Degroote G R & E Scholarship Trust
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 grant totaling $240K. Net investment income was $302K.
Degroote G R & E Scholarship Trust at a glance
In short: Degroote G R & E Scholarship Trust gave $240K across 1 grant in 2024 (avg $240K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $240,475
- +6.9% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $240,475
- +6.9% vs 2023
- Median grant
- $240,475
- Total assets
- $2,999,307
- +1.7% vs 2023
- Primary geography
- Florida (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Degroote G R & E Scholarship Trust funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Degroote G R & E Scholarship Trust gives
- Giving grew 28% from 2021 to 2024. Method
- In 2024 it paid out 131% 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 2024, annual grant giving ranged from $137K (2020) to $240K (2024). In 2024 it made 1 grant totaling $240K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $240,475 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,999,307 | $363,220 | $305,307 | $240,475 | 1 | $242,743 | $302,126 | $185,190 |
| 2023 | $2,950,459 | $259,747 | $285,561 | $225,000 | 1 | $227,106 | $203,624 | $171,405 |
| 2022 | $2,977,350 | $326,981 | $313,055 | $225,000 | 1 | $229,825 | $243,886 | $168,682 |
| 2021 | $2,963,106 | $396,504 | $301,444 | $188,000 | 1 | $193,380 | $303,123 | $204,443 |
| 2020 | $2,867,913 | $664,673 | $224,052 | $137,042 | 1 | — | $584,066 | $175,796 |
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.
Leadership & Key People
Officers and directors from IRS filings
Degroote G R & E Scholarship Trust's only listed officer is Comerica Bank & Trust NA, Trustee on every filing since 2020 (compensated).
Officers on the 2024 filing
Comerica Bank & Trust NA
Trustee
On filings since 2020
2 hrs/week
$21K (2020) → $23K (2024)
Former officers (1)
- Former: Vincent Vanacek (2020–2023) — Co Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $23K, to Comerica Bank & Trust NA (Trustee).
Frequently asked questions about Degroote G R & E Scholarship Trust
How much does Degroote G R & E Scholarship Trust give each year?
Degroote G R & E Scholarship Trust gave $240K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $225K across 1 grant.
How large is Degroote G R & E Scholarship Trust?
Degroote G R & E Scholarship Trust reported $3.0M in total assets on its 2024 IRS Form 990-PF. It paid out $243K in qualifying distributions that year, against a required minimum of $185K (roughly 5% of its investment assets).
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.
Where does Degroote G R & E Scholarship Trust operate?
Degroote G R & E Scholarship Trust has awarded grants in Florida.
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.
Data last updated October 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 2020–2024
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