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Also known as: SCHOLARSHIP FUND
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William Preston & Belvah Mcfadden Scholarship Fund is a private trust based in PAOLA, KS. The foundation received its IRS ruling in 1990. The principal officer is First Option Bank. It holds total assets of $1.4M. Annual income is reported at $929K. Total assets have grown from $700K in 2011 to $1.4M in 2022. Tax records are available from 2017 to 2023. Grantmaking is concentrated in Kansas. According to available records, William Preston & Belvah Mcfadden Scholarship Fund has made 19 grants totaling $125K, with a median grant of $5K. Annual giving has decreased from $85K in 2021 to $40K in 2023. Individual grants have ranged from $5K to $20K, with an average award of $7K. The foundation has supported 18 unique organizations. Grant recipients are concentrated in Kansas. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$5K
Average Grant
$5K
Largest Grant
$5K
Based on 17 grants from the most recent 990-PF filing.
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.
William Preston & Belvah Mcfadden Scholarship Fund is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 19 grants. Its grantmaking reaches organizations primarily in KS.
William Preston & Belvah Mcfadden Scholarship Fund has distributed a total of $125K across 19 grants. The median grant size is $5K, with an average of $7K. Individual grants have ranged from $5K to $20K.
The application deadline is NOVEMBER 1 PRECEDING PROPOSED SCHOLARSHIP YEAR. See attachment - "required guidelines for applicant".
William Preston & Belvah Mcfadden Scholarship Fund is headquartered in PAOLA, KS.
Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
$45K
Total Assets
$1.4M
Fair Market Value
$1.4M
Net Worth
$1.4M
Grants Paid
$20K
Contributions
N/A
Net Investment Income
$52K
Distribution Amount
$62K
Total: $934K
Total Grants
19
Total Giving
$125K
Average Grant
$7K
Median Grant
$5K
Unique Recipients
18
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Scholarships Per Sched AttachedSCHOLARSHIPS | Paola, KS | $20K | 2023 |
| Melanie HallacySCHOLARSHIP | Humboldt, KS | $5K | 2021 |
| Marisha CollinsSCHOLARSHIP | Humboldt, KS | $5K | 2021 |
| Camrie FarranSCHOLARSHIP | Humboldt, KS | $5K | 2021 |
| Jennifer TiddSCHOLAR SHIP | Iola, KS | $5K | 2021 |
| Ashley Elizabeth CraneSCHOLARSHIP | Iola, KS | $5K | 2021 |
| Ashlyn BoothSCHOLARSHIP | Humboldt, KS | $5K | 2021 |
| Jacob EysterSCHOLARSHIP | Humboldt, KS | $5K | 2021 |
| Sarah SpillmanSCHOLARSHIP | Moran, KS | $5K | 2021 |
| Lauren McdermeitSCHOLARSHIP | Iola, KS | $5K | 2021 |
| Cal LeonardSCHOLARSHIP | Iola, KS | $5K | 2021 |
| Drake HottensteinSCHOLARSHIP | Humboldt, KS | $5K | 2021 |
| Allison HeimSCHOLARSHIP | Moran, KS | $5K | 2021 |
| Carlie Jo PayneSCHOLARSHIP | Iola, KS | $5K | 2021 |
| Haley CarlinSCHOLARSHIP | Iola, KS | $5K | 2021 |
| Emma JohnsonSCHOLARSHIP | Humboldt, KS | $5K | 2021 |
| Alayna JohnsonSCHOLARSHIP | Humboldt, KS | $5K | 2021 |
| Kendall JaySCHOLARSHIP | Iola, KS | $5K | 2021 |