Carroll B Lemon Memorial Scholarship Trust
Carroll B Lemon Memorial Scholarship Trust is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2021. In 2021, it awarded 1 grant totaling $824K. Net investment income was $188K.
Carroll B Lemon Memorial Scholarship Trust at a glance
In short: Carroll B Lemon Memorial Scholarship Trust gave $824K across 1 grant in 2021 (avg $824K), mostly in Arizona. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $824,276
- +2491.1% vs 2020
- Grants made (2021)
- 1
- +0.0% vs 2020
- Average grant
- $824,276
- +2491.1% vs 2020
- Median grant
- $824,276
- Primary geography
- Arizona (100% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated September 2026.
Who Carroll B Lemon Memorial Scholarship Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2021
The largest 2021 recipient was The University of Arizona Foundation ($824K).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2021 grant dollars on its one itemized grant.
States
Cities
How Carroll B Lemon Memorial Scholarship Trust gives
- In 2021 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 2020 to 2021, annual grant giving ranged from $32K (2020) to $824K (2021). In 2021 it made 1 grant totaling $824K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The University of Arizona Foundation Tucson, AZ | General | $824,276 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2021 | — | $189,671 | $826,544 | $824,276 | 1 | $825,010 | $188,103 | $5,939 |
| 2020 | $640,817 | $50,645 | $45,062 | $31,812 | 1 | — | $41,739 | $36,247 |
Under IRS private-foundation payout rules, Carroll B Lemon Memorial Scholarship Trust reported a distributable amount of $6K for 2021 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Carroll B Lemon Memorial Scholarship Trust's only listed officer is JP Morgan Chase Bank NA, Trustee on every filing since 2020 (compensated).
Officers on the 2021 filing
JP Morgan Chase Bank NA
Trustee
On filings since 2020
2 hrs/week
$13K (2020) → $2K (2021)
Data from IRS Form 990 filings, 2020–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2021 IRS filing
The highest reported compensation on the 2021 filing was $2K, to JP Morgan Chase Bank NA (Trustee).
Frequently asked questions about Carroll B Lemon Memorial Scholarship Trust
How much does Carroll B Lemon Memorial Scholarship Trust give each year?
Carroll B Lemon Memorial Scholarship Trust gave $824K across 1 grant in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $32K across 1 grant.
Where does Carroll B Lemon Memorial Scholarship Trust operate?
Carroll B Lemon Memorial Scholarship Trust has awarded grants in Arizona.
How much is Carroll B Lemon Memorial Scholarship Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Carroll B Lemon Memorial Scholarship Trust reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Carroll B Lemon Memorial Scholarship Trust's EIN?
Carroll B Lemon Memorial Scholarship Trust's EIN (Employer Identification Number) is 52-7246147. IRS Form 990 filing data is available on this page for 2020–2021.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2021
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