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Also known as: SCHOLARSHIP FUND
Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch is a private trust based in MARENGO, IA. The foundation received its IRS ruling in 1984. It holds total assets of $291K. Annual income is reported at $91K. THIS ORGANIZATION, AS DISCLOSED BY ITS FORM 990-PF,HAS VERY MINIMAL ADMINISTRATION EXPENSES. THE TRUSTEE IS PAID ON AN HOURLY BASIS FOR HER TIME EXPENDED ON BEHALF OF THE TRUST OR SCHOLARSHIP FUND AND THE PROFESSIONAL FEE CHARGED IS BASICALLY FOR THE PREPARATION OF THE FORM 990-PF, WHICH FEE IS ALSO BASED ON AN HOURLY RATE. According to available records, Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch has made 86 grants totaling $358K, with a median grant of $4K. Annual giving has grown from $47K in 2020 to $81K in 2023. Grantmaking activity was highest in 2022 with $148K distributed across 38 grants. Individual grants have ranged from $2K to $25K, with an average award of $4K. The foundation has supported 44 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
THIS ORGANIZATION, AS DISCLOSED BY ITS FORM 990-PF,HAS VERY MINIMAL ADMINISTRATION EXPENSES. THE TRUSTEE IS PAID ON AN HOURLY BASIS FOR HER TIME EXPENDED ON BEHALF OF THE TRUST OR SCHOLARSHIP FUND AND THE PROFESSIONAL FEE CHARGED IS BASICALLY FOR THE PREPARATION OF THE FORM 990-PF, WHICH FEE IS ALSO BASED ON AN HOURLY RATE.
AS SHOWN IN PART XV OF THIS FORM, 15 INDIVIDUAL BENEFICIARIES RECEIVED TUITION SCHOLARSHIP FUNDS FROM THIS ORGANIZATION AND 1 GOVERNMENTAL ENTITY RECEIVED FUNDS FOR CLASROOM IMPROVEMENTS. ALL ADMINISTRATIVE EXPENSE INCURRED DEALT WITH THE PAYMENT OF SAID TUITION SCHOLARSHIPS, GOVERNMENTAL GRANT PAYMENTS AND THE COLLECTION OF INCOME FROM THE ASSETS OF THE ORGANIZATION WHICH ARE SUMMARIZED HEREIN.
THIS ORGANIZATION, AS DISCLOSED BY ITS FORM 990-PF,HAS VERY MINIMAL ADMINISTRATION EXPENSES. THE TRUSTEE IS PAID ON AN HOURLY BASIS FOR HER TIME EXPENDED ON BEHALF OF THE TRUST OR SCHOLARSHIP FUND AND THE PROFESSIONAL FEE CHARGED IS BASICALLY FOR THE PREPARATION OF THE FORM 990-PF, WHICH FEE IS ALSO BASED ON AN HOURLY RATE. Based on available records, the foundation has funded 86 grants. Its grantmaking reaches organizations primarily in IA.
Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch has distributed a total of $358K across 86 grants. The median grant size is $4K, with an average of $4K. Individual grants have ranged from $2K to $25K.
The application deadline is MARCH 15.
Rex & Christine Bishop Perpetual Schlshp Fd For Ia Valley Cmty Sch is headquartered in MARENGO, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Julie A Read | Trustee | $806 | $0 | $806 |
Total Giving
$83K
Total Assets
$312K
Fair Market Value
$1.4M
Net Worth
$312K
Grants Paid
$81K
Contributions
$0
Net Investment Income
$41K
Distribution Amount
$62K
Total: $272K
Total Grants
86
Total Giving
$358K
Average Grant
$4K
Median Grant
$4K
Unique Recipients
44
Most Common Grant
$4K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Owen RitterTUITION | Marengo, IA | $9K | 2023 |
| Stefani MartinezTUITION | Wapello, IA | $5K | 2023 |
| Cade OsbornTUITION | Marengo, IA | $5K | 2023 |
| Jestine MegchelsenTUITION | Marengo, IA | $5K | 2023 |
| Aidan QuinlanTUITION | Marengo, IA | $5K | 2023 |
MATTOON, IL
RALEIGH, NC
NEW ORLEANS, LA
SHERIDAN, OR
HANOVER, MA
| Calvin HuberTUITION |
| Marengo, IA |
| $4K |
| 2023 |
| Brody HoytTUITION | Marengo, IA | $4K | 2023 |
| Aubrey KriegelTUITION | Marengo, IA | $4K | 2023 |
| Emma GarzaTUITION | Marengo, IA | $4K | 2023 |
| Madeline ShadeTUITION | Marengo, IA | $4K | 2023 |
| Emma WerlingTUITION | Marengo, IA | $4K | 2023 |
| Paige VanberkumTUITION | Marengo, IA | $4K | 2023 |
| Ronan PeachTUITION | Marengo, IA | $4K | 2023 |
| Sahara KankeTUITION | Marengo, IA | $4K | 2023 |
| Evan KearneyTUITION | Marengo, IA | $3K | 2023 |
| Madison ChandlerTUITION | North Liberty, IA | $3K | 2023 |
| Hannah SparrowgroveTUITION | Marengo, IA | $3K | 2023 |
| Maci DotyTUITION | Marengo, IA | $3K | 2023 |
| Megan PlotzTUITION | Marengo, IA | $2K | 2023 |
| Jaden SmithTUITION | Marengo, IA | $9K | 2022 |
| Addisyn RoggentienTUITION | Marengo, IA | $5K | 2022 |
| Sydney BenscoterTUITION | Marengo, IA | $4K | 2022 |
| Amelia FrimmlTUITION | Marengo, IA | $4K | 2022 |
| Paige WieckTUITION | Marengo, IA | $3K | 2022 |
| Callie HallTUITION | Marengo, IA | $3K | 2022 |
| Beth ImhoffTUITION | Marengo, IA | $2K | 2022 |
| Grace GunzenhauserCLASSROOM IMPROVEMENTS AND EQUIPMENT | Marengo, IA | $2K | 2022 |
| Iowa Valley CsdCLASSROOM IMPROVEMENTS AND EQUIPMENT | Marengo, IA | $25K | 2021 |
| Abby WaddellTUITION | Marengo, IA | $6K | 2021 |
| Cecilia JergensTUITION | Marengo, IA | $5K | 2021 |
| Paige JergensTUITION | Marengo, IA | $4K | 2021 |
| Jeana QuinlanTUITION | Marengo, IA | $4K | 2021 |
| Zachary PierceTUITION | Marengo, IA | $4K | 2021 |
| Hannah SchadeTUITION | Marengo, IA | $4K | 2021 |
| Coby OsbornTUITION | Marengo, IA | $4K | 2021 |
| Riley KienitzTUITION | Marengo, IA | $4K | 2021 |
| Katie KrakowTUITION | Marengo, IA | $4K | 2021 |
| Ben SmithTUITION | Marengo, IA | $3K | 2021 |
| Alexandra LofferTUITION | Marengo, IA | $2K | 2021 |
| Chelsea RathjenTUITION | Marengo, IA | $4K | 2020 |
| Jenna DemmelTUITION | Marengo, IA | $4K | 2020 |
| Delaney HealeyTUITION | Marengo, IA | $3K | 2020 |
| Joshua BaileyTuition | Marengo, IA | $3K | 2020 |
| Molly McmannTUITION | Marengo, IA | $2K | 2020 |
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