Bishop Educational Trust Co MWO
Bishop Educational Trust Co MWO is a private foundation based in Muscatine, Iowa. Its filings describe scholarship distribution as its charitable activity; its 2025 grants went to individual recipients in Iowa.
Bishop Educational Trust Co MWO at a glance
In short: Bishop Educational Trust Co MWO gave $143K across 55 grants in 2025 (avg $3K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $142,500
- -3.3% vs 2024
- Grants made (2025)
- 55
- +10.0% vs 2024
- Average grant
- $2,591
- -12.1% vs 2024
- Median grant
- $3,000
- Total assets
- $76,045
- -97.5% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Bishop Educational Trust Co MWO
- How to Apply
-
The filing says to contact MidwestOne Bank and consult the attached materials.
- Review Cycle
- June 1 each year. The June 1, 2026 deadline has passed.
- Deadline
- June 1 each year.
- Contact
Application contact: Midwestone Bank
Mailing address: 300 E 2Nd St, Muscatine, IA 52761
Phone: (563) 262-4221
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Bishop Educational Trust Co MWO funds
How this funder distributes its grants
Grant Size Distribution
299 grants across all recorded years
The most common grant size was under $50K: 299 grants of 299 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Iowa. The 2024 filing also restricts awards to people attending college in Iowa.
Grant Distribution by State
Share of 2025 grant dollars across all 55 itemized grants.
States
Cities
How Bishop Educational Trust Co MWO gives
- Giving fell 29% from 2022 to 2025. Method
- In 2025 it paid out 9% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2025, annual grant giving ranged from $125K (2019) to $201K (2022). In 2025 it made 55 grants totaling $143K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 50 individual scholarships Recipients not named | — | $135,000 |
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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 | $76,045 | $148,838 | $32,919 | $142,500 | 55 | $17,410 | $131,429 | $190,490 |
| 2024 | $3,037,931 | $135,456 | $177,522 | $147,375 | 50 | $16,273 | $119,182 | $148,155 |
| 2023 | $3,064,238 | $1,263,193 | $28,618 | $148,423 | 58 | $15,258 | $1,247,934 | $139,905 |
| 2022 | $2,032,898 | $147,708 | $233,556 | $201,350 | 68 | $214,703 | $125,855 | $161,047 |
| 2021 | $2,055,414 | $132,250 | $225,691 | $195,877 | 68 | $202,475 | $97,511 | $174,353 |
| 2020 | $2,151,639 | $170,040 | $181,798 | $153,653 | 60 | — | $139,360 | $151,907 |
| 2019 | $2,186,461 | $101,295 | $135,952 | $124,782 | 56 | — | $69,887 | $137,159 |
Under IRS private-foundation payout rules, Bishop Educational Trust Co MWO reported a distributable amount of $190K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The 2024 filing describes the foundation’s direct charitable activity as distributing scholarships. It does not state a broader mission.
Grantmaking
In filing year 2025, the foundation reported 55 grants totaling $142,500. Grants ranged from $1,500 to $7,000, with a median of $3,000. The largest grant was a $7,000 scholarship to an individual recipient in Iowa; the other listed largest grants were also scholarships to individual recipients in Iowa, mostly for $3,000 each.
The 2024 filing lists MidwestOne Bank as the contact, says to see attached materials, and states that awards are restricted to people attending college in Iowa.
Leadership & Key People
Leadership team and compensation from IRS filings
MidwestOne Bank is listed as trustee on the 2025 filing.
Bishop Educational Trust Co MWO's only listed officer is Midwestone Bank, Trustee on every filing since 2022 (uncompensated).
Officers on the 2025 filing
Midwestone Bank
Trustee
On filings since 2022
7.5 hrs/week
No compensation reported
Former officers (1)
- Former: First National Bank (2019–2021) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Bishop Educational Trust Co MWO
How much does Bishop Educational Trust Co MWO give each year?
Bishop Educational Trust Co MWO gave $143K across 55 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $147K across 50 grants.
What is Bishop Educational Trust Co MWO's typical grant size?
Bishop Educational Trust Co MWO's median grant in 2025 was $3,000, and its average grant was $2,591, across 55 grants on its 2025 IRS Form 990-PF.
Where does Bishop Educational Trust Co MWO give grants?
Bishop Educational Trust Co MWO gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Bishop Educational Trust Co MWO give general operating support?
Not in 2025: none of the 55 grants with a stated purpose on Bishop Educational Trust Co MWO's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (55 grants).
How large is Bishop Educational Trust Co MWO?
Bishop Educational Trust Co MWO reported $76K in total assets on its 2025 IRS Form 990-PF. It paid out $17K in qualifying distributions that year, against a required minimum of $190K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Bishop Educational Trust Co MWO fund?
The 2024 filing describes the foundation’s direct charitable activity as distributing scholarships. It does not state a broader mission. See mission & focus areas ↑
How do I apply for a grant from Bishop Educational Trust Co MWO?
The filing says to contact MidwestOne Bank and consult the attached materials. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Bishop Educational Trust Co MWO's EIN?
Bishop Educational Trust Co MWO's EIN (Employer Identification Number) is 42-6531722. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 24, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 18, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 3, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 25, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 23, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 2, 2026)
- IRS filings on file for fiscal years 2019–2025
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