E R Keig & Alice Keig Scholarship Fund
E R Keig & Alice Keig Scholarship Fund is a private foundation, based in MASON CITY, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $614K in total assets. In 2024, it awarded 8 grants totaling $37K. Net investment income was $29K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$614K
-1.4% YoY
Annual Giving
$37K
+0.0% YoY
Grant Count
8
+0.0% YoY
Avg Grant Size
$5K
+0.0% YoY
Under IRS private-foundation payout rules, E R Keig & Alice Keig Scholarship Fund reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.
About E R Keig & Alice Keig Scholarship Fund
Based on IRS filings
E R Keig & Alice Keig Scholarship Fund is a private foundation, based in MASON CITY, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $614K in total assets. In 2024, it awarded 8 grants totaling $37K. Net investment income was $29K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $613,753 | $622,166 | $658,134 |
| Revenue | $39,571 | $11,408 | $24,304 |
| Expenses | $47,984 | $47,376 | $55,781 |
| Qualifying Distributions | $37,000 | $37,000 | $44,500 |
| Net Investment Income | $28,587 | $16,794 | $13,023 |
| Distributable Amount | $29,627 | $28,325 | $30,507 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Leslie Graves ($5,000), Nicholas Hohenbrink ($5,000), Mariya Yasinovska ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LESLIE GRAVES HAWKEYE, IA | SCHOLARSHIP | $5,000 |
| NICHOLAS HOHENBRINK CLERMONT, IA | SCHOLARSHIP | $5,000 |
| MARIYA YASINOVSKA WEST UNION, IA | SCHOLARSHIP | $5,000 |
| SOPHIA DURNAN ELGIN, IA | SCHOLARSHIP | $5,000 |
| KORBIN YAUK FAYETTE, IA | SCHOLARSHIP | $5,000 |
| ABBY CHICKEN CLERMONT, IA | SCHOLARSHIP | $5,000 |
| KALEB WHITE WEST UNION, IA | SCHOLARSHIP | $5,000 |
| TIM FELDMAN WEST UNION, IA | OUTSTANDING TEACHER AWARD | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARTINA HENDERSON | TRUSTEE | 2 | — |
| JON HEINY | TRUSTEE | 2 | — |
Frequently Asked Questions
How large is E R Keig & Alice Keig Scholarship Fund?
As of 2024, E R Keig & Alice Keig Scholarship Fund holds $614K in total assets with $40K in annual revenue. It awarded 8 grants totaling $37K in 2024.
Where does E R Keig & Alice Keig Scholarship Fund operate?
E R Keig & Alice Keig Scholarship Fund has awarded grants in Iowa.
What size grants does E R Keig & Alice Keig Scholarship Fund award?
In 2024, E R Keig & Alice Keig Scholarship Fund awarded 8 grants totaling $37K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is E R Keig & Alice Keig Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, E R Keig & Alice Keig Scholarship Fund reported a distributable amount of $30K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is E R Keig & Alice Keig Scholarship Fund's EIN?
E R Keig & Alice Keig Scholarship Fund's EIN (Employer Identification Number) is 59-6952608. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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