Edgar & Lucile Schergens Foundation Inc
Edgar & Lucile Schergens Foundation Inc is a private foundation, based in Tell City, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.7M in total assets. In 2024, it awarded 2 grants totaling $376K. Net investment income was $1.4M.
Edgar & Lucile Schergens Foundation Inc at a glance
In short: Edgar & Lucile Schergens Foundation Inc gave $376K across 2 grants in 2024 (avg $188K), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $376,068
- +31.5% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $188,034
- +31.5% vs 2023
- Median grant
- $188,034
- Total assets
- $7,687,559
- +14.0% vs 2023
- Primary geography
- Indiana (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Edgar & Lucile Schergens Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was College Scholarships ($346K). Together the top 2 received $376K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 25 grants of 31 (81%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Edgar & Lucile Schergens Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+19%). Method
- In 2024 it paid out 103% 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 $286K (2023) to $376K (2024). In 2024 it made 2 grants totaling $376K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| College Scholarships Tell City, IN | College Scholarships | $346,068 |
| Perry County Junior Achievement Tell City, IN | Charitable Support | $30,000 |
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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 | $7,687,559 | $1,493,933 | $383,069 | $376,068 | 2 | $376,068 | $1,439,497 | $363,775 |
| 2023 | $6,742,435 | $147,882 | $298,824 | $286,018 | 2 | $286,018 | $174,131 | $344,279 |
| 2022 | $6,893,377 | $222,582 | $437,676 | $315,411 | 2 | $315,411 | $123,963 | $365,943 |
| 2021 | $7,108,471 | $777,671 | $452,429 | $315,345 | 5 | $315,345 | $661,382 | $420,629 |
| 2020 | $6,783,229 | $796,628 | $423,683 | $308,867 | 20 | — | $693,349 | $350,275 |
Under IRS private-foundation payout rules, Edgar & Lucile Schergens Foundation Inc reported a distributable amount of $364K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Edgar & Lucile Schergens Foundation Inc is led by William Borders, President on every filing since 2020; none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
William Borders
President
On filings since 2020
1 hr/week
No compensation reported
Karen Werner
Vice President
On filings since 2020
1 hr/week
No compensation reported
Kristi Applegate
Treasurer
On filings since 2023
1 hr/week
No compensation reported
Anjan Kashyab
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Derrick Lawalin
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Mary Jo Borders
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Missy Noble
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Patrick Borders
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (2)
- Former: Derrel Zellers (2020–2023) — Secretary
- Former: John B Land (2020–2022) — Treasurer
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.
Frequently asked questions about Edgar & Lucile Schergens Foundation Inc
How much does Edgar & Lucile Schergens Foundation Inc give each year?
Edgar & Lucile Schergens Foundation Inc gave $376K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $286K across 2 grants.
How large is Edgar & Lucile Schergens Foundation Inc?
Edgar & Lucile Schergens Foundation Inc reported $7.7M in total assets on its 2024 IRS Form 990-PF. It paid out $376K in qualifying distributions that year, against a required minimum of $364K (roughly 5% of its investment assets).
Where does Edgar & Lucile Schergens Foundation Inc operate?
Edgar & Lucile Schergens Foundation Inc has awarded grants in California, Indiana, Kentucky, Oklahoma, Texas.
What is Edgar & Lucile Schergens Foundation Inc's EIN?
Edgar & Lucile Schergens Foundation Inc's EIN (Employer Identification Number) is 35-1848445. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
Live grants for the work Edgar & Lucile Schergens Foundation Inc funds
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