Area Scholastic Awards Trust Fund
Area Scholastic Awards Trust Fund is a private foundation, based in Las Vegas, NV. IRS filing data is available from 2019 through 2022. In 2022, it awarded 4 grants totaling $212K.
Area Scholastic Awards Trust Fund at a glance
In short: Area Scholastic Awards Trust Fund gave $212K across 4 grants in 2022 (avg $53K), mostly in Pennsylvania. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $211,728
- +6316.0% vs 2021
- Grants made (2022)
- 4
- +0.0% vs 2021
- Average grant
- $52,932
- +6316.0% vs 2021
- Median grant
- $8,046
- Primary geography
- Pennsylvania (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Area Scholastic Awards Trust Fund funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2022
The largest 2022 recipient was First Community Foundation ($195K). Together the top 4 received $212K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 15 grants of 16 (94%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2022 grant dollars across all 4 itemized grants.
States
Cities
How Area Scholastic Awards Trust Fund gives
- Giving grew 2852% from 2019 to 2022. Method
- In 2022 it paid out well above 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 2019 to 2022, annual grant giving ranged from $3K (2021) to $212K (2022). In 2022 it made 4 grants totaling $212K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First Community Foundation Williamsport, PA | General Support | $195,214 |
| South Williamsport Area School Dist South Williamsport, PA | General Support | $8,469 |
| Repasz Band Inc Williamsport, PA | General Operating | $7,622 |
| Loyalsock Township School District Williamsport, PA | General Support | $423 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2022 | — | $394 | $215,417 | $211,728 | 4 | $213,832 | — | $2,707 |
| 2021 | $189,543 | $56,863 | $28,126 | $3,300 | 4 | $24,817 | $53,627 | $9,814 |
| 2020 | $186,186 | $19,108 | $20,380 | $7,159 | 4 | — | $15,702 | $10,098 |
| 2019 | $186,955 | $20,703 | $12,310 | $7,173 | 4 | — | $17,275 | $9,526 |
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.
Leadership & Key People
Officers and directors from IRS filings
Area Scholastic Awards Trust Fund's only listed officer is Wells Fargo Bank N A, Trustee on every filing since 2019 (compensated).
Officers on the 2022 filing
Wells Fargo Bank N A
Trustee
On filings since 2019
1 hr/week
$4K (2019) → $595 (2022)
Data from IRS Form 990 filings, 2019–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $595, to Wells Fargo Bank N a (Trustee).
Frequently asked questions about Area Scholastic Awards Trust Fund
How much does Area Scholastic Awards Trust Fund give each year?
Area Scholastic Awards Trust Fund gave $212K across 4 grants in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $3K across 4 grants.
What is Area Scholastic Awards Trust Fund's typical grant size?
Area Scholastic Awards Trust Fund's median grant in 2022 was $8,046, and its average grant was $52,932, across 4 grants on its 2022 IRS Form 990-PF.
Where does Area Scholastic Awards Trust Fund give grants?
Area Scholastic Awards Trust Fund gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2022 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Williamsport, PA (3 grants).
Does Area Scholastic Awards Trust Fund give general operating support?
Yes: 100% of Area Scholastic Awards Trust Fund's 2022 grants with a stated purpose (4 of 4) were for general or operating support, per its 2022 IRS Form 990-PF.
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 2019–2022.
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 2019 (received by the IRS May 3, 2020)
- IRS filings on file for fiscal years 2020–2022
Explore Open Grants
Browse active grant opportunities in Area Scholastic Awards Trust Fund's focus areas in our free grants database
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Figures come from Area Scholastic Awards Trust Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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