Field Memorial Scholarship Trust
Field Memorial Scholarship Trust is a private foundation based in Mason City, Iowa. Its 2025 filing reports college scholarship grants to students and graduates of the North Central Community School District.
Field Memorial Scholarship Trust at a glance
In short: Field Memorial Scholarship Trust gave $23K across 11 grants in 2025 (avg $2K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $22,860
- +4.0% vs 2024
- Grants made (2025)
- 11
- -15.4% vs 2024
- Average grant
- $2,078
- +22.9% vs 2024
- Median grant
- $2,540
- Total assets
- $469,024
- -3.8% vs 2024
- Primary geography
- Iowa (95% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Field Memorial Scholarship Trust
- How to Apply
-
The filing says the foundation does not restrict giving to preselected organizations. Students and graduates of the North Central Community School District should contact the Central Springs guidance counselor for current application materials.
- Review Cycle
- May 1. The filing does not specify a year for this deadline.
- Deadline
- May 1.
- Contact
Application contact: Central Springs Guidance Counselor
Mailing address: 105 S East Street, Manly, IA 50456
Phone: (641) 454-2563
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Field Memorial Scholarship Trust funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Paige Barkerluther College ($3K). Together the top 2 received $5K.
Organizations only. It also paid 9 individual scholarships ($17,780), which are not listed by name.
Grant Size Distribution
59 grants across all recorded years
The most common grant size was under $50K: 59 grants of 59 (100%).
Geographic Focus
Where this funder awards grants
The trust is based in Mason City, Iowa. In 2025, 95% of grant dollars went to recipients in Iowa and 5% to recipients in Minnesota.
Grant Distribution by State
Share of 2025 grant dollars across all 11 itemized grants.
Cities
How Field Memorial Scholarship Trust gives
- Giving held roughly steady from 2022 to 2025 (−15%). Method
- In 2025 it paid out 125% 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 2020 to 2025, annual grant giving ranged from $22K (2024) to $27K (2022). In 2025 it made 11 grants totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 9 individual scholarships Recipients not named | — | $17,780 |
| Paige Barkerluther College Decorah, IA | College Scholarship | $2,540 |
| Abby Patenorthwestern College Orange City, IA | College Scholarship | $2,540 |
Ready to take the next step with Field Memorial Scholarship Trust?
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 | $469,024 | $14,021 | $32,754 | $22,860 | 11 | $28,621 | $10,592 | $22,983 |
| 2024 | $487,757 | $48,082 | $31,238 | $21,980 | 13 | $27,498 | $44,866 | $22,180 |
| 2023 | $470,913 | $40,176 | $31,670 | $24,600 | 13 | $28,953 | $37,534 | $20,861 |
| 2022 | $462,407 | $42,837 | $36,826 | $27,000 | 11 | $32,158 | $39,899 | $23,655 |
| 2021 | $456,396 | $75,452 | $33,470 | $25,350 | 11 | $30,267 | $72,631 | $25,558 |
| 2020 | $414,414 | $23,941 | $30,317 | $23,000 | 11 | — | $21,259 | $22,408 |
Under IRS private-foundation payout rules, Field Memorial Scholarship Trust reported a distributable amount of $23K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Grantmaking
In filing year 2025, the trust gave 11 grants totaling $22,860. Grant amounts ranged from $1,253 to $2,540, with a median of $2,540. The largest listed awards were $2,540 each to Cecila Hill at Iowa State University, Paige Barker at Luther College, Liberti Ewen at UNI, Carly Ryan at Iowa Central Community College, Abby Pate at Northwestern College, Blake Barker at Iowa State University, and an individual recipient at ISU. Each was designated for a college scholarship.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Clear Lake Bank Trust as trustee.
Field Memorial Scholarship Trust's only listed officer is Clear Lake Bank Trust, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Clear Lake Bank Trust
Trustee
On filings since 2020
1 hr/week
$5K (2020) → $6K (2025)
Data from IRS Form 990 filings, 2020–2025. "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 $6K, to Clear Lake Bank Trust (Trustee).
Frequently asked questions about Field Memorial Scholarship Trust
How much does Field Memorial Scholarship Trust give each year?
Field Memorial Scholarship Trust gave $23K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $22K across 13 grants.
What is Field Memorial Scholarship Trust's typical grant size?
Field Memorial Scholarship Trust's median grant in 2025 was $2,540, and its average grant was $2,078, across 11 grants on its 2025 IRS Form 990-PF.
Where does Field Memorial Scholarship Trust give grants?
Field Memorial Scholarship Trust gives mostly in Iowa: 95% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Minnesota (5%).
Does Field Memorial Scholarship Trust give general operating support?
Not in 2025: none of the 11 grants with a stated purpose on Field Memorial Scholarship Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "College Scholarship" (11 grants).
How large is Field Memorial Scholarship Trust?
Field Memorial Scholarship Trust reported $469K in total assets on its 2025 IRS Form 990-PF. It paid out $29K in qualifying distributions that year, against a required minimum of $23K (roughly 5% of its investment assets).
How do I apply for a grant from Field Memorial Scholarship Trust?
The filing says the foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Field Memorial Scholarship Trust's EIN?
Field Memorial Scholarship Trust's EIN (Employer Identification Number) is 42-6370219. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Field Memorial Scholarship Trust funds
Education Open opportunities, soonest deadline first.
- Creative Impact Grants $500 - $2,500 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Field Memorial Scholarship Trust's focus areas in our free grants database
Similar Funders
Similar funders in Iowa
Community Fdn of Greater Des Moines F/K/a Greater Des Moines Community Fdn
Des Moines, IA
The Community Foundation of Greater Des Moines supports projects that improve quality of life in Greater Des Moines, including housing and transportation access, health, economic opportunity, inclusive communities, and nonprofit capacity-building. Its 2024 itemized grants had a median of about $12,900, though awards ranged from roughly $5,000 to $7.34 million.
Assets
$918.7M
Grants
1,259
Total Given
$55.7M
Pella Rolscreen Foundation
Pella, IA
The Pella Rolscreen Foundation supports charitable organizations working in education and community betterment, including civic, cultural, social, and physical-environment programs in communities where Pella Corporation employees live. Large grants generally range from $10,000 to $50,000 and typically cover no more than 25% of project costs; its 2024 grants had a median of $1,029. It accepts unsolicited requests from eligible 501(c)(3) nonprofits and government entities in communities where Pella has manufacturing plants.
Assets
$22.4M
Grants
433
Total Given
$1.9M
Prairie Meadows Race Track and Casino Inc
Altoona, IA
Prairie Meadows supports Iowa nonprofits in arts and culture, education, economic development, human services, and youth sports and recreation; Legacy grants focus on large-scale projects in central Iowa. Its programs offer $100–$1 million for Legacy, $100–$99,999 for Community Betterment, and $1,000–$50,000 for Youth Sports and Recreation. It accepts applications through its online system; the 2026 deadline was February 27, 2026, and has passed.
Assets
$327.6M
Grants
409
Total Given
$33.0M
Iowa Health Care Association Foundation
West Des Moines, IA
The Iowa Health Care Association Foundation funds scholarships and career-education resources for employees of member long-term-care organizations and Iowa high school students pursuing long-term-care careers. Its typical giving level varies: it awarded 287 grants totaling about $4.1 million in 2024, and the listed high school scholarship is $2,000. Its programs focus on Iowa; the profile does not state whether it accepts unsolicited requests.
Assets
$329K
Grants
287
Total Given
$4.1M
Quad Cities Community Foundation
Bettendorf, IA
Quad Cities Community Foundation funds nonprofit operations and programs across areas including education, health, arts and culture, community development, youth, and the environment, primarily in Rock Island County, Illinois, and Scott County, Iowa, with some service to surrounding counties. Its 2024 grants had a median of $15,000; its Operations and Programs Grants program lists requests of $5,000–$20,000.
Assets
$209.7M
Grants
263
Total Given
$7.5M
Dupaco RW Hoefer Foundation
Dubuque, IA
The Dupaco RW Hoefer Foundation supports education, charitable work, and organizations or causes that enhance quality of life, with most 2025 grant dollars going to Iowa, followed by Florida, Wisconsin, and Illinois. Grants ranged from $100 to $100,000, with a median of $1,000. It directs applicants to a grant application form and says it does not restrict giving to preselected organizations.
Assets
$10.2M
Grants
141
Total Given
$440K
More similar funders
More Funders in Iowa
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Field Memorial Scholarship Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Field Memorial Scholarship Trust down — hundreds of funders to go?