Edgar & Lucile Schergens Foundation Inc
Edgar & Lucile Schergens Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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.
About Edgar & Lucile Schergens Foundation Inc
Based on IRS filings
Edgar & Lucile Schergens Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include College Scholarships ($346,068), Perry County Junior Achievement ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Perry County Junior Achievement Tell City, IN | Charitable Support | $30,000 |
| College Scholarships Tell City, IN | College Scholarships | $346,068 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| William Borders | President | 1 | — |
| Karen Werner | Vice President | 1 | — |
| Kristi Applegate | Treasurer | 1 | — |
| Anjan Kashyab | Board Member | 1 | — |
| Patrick Borders | Board Member | 1 | — |
| Mary Jo Borders | Board Member | 1 | — |
| Derrick Lawalin | Board Member | 1 | — |
| Missy Noble | Board Member | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Edgar & Lucile Schergens Foundation Inc?
Edgar & Lucile Schergens Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TELL CITY, IN. It holds $7.7M in total assets as of 2024.
How large is Edgar & Lucile Schergens Foundation Inc?
As of 2024, Edgar & Lucile Schergens Foundation Inc holds $7.7M in total assets with $1.5M in annual revenue. It awarded 2 grants totaling $376K in 2024.
Where does Edgar & Lucile Schergens Foundation Inc operate?
Edgar & Lucile Schergens Foundation Inc has awarded grants in California, Indiana, Kentucky, Oklahoma, Texas.
What size grants does Edgar & Lucile Schergens Foundation Inc award?
In 2024, Edgar & Lucile Schergens Foundation Inc awarded 2 grants totaling $376K — an average of about $188K per grant, based on its IRS Form 990 filings.
How much is Edgar & Lucile Schergens Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Edgar & Lucile Schergens Foundation Inc reported a distributable amount of $364K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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