Elizabeth W Cummings Scholarship Trust

DALLAS, TX EIN: 56-6192403

Elizabeth W Cummings Scholarship Trust is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2023. In 2023, it awarded 1 grants totaling $407K. Net investment income was $23K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$407K

+1937.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$407K

+1937.1% YoY

Under IRS private-foundation payout rules, Elizabeth W Cummings Scholarship Trust reported a distributable amount of $18K for 2023 — the minimum it must pay out in qualifying distributions.

About Elizabeth W Cummings Scholarship Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $453K (100%)

States

Virginia

Cities

Richmond

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	—	$391,602	$425,921
Revenue	$26,337	$-9,187	$86,150
Expenses	$416,687	$25,113	$17,561
Qualifying Distributions	$413,084	$21,130	$14,979
Net Investment Income	$23,217	$6,019	$83,523
Distributable Amount	$18,243	$21,157	$23,103

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2023

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Union Theological Seminary ($407,411).

Recipient	Purpose	Amount
UNION THEOLOGICAL SEMINARY RICHMOND, VA	UNRESTRICTED GENERAL	$407,411

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$1,257

Frequently Asked Questions

Where does Elizabeth W Cummings Scholarship Trust operate?

Elizabeth W Cummings Scholarship Trust has awarded grants in Virginia.

What size grants does Elizabeth W Cummings Scholarship Trust award?

In 2023, Elizabeth W Cummings Scholarship Trust awarded 1 grants totaling $407K — an average of about $407K per grant, based on its IRS Form 990 filings.

How much is Elizabeth W Cummings Scholarship Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Elizabeth W Cummings Scholarship Trust reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Elizabeth W Cummings Scholarship Trust's EIN?

Elizabeth W Cummings Scholarship Trust's EIN (Employer Identification Number) is 56-6192403. IRS Form 990 filing data is available on this page for 2020–2023.