Cleo Lawson Mitchell Scholarship

TAZEWELL, VA EIN: 23-7179494

Cleo Lawson Mitchell Scholarship is a private foundation, based in TAZEWELL, VA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $145K in total assets. In 2024, it awarded 1 grants totaling $10K. Net investment income was $14K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$145K

+2.5% YoY

Annual Giving

$10K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$10K

+0.0% YoY

Under IRS private-foundation payout rules, Cleo Lawson Mitchell Scholarship reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.

About Cleo Lawson Mitchell Scholarship

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $40K (100%)

States

Virginia

Cities

Bluefield

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$145,009	$141,407	$140,690
Revenue	$16,616	$13,589	$10,250
Expenses	$13,014	$12,872	$13,166
Qualifying Distributions	$10,000	$10,000	$10,000
Net Investment Income	$13,602	$10,717	$7,084
Distributable Amount	$8,493	$8,417	$9,949

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

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Scholarship Fund Committee Beverly Proffitt High School ($10,000).

Recipient	Purpose	Amount
Scholarship Fund Committee Beverly Proffitt High School Bluefield, VA	Provide scholarships to needy & deserving students of GHS to attend college.	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Beverly Proffitt	Chairperson	—	—
Tammy Heffinger	Trustee	—	—
Courtney Sheets	Trustee	—	—
Mike Blevins	Trustee	—	—
Mr Carr	Trustee	—	—

Frequently Asked Questions

How large is Cleo Lawson Mitchell Scholarship?

As of 2024, Cleo Lawson Mitchell Scholarship holds $145K in total assets with $17K in annual revenue. It awarded 1 grants totaling $10K in 2024.

Where does Cleo Lawson Mitchell Scholarship operate?

Cleo Lawson Mitchell Scholarship has awarded grants in Virginia.

What size grants does Cleo Lawson Mitchell Scholarship award?

In 2024, Cleo Lawson Mitchell Scholarship awarded 1 grants totaling $10K — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is Cleo Lawson Mitchell Scholarship required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Cleo Lawson Mitchell Scholarship reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Cleo Lawson Mitchell Scholarship's EIN?

Cleo Lawson Mitchell Scholarship's EIN (Employer Identification Number) is 23-7179494. IRS Form 990 filing data is available on this page for 2021–2024.