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Also known as: ESTATE
Nettie Millhollon Educational Trust is a private trust based in STANTON, TX. The foundation received its IRS ruling in 1965. It holds total assets of $37.8M. Annual income is reported at $20.1M. According to available records, Nettie Millhollon Educational Trust has made 5 grants totaling $5.8M, with a median grant of $806K. Annual giving has decreased from $2M in 2021 to $1M in 2024. Grantmaking activity was highest in 2023 with $2.8M distributed across 1 grants. Individual grants have ranged from $10K to $2.8M, with an average award of $1.2M. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Nettie Millhollon Educational Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in TX.
Nettie Millhollon Educational Trust has distributed a total of $5.8M across 5 grants. The median grant size is $806K, with an average of $1.2M. Individual grants have ranged from $10K to $2.8M.
The application deadline is JULY 1 FOR THE FALL SEMESTER. JANUARY 2 FOR THE SPRING SEMESTER. NO FUNDS FOR SUMMER OR GRAD SCHOOL. THE EXEMPT PURPOSE OF THIS EDUCATIONAL TRUST IS TO MAKE STUDENT LOANS TO DESERVING APPLICANTS, BASED PRIMARILY ON FINANCIAL NEED, TO ASSIST THEM IN CONTINUING THEIR EDUCATION. THE PROCEEDS OF THESE LOANS ARE TO BE USED SOLELY FOR PAYMENT OF TUITION AND REQUIRED FEES, ROOM AND BOARD AND SIMILAR LIVING EXPENSES AND FOR INSTITUTIONAL EQUIPMENT, MATERIAL AND BOOKS. APPLICANT MUST BE A LEGAL TEXAS RESIDENT, UNDER AGE 25, PLANNING TO ENROLL IN A TEXAS ACCREDITED INSTITUTION OF HIGHER LEARNING FOR THE ENSUING TERM WITH A MINIMUM OF 12 SEMESTER HOURS. A MINIMUM GPA OF 2.5 AND REGISTRATION FOR 12 SEMESTER HOURS WILL BE REQUIRED TO REMAIN ELIGIBLE FOR THE LOAN EACH SEMESTER. THE RECIPIENT OF THE LOAN WILL BE UNDER A MORAL AND LEGAL OBLIGATION TO REPAY THE LOAN AFTER GRADUATING FROM THE EDUCATIONAL INSTITUTION, COMPLETING HIS OR HER EDUCATION, OR UPON OBTAINING EMPLOYMENT. NO SECURITY IS REQUIRED TO OBTAIN A STUDENT LOAN. THE STUDENT LOAN WILL BEAR THREE TO EIGHT PERCENT (3% TO 8%) INTEREST.
Nettie Millhollon Educational Trust is headquartered in STANTON, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Constance Hazelwood | SEC-TREASURER | $6K | $0 | $6K |
| Charles Blocker | TRUSTEE | $6K | $0 | $6K |
| Claude Ray Glaspie | TRUSTEE | $6K | $0 | $6K |
| Jogay Hill | VICE-CHAIRMAN | $6K | $0 | $6K |
| Kyle Kendall | TRUSTEE | $6K | $0 | $6K |
Total Giving
$1.5M
Total Assets
$36.3M
Fair Market Value
$37M
Net Worth
$36.3M
Grants Paid
$1M
Contributions
$0
Net Investment Income
$7M
Distribution Amount
$2.6M
Total: $615K
Total Grants
5
Total Giving
$5.8M
Average Grant
$1.2M
Median Grant
$806K
Unique Recipients
4
Most Common Grant
$10K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Stanton Isd Education FoundationOPERATING FUNDS | Stanton, TX | $806K | 2024 |
| Grady Isd Education FoundationOPERATING FUNDS | Lenorah, TX | $194K | 2024 |
| Evergreen CemeteryOPERATING FUNDS | Stanton, TX | $10K | 2024 |
| Permian Basin Area FoundationNETTIE MILLHOLLON SCHOLARSHIP FUND, STANTON ISD, GRADY ISD | Midland, TX | $2.8M | 2023 |
| Jeffrey Burch |
| TRUSTEE |
| $6K |
| $0 |
| $6K |
| J Bradley Holland | TRUSTEE | $5K | $0 | $5K |
| Jeremy Louder | CHAIRMAN | $4K | $0 | $4K |
| 2019 | 990PF | View |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
HOUSTON, TX
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