Frank & Alice Godeke Scholarship
Frank & Alice Godeke Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OLNEY, IL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $566K in total assets. In 2025, it awarded 4 grants totaling $50K. Net investment income was $25K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$566K
-5.8% YoY
Annual Giving
$50K
+25.0% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$13K
+25.0% YoY
Under IRS private-foundation payout rules, Frank & Alice Godeke Scholarship reported a distributable amount of $57K for 2025 — the minimum it must pay out in qualifying distributions.
About Frank & Alice Godeke Scholarship
Based on IRS filings
Frank & Alice Godeke Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OLNEY, IL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $566K in total assets. In 2025, it awarded 4 grants totaling $50K. Net investment income was $25K.
Focus Areas
Ready to take the next step with Frank & Alice Godeke Scholarship?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $566,112 | $601,055 | $626,890 |
| Revenue | $28,611 | $27,105 | $26,859 |
| Expenses | $63,554 | $52,940 | $56,131 |
| Qualifying Distributions | $60,098 | $49,616 | $53,100 |
| Net Investment Income | $25,155 | $23,781 | $23,828 |
| Distributable Amount | $56,762 | $52,746 | $49,531 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
Grant Size Distribution
21 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Zoe Alexander ($12,500), Colleen Steber ($12,500), Claire Vaal ($12,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ZOE ALEXANDER OLNEY, IL | SCHOLARSHIP TO FURTHER COLLEGE EDUCA | $12,500 |
| COLLEEN STEBER CLAREMONT, IL | SCHOLARSHIP TO FURTHER COLLEGE EDUCA | $12,500 |
| CLAIRE VAAL OLNEY, IL | SCHOLARSHIP TO FURTHER COLLEGE EDUCA | $12,500 |
| GRAYCE BURGENER OLNEY, IL | SCHOLARSHIP TO FURTHER COLLEGE EDUCA | $12,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CO FIRST NATAIONAL BANK IN OLNEY | TRUSTEE | 5 | $12,497 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frank & Alice Godeke Scholarship?
Frank & Alice Godeke Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OLNEY, IL. It holds $566K in total assets as of 2025.
How large is Frank & Alice Godeke Scholarship?
As of 2025, Frank & Alice Godeke Scholarship holds $566K in total assets with $29K in annual revenue. It awarded 4 grants totaling $50K in 2025.
Where does Frank & Alice Godeke Scholarship operate?
Frank & Alice Godeke Scholarship has awarded grants in Illinois.
What size grants does Frank & Alice Godeke Scholarship award?
In 2025, Frank & Alice Godeke Scholarship awarded 4 grants totaling $50K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Frank & Alice Godeke Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Frank & Alice Godeke Scholarship reported a distributable amount of $57K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frank & Alice Godeke Scholarship's EIN?
Frank & Alice Godeke Scholarship's EIN (Employer Identification Number) is 86-6325011. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Frank & Alice Godeke Scholarship's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Chicago Community Trust
CHICAGO, IL
Assets
$6.0B
Grants
3,976
Total Given
$1.4B
Arthur J Gallagher Foundation
ROLLING MEADOWS, IL
Assets
—
Grants
2,692
Total Given
$1.6M
The Allstate Foundation
NORTHBROOK, IL
Assets
—
Grants
2,010
Total Given
$38.0M
Elks National Foundation Inc
CHICAGO, IL
Assets
$885.0M
Grants
1,485
Total Given
$31.9M
Baxter International Foundation
DEERFIELD, IL
Assets
$67.5M
Grants
1,300
Total Given
$13.7M
John D and Catherine T Macarthur
CHICAGO, IL
Assets
$9.3B
Grants
1,086
Total Given
$356.1M
Arie and Ida Crown Memorial
CHICAGO, IL
Assets
—
Grants
897
Total Given
$115.2M
Jewish Federation of Metropolitan
CHICAGO, IL
Assets
$1.1B
Grants
839
Total Given
$176.8M
Polk Bros Foundation Inc
CHICAGO, IL
Assets
—
Grants
676
Total Given
$24.5M
Circle of Service Foundation
CHICAGO, IL
Assets
—
Grants
637
Total Given
$37.0M
Ea Mellinger Educational
MONMOUTH, IL
Assets
$23.3M
Grants
556
Total Given
$1.1M
Helen V Brach Foundation
CHICAGO, IL
Assets
$127.9M
Grants
553
Total Given
$5.9M
More Funders in Illinois
Data last updated April 2026. Sourced from IRS Form 990-PF filings.