Clement F Malovey Educational Scholarship Fund
The Clement F Malovey Educational Scholarship Fund is a private foundation based in Coldwater, Michigan. It supports college scholarships for high school graduates in Branch County, Michigan.
Clement F Malovey Educational Scholarship Fund at a glance
In short: Clement F Malovey Educational Scholarship Fund gave $115K across 53 grants in 2025 (avg $2K), mostly in Michigan. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $115,250
- -6.9% vs 2024
- Grants made (2025)
- 53
- +0.0% vs 2024
- Average grant
- $2,175
- -6.9% vs 2024
- Median grant
- $2,500
- Total assets
- $1,615,207
- -2.7% vs 2024
- Primary geography
- Michigan (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Clement F Malovey Educational Scholarship Fund
- How to Apply
-
Applications are available through Branch County, Michigan, high schools. The filing names Alicia Kulpinski as the contact for applications. Awards must be used for college expenses and are restricted to Branch County, Michigan, high school graduates.
- Review Cycle
- April 1.
- Deadline
- April 1.
- Contact
Application contact: Alicia Kulpinski
Mailing address: 100 W Chicago St, Coldwater, MI 49036
Phone: (517) 278-1569
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Clement F Malovey Educational Scholarship Fund funds
How this funder distributes its grants
Grant Size Distribution
206 grants across all recorded years
The most common grant size was under $50K: 206 grants of 206 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Michigan. The stated award restriction covers graduates of any Branch County, Michigan, high school.
Grant Distribution by State
Share of 2025 grant dollars across all 53 itemized grants.
Cities
How Clement F Malovey Educational Scholarship Fund gives
- Giving grew 119% from 2022 to 2025. Method
- In 2025 it paid out 106% of 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 2025, annual grant giving ranged from $53K (2022) to $131K (2020). In 2025 it made 53 grants totaling $115K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 50 individual scholarships Recipients not named | — | $111,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,615,207 | $82,512 | $134,938 | $115,250 | 53 | $115,250 | $58,312 | $108,299 |
| 2024 | $1,660,260 | $164,050 | $141,382 | $123,750 | 53 | $123,750 | $146,818 | $95,760 |
| 2023 | $1,630,174 | $41,478 | $135,533 | $119,250 | 52 | $119,250 | $32,736 | $96,330 |
| 2022 | $1,720,115 | $33,082 | $142,076 | $52,550 | 24 | $121,850 | $29,450 | $102,965 |
| 2021 | $1,820,436 | $195,819 | $139,428 | $53,250 | 24 | $122,250 | $174,665 | $112,000 |
| 2020 | $1,764,288 | $19,882 | $157,157 | $131,000 | 1 | — | $26,918 | $107,074 |
Under IRS private-foundation payout rules, Clement F Malovey Educational Scholarship Fund reported a distributable amount of $108K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The fund’s stated charitable activity is issuing college scholarships. Its 2024 filing reports 52 scholarships for Branch County, Michigan, high school graduates.
Grantmaking
In filing year 2025, the fund made 53 grants totaling $115,250. Awards ranged from $1,250 to $2,500, with a median of $2,500. The filing lists college scholarships of $2,500 to, among others, four individual recipients
Leadership & Key People
Officers and directors from IRS filings
Clement F Malovey Educational Scholarship Fund's only listed officer is Century Bank & Trust, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
Century Bank & Trust
Trustee
On filings since 2023
10 hrs/week
$13K (2023) → $14K (2025)
Former officers (1)
- Former: Century Bank AND Trust (2020–2022) — Trustee
Data from IRS Form 990 filings, 2020–2025. "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
The highest reported compensation on the 2025 filing was $14K, to Century Bank & Trust (Trustee).
Frequently asked questions about Clement F Malovey Educational Scholarship Fund
How much does Clement F Malovey Educational Scholarship Fund give each year?
Clement F Malovey Educational Scholarship Fund gave $115K across 53 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $124K across 53 grants.
What is Clement F Malovey Educational Scholarship Fund's typical grant size?
Clement F Malovey Educational Scholarship Fund's median grant in 2025 was $2,500, and its average grant was $2,175, across 53 grants on its 2025 IRS Form 990-PF.
Where does Clement F Malovey Educational Scholarship Fund give grants?
Clement F Malovey Educational Scholarship Fund gives mostly in Michigan: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Clement F Malovey Educational Scholarship Fund give general operating support?
Not in 2025: none of the 53 grants with a stated purpose on Clement F Malovey Educational Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "College scholarship" (53 grants).
How large is Clement F Malovey Educational Scholarship Fund?
Clement F Malovey Educational Scholarship Fund reported $1.6M in total assets on its 2025 IRS Form 990-PF. It paid out $115K in qualifying distributions that year, against a required minimum of $108K (roughly 5% of its investment assets).
What does Clement F Malovey Educational Scholarship Fund fund?
The fund’s stated charitable activity is issuing college scholarships. Its 2024 filing reports 52 scholarships for Branch County, Michigan, high school graduates. See mission & focus areas ↑
How do I apply for a grant from Clement F Malovey Educational Scholarship Fund?
Applications are available through Branch County, Michigan, high schools. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Clement F Malovey Educational Scholarship Fund's EIN?
Clement F Malovey Educational Scholarship Fund's EIN (Employer Identification Number) is 38-3804156. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 19, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS December 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 17, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 5, 2023)
- IRS filings on file for fiscal years 2020–2025
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Figures come from Clement F Malovey Educational Scholarship Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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