Alene Payton Scholarship Trust XXX-XX-XXXX
Alene Payton Scholarship Trust XXX-XX-XXXX is a private foundation focused on Education, based in Evansville, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $408K in total assets. In 2025, it awarded 3 grants totaling $20K. Net investment income was $21K.
Alene Payton Scholarship Trust XXX-XX-XXXX at a glance
In short: Alene Payton Scholarship Trust XXX-XX-XXXX gave $20K across 3 grants in 2025 (avg $7K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $19,500
- +0.0% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $6,500
- +0.0% vs 2024
- Median grant
- $6,500
- Total assets
- $407,750
- -1.2% vs 2024
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Alene Payton Scholarship Trust XXX-XX-XXXX funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Indiana University Southeast ($7K). Together the top 3 received $20K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Alene Payton Scholarship Trust XXX-XX-XXXX gives
- Giving grew 117% from 2022 to 2025. Method
- In 2025 it paid out 105% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $5K (2023) to $20K (2025). In 2025 it made 3 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Indiana University Southeast New Albany, IN | Scholarships | $6,500 |
| Taylor University Upland, IN | Scholarships | $6,500 |
| Indiana University Indianapolis, IN | Scholarships | $6,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $407,750 | $23,094 | $27,978 | $19,500 | 3 | $25,847 | $21,413 | $24,620 |
| 2024 | $412,911 | $31,226 | $27,940 | $19,500 | 3 | $25,410 | $29,393 | $24,563 |
| 2023 | $408,134 | $44,218 | $10,799 | $4,500 | 2 | $9,784 | $43,000 | $20,745 |
| 2022 | $374,087 | $16,050 | $16,256 | $9,000 | 2 | $14,487 | $15,037 | $20,285 |
| 2021 | $374,297 | $45,849 | $15,957 | $9,000 | 3 | $14,712 | $44,804 | $22,383 |
| 2020 | $344,404 | $30,289 | $21,976 | $15,000 | 2 | — | $29,381 | $19,173 |
Under IRS private-foundation payout rules, Alene Payton Scholarship Trust XXX-XX-XXXX reported a distributable amount of $25K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Alene Payton Scholarship Trust XXX-XX-XXXX's only listed officer is OLD National Wealth Management, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
OLD National Wealth Management
Trustee
On filings since 2020
1 hr/week
$5K (2020) → $7K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $7K, to Old National Wealth Management (Trustee).
Frequently asked questions about Alene Payton Scholarship Trust XXX-XX-XXXX
How much does Alene Payton Scholarship Trust XXX-XX-XXXX give each year?
Alene Payton Scholarship Trust XXX-XX-XXXX gave $20K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $20K across 3 grants.
What is Alene Payton Scholarship Trust XXX-XX-XXXX's typical grant size?
Alene Payton Scholarship Trust XXX-XX-XXXX's median grant in 2025 was $6,500, and its average grant was $6,500, across 3 grants on its 2025 IRS Form 990-PF.
Where does Alene Payton Scholarship Trust XXX-XX-XXXX give grants?
Alene Payton Scholarship Trust XXX-XX-XXXX gives mostly in Indiana: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Alene Payton Scholarship Trust XXX-XX-XXXX give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Alene Payton Scholarship Trust XXX-XX-XXXX's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (3 grants).
How large is Alene Payton Scholarship Trust XXX-XX-XXXX?
Alene Payton Scholarship Trust XXX-XX-XXXX reported $408K in total assets on its 2025 IRS Form 990-PF. It paid out $26K in qualifying distributions that year, against a required minimum of $25K (roughly 5% of its investment assets).
What is Alene Payton Scholarship Trust XXX-XX-XXXX?
Alene Payton Scholarship Trust XXX-XX-XXXX is a private foundation focused on Education, based in Evansville, IN. It holds $408K in total assets as of 2025.
What is Alene Payton Scholarship Trust XXX-XX-XXXX's EIN?
Alene Payton Scholarship Trust XXX-XX-XXXX's EIN (Employer Identification Number) is 61-6304323. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
- IRS filings on file for fiscal years 2020–2024
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