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Also known as: C/O TONIA TUSSIEWILMINGTON TRUST CO
The Ross Loan Fund is a private trust based in WILMINGTON, DE. The foundation received its IRS ruling in 1976. The principal officer is % M & T Investment Group-J Burke. It holds total assets of $3.8M. Annual income is reported at $170K. THE FUND WAS ESTABLISHED TO PROVIDE LOW-INTEREST LOANS TO QUALIFIED STUDENTS IN FRANKLIN COUNTY FOR EDUCATIONAL PURPOSES. DURING 2022, 20 NEW LOANS WERE MADE TO STUDENTS. A TOTAL OF 190 LOANS ARE CURRENTLY OUTSTANDING.THE LOAN ADMINISTRATION FEES FOR THE LOANS WERE TOTALING $19,567. According to available records, The Ross Loan Fund has made 2 grants totaling $518K, with a median grant of $259K. Annual giving has decreased from $433K in 2022 to $84K in 2023. Individual grants have ranged from $84K to $433K, with an average award of $259K. Grant recipients are concentrated in Pennsylvania. Contributions to this foundation are tax-deductible.
THE FUND WAS ESTABLISHED TO PROVIDE LOW-INTEREST LOANS TO QUALIFIED STUDENTS IN FRANKLIN COUNTY FOR EDUCATIONAL PURPOSES. DURING 2020 LOANS WERE MADE TO 24 STUDENTS. A TOTAL OF 505 LOANS ARE CURRENTLY OUTSTANDING.
Expenses: $23K
THE FUND WAS ESTABLISHED TO PROVIDE LOW-INTEREST LOANS TO QUALIFIED STUDENTS IN FRANKLIN COUNTY FOR EDUCATIONAL PURPOSES. DURING 2022, 20 NEW LOANS WERE MADE TO STUDENTS. A TOTAL OF 190 LOANS ARE CURRENTLY OUTSTANDING.THE LOAN ADMINISTRATION FEES FOR THE LOANS WERE TOTALING $19,567. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in PA.
The Ross Loan Fund has distributed a total of $518K across 2 grants. The median grant size is $259K, with an average of $259K. Individual grants have ranged from $84K to $433K.
The application deadline is APPLICATIONS RECEIVED PRIOR TO MARCH 31 WILL RECEIVE A CREDIT DECISION IN APRIL.. BORROWER MUST BE A GRADUATE OF THE CHAMBERSBURG AREA SCHOOL DISTRICT OR OTHER SECONDARY SCHOOL IN FRANKLIN COUNTY, PA. BORROWER MUST BE ENROLLED AT LEAST PART TIME AT AN ELIGIBLE SCHOOL DEFINED AS ANY COLLEGE OR PROFESSIONAL SCHOOL ON THE U.S. DEPARTMENT OF EDUCATION DATABASE OF ACCREDITED POSTSECONDARY INSTITUTIONS AND PROGRAMS OR ANY DEGREE GRANTING INSTITUTE OF HIGHER LEARNING APPROVED BY THE PENNSYLVANIA STATE DEPARTMENT OF EDUCATION. BORROWER AND COSIGNER MUST BE EITHER A US CITIZEN OR A PERMANENT RESIDENT ALIEN. BORROWER AND COSIGNER MUST BE THE AGE OF MAJORITY IN THEIR STATE OF RESIDENCE. BORROWER MUST HAVE AN ANNUAL INCOME OF AT LEAST $15,000 IF THERE IS NO COSIGNER. BOTH BORROWER AND COSIGNER ARE SUBJECT TO CREDIT APPROVAL BASED ON REQUIREMENTS INCLUDED IN THE APPLICATION PACKAGE. THE MINIMUM LOAN AMOUNT IS $500 AND THE MAXIMUM IS $25,000. THERE IS A LIFETIME AGGREGATE BORROWING LIMIT OF $100,000.
The Ross Loan Fund is headquartered in WILMINGTON, DE.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Wilmington Trust Company | TRUSTEE | $52K | $0 | $52K |
Total Giving
$159K
Total Assets
$3.7M
Fair Market Value
$3.8M
Net Worth
$3.7M
Grants Paid
$84K
Contributions
$0
Net Investment Income
$84K
Distribution Amount
$420K
Total Grants
2
Total Giving
$518K
Average Grant
$259K
Median Grant
$259K
Unique Recipients
1
Most Common Grant
$84K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Foundation For Enhancing CommunitiesGENERAL CONTRIBUTION FOR COMMUNITY | Harrisburg, PA | $84K | 2023 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
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