IDA GROVE, IA

Violetta Coil Education Trust

Quick Facts

EIN: 266366381
Location: IDA GROVE, IA
Phone: (712) 364-3393
Category: Philanthropy & Grantmaking
Total Assets: $790K
Annual Income: $68K
IRS Ruling Year: 2010
Organization Type: Non-Operating Foundation
Principal Officer: % United Bank Of Iowa Ttee
Tax Deductibility: Contributions are deductible

Find Grants from This Foundation Get Matched with Similar Funders

About This Foundation

Violetta Coil Education Trust is a private corporation based in IDA GROVE, IA. The foundation received its IRS ruling in 2010. The principal officer is % United Bank Of Iowa Ttee. It holds total assets of $790K. Annual income is reported at $68K. SCHOLARSHIP PROGRAM. According to available records, Violetta Coil Education Trust has made 75 grants totaling $48K, with a median grant of $750. Annual giving has grown from $8K in 2021 to $17K in 2023. Grantmaking activity was highest in 2022 with $24K distributed across 36 grants. Individual grants have ranged from $250 to $750, with an average award of $643.333. The foundation has supported 40 unique organizations. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Deadline

DETERMINED BY DESIGNATION COMMITTEE

Restrictions

GRADUATING SENIORS OF WHICH BATTLE CREEK-IDA GROVE, IA DISTRICT IS A PART. SCHOLARSHIP AWARDS LIMITED TO $1,000 PER STUDENT PAID ONE-HALF FIRST SEMESTER AND ONE-HALF SECOND SEMESTER TO STUDENT CONTINUING EDUCATION AND SHALL BE PAID DIRECTLY TO THE SCHOOL FOR TUITION, ROOM, BOARD & BOOKDS. THE AWARDS SHALL BE FOR ONE YEAR ONLY.

Programs & Activities

SCHOLARSHIP PROGRAM

Frequently Asked Questions

What does Violetta Coil Education Trust fund?

SCHOLARSHIP PROGRAM. Based on available records, the foundation has funded 75 grants. Its grantmaking reaches organizations primarily in IA.

How much does Violetta Coil Education Trust give in grants?

Violetta Coil Education Trust has distributed a total of $48K across 75 grants. The median grant size is $750, with an average of $643.333. Individual grants have ranged from $250 to $750.

How do I apply for a grant from Violetta Coil Education Trust?

Violetta Coil Education Trust typically selects its grantees rather than accepting unsolicited proposals. The application deadline is DETERMINED BY DESIGNATION COMMITTEE. GRADUATING SENIORS OF WHICH BATTLE CREEK-IDA GROVE, IA DISTRICT IS A PART. SCHOLARSHIP AWARDS LIMITED TO $1,000 PER STUDENT PAID ONE-HALF FIRST SEMESTER AND ONE-HALF SECOND SEMESTER TO STUDENT CONTINUING EDUCATION AND SHALL BE PAID DIRECTLY TO THE SCHOOL FOR TUITION, ROOM, BOARD & BOOKDS. THE AWARDS SHALL BE FOR ONE YEAR ONLY.

Where is Violetta Coil Education Trust located?

Violetta Coil Education Trust is headquartered in IDA GROVE, IA.

Key People & Compensation (2023)

Name	Title	Compensation	Benefits	Total
United Bank Of Iowa	Trustee	$1K	$0	$1K

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$18K

2023+34%

Total Assets

$781K

2023+10%

Fair Market Value

$779K

2023

Net Worth

$781K

2023

Grants Paid

$17K

2023

Contributions

2023

Net Investment Income

$21K

2023

Distribution Amount

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Expense Breakdown (2023)

Revenue Sources (2023)

Other Income: $30K
Dividends: $16K
Interest: $6K

Financial Details (2023)

Total Revenue: $52K
Total Expenses: $18K
Exempt Purpose Expenses: $17K
Required Distribution: $0
Undistributed Income: $0
Total Liabilities: $1
Excise Tax: $297

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsNo

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$48K

Average Grant

$643.333

Median Grant

$750

Unique Recipients

Most Common Grant

$1K

Grant Disbursements by Year

Grant Range

Min$250

Max$750

Median: $750

Smallest grantLargest grant

Openness to New Grantees (2023)

of 2023 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

IA$48K (75)

Past Grantees

Recipient	Location	Amount	Year
Beau NiemanSCHOLARSHIP	Ida Grove, IA	$750	2023
Riley SchiernbeckSCHOLARSHIP	Ida Grove, IA	$750	2023
Abby AlexanderSCHOLARSHIP	Ida Grove, IA	$750	2023
Aiden BowerSCHOLARSHIP	Ida Grove, IA	$750	2023
Evan BurkSCHOLARSHIP	Ida Grove, IA	$750	2023