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Also known as: Educational Trust
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W D & Shirley Schafer-Ray Educational Trust is a private trust based in CRESTON, IA. The foundation received its IRS ruling in 2022. It holds total assets of $5.6M. Annual income is reported at $183K. The foundation is governed by 1 officer or trustee. Providing educational grants to non-profit private and public universities. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2022. According to available records, W D & Shirley Schafer-Ray Educational Trust has made 20 grants totaling $356K, with a median grant of $10K. Individual grants have ranged from $7K to $74K, with an average award of $18K. The foundation has supported 10 unique organizations. The foundation primarily supports organizations in Iowa, Tennessee, Rhode Island, which account for 70% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Providing educational grants to non-profit private and public universities.
Expenses: $178K
Providing educational grants to non-profit private and public universities. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in IA, TN, RI.
W D & Shirley Schafer-Ray Educational Trust has distributed a total of $356K across 20 grants. The median grant size is $10K, with an average of $18K. Individual grants have ranged from $7K to $74K.
W D & Shirley Schafer-Ray Educational Trust typically selects its grantees rather than accepting unsolicited proposals.
W D & Shirley Schafer-Ray Educational Trust is headquartered in CRESTON, IA. While based in IA, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Iowa State Savings Bank | Trustee | $34K | $0 | $34K |
Total Giving
$278K
Total Assets
$6.4M
Fair Market Value
$5.5M
Net Worth
$6.4M
Grants Paid
$178K
Contributions
$25K
Net Investment Income
$125K
Distribution Amount
$281K
Total: $5.9M
Total Grants
20
Total Giving
$356K
Average Grant
$18K
Median Grant
$10K
Unique Recipients
10
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Drake UniversitySpring 2023 Scholarship | Des Moines, IA | $7K | 2022 |
| Southwestern Community College2022-2023 Scholarship | Creston, IA | $74K | 2022 |
| Iowa State University2022-2023 Scholarship | Ames, IA | $26K | 2022 |
| University Of MemphisEducation of the learning disabled | Memphis, TN | $17K | 2022 |
| Simpson College2022-2023 Scholarship | Indianola, IA | $10K | 2022 |
| Buena Vista University2022-2023 Scholarship | Storm Lake, IA | $10K | 2022 |
| Salve Regina University2022-2023 Scholarship | Newport, RI | $10K | 2022 |
| University Of Nebraska - Lincoln2022-2023 Scholarship | Lincoln, NE | $9K | 2022 |
| Oklahoma State University2022-2023 Scholarship | Stillwater, OK | $9K | 2022 |
| Northwest Missouri State University2022-2023 Scholarship | Maryville, MO | $7K | 2022 |