Elmer McKenney Scholarship Trust
Elmer McKenney Scholarship Trust is a private foundation, based in Abilene, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $228K in total assets. In 2025, it awarded 7 grants totaling $8K. Net investment income was $17K.
Elmer McKenney Scholarship Trust at a glance
In short: Elmer McKenney Scholarship Trust gave $8K across 7 grants in 2025 (avg $1K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $8,229
- +2.9% vs 2024
- Grants made (2025)
- 7
- -30.0% vs 2024
- Average grant
- $1,176
- +46.9% vs 2024
- Median grant
- $1,176
- Total assets
- $227,679
- +0.4% vs 2024
- Primary geography
- Texas (71% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Elmer McKenney Scholarship Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Texas Tech University ($2K across 2 grants). Together the top 5 received $7K.
Organizations only. It also paid 1 individual scholarship ($1,176), which are not listed by name.
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 37 grants of 37 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How Elmer McKenney Scholarship Trust gives
- Giving grew 160% from 2022 to 2025. Method
- In 2025 it paid out 75% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2021 to 2025, annual grant giving ranged from $3K (2021) to $8K (2025). In 2025 it made 7 grants totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Abilene Christian University Abilene, TX | Scholarship | $1,176 |
| Bellhaven University Jackson, MS | Scholarship | $1,176 |
| 1 individual scholarship Recipients not named | — | $1,176 |
| Texas Tech University Lubbock, TX | Scholarship | $1,176 |
| Texas State University San Marcos, TX | Scholarship | $1,175 |
| Texas Tech University Lubbock, TX | Scholarship | $1,175 |
| University of California Irvine Irvine, CA | Scholarship | $1,175 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $227,679 | $17,820 | $17,110 | $8,229 | 7 | $15,275 | $17,074 | $20,497 |
| 2024 | $226,882 | $15,579 | $17,214 | $8,000 | 10 | $14,418 | $14,875 | $18,540 |
| 2023 | $228,418 | $13,977 | $14,958 | $5,600 | 7 | $11,699 | $12,985 | $17,536 |
| 2022 | $229,385 | $21,685 | $12,840 | $3,161 | 7 | $9,763 | $20,999 | $17,277 |
| 2021 | $220,589 | $19,591 | $11,336 | $2,974 | 6 | — | $18,697 | $16,240 |
Under IRS private-foundation payout rules, Elmer McKenney Scholarship Trust reported a distributable amount of $20K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Elmer McKenney Scholarship Trust is led by First Financial Trust Asset Mgmt, Trustee on every filing since 2021 — the only officer listed, and compensated.
Officers on the 2025 filing
First Financial Trust Asset Mgmt
Trustee
On filings since 2021
1 hr/week
$4K (2021) → $5K (2025)
Data from IRS Form 990 filings, 2021–2025. "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 $5K, to First Financial Trust Asset Mgmt (Trustee).
Frequently asked questions about Elmer McKenney Scholarship Trust
How much does Elmer McKenney Scholarship Trust give each year?
Elmer McKenney Scholarship Trust gave $8K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8K across 10 grants.
What is Elmer McKenney Scholarship Trust's typical grant size?
Elmer McKenney Scholarship Trust's median grant in 2025 was $1,176, and its average grant was $1,176, across 7 grants on its 2025 IRS Form 990-PF.
Where does Elmer McKenney Scholarship Trust give grants?
Elmer McKenney Scholarship Trust gives mostly in Texas: 71% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Mississippi (14%) and California (14%). The most frequent recipient cities were Lubbock, TX (2 grants).
Does Elmer McKenney Scholarship Trust give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Elmer McKenney Scholarship Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (7 grants).
Who are Elmer McKenney Scholarship Trust's largest grantees?
Elmer McKenney Scholarship Trust's largest 2025 grantees include Texas Tech University ($2,351 across 2 grants), Abilene Christian University ($1,176) and Bellhaven University ($1,176), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($1,176), which are not listed by name. Together they received 57% of its itemized 2025 grant dollars.
How large is Elmer McKenney Scholarship Trust?
Elmer McKenney Scholarship Trust reported $228K in total assets on its 2025 IRS Form 990-PF. It paid out $15K in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Elmer McKenney Scholarship Trust's EIN?
Elmer McKenney Scholarship Trust's EIN (Employer Identification Number) is 75-6319992. IRS Form 990 filing data is available on this page for 2021–2025.
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 2021–2025
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