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Also known as: C/O FIRST NATIONAL BANK SIOUX FALLS
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Scharlepp Scholarship Trust is a private trust based in SIOUX FALLS, SD. The foundation received its IRS ruling in 2016. The principal officer is First National Bank In Sioux Fall. It holds total assets of $3.2M. Annual income is reported at $92K. The foundation is governed by 2 officers and trustees. The scharlepp scholarship trust is organized to provide educational opportunities and financial assistance to young adults from osceola, lyon, sioux, and o'brien counties of iowa. Each year the income from the trust will be distributed to the high schools in the above referenced counties to be awarded as tuition scholarships to current or recent graduates. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Iowa. According to available records, Scharlepp Scholarship Trust has made 36 grants totaling $261K, with a median grant of $8K. The foundation has distributed between $81K and $90K annually from 2020 to 2022. Individual grants have ranged from $7K to $8K, with an average award of $7K. The foundation has supported 12 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
Smallest Grant
$8K
Median Grant
$8K
Average Grant
$8K
Largest Grant
$8K
Based on 12 grants from the most recent 990-PF filing.
The scharlepp scholarship trust is organized to provide educational opportunities and financial assistance to young adults from osceola, lyon, sioux, and o'brien counties of iowa. Each year the income from the trust will be distributed to the high schools in the above referenced counties to be awarded as tuition scholarships to current or recent graduates.
Expenses: $95K
The scharlepp scholarship trust is organized to provide educational opportunities and financial assistance to young adults from osceola, lyon, sioux, and o'brien counties of iowa. Each year the income from the trust will be distributed to the high schools in the above referenced counties to be awarded as tuition scholarships to current or recent graduates. Based on available records, the foundation has funded 36 grants. Its grantmaking reaches organizations primarily in IA.
Scharlepp Scholarship Trust has distributed a total of $261K across 36 grants. The median grant size is $8K, with an average of $7K. Individual grants have ranged from $7K to $8K.
Scharlepp Scholarship Trust typically selects its grantees rather than accepting unsolicited proposals.
Scharlepp Scholarship Trust is headquartered in SIOUX FALLS, SD.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| The First National Bank Sioux Falls | CO-TRUSTEE | $7K | $0 | $7K |
| Gary T Benz | CO-TRUSTEE | $1K | $0 | $1K |
Total Giving
$104K
Total Assets
$3.2M
Fair Market Value
$1.2M
Net Worth
$3.2M
Grants Paid
$84K
Contributions
N/A
Net Investment Income
$9K
Distribution Amount
$52K
Total: N/A
Total Grants
36
Total Giving
$261K
Average Grant
$7K
Median Grant
$8K
Unique Recipients
12
Most Common Grant
$8K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Boyden-Hull Community School DistriCOLLEGE SCHOLARSHIPS TO BE AWARDED | Hull, IA | $8K | 2022 |
| Central Lyon Senior High SchoolCOLLEGE SCHOLARSHIPS TO BE AWARDED | Rock Rapids, IA | $8K | 2022 |
| George-Little Rock Community SchoolCOLLEGE SCHOLARSHIPS TO BE AWARDED | George, IA | $8K | 2022 |
| Hartley-Melvin-Sanborn CommunityCOLLEGE SCHOLARSHIPS TO BE AWARDED | Hartley, IA | $8K | 2022 |
| Moc Floyd Valley Community SchoolCOLLEGE SCHOLARSHIPS TO BE AWARDED | Orange City, IA | $8K | 2022 |
| Rock Valley Community SchoolCOLLEGE SCHOLARSHIPS TO BE AWARDED | Rock Valley, IA | $8K | 2022 |
| Sheldon Community School DistrictCOLLEGE SCHOLARSHIPS TO BE AWARDED | Sheldon, IA | $8K | 2022 |
| Sibley-Ocheyedan Community SchoolCOLLEGE SCHOLARSHIPS TO BE AWARDED | Sibley, IA | $8K | 2022 |
| Sioux Center SchoolsCOLLEGE SCHOLARSHIPS TO BE AWARDED | Sioux Center, IA | $8K | 2022 |
| South O'Brien Community SchoolCOLLEGE SCHOLARSHIPS TO BE AWARDED | Paulina, IA | $8K | 2022 |
| West Lyon School FoundationCOLLEGE SCHOLARSHIPS TO BE AWARED | Inwood, IA | $8K | 2022 |
| West Sioux Community School DistricCOLLEGE SCHOLARSHIPS TO BE AWARDED | Hawarden, IA | $8K | 2022 |