Claude and Verne Line Scholarship Fund Trust

Private foundation · Grantmaker Evansville, IN EIN: 31-1038789

Claude and Verne Line Scholarship Fund Trust is a private foundation, based in Evansville, IN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 8 grants totaling $51K. Net investment income was $99K.

Key facts about Claude and Verne Line Scholarship Fund Trust

In short: Claude and Verne Line Scholarship Fund Trust gave $51K across 8 grants in 2025 (avg $6K), mostly in Indiana. Source: 2025 IRS Form 990-PF.

EIN
31-1038789
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$51,250
Grants made (2025)
8
Average grant
$6,406
Median grant
$4,313
Total assets
$1,202,521
Primary geography
Indiana (84% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.2M

+2.1% YoY

Annual Giving

$51K

-11.6% YoY

Grant Count

8

-20.0% YoY

Avg Grant Size

$6K

+10.5% YoY

Under IRS private-foundation payout rules, Claude and Verne Line Scholarship Fund Trust reported a distributable amount of $75K for 2025 — the minimum it must pay out in qualifying distributions.

How Claude and Verne Line Scholarship Fund Trust gives

  • Giving held roughly steady from 2022 to 2025 (+5%). Method
  • In 2025 it paid out 91% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

7states

Share of 2025 grant dollars across all 8 itemized grants.

Cities

JasperEvansvilleWest LafayetteBloomingtonVincennesIndianapolisTerre HauteAir Force AcademyBowling GreenFranklinHanoverNashvilleOrlandoSpringfieldWilmoreCedarvilleNew AlbanyNotre Dame

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K$80K13 grants2019 11 grants2020 11 grants2021 10 grants2022 8 grants2023 10 grants2024 8 grants2025

From 2019 to 2025, annual grant giving ranged from $36K (2020) to $61K (2019). In 2025 it made 8 grants totaling $51K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

Presbyterian Church: $250Presbyterian Church$250Trinity United Church of Christ: $250Trinity United Church ofChrist$250First Baptist Church Jasper: $250First Baptist Church Jasper$250Redeemer Lutheran Church: $250Redeemer Lutheran Church$250

The largest 2025 recipient was Presbyterian Church ($250). Together the top 4 received $1K.

Organizations only. It also paid 4 individual scholarships ($50,250), which are not listed by name.

Grant Size Distribution

47 grants across all recorded years

47<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 47 grants of 47 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
4 individual scholarships Recipients not named —$50,250
Presbyterian Church Jasper, INProgram Support$250
Trinity United Church of Christ Jasper, INProgram Support$250
First Baptist Church Jasper Jasper, INProgram Support$250
Redeemer Lutheran Church Jasper, INProgram Support$250

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,202,521$1,177,245$1,060,912
Revenue$104,364$194,662$56,794
Expenses$78,294$78,328$74,693
Qualifying Distributions$68,541$74,271$70,342
Net Investment Income$99,276$190,757$53,745
Distributable Amount$75,253$70,417$64,933

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS December 13, 2019)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS January 4, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS December 14, 2021)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS January 12, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS December 28, 2023)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS December 19, 2024)
  7. Updated Form 990-PF for fiscal year 2025 (received by the IRS December 22, 2025)
  8. IRS filings on file for fiscal years 2019–2025

Leadership & Key People

Officers and directors from IRS filings

Claude and Verne Line Scholarship Fund Trust's 2025 filing lists 7 officers; 1 of 7 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • OLD National Wealth Mgmt

    Trustee

    On filings since 2019

    1 hr/week

    $15K (2019) → $21K (2025)

  • Brian Wilson Principal

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Sean Jochim Guidance

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Brian Uebelhor

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Deb Schum

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Megan Wehr

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Tina Hilgediek

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

Former officers (2)
  • Former: Gerald Uebelhor (2019) — Director
  • Former: Tracey Lorey Superintendent (2019) — Director

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.

Compensation Overview

From 2025 IRS filing

Old National Wealth Mgmt — Trustee: $21KOld National Wealth MgmtTrustee$21K

The highest reported compensation on the 2025 filing was $21K, to Old National Wealth Mgmt (Trustee).

Frequently asked questions about Claude and Verne Line Scholarship Fund Trust

How much does Claude and Verne Line Scholarship Fund Trust give each year?

Claude and Verne Line Scholarship Fund Trust gave $51K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $58K across 10 grants.

What is Claude and Verne Line Scholarship Fund Trust's typical grant size?

Claude and Verne Line Scholarship Fund Trust's median grant in 2025 was $4,313, and its average grant was $6,406, across 8 grants on its 2025 IRS Form 990-PF.

Where does Claude and Verne Line Scholarship Fund Trust give grants?

Claude and Verne Line Scholarship Fund Trust gives mostly in Indiana: 84% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Ohio (16%). The most frequent recipient cities were Jasper, IN (4 grants).

Does Claude and Verne Line Scholarship Fund Trust give general operating support?

Not in 2025: none of the 8 grants with a stated purpose on Claude and Verne Line Scholarship Fund Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (4 grants) and "Program Support" (4 grants).

Who are Claude and Verne Line Scholarship Fund Trust's largest grantees?

Claude and Verne Line Scholarship Fund Trust's largest 2025 grantees include Presbyterian Church ($250), Trinity United Church of Christ ($250) and First Baptist Church Jasper ($250), according to its 2025 IRS Form 990-PF. It also paid 4 individual scholarships ($50,250), which are not listed by name. Together they received 1% of its itemized 2025 grant dollars.

How large is Claude and Verne Line Scholarship Fund Trust?

Claude and Verne Line Scholarship Fund Trust reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $69K in qualifying distributions that year, against a required minimum of $75K (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 is Claude and Verne Line Scholarship Fund Trust's EIN?

Claude and Verne Line Scholarship Fund Trust's EIN (Employer Identification Number) is 31-1038789. 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.

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