Bishop Educational Trust Co Mwo
The Bishop Educational Trust Co MWO is a private foundation established in 1996 and based in Muscatine, Iowa. The organization operates as a 501(c)(3) entity with a primary focus on distributing educational scholarships to students pursuing higher education.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$147K
-0.7% YoY
Grant Count
50
-13.8% YoY
Avg Grant Size
$3K
+15.2% YoY
Mission & Focus Areas
The foundation's purpose is the distribution of scholarships to qualified recipients. The organization funds educational initiatives with a specific emphasis on providing scholarship support to students attending colleges in Iowa.
Grantmaking
Grant Range
s & Types**
Average Grant
$12
Review Cycle
June 1 of each year
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation funds projects across several Iowa cities and counties, including Muscatine, Columbus Junction, and Wilton. Primary geographic focus is Iowa.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024)
- Total assets: $3,037,931
- Total revenues: $135,456
- Total expenses: $177,522
- Investment income and dividends: $96,810
- Net gain from sale of non-inventory assets: $38,646
- Expense ratio: 2.3% of total revenue spent on programs
Year-over-Year Changes
- Assets increased 2.6% from previous year
- Investment income increased 8.1% from 2023 to 2024
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Paris Salais ($11,000), Gabriella Vega ($7,000), Chalee Solomon ($4,375).
| Recipient | Purpose | Amount |
|---|---|---|
| Nicolas Bibik Muscatine, IA | Scholarship | $3,000 |
| Creed Birkhofer Muscatine, IA | Scholarship | $3,000 |
| Verenise Carillo Muscatine, IA | Scholarship | $3,000 |
| Kily Castillo Muscatine, IA | Scholarship | $3,000 |
| Emy Fabian Muscatine, IA | Scholarship | $3,000 |
| Clarissa Franco Columbus Junction, IA | Scholarship | $3,000 |
| Timothy Hills Columbus Junction, IA | Scholarship | $2,500 |
| Elexiana Oliva Muscatine, IA | Scholarship | $2,500 |
| Nathanial Bovencamp Muscatine, IA | Scholarship | $3,000 |
| Nicole Bovencamp Muscatine, IA | Scholarship | $3,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Beth Legue – Trustee (as of September 2024)
- MidwestOne Bank – Serves as trustee, dedicating 7.5 hours to managing the trust and receiving no compensation for this role
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MIDWESTONE BANK | TRUSTEE | 7.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Bishop Educational Trust Co Mwo fund?
The foundation's purpose is the distribution of scholarships to qualified recipients. The organization funds educational initiatives with a specific emphasis on providing scholarship support to students attending colleges in Iowa.
How do I apply for a grant from Bishop Educational Trust Co Mwo?
**Grant Sizes & Types** • Grant range: $1,000 to $8,500 • Average grant size: $12 • The foundation distributed 58 scholarships in 2024 • Total grants awarded in 2024: $148,000 • 12% of new applicants are funded **Application Process** • Submission deadline: June 1 of each year • Applications should be addressed to: • MidwestOne Bank • 300 E 2nd Street • Muscatine, IA 52761 • Telephone: 563-262-4221 **Eligibility Requirements** • Applicants must attend a college in Iowa
Where does Bishop Educational Trust Co Mwo make grants?
The foundation funds projects across several Iowa cities and counties, including Muscatine, Columbus Junction, and Wilton. Primary geographic focus is Iowa.
What size grants does Bishop Educational Trust Co Mwo award?
In 2024, Bishop Educational Trust Co Mwo awarded 50 grants totaling $147K — an average of about $3K per grant, based on its IRS Form 990 filings.
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 2019–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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