Degroote G R & E Scholarship Trust

DETROIT, MI EIN: 37-6390934

Degroote G R & E Scholarship Trust is a private foundation focused on Education, based in DETROIT, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 1 grants totaling $240K. Net investment income was $302K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.0M

+1.7% YoY

Annual Giving

$240K

+6.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$240K

+6.9% YoY

Under IRS private-foundation payout rules, Degroote G R & E Scholarship Trust reported a distributable amount of $185K for 2024 — the minimum it must pay out in qualifying distributions.

About Degroote G R & E Scholarship Trust

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $1.0M (100%)

States

Florida

Cities

St Leo

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,999,307	$2,950,459	$2,977,350
Revenue	$363,220	$259,747	$326,981
Expenses	$305,307	$285,561	$313,055
Qualifying Distributions	$242,743	$227,106	$229,825
Net Investment Income	$302,126	$203,624	$243,886
Distributable Amount	$185,190	$171,405	$168,682

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

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Saint Leo University Inc ($240,475).

Recipient	Purpose	Amount
SAINT LEO UNIVERSITY INC ST LEO, FL	SCHOLARSHIPS	$240,475

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Degroote G R & E Scholarship Trust?

Degroote G R & E Scholarship Trust is a private foundation focused on Education, based in DETROIT, MI. It holds $3.0M in total assets as of 2024.

How large is Degroote G R & E Scholarship Trust?

As of 2024, Degroote G R & E Scholarship Trust holds $3.0M in total assets with $363K in annual revenue. It awarded 1 grants totaling $240K in 2024.

Where does Degroote G R & E Scholarship Trust operate?

Degroote G R & E Scholarship Trust has awarded grants in Florida.

What size grants does Degroote G R & E Scholarship Trust award?

In 2024, Degroote G R & E Scholarship Trust awarded 1 grants totaling $240K — an average of about $240K per grant, based on its IRS Form 990 filings.

How much is Degroote G R & E Scholarship Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Degroote G R & E Scholarship Trust reported a distributable amount of $185K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Degroote G R & E Scholarship Trust's EIN?

Degroote G R & E Scholarship Trust's EIN (Employer Identification Number) is 37-6390934. IRS Form 990 filing data is available on this page for 2020–2024.