Charles and Edith Weems Scholarship Fund (cl

SOUTH BEND, IN EIN: 35-6394001

Charles and Edith Weems Scholarship Fund (cl is a private foundation, based in SOUTH BEND, IN. IRS filing data is available from 2020 through 2024. In 2024, it awarded 1 grants totaling $24K. Net investment income was $2K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$24K

+1079.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$24K

+1079.7% YoY

Under IRS private-foundation payout rules, Charles and Edith Weems Scholarship Fund (cl reported a distributable amount of $666 for 2024 — the minimum it must pay out in qualifying distributions.

About Charles and Edith Weems Scholarship Fund (cl

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $31K (100%)

States

Indiana

Cities

Valparaiso

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	—	$24,914	$31,154
Revenue	$5,916	$-1,362	$979
Expenses	$30,854	$4,777	$4,932
Qualifying Distributions	$23,593	$2,000	$1,800
Net Investment Income	$1,597	—	—
Distributable Amount	$666	$1,398	$1,691

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Poter County Community Foundation ($23,593).

Recipient	Purpose	Amount
Poter County Community Foundation Valparaiso, IN	SCHOLARSHIPS	$23,593

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
VICTORIA TOBON	DIRECTOR	1	—
ALLISON EDWARDS	DIRECTOR	1	—
JENNIFER KIMMEL	DIRECTOR	1	—
1ST SOURCE BANK	TRUSTEE	1	$1,303

Frequently Asked Questions

Where does Charles and Edith Weems Scholarship Fund (cl operate?

Charles and Edith Weems Scholarship Fund (cl has awarded grants in Indiana.

What size grants does Charles and Edith Weems Scholarship Fund (cl award?

In 2024, Charles and Edith Weems Scholarship Fund (cl awarded 1 grants totaling $24K — an average of about $24K per grant, based on its IRS Form 990 filings.

How much is Charles and Edith Weems Scholarship Fund (cl required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Charles and Edith Weems Scholarship Fund (cl reported a distributable amount of $666 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Charles and Edith Weems Scholarship Fund (cl's EIN?

Charles and Edith Weems Scholarship Fund (cl's EIN (Employer Identification Number) is 35-6394001. IRS Form 990 filing data is available on this page for 2020–2024.