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Michels Fam Educational Trust is a private trust based in MUSCATINE, IA. The foundation received its IRS ruling in 1998. The principal officer is % Midwestone Bank. It holds total assets of $289K. Annual income is reported at $11K. DISTIBUTION OF SCHOLARSHIPS TO 5 RECIPIENTS. According to available records, Michels Fam Educational Trust has made 33 grants totaling $73K, with a median grant of $3K. The foundation has distributed between $7K and $31K annually from 2020 to 2023. Grantmaking activity was highest in 2021 with $31K distributed across 13 grants. Individual grants have ranged from $1K to $5K, with an average award of $2K. The foundation has supported 17 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
DISTIBUTION OF SCHOLARSHIPS TO 5 RECIPIENTS
Expenses: $14K
DISTIBUTION OF SCHOLARSHIPS TO 5 RECIPIENTS. Based on available records, the foundation has funded 33 grants. Its grantmaking reaches organizations primarily in IA.
Michels Fam Educational Trust has distributed a total of $73K across 33 grants. The median grant size is $3K, with an average of $2K. Individual grants have ranged from $1K to $5K.
PREFERENCE SHOULD BE GIVEN TO STUDENTS FROM MUSCATINE AND LOUISA COUNTIES WHO HAVE SHOWN A NEED FOR FINANCIAL ASSISTANCE TO ATTEND EITHER MUSCATINE COMMUNITY COLLEGE OR DRAKE UNIVERSITY.
Michels Fam Educational Trust is headquartered in MUSCATINE, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Midwestone Bank | TRUSTEE | $0 | $0 | $0 |
Total Giving
$17K
Total Assets
$296K
Fair Market Value
$316K
Net Worth
$296K
Grants Paid
$13K
Contributions
$0
Net Investment Income
$87K
Distribution Amount
$14K
Total: $296K
Total Grants
33
Total Giving
$73K
Average Grant
$2K
Median Grant
$3K
Unique Recipients
17
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Nancy NietoEDUCATION SCHOLARSHIP | Grandview, IA | $2K | 2023 |
| Andres VargasEDUCATION SCHOLARSHIP | Muscatine, IA | $2K | 2023 |
| Krystol MartzEDUCATION SCHOLARSHIP | Muscatine, IA | $2K | 2023 |
| Eric ValdezEDUCATION SCHOLARSHIP | Columbus City, IA | $2K | 2023 |
| Allison BrothertonEDUCATION SCHOLARSHIP | Wapello, IA | $2K | 2023 |
GRAVETTE, AR
MUSCATINE, IA
KEY WEST, FL
DAWSONVILLE, GA
HITCHCOCK, TX
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Sophie CrookEDUCATION SCHOLARSHIP |
| Muscatine, IA |
| $3K |
| 2021 |
| Carter MccreryEDUCATION SCHOLARSHIP | Muscatine, IA | $3K | 2021 |
| Stephanie GomezEDUCATION SCHOLARSHIP | Muscatine, IA | $3K | 2021 |
| Madeline StcherEDUCATION SCHOLARSHIP | Muscatine, IA | $3K | 2021 |
| Jade Newsberry-JonesEDUCATION SCHOLARSHIP | Muscatine, IA | $3K | 2021 |
| Hector CastilloEDUCATION SCHOLARSHIP | Muscatine, IA | $3K | 2021 |
| Alyssa HallEDUCATION SCHOLARSHIP | Muscatine, IA | $3K | 2021 |
| Jobie LekwaEDUCATION SCHOLARSHIP | Columbus Junction, IA | $3K | 2021 |
| Ricardo PenaEDUCATION SCHOLARSHIP | Letts, IA | $2K | 2021 |
| Michaela BreedEDUCATION SCHOLARSHIP | Muscatine, IA | $2K | 2020 |
| Amari JonesEDUCATION SCHOLARSHIP | Muscatine, IA | $2K | 2020 |
| Emily ComptonEDUCATION SCHOLARSHIP | Muscatine, IA | $1K | 2020 |
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