Claude and Verne Line Scholarship Fund Trust
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.
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.
About Claude and Verne Line Scholarship Fund Trust
Based on IRS filings
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
Grant Size Distribution
47 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include University of Southern Indiana ($16,750), Purdue University ($16,750), Cedarville University ($8,375).
| Recipient | Purpose | Amount |
|---|---|---|
| CEDARVILLE UNIVERSITY CEDARVILLE, OH | SCHOLARSHIPS | $8,375 |
| PRESBYTERIAN CHURCH JASPER, IN | PROGRAM SUPPORT | $250 |
| UNIVERSITY OF NOTRE DAME NOTRE DAME, IN | SCHOLARSHIPS | $8,375 |
| UNIVERSITY OF SOUTHERN INDIANA EVANSVILLE, IN | SCHOLARSHIPS | $16,750 |
| TRINITY UNITED CHURCH OF CHRIST JASPER, IN | PROGRAM SUPPORT | $250 |
| FIRST BAPTIST CHURCH JASPER JASPER, IN | PROGRAM SUPPORT | $250 |
| PURDUE UNIVERSITY WEST LAFAYETTE, IN | SCHOLARSHIPS | $16,750 |
| REDEEMER LUTHERAN CHURCH JASPER, IN | PROGRAM SUPPORT | $250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| OLD NATIONAL WEALTH MGMT | TRUSTEE | 1 | $21,094 |
| BRIAN WILSON PRINCIPAL | DIRECTOR | 1 | — |
| BRIAN UEBELHOR | DIRECTOR | 1 | — |
| SEAN JOCHIM GUIDANCE | DIRECTOR | 1 | — |
| DEB SCHUM | DIRECTOR | 1 | — |
| TINA HILGEDIEK | DIRECTOR | 1 | — |
| MEGAN WEHR | DIRECTOR | 1 | — |
Frequently Asked Questions
How large is Claude and Verne Line Scholarship Fund Trust?
As of 2025, Claude and Verne Line Scholarship Fund Trust holds $1.2M in total assets with $104K in annual revenue. It awarded 8 grants totaling $51K in 2025.
Where does Claude and Verne Line Scholarship Fund Trust operate?
Claude and Verne Line Scholarship Fund Trust has awarded grants in Colorado, Florida, Illinois, Indiana, Kentucky, Ohio, Tennessee.
What size grants does Claude and Verne Line Scholarship Fund Trust award?
In 2025, Claude and Verne Line Scholarship Fund Trust awarded 8 grants totaling $51K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Claude and Verne Line Scholarship Fund Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Claude and Verne Line Scholarship Fund Trust reported a distributable amount of $75K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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