Area Scholastic Awards Trust Fund

LAS VEGAS, NV EIN: 23-7056712

Area Scholastic Awards Trust Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAS VEGAS, NV. IRS filing data is available from 2020 through 2022. In 2022, it awarded 4 grants totaling $212K.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$212K

+6316.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$53K

+6316.0% YoY

Under IRS private-foundation payout rules, Area Scholastic Awards Trust Fund reported a distributable amount of $3K for 2022 — the minimum it must pay out in qualifying distributions.

About Area Scholastic Awards Trust Fund

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $222K (100%)

States

Pennsylvania

Cities

MontoursvilleSouth WilliamsportWilliamsport

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
Total Assets	—	$189,543	$186,186
Revenue	$394	$56,863	$19,108
Expenses	$215,417	$28,126	$20,380
Qualifying Distributions	$213,832	$24,817	—
Net Investment Income	—	$53,627	$15,702
Distributable Amount	$2,707	$9,814	$10,098

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2022

Grant Size Distribution

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include First Community Foundation ($195,214), South Williamsport Area School Dist ($8,469), Repasz Band Inc ($7,622).

Recipient	Purpose	Amount
REPASZ BAND INC WILLIAMSPORT, PA	GENERAL OPERATING	$7,622
LOYALSOCK TOWNSHIP SCHOOL DISTRICT WILLIAMSPORT, PA	GENERAL SUPPORT	$423
SOUTH WILLIAMSPORT AREA SCHOOL DIST SOUTH WILLIAMSPORT, PA	GENERAL SUPPORT	$8,469
FIRST COMMUNITY FOUNDATION WILLIAMSPORT, PA	GENERAL SUPPORT	$195,214

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

Name	Title	Hours	Compensation
WELLS FARGO BANK N A	TRUSTEE	1	$595

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Area Scholastic Awards Trust Fund?

Area Scholastic Awards Trust Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAS VEGAS, NV. It holds — in total assets as of 2022.

Where does Area Scholastic Awards Trust Fund operate?

Area Scholastic Awards Trust Fund has awarded grants in Pennsylvania.

What size grants does Area Scholastic Awards Trust Fund award?

In 2022, Area Scholastic Awards Trust Fund awarded 4 grants totaling $212K — an average of about $53K per grant, based on its IRS Form 990 filings.

How much is Area Scholastic Awards Trust Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, Area Scholastic Awards Trust Fund reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Area Scholastic Awards Trust Fund's EIN?

Area Scholastic Awards Trust Fund's EIN (Employer Identification Number) is 23-7056712. IRS Form 990 filing data is available on this page for 2020–2022.