Florence M Ramsey Memorial Scholarship
Florence M Ramsey Memorial Scholarship is a private foundation focused on Education, based in Mattoon, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $66K in total assets. In 2025, it awarded 2 grants totaling $3K. Net investment income was $10K.
Key facts about Florence M Ramsey Memorial Scholarship
In short: Florence M Ramsey Memorial Scholarship gave $3K across 2 grants in 2025 (avg $2K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- EIN
- 37-1334638
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $3,100
- Grants made (2025)
- 2
- Average grant
- $1,550
- Median grant
- $1,550
- Total assets
- $66,190
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$66K
+10.2% YoY
Annual Giving
$3K
+100.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$2K
+100.0% YoY
Under IRS private-foundation payout rules, Florence M Ramsey Memorial Scholarship reported a distributable amount of $4K for 2025 — the minimum it must pay out in qualifying distributions.
How Florence M Ramsey Memorial Scholarship gives
- Giving grew 41% from 2022 to 2025. Method
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $2K (2024) to $4K (2020). In 2025 it made 2 grants totaling $3K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Noah Noble ($2K). Together the top 2 received $3K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 31 grants of 31 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Noah Noble Mattoon, IL | To Assist with Expenses of Higher Education | $1,550 |
| William Pullen Mattoon, IL | To Assist with the Expenses of Higher Education | $1,550 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $66,190 | $60,074 | $62,338 |
| Revenue | $11,778 | $3,047 | $24,288 |
| Expenses | $6,437 | $5,311 | $7,241 |
| Qualifying Distributions | $4,216 | $2,708 | $4,990 |
| Net Investment Income | $9,567 | $750 | $22,039 |
| Distributable Amount | $4,187 | $4,224 | $3,703 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 11, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 2, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 5, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
Leadership & Key People
Officers and directors from IRS filings
Florence M Ramsey Memorial Scholarship's only listed officer is Washington Savings Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Washington Savings Bank
Trustee
On filings since 2021
1 hr/week
$2K (2021) → $2K (2025)
Former officers (1)
- Former: First National Bank (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 $2K, to Washington Savings Bank (Trustee).
Frequently asked questions about Florence M Ramsey Memorial Scholarship
How much does Florence M Ramsey Memorial Scholarship give each year?
Florence M Ramsey Memorial Scholarship gave $3K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2K across 2 grants.
How large is Florence M Ramsey Memorial Scholarship?
Florence M Ramsey Memorial Scholarship reported $66K in total assets on its 2025 IRS Form 990-PF. It paid out $4K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).
What is Florence M Ramsey Memorial Scholarship?
Florence M Ramsey Memorial Scholarship is a private foundation focused on Education, based in Mattoon, IL. It holds $66K in total assets as of 2025.
Where does Florence M Ramsey Memorial Scholarship operate?
Florence M Ramsey Memorial Scholarship has awarded grants in Illinois.
What is Florence M Ramsey Memorial Scholarship's EIN?
Florence M Ramsey Memorial Scholarship's EIN (Employer Identification Number) is 37-1334638. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Florence M Ramsey Memorial Scholarship by hand.
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