Charles C Faranna Scholarship Trust

Foundation · Grantmaker BROKEN ARROW, OK EIN: 73-6251335

Charles C Faranna Scholarship Trust is a private foundation focused on Education, based in BROKEN ARROW, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.1M in total assets. In 2024, it awarded 86 grants totaling $88K. Net investment income was $304K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.1M

+4.6% YoY

Annual Giving

$88K

+25.7% YoY

Grant Count

+22.9% YoY

Avg Grant Size

$1K

+2.3% YoY

About Charles C Faranna Scholarship Trust

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Oklahoma $250K (100%)

States

Oklahoma

Cities

Broken ArrowBrokenn Arrow

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,121,997	$2,985,238	$3,225,720
Revenue	$304,283	$306,816	$379,894
Expenses	$506,066	$433,817	$552,195
Qualifying Distributions	$88,000	$70,000	$95,000
Net Investment Income	$304,283	$306,816	$379,894
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 Alaina Swenson ($1,000), Alexander Bloxham ($1,000), Alexander Jackson ($1,000).

Recipient	Purpose	Amount
ALAINA SWENSON BROKEN ARROW, OK	SCHOLARSHIP	$1,000
ALEXANDER BLOXHAM BROKEN ARROW, OK	SCHOLARSHIP	$1,000
ALEXANDER JACKSON BROKEN ARROW, OK	SCHOLARSHIP	$1,000
ALEXANDRIA FLORA BROKEN ARROW, OK	SCHOLARSHIP	$1,000
ASHTYN SAGELY BROKEN ARROW, OK	SCHOLARSHIP	$1,000
BEAU ARMSTRONG BROKEN ARROW, OK	SCHOLARSHIP	$1,000
MICHAEL PARKER BROKEN ARROW, OK	SCHOLARSHIP	$1,000
MIA GLENN BROKEN ARROW, OK	SCHOLARSHIP	$1,000
RAE ANN WALTERS BROKEN ARROW, OK	SCHOLARSHIP	$1,000
MORIAH REED BROKEN ARROW, OK	SCHOLARSHIP	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ELIZABETH PULLUM JOHNSON	Trustee	40	$275,022
JO ANN SANNING	Trustee	25	$76,200
MATTHEW R MADALONE	Trustee	5	$36,678

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Charles C Faranna Scholarship Trust?

Charles C Faranna Scholarship Trust is a private foundation focused on Education, based in BROKEN ARROW, OK. It holds $3.1M in total assets as of 2024.

How large is Charles C Faranna Scholarship Trust?

As of 2024, Charles C Faranna Scholarship Trust holds $3.1M in total assets with $304K in annual revenue. It awarded 86 grants totaling $88K in 2024.

Where does Charles C Faranna Scholarship Trust operate?

Charles C Faranna Scholarship Trust has awarded grants in Oklahoma.

What size grants does Charles C Faranna Scholarship Trust award?

In 2024, Charles C Faranna Scholarship Trust awarded 86 grants totaling $88K — an average of about $1K per grant, based on its IRS Form 990 filings.

What is Charles C Faranna Scholarship Trust's EIN?

Charles C Faranna Scholarship Trust's EIN (Employer Identification Number) is 73-6251335. IRS Form 990 filing data is available on this page for 2020–2024.