Edgar & Lucile Schergens Foundation Inc

Private foundation · Grantmaker Tell City, IN EIN: 35-1848445

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.

Key facts about Edgar & Lucile Schergens Foundation Inc

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.

EIN
35-1848445
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$376,068
Grants made (2024)
2
Average grant
$188,034
Median grant
$188,034
Total assets
$7,687,559
Primary geography
Indiana (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.7M

+14.0% YoY

Annual Giving

$376K

+31.5% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$188K

+31.5% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2024 grant dollars across all 2 itemized grants.

Cities

Tell CityEvansvilleLouisvilleBloomingtonCanneltonDallasGreencastleIndianapolisLeopoldMurrayStanfordTulsaVincennesWest Lafayette

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K20 grants2020 5 grants2021 2 grants2022 2 grants2023 2 grants2024

From 2020 to 2024, annual grant giving ranged from $286K (2023) to $376K (2024). In 2024 it made 2 grants totaling $376K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

College Scholarships: $346KCollege Scholarships$346KPerry County Junior Achievement: $30KPerry County JuniorAchievement$30K

The largest 2024 recipient was College Scholarships ($346K). Together the top 2 received $376K.

Grant Size Distribution

31 grants across all recorded years

25<$50K2$50–100K$100–250K4$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 25 grants of 31 (81%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
College Scholarships Tell City, INCollege Scholarships$346,068
Perry County Junior Achievement Tell City, INCharitable Support$30,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M$2M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$7,687,559$6,742,435$6,893,377
Revenue$1,493,933$147,882$222,582
Expenses$383,069$298,824$437,676
Qualifying Distributions$376,068$286,018$315,411
Net Investment Income$1,439,497$174,131$123,963
Distributable Amount$363,775$344,279$365,943

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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.

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