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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 is governed by 2 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. 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.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
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
N/A
Total Assets
$2.8M
Fair Market Value
N/A
Net Worth
$2.8M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |
|---|---|---|---|
| Ouachita Baptist UniversitySCHOLARSHIP | Arkadelphia, AR | $50K | 2022 |
| University Of North AlabamaSCHOLARSHIP | Florence, AL | $50K | 2022 |
| Meharry Medical CollegeSCHOLARSHIP | Nashville, TN | $48K | 2022 |
| Berry CollegeSCHOLARSHP | Mount Berry, CA | $30K | 2022 |
| Collinwood High SchoolSCHOLARSHIP | Collin Wood, TN | $20K | 2022 |