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Ruth Veasey Educational Foundation Inc. is a private corporation based in DERMOTT, AR. The foundation received its IRS ruling in 1963. It holds total assets of $2.3M. Annual income is reported at $814K. Total assets have grown from $574K in 2011 to $1.7M in 2023. The foundation is governed by 4 officers and trustees. Scholarship loans to qualifying individuals. Tax records are available from 2017 to 2024. Grantmaking is concentrated in Arkansas. According to available records, Ruth Veasey Educational Foundation Inc. has made 203 grants totaling $1M, with a median grant of $5K. Annual giving has decreased from $236K in 2020 to $168K in 2024. Grantmaking activity was highest in 2023 with $340K distributed across 70 grants. Individual grants have ranged from $1K to $20K, with an average award of $5K. The foundation has supported 85 unique organizations. Grants have been distributed to organizations in Arkansas and Alabama. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$5K
Average Grant
$5K
Largest Grant
$10K
Based on 31 grants from the most recent 990-PF filing.
Scholarship loans to qualifying individuals.
Related administrative expenses.
Scholarship loans to qualifying individuals. Based on available records, the foundation has funded 203 grants. Its grantmaking reaches organizations primarily in AR, AL.
Ruth Veasey Educational Foundation Inc. has distributed a total of $1M across 203 grants. The median grant size is $5K, with an average of $5K. Individual grants have ranged from $1K to $20K.
The application deadline is Deadline for submitting applications is April 30, each year. Loan scholarships shall be awarded only to deserving students of integrity, intelligence, character,competency and aptitude who have been graduated from a high school and are pursuing or will pursue higher education in an accredited college, technical institute or university. Scholarship of the highest rank will not be a definite requirement for a loan scholarship award: however, the foundation desires to encourage students who will become leaders in the community and business life and does not wish loan scholarships be made to mediocre or inferior students. Preference will be given to graduates of the Dermott High School or its successor(s) institution.
Ruth Veasey Educational Foundation Inc. is headquartered in DERMOTT, AR. While based in AR, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Melanie Proffitt | Director | $0 | $0 | N/A |
| Bill Burchfield | Director | $0 | $0 | N/A |
| Jill Jackson | Director | $0 | $0 | N/A |
| Mike Smith | President | $0 | $0 | N/A |
Total Giving
$234K
Total Assets
$1.7M
Fair Market Value
N/A
Net Worth
$1.6M
Grants Paid
$168K
Contributions
N/A
Net Investment Income
$577K
Distribution Amount
N/A
Total: $12K
Total Grants
203
Total Giving
$1M
Average Grant
$5K
Median Grant
$5K
Unique Recipients
85
Most Common Grant
$5K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Perry Joel AlexanderStudent Loans | Lake Village, AR | $5K | 2024 |
| Burchfield BaylorStudent Loans | Crossett, AR | $5K | 2024 |
| Burdan Mary AshtonStudent Loans | Mcgehee, AR | $5K | 2024 |
| Burton Kaitlin BethStudent Loans | Lake Village, AR | $5K | 2024 |
| Fabick Anna LaurenStudent Loans | Lake Villagae, AR | $5K | 2024 |
| Groves Caroline ElizabethStudent Loans | Little Rock, AR | $5K | 2024 |
| Mcbride Abby NicoleStudent Loans | Mcgehee, AR | $5K | 2024 |
| Nichols Matthew ChandlerStudent Loans | Eudora, AR | $5K | 2024 |
| Pesaresi AnnaStudent Loans | Monticello, AR | $5K | 2024 |
| Potter Henry WilliamsStudent Loans | Lake Village, AR | $5K | 2024 |
| Burchfield Maci GraceStudent Loans | Crossett, AR | $5K | 2024 |
| Cassels Lauren ElizabethStudent Loans | Hot Springs, AR | $5K | 2024 |
| Cox Aidan KoleStudent Loans | Lake Village, AR | $5K | 2024 |
| Cox Jason AlexanderStudent Loans | Watson, AR | $5K | 2024 |
| Humphries Zoe PStudent Loans | Tillar, AR | $5K | 2024 |
| Look Amy KathrynStudent Loans | Lake Village, AR | $5K | 2024 |
| Mencer Mary JosettaStudent Loans | Monticello, AR | $5K | 2024 |
| Meyer Caroline HaynesStudent Loans | Eudora, AR | $5K | 2024 |
| Meyer Catherine CashionStudent Loans | Eudora, AR | $5K | 2024 |
| Wilson KathyStudent Loans | Tillar, AR | $5K | 2024 |
| Book Makaila RichelleStudent Loans | Lake Village, AR | $5K | 2024 |
| Whitehurst Carley AnnStudent Loans | Monticello, AR | $5K | 2024 |
| Anderson ClaytonStudent Loans | Lake Village, AR | $5K | 2024 |
| Stark Matthew DouglasStudent Loans | Lake Village, AR | $5K | 2024 |
| Jamison Aubrey DavisStudent Loans | Dermott, AR | $5K | 2024 |
| Alexander Mary KatherineStudent Loans | Monticello, AR | $5K | 2024 |
| Montgomery Averi CathrynStudent Loans | Monticello, AR | $5K | 2024 |
| Morphis Robert GraysonStudent Loans | Mcgehee, AR | $5K | 2024 |
| Newton Madison SaraStudent Loans | Monticello, AR | $5K | 2024 |
| Olivi Annsley TeresaStudent Loans | Lake Village, AR | $5K | 2024 |
| Palsa William ColeStudent Loans | Tillar, AR | $5K | 2024 |
| Reginelli Mia HarperStudent Loans | Monticello, AR | $5K | 2024 |
| Allbritton JosalynStudent Loans | Lake Village, AR | $5K | 2024 |
| Osborne Lacey MStudent Loans | Lake Village, AR | $3K | 2024 |
| Bass Nathaniel PerryStudent Loans | Lake Village, AR | $5K | 2023 |