And Clara Stump Memorial Scholarship Fund is headquartered in MATTOON, IL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Washington Savings Bank | TRUSTEE | $16K | $0 | $16K |
Total Giving
$97K
Total Assets
$511K
Fair Market Value
$1.2M
Net Worth
$511K
Grants Paid
$75K
Contributions
$0
Net Investment Income
$59K
Distribution Amount
$64K
Total: $364K
Total Grants
3
Total Giving
$199K
Average Grant
$66K
Median Grant
$75K
Unique Recipients
1
Most Common Grant
$75K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Attached ScheduleSCHOLARSHIP | Mattoon, IL | $75K | 2023 |
GILMAN, IL
BELLEVILLE, IL
NORMAL, IL
NEWTOWN, PA
ELLSWORTH, KS
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