Foster and Maralee Overcash Scholarship Trust
Foster and Maralee Overcash Scholarship Trust is a private foundation, based in CANTON, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $628K in total assets. In 2024, it awarded 13 grants totaling $57K. Net investment income was $20K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$628K
-5.5% YoY
Annual Giving
$57K
-7.3% YoY
Grant Count
13
-7.1% YoY
Avg Grant Size
$4K
-0.2% YoY
Under IRS private-foundation payout rules, Foster and Maralee Overcash Scholarship Trust reported a distributable amount of $55K for 2024 — the minimum it must pay out in qualifying distributions.
About Foster and Maralee Overcash Scholarship Trust
Based on IRS filings
Foster and Maralee Overcash Scholarship Trust is a private foundation, based in CANTON, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $628K in total assets. In 2024, it awarded 13 grants totaling $57K. Net investment income was $20K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $628,108 | $664,822 | $700,630 |
| Revenue | $29,677 | $34,595 | $9,669 |
| Expenses | $66,087 | $70,372 | $60,547 |
| Qualifying Distributions | $57,000 | $61,500 | $52,500 |
| Net Investment Income | $19,828 | $23,841 | $13,849 |
| Distributable Amount | $55,053 | $53,034 | $51,425 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
62 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Illinois ($12,000), Illinois Wesleyan University ($9,000), Western Illinois University ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Bradley University Peoria, IL | SCHOLARSHIP FOR CANTON HIGH | $1,500 |
| Loyola University Chicago Chicago, IL | SCHOLARSHIP FOR CANTON HIGH | $3,000 |
| Elmhurst University Elmhurst, IL | SCHOLARSHIP FOR CANTON HIGH | $3,000 |
| Olivet Nazarene University Bourbonnais, IL | SCHOLARSHIP FOR CANTON HIGH | $3,000 |
| Illinois College Jacksonville, IL | SCHOLARSHIP FOR CANTON HIGH | $3,000 |
| Monmouth College Monmouth, IL | SCHOLARSHIP FOR CANTON HIGH | $3,000 |
| Illinois Wesleyan University Bloomington, IL | SCHOLARSHIP FOR CANTON HIGH | $9,000 |
| Western Illinois University Macomb, IL | SCHOLARSHIP FOR CANTON HIGH | $6,000 |
| University of Illinois Urbana, IL | SCHOLARSHIP FOR CANTON HIGH | $12,000 |
| Southern Illinois University-Carbondale Carbondale, IL | SCHOLARSHIP FOR CANTON HIGH | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Patrick Carter | Trustee | 1 | — |
| Gary Barnhart | Trustee | 1 | — |
| Superintendent-Canton Union Schools | Trustee | 1 | — |
Frequently Asked Questions
How large is Foster and Maralee Overcash Scholarship Trust?
As of 2024, Foster and Maralee Overcash Scholarship Trust holds $628K in total assets with $30K in annual revenue. It awarded 13 grants totaling $57K in 2024.
Where does Foster and Maralee Overcash Scholarship Trust operate?
Foster and Maralee Overcash Scholarship Trust has awarded grants in Arizona, Iowa, Illinois, Missouri, Pennsylvania.
What size grants does Foster and Maralee Overcash Scholarship Trust award?
In 2024, Foster and Maralee Overcash Scholarship Trust awarded 13 grants totaling $57K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Foster and Maralee Overcash Scholarship Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Foster and Maralee Overcash Scholarship Trust reported a distributable amount of $55K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Foster and Maralee Overcash Scholarship Trust's EIN?
Foster and Maralee Overcash Scholarship Trust's EIN (Employer Identification Number) is 37-6304824. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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