Elwell-Colvin Scholarship Fund
Elwell-Colvin Scholarship Fund is a private foundation focused on Education, based in Milwaukee, WI. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $796K in total assets. In 2025, it awarded 5 grants totaling $46K. Net investment income was $84K.
Elwell-Colvin Scholarship Fund at a glance
In short: Elwell-Colvin Scholarship Fund gave $46K across 5 grants in 2025 (avg $9K), mostly in Oregon. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $45,666
- +40.7% vs 2024
- Grants made (2025)
- 5
- -37.5% vs 2024
- Average grant
- $9,133
- +125.2% vs 2024
- Median grant
- $4,000
- Total assets
- $796,447
- +4.6% vs 2024
- Primary geography
- Oregon (100% 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 Elwell-Colvin Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Oregon State University ($26K). Together the top 5 received $46K.
Grant Size Distribution
40 grants across all recorded years
The most common grant size was under $50K: 40 grants of 40 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Elwell-Colvin Scholarship Fund gives
- Giving grew 154% from 2022 to 2025. Method
- In 2025 it paid out 109% 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 2021 to 2025, annual grant giving ranged from $18K (2022) to $68K (2021). In 2025 it made 5 grants totaling $46K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Oregon State University Corvallis, OR | Scholarship | $25,666 |
| University of Oregon Eugene, OR | Scholarship | $8,000 |
| Pacific University Forest Grove, OR | Scholarship | $4,000 |
| Willamette University Salem, OR | Scholarship | $4,000 |
| Linfield University McMinnville, OR | Scholarship | $4,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $796,447 | $97,414 | $62,706 | $45,666 | 5 | $48,777 | $83,775 | $44,761 |
| 2024 | $761,742 | $32,458 | $49,443 | $32,451 | 8 | $35,579 | $18,077 | $45,991 |
| 2023 | $775,809 | $26,823 | $82,765 | $65,500 | 10 | $68,650 | $13,217 | $44,018 |
| 2022 | $829,751 | $64,447 | $37,115 | $18,001 | 4 | $21,331 | $49,188 | $64,951 |
| 2021 | $787,086 | $64,699 | $86,170 | $68,000 | 13 | — | $49,388 | $49,073 |
Under IRS private-foundation payout rules, Elwell-Colvin Scholarship Fund reported a distributable amount of $45K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Elwell-Colvin Scholarship Fund's only listed officer is US Bank N A, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2023
1 hr/week
$15K (2023) → $15K (2025)
Former officers (1)
- Former: U S Bank (2021–2022) — Trustee
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 $15K, to US Bank N a (Trustee).
Frequently asked questions about Elwell-Colvin Scholarship Fund
How much does Elwell-Colvin Scholarship Fund give each year?
Elwell-Colvin Scholarship Fund gave $46K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $32K across 8 grants.
What is Elwell-Colvin Scholarship Fund's typical grant size?
Elwell-Colvin Scholarship Fund's median grant in 2025 was $4,000, and its average grant was $9,133, across 5 grants on its 2025 IRS Form 990-PF.
Where does Elwell-Colvin Scholarship Fund give grants?
Elwell-Colvin Scholarship Fund gives mostly in Oregon: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Elwell-Colvin Scholarship Fund give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Elwell-Colvin Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (5 grants).
Who are Elwell-Colvin Scholarship Fund's largest grantees?
Elwell-Colvin Scholarship Fund's largest 2025 grantees include Oregon State University ($25,666), University of Oregon ($8,000) and Pacific University ($4,000), according to its 2025 IRS Form 990-PF. Together they received 82% of its itemized 2025 grant dollars.
How large is Elwell-Colvin Scholarship Fund?
Elwell-Colvin Scholarship Fund reported $796K in total assets on its 2025 IRS Form 990-PF. It paid out $49K in qualifying distributions that year, against a required minimum of $45K (roughly 5% of its investment assets).
What is Elwell-Colvin Scholarship Fund?
Elwell-Colvin Scholarship Fund is a private foundation focused on Education, based in Milwaukee, WI. It holds $796K in total assets as of 2025.
What is Elwell-Colvin Scholarship Fund's EIN?
Elwell-Colvin Scholarship Fund's EIN (Employer Identification Number) is 91-6569191. 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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