Florence Frisbie Scholarship Fund

Private foundation · Grantmaker Cherokee, IA EIN: 42-6615574

Florence Frisbie Scholarship Fund is a private foundation focused on Education, based in Cherokee, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $209K in total assets. In 2025, it awarded 1 grant totaling $8K.

Florence Frisbie Scholarship Fund at a glance

In short: Florence Frisbie Scholarship Fund gave $8K across 1 grant in 2025 (avg $8K), mostly in Iowa. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$8,000
+0.0% vs 2024
Grants made (2025)
1
+0.0% vs 2024
Average grant
$8,000
+0.0% vs 2024
Median grant
$8,000
Total assets
$209,237
+4.5% vs 2024
Primary geography
Iowa (100% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated October 2026.

Who Florence Frisbie Scholarship Fund funds

How this funder distributes its grants

Grant Size Distribution

5 grants across all recorded years

5<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 5 grants of 5 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Cherokee

How Florence Frisbie Scholarship Fund gives

  • Giving grew 33% from 2022 to 2025. Method
  • In 2025 it paid out 80% 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

$0$2K$4K$6K$8K1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $3K (2020) to $8K (2025). In 2025 it made 1 grant totaling $8K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
1 grant to individuals Recipients not named —$8,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$209,237$8,340$11,769$8,0001$8,000—$10,019
2024$200,170$29,577$16,326$8,0001———
2023$182,804$6,947$10,771$8,0001$10,771$3,007—
2022$183,465$4,585$9,946$6,0001———
2021$220,394$15,273$6,388$3,6001———
2020$187,847$5,489$5,453$2,8001———

Under IRS private-foundation payout rules, Florence Frisbie Scholarship Fund reported a distributable amount of $10K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Florence Frisbie Scholarship Fund's only listed officer is Cherokee State Bank, Trustee on every filing since 2020 (compensated).

Officers on the 2025 filing

  • Cherokee State Bank

    Trustee

    On filings since 2020

    5 hrs/week

    $2K (2020) → $3K (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

Cherokee State Bank — trustee: $3KCherokee State Banktrustee$3K

The highest reported compensation on the 2025 filing was $3K, to Cherokee State Bank (trustee).

Frequently asked questions about Florence Frisbie Scholarship Fund

How much does Florence Frisbie Scholarship Fund give each year?

Florence Frisbie Scholarship Fund gave $8K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8K across 1 grant.

How large is Florence Frisbie Scholarship Fund?

Florence Frisbie Scholarship Fund reported $209K in total assets on its 2025 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $10K (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 Florence Frisbie Scholarship Fund?

Florence Frisbie Scholarship Fund is a private foundation focused on Education, based in Cherokee, IA. It holds $209K in total assets as of 2025.

Where does Florence Frisbie Scholarship Fund operate?

Florence Frisbie Scholarship Fund has awarded grants in Iowa.

What is Florence Frisbie Scholarship Fund's EIN?

Florence Frisbie Scholarship Fund's EIN (Employer Identification Number) is 42-6615574. 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.

Data update history

(6)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS April 28, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 28, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Florence Frisbie Scholarship Fund'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.

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