Earl N & Conrad E Riffe Memorial Scholarship Trust
Earl N & Conrad E Riffe Memorial Scholarship Trust is a private foundation, based in Amarillo, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $165K in total assets. In 2025, it awarded 4 grants totaling $10K. Net investment income was $4K.
Key facts about Earl N & Conrad E Riffe Memorial Scholarship Trust
In short: Earl N & Conrad E Riffe Memorial Scholarship Trust gave $10K across 4 grants in 2025 (avg $3K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- EIN
- 75-6325925
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $10,000
- Grants made (2025)
- 4
- Average grant
- $2,500
- Median grant
- $2,500
- Total assets
- $165,452
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated October 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$165K
-2.8% YoY
Annual Giving
$10K
+33.3% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$3K
+0.0% YoY
Under IRS private-foundation payout rules, Earl N & Conrad E Riffe Memorial Scholarship Trust reported a distributable amount of $5K for 2025 — the minimum it must pay out in qualifying distributions.
How Earl N & Conrad E Riffe Memorial Scholarship Trust gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 202% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $8K (2024) to $18K (2023). In 2025 it made 4 grants totaling $10K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 4 grants to individuals Recipients not named | — | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $165,452 | $170,186 | $139,981 |
| Revenue | $7,960 | $39,222 | $7,786 |
| Expenses | $12,697 | $9,017 | $18,473 |
| Qualifying Distributions | $10,000 | $7,500 | $17,500 |
| Net Investment Income | $3,681 | $36,077 | $7,627 |
| Distributable Amount | $4,946 | $7,916 | $7,945 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 26, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Earl N & Conrad E Riffe Memorial Scholarship Trust's only listed officer is Happy Trust Company Alisa FOX, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
Happy Trust Company Alisa FOX
Trustee
On filings since 2023
$814 (2023) → $918 (2025)
Former officers (1)
- Former: Happy State Bank Alisa Scott (2020–2022) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $918, to Happy Trust Company Alisa Fox (Trustee).
Frequently asked questions about Earl N & Conrad E Riffe Memorial Scholarship Trust
How much does Earl N & Conrad E Riffe Memorial Scholarship Trust give each year?
Earl N & Conrad E Riffe Memorial Scholarship Trust gave $10K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8K across 3 grants.
What is Earl N & Conrad E Riffe Memorial Scholarship Trust's typical grant size?
Earl N & Conrad E Riffe Memorial Scholarship Trust's median grant in 2025 was $2,500, and its average grant was $2,500, across 4 grants on its 2025 IRS Form 990-PF.
Where does Earl N & Conrad E Riffe Memorial Scholarship Trust give grants?
Earl N & Conrad E Riffe Memorial Scholarship Trust gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Earl N & Conrad E Riffe Memorial Scholarship Trust give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Earl N & Conrad E Riffe Memorial Scholarship Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (4 grants).
How large is Earl N & Conrad E Riffe Memorial Scholarship Trust?
Earl N & Conrad E Riffe Memorial Scholarship Trust reported $165K in total assets on its 2025 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).
What is Earl N & Conrad E Riffe Memorial Scholarship Trust's EIN?
Earl N & Conrad E Riffe Memorial Scholarship Trust's EIN (Employer Identification Number) is 75-6325925. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
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