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 2024. As of 2024, the organization holds $413K in total assets. In 2024, it awarded 3 grants totaling $20K. Net investment income was $29K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$413K
+1.2% YoY
Annual Giving
$20K
+333.3% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$7K
+188.9% YoY
Under IRS private-foundation payout rules, Alene Payton Scholarship Trust Xxx-xx-xxxx reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.
About Alene Payton Scholarship Trust Xxx-xx-xxxx
Based on IRS filings
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 2024. As of 2024, the organization holds $413K in total assets. In 2024, it awarded 3 grants totaling $20K. Net investment income was $29K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $412,911 | $408,134 | $374,087 |
| Revenue | $31,226 | $44,218 | $16,050 |
| Expenses | $27,940 | $10,799 | $16,256 |
| Qualifying Distributions | $25,410 | $9,784 | $14,487 |
| Net Investment Income | $29,393 | $43,000 | $15,037 |
| Distributable Amount | $24,563 | $20,745 | $20,285 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Southern Indiana ($6,500), Empire Beauty School ($6,500), Ivy Tech Community College ($6,500).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF SOUTHERN INDIANA EVANSVILLE, IN | SCHOLARSHIPS | $6,500 |
| EMPIRE BEAUTY SCHOOL POTTSVILLE, PA | SCHOLARSHIPS | $6,500 |
| IVY TECH COMMUNITY COLLEGE BLOOMINGTON, IN | SCHOLARSHIPS | $6,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| OLD NATIONAL WEALTH MANAGEMENT | TRUSTEE | 1 | $6,357 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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 $413K in total assets as of 2024.
How large is Alene Payton Scholarship Trust Xxx-xx-xxxx?
As of 2024, Alene Payton Scholarship Trust Xxx-xx-xxxx holds $413K in total assets with $31K in annual revenue. It awarded 3 grants totaling $20K in 2024.
Where does Alene Payton Scholarship Trust Xxx-xx-xxxx operate?
Alene Payton Scholarship Trust Xxx-xx-xxxx has awarded grants in Indiana, New Hampshire, Pennsylvania.
What size grants does Alene Payton Scholarship Trust Xxx-xx-xxxx award?
In 2024, Alene Payton Scholarship Trust Xxx-xx-xxxx awarded 3 grants totaling $20K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Alene Payton Scholarship Trust Xxx-xx-xxxx required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Alene Payton Scholarship Trust Xxx-xx-xxxx reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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