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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 $18K. Annual income is reported at $11K. The foundation is governed by 1 officer or trustee. Distibution of scholarships to 5 recipients. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Iowa. 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.
Smallest Grant
$1K
Median Grant
$2K
Average Grant
$1K
Largest Grant
$2K
Based on 5 grants from the most recent 990-PF filing.
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.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Midwestone Bank | TRUSTEE | $0 | $0 | N/A |
Total Giving
$17K
Total Assets
$296K
Fair Market Value
$316K
Net Worth
$296K
Grants Paid
$13K
Contributions
N/A
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 |
|---|---|---|---|
| Andres VargasEDUCATION SCHOLARSHIP | Muscatine, IA | $2K | 2023 |
| Nancy NietoEDUCATION SCHOLARSHIP | Grandview, 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 |
| Alyssa HallEDUCATION SCHOLARSHIP | Muscatine, IA | $3K | 2021 |
| Hector CastilloEDUCATION SCHOLARSHIP | Muscatine, IA | $3K | 2021 |
| Jobie LekwaEDUCATION SCHOLARSHIP | Columbus Junction, IA | $3K | 2021 |
| 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 |
| 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 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA