Frank and Elizabeth Schafer Scholarship Fund
The Frank and Elizabeth Schafer Scholarship Fund is a private foundation based in Milwaukee, Wisconsin. Its 2024 filing describes its awards as educational scholarships for graduates of Owensville High School in Owensville, Missouri; its 2025 filing lists grants to colleges and universities for scholarships.
Frank and Elizabeth Schafer Scholarship Fund at a glance
In short: Frank and Elizabeth Schafer Scholarship Fund gave $25K across 10 grants in 2025 (avg $2K), mostly in Missouri. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $24,650
- -42.0% vs 2024
- Grants made (2025)
- 10
- +25.0% vs 2024
- Average grant
- $2,465
- -53.6% vs 2024
- Median grant
- $1,700
- Total assets
- $477,653
- -0.3% vs 2024
- Primary geography
- Missouri (79% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Frank and Elizabeth Schafer Scholarship Fund
- How to Apply
-
The 2024 filing says to contact the Superintendent of Schools in Owensville for an application form. It identifies the restriction as scholarships for graduates of Owensville High School in Owensville, Missouri.
- Review Cycle
- The filing directs applicants to contact the Superintendent of Schools in Owensville for the deadline.
- Deadline
- The filing directs applicants to contact the Superintendent of Schools in Owensville for the deadline.
- Contact
Application contact: Superintendent Of Schools Owensvill
Mailing address: 3336 Highway 19, Owensville, MO 65066
Phone: (573) 437-2174
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Frank and Elizabeth Schafer Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was University of Mo - Columbia ($8K). Together the top 9 received $24K.
Organizations only. It also paid 1 individual scholarship ($850), which are not listed by name.
Grant Size Distribution
41 grants across all recorded years
The most common grant size was under $50K: 41 grants of 41 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 79% of grant dollars went to recipients in Missouri. Recipients in Nebraska, South Carolina, and Tennessee each received 7% of grant dollars.
Grant Distribution by State
Share of 2025 grant dollars across all 10 itemized grants.
Cities
How Frank and Elizabeth Schafer Scholarship Fund gives
- Giving fell 30% from 2022 to 2025. Method
- In 2025 it paid out 95% 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
From 2021 to 2025, annual grant giving ranged from $15K (2023) to $43K (2024). In 2025 it made 10 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Mo - Columbia Columbia, MO | Scholarship | $7,650 |
| University of Central Missouri Warrensburg, MO | Scholarship | $3,400 |
| Mo State University Springfield, MO | Scholarship | $3,400 |
| East Central College Union, MO | Scholarship | $1,700 |
| Central Methodist University Fayette, MO | Scholarship | $1,700 |
| Creighton University Omaha, NE | Scholarship | $1,700 |
| Columbia College Columbia, SC | Scholarship | $1,700 |
| Freedhardeman University Henderson, TN | Scholarship | $1,700 |
| University of Missouri St Louis St. Louis, MO | Scholarship | $850 |
| 1 individual scholarship Recipients not named | — | $850 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $477,653 | $33,265 | $34,545 | $24,650 | 10 | $25,610 | $24,590 | $26,925 |
| 2024 | $478,936 | $17,622 | $56,908 | $42,508 | 8 | $43,508 | $8,378 | $26,563 |
| 2023 | $518,225 | $12,386 | $26,836 | $14,500 | 8 | $15,500 | $5,981 | $25,248 |
| 2022 | $532,681 | $29,566 | $48,016 | $35,351 | 7 | $36,378 | $20,216 | $29,889 |
| 2021 | $551,073 | $77,856 | $32,351 | $16,000 | 8 | — | $68,768 | $27,957 |
Under IRS private-foundation payout rules, Frank and Elizabeth Schafer Scholarship Fund reported a distributable amount of $27K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No separate mission statement is provided. The fund’s filing identifies educational scholarships for Owensville High School graduates as its award restriction. Its 2025 grants went to colleges and universities. Among those recipients, Central Methodist University describes its work as fostering a diverse, caring community and preparing students for a complex world; Freed-Hardeman University describes itself as a private school associated with Churches of Christ that emphasizes students’ physical and spiritual development; Columbia College describes its educational opportunities as developing critical thought, lifelong learning, personal responsibility, service, and social justice; and Creighton University describes itself as a Catholic and Jesuit comprehensive university.
Grantmaking
In 2025, the fund made 10 grants totaling $24,650. Grant amounts ranged from $850 to $7,650, with a median of $1,700. The largest awards were $7,650 to the University of Missouri–Columbia, $3,400 each to the University of Central Missouri and Missouri State University, and $1,700 each to East Central College and Central Methodist University. Other 2025 recipients included Creighton University, Columbia College, and Freed-Hardeman University, each receiving $1,700.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists U.S. Bank N.A. as trustee.
Frank and Elizabeth Schafer Scholarship Fund's only listed officer is US Bank N A, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2023
1 hr/week
$10K (2023) → $10K (2025)
Former officers (1)
- Former: US Bank (2021–2022) — Trustee
Data from IRS Form 990 filings, 2021–2025. "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 $10K, to US Bank N a (Trustee).
Frequently asked questions about Frank and Elizabeth Schafer Scholarship Fund
How much does Frank and Elizabeth Schafer Scholarship Fund give each year?
Frank and Elizabeth Schafer Scholarship Fund gave $25K across 10 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $43K across 8 grants.
What is Frank and Elizabeth Schafer Scholarship Fund's typical grant size?
Frank and Elizabeth Schafer Scholarship Fund's median grant in 2025 was $1,700, and its average grant was $2,465, across 10 grants on its 2025 IRS Form 990-PF.
Where does Frank and Elizabeth Schafer Scholarship Fund give grants?
Frank and Elizabeth Schafer Scholarship Fund gives mostly in Missouri: 79% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Nebraska (7%) and South Carolina (7%).
Does Frank and Elizabeth Schafer Scholarship Fund give general operating support?
Not in 2025: none of the 10 grants with a stated purpose on Frank and Elizabeth Schafer Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (10 grants).
Who are Frank and Elizabeth Schafer Scholarship Fund's largest grantees?
Frank and Elizabeth Schafer Scholarship Fund's largest 2025 grantees include University of Mo - Columbia ($7,650), University of Central Missouri ($3,400) and Mo State University ($3,400), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($850), which are not listed by name. Together they received 59% of its itemized 2025 grant dollars.
How large is Frank and Elizabeth Schafer Scholarship Fund?
Frank and Elizabeth Schafer Scholarship Fund reported $478K in total assets on its 2025 IRS Form 990-PF. It paid out $26K in qualifying distributions that year, against a required minimum of $27K (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 does Frank and Elizabeth Schafer Scholarship Fund fund?
No separate mission statement is provided. The fund’s filing identifies educational scholarships for Owensville High School graduates as its award restriction. Its 2025 grants went to colleges and universities. See mission & focus areas ↑
How do I apply for a grant from Frank and Elizabeth Schafer Scholarship Fund?
The 2024 filing says to contact the Superintendent of Schools in Owensville for an application form. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Frank and Elizabeth Schafer Scholarship Fund's EIN?
Frank and Elizabeth Schafer Scholarship Fund's EIN (Employer Identification Number) is 43-6294428. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 10, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 29, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS November 10, 2025)
- IRS filings on file for fiscal years 2021–2025
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Frank and Elizabeth Schafer 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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