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John U Parolo Educational Trust is a private trust based in PITTSBURG, KS. The foundation received its IRS ruling in 2019. The principal officer is % William B Wachter. It holds total assets of $4.2M. Annual income is reported at $2.6M. TO PROVIDE EDUCATIONAL INSTITUTIONS AND STUDENTS FUNDS FOR SCHOLARSHIPS IN THE FIELDS OF MEDICINE NURSING ENGINEERING MATH AND SCIENCES. According to available records, John U Parolo Educational Trust has made 19 grants totaling $3M, with a median grant of $50K. Annual giving has grown from $788K in 2020 to $1.5M in 2022. Individual grants have ranged from $10K to $400K, with an average award of $159K. The foundation has supported 8 unique organizations. Grant recipients are concentrated in Kansas. Contributions to this foundation are tax-deductible.
PROVIDE SCHOLARSHIPS FOR STUDENTS TO EARN A UNDERGRADUATE OR GRADUATE DEGREE IN MEDICINE, NURSING, ENGINEERING, MATH AND SCIENCES.
Expenses: $408K
PROVIDING RESEARCH, ENDOWMENT AND BUILDING PROJECT AWARDS TO INDIVIDUAL STUDENTS AND/OR EDUCATIONAL INSTITUTIONS
Expenses: $408K
TO PROVIDE EDUCATIONAL INSTITUTIONS AND STUDENTS FUNDS FOR SCHOLARSHIPS IN THE FIELDS OF MEDICINE NURSING ENGINEERING MATH AND SCIENCES. Based on available records, the foundation has funded 19 grants. Its grantmaking reaches organizations primarily in KS.
John U Parolo Educational Trust has distributed a total of $3M across 19 grants. The median grant size is $50K, with an average of $159K. Individual grants have ranged from $10K to $400K.
John U Parolo Educational Trust typically selects its grantees rather than accepting unsolicited proposals. The application deadline is MARCH 1.
John U Parolo Educational Trust is headquartered in PITTSBURG, KS.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| William B Wachter | TRUSTEE | $15K | $0 | $15K |
| Tracy Mussa | DIRECTOR | $15K | $0 | $15K |
| Carrie Amershek | DIRECTOR | $15K | $0 | $15K |
Total Giving
$793K
Total Assets
$4.7M
Fair Market Value
$4.7M
Net Worth
$4.7M
Grants Paid
$742K
Contributions
$0
Net Investment Income
$37K
Distribution Amount
$0
Total Grants
19
Total Giving
$3M
Average Grant
$159K
Median Grant
$50K
Unique Recipients
8
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Pittsburg St University FoundationTO PROVIDE SUPPORT FOR THE EDUCATION OF STUDENTS | Pittsburg, KS | $400K | 2022 |
| Community Health Center Se KansasTO PROVIDE SUPPORT FOR THE EDUCATION OF STUDENTS | Pittsburg, KS | $250K | 2022 |
| Mount Carmel FoundationTO PROVIDE SUPPORT FOR THE EDUCATION OF STUDENTS | Pittsburg, KS | $50K | 2022 |
| Miners Hall Museum FoundationTO PROVIDE EDUCATIONAL SUPPORT TO STUDENTS | Pittsburg, KS | $50K | 2022 |
| Pittsburg State University Foundation IncTO PROVIDE SCHOLARSHIP FUNDS TO STUDENTS | Pittsburg, KS |
PEORIA, IL
MARION, IA
MASSAPEQUA, NY
MECHANICSBURG, PA
APPLETON, WI
| 2019 | 990PF | View |
| $400K |
| 2021 |
| Community Health Center Of Southeast Kansas IncTO PROVIDE SUPPORT FOR THE EDUCATION OF STUDENTS | Pittsburg, KS | $250K | 2021 |
| Pittsburg State University School Of NursingTO PROVIDE SCHOLARSHIP FUNDS TO STUDENTS | Pittsburg, KS | $21K | 2021 |
| Pittsburg Public Library FoundationTO PROVIDE SUPPORT FOR THE EDUCATION OF STUDENTS | Pittsburg, KS | $10K | 2020 |
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