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Wem Scholarship Inc. is a private corporation based in LARKSPUR, CO. The foundation received its IRS ruling in 2021. The principal officer is % Vernon David Garrison. It holds total assets of $2.8M. Annual income is reported at $1.8M. The foundation operates in the area of education. According to available records, Wem Scholarship Inc. has made 15 grants totaling $589K, with a median grant of $48K. Annual giving has grown from $193K in 2021 to $396K in 2022. Individual grants have ranged from $20K to $50K, with an average award of $39K. The foundation has supported 5 unique organizations. The foundation primarily supports organizations in Tennessee, Arkansas, Alabama, which account for 80% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Wem Scholarship Inc. primarily funds organizations in the area of education. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in TN, AR, AL.
Wem Scholarship Inc. has distributed a total of $589K across 15 grants. The median grant size is $48K, with an average of $39K. Individual grants have ranged from $20K to $50K.
Wem Scholarship Inc. typically selects its grantees rather than accepting unsolicited proposals.
Wem Scholarship Inc. is headquartered in LARKSPUR, CO. While based in CO, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| David Garrison | DIRECTOR | $48K | $0 | $48K |
| Sonia Garrison | TREASURER | $20K | $0 | $20K |
Total Giving
$211K
Total Assets
$3M
Fair Market Value
$3.1M
Net Worth
$3M
Grants Paid
$152K
Contributions
$0
Net Investment Income
$0
Distribution Amount
$150K
Total Grants
15
Total Giving
$589K
Average Grant
$39K
Median Grant
$48K
Unique Recipients
5
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of North AlabamaSCHOLARSHIP | Florence, AL | $50K | 2022 |
| Ouachita Baptist UniversitySCHOLARSHIP | Arkadelphia, AR | $50K | 2022 |
| Meharry Medical CollegeSCHOLARSHIP | Nashville, TN | $48K | 2022 |
| Berry CollegeSCHOLARSHP | Mount Berry, CA | $30K | 2022 |
| Collinwood High SchoolSCHOLARSHIP | Collin Wood, TN | $20K | 2022 |
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