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Velma A Denny Scholarship Trust is a private trust based in CANTON, IL. The foundation received its IRS ruling in 2013. The principal officer is Midamerica National Bank. It holds total assets of $427K. Annual income is reported at $60K. Total assets have decreased from $616K in 2013 to $446K in 2023. The foundation is governed by 3 officers and trustees. Trust awards scholarships to students attending college. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Illinois, Ohio and Arkansas. According to available records, Velma A Denny Scholarship Trust has made 4 grants totaling $20K, with a median grant of $4K. Individual grants have ranged from $4K to $8K, with an average award of $5K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Illinois and Ohio and Arkansas. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$4K
Average Grant
$5K
Largest Grant
$8K
Based on 4 grants from the most recent 990-PF filing.
Trust awards scholarships to students attending college.
Expenses: $20K
Trust awards scholarships to students attending college. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in IL, OH, AR.
Velma A Denny Scholarship Trust has distributed a total of $20K across 4 grants. The median grant size is $4K, with an average of $5K. Individual grants have ranged from $4K to $8K.
The application deadline is April 1st. Applicants must be graduates of Canton High School and and be enrolled in a 4-year college.
Velma A Denny Scholarship Trust is headquartered in CANTON, IL. While based in IL, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Patrick Carter | Trustee | $0 | $0 | N/A |
| Gary Barnhart | Trustee | $0 | $0 | N/A |
| Superintendent-Canton Union Schools | Trustee | $0 | $0 | N/A |
Total Giving
$32K
Total Assets
$446K
Fair Market Value
$702K
Net Worth
$446K
Grants Paid
$26K
Contributions
N/A
Net Investment Income
$13K
Distribution Amount
$35K
Total: $173K
Total Grants
4
Total Giving
$20K
Average Grant
$5K
Median Grant
$4K
Unique Recipients
4
Most Common Grant
$4K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Illinois State UniversitySCHOLARSHIP FOR CANTON HIGH | Normal, IL | $8K | 2022 |
| Cedarville UniversitySCHOLARSHIP FOR CANTON HIGH | Cedarville, OH | $4K | 2022 |
| University Of IllinoisSCHOLARSHIP FOR CANTON HIGH | Urbana, IL | $4K | 2022 |
| John Brown UniversitySCHOLARSHIP FOR CANTON HIGH | Siloam Springs, AR | $4K | 2022 |