Dearing Memorial Loan Fund
Dearing Memorial Loan Fund is a private foundation focused on Education, based in Oakland City, IN. IRS filing data is available from 2020 through 2021. In 2021, it awarded 1 grant totaling $331K. Net investment income was $77K.
Dearing Memorial Loan Fund at a glance
In short: Dearing Memorial Loan Fund gave $331K across 1 grant in 2021 (avg $331K), mostly in Indiana. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $330,767
- +2320.4% vs 2020
- Grants made (2021)
- 1
- +0.0% vs 2020
- Average grant
- $330,767
- +2320.4% vs 2020
- Median grant
- $330,767
- Primary geography
- Indiana (100% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated September 2026.
Who Dearing Memorial Loan Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2021
The largest 2021 recipient was Oakland City University ($331K).
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 1 grant of 2 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2021 grant dollars on its one itemized grant.
States
Cities
How Dearing Memorial Loan Fund gives
- In 2021 it paid out well above 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 2021, annual grant giving ranged from $14K (2020) to $331K (2021). In 2021 it made 1 grant totaling $331K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Oakland City University Oakland City, IN | Loans to Worthy and Needy Students | $330,767 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2021 | — | $77,674 | $331,730 | $330,767 | 1 | $330,767 | $76,711 | $5,517 |
| 2020 | $254,056 | $19,713 | $15,385 | $13,666 | 1 | — | $17,994 | $13,713 |
Under IRS private-foundation payout rules, Dearing Memorial Loan Fund reported a distributable amount of $6K for 2021 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Dearing Memorial Loan Fund is led by Oakland City University, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2021 filing
Oakland City University
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Dearing Memorial Loan Fund
How much does Dearing Memorial Loan Fund give each year?
Dearing Memorial Loan Fund gave $331K across 1 grant in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $14K across 1 grant.
What is Dearing Memorial Loan Fund?
Dearing Memorial Loan Fund is a private foundation focused on Education, based in Oakland City, IN.
Where does Dearing Memorial Loan Fund operate?
Dearing Memorial Loan Fund has awarded grants in Indiana.
How much is Dearing Memorial Loan Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Dearing Memorial Loan Fund reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Dearing Memorial Loan Fund's EIN?
Dearing Memorial Loan Fund's EIN (Employer Identification Number) is 35-6737728. IRS Form 990 filing data is available on this page for 2020–2021.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2021
Live grants for the work Dearing Memorial Loan Fund funds
Education Open opportunities, soonest deadline first.
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Browse active grant opportunities in Dearing Memorial Loan Fund's focus areas in our free grants database
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