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 2020 through 2024. As of 2024, the organization holds $60K in total assets. In 2024, it awarded 2 grants totaling $2K. Net investment income was $750.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$60K
-3.6% YoY
Annual Giving
$2K
-59.7% YoY
Grant Count
2
-77.8% YoY
Avg Grant Size
$775
+81.2% YoY
Under IRS private-foundation payout rules, Florence M Ramsey Memorial Scholarship reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About Florence M Ramsey Memorial Scholarship
Based on IRS filings
Florence M Ramsey Memorial Scholarship is a private foundation focused on Education, based in MATTOON, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $60K in total assets. In 2024, it awarded 2 grants totaling $2K. Net investment income was $750.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $60,074 | $62,338 | $45,291 |
| Revenue | $3,047 | $24,288 | $2,035 |
| Expenses | $5,311 | $7,241 | $5,171 |
| Qualifying Distributions | $2,708 | $4,990 | $3,162 |
| Net Investment Income | $750 | $22,039 | $135 |
| Distributable Amount | $4,224 | $3,703 | $4,155 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jerika Morgan ($775), Kyah Minnich-eastin ($775).
| Recipient | Purpose | Amount |
|---|---|---|
| JERIKA MORGAN MATTOON, IL | TO ASSIST WITH THE EXPENSES OF HIGHER EDUCATION | $775 |
| KYAH MINNICH-EASTIN URBANA, IL | TO ASSIST WITH THE EXPENSES OF HIGHER EDUCATION | $775 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WASHINGTON SAVINGS BANK | TRUSTEE | 1 | $2,515 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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 $60K in total assets as of 2024.
How large is Florence M Ramsey Memorial Scholarship?
As of 2024, Florence M Ramsey Memorial Scholarship holds $60K in total assets with $3K in annual revenue. It awarded 2 grants totaling $2K in 2024.
Where does Florence M Ramsey Memorial Scholarship operate?
Florence M Ramsey Memorial Scholarship has awarded grants in Illinois.
What size grants does Florence M Ramsey Memorial Scholarship award?
In 2024, Florence M Ramsey Memorial Scholarship awarded 2 grants totaling $2K — an average of about $775 per grant, based on its IRS Form 990 filings.
How much is Florence M Ramsey Memorial Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Florence M Ramsey Memorial Scholarship reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.