Frank H Mills Scholarship Trust is a private foundation focused on Education, based in NILES, OH. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $479K in total assets. In 2024, it awarded 11 grants totaling $58K. Net investment income was $13K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$479K
-7.8% YoY
Annual Giving
$58K
+93.3% YoY
Grant Count
11
+57.1% YoY
Avg Grant Size
$5K
+23.0% YoY
Under IRS private-foundation payout rules, Frank H Mills Scholarship Trust reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.
About Frank H Mills Scholarship Trust
Based on IRS filings
Frank H Mills Scholarship Trust is a private foundation focused on Education, based in NILES, OH. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $479K in total assets. In 2024, it awarded 11 grants totaling $58K. Net investment income was $13K.
Focus Areas
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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 | $479,204 | $520,001 | $593,303 |
| Revenue | $30,296 | $34,201 | $32,353 |
| Expenses | $72,397 | $43,605 | $28,412 |
| Qualifying Distributions | $58,000 | $30,000 | $14,000 |
| Net Investment Income | $13,285 | $18,561 | — |
| Distributable Amount | $24,378 | $24,969 | $25,708 |
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
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Helnselman - Kent State University ($7,000), Arnaut - Ohio State University ($6,000), Snider - Youngstown State Univ ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARNAUT - OHIO STATE UNIVERSITY COLUMBUS, OH | SCHOLARSHIP | $6,000 |
| KIERNAN - UNIVERSITY OF COLORADO BOULDER, CO | SCHOLARSHIP | $4,000 |
| SNIDER - YOUNGSTOWN STATE UNIV YOUNGSTOWN, OH | SCHOLARSHIP | $6,000 |
| RIES - OHIO STATE UNIVERSITY COLUMBUS, OH | SCHOLARSHIP | $6,000 |
| ERWIN - OHIO STATE UNIVERSITY COLUMBUS, OH | SCHOLARSHIP | $6,000 |
| ROSSI - OHIO STATE UNIVERSITY COLUMBUS, OH | SCHOLARSHIP | $4,000 |
| THIGPEN - KENT STATE UNIVERSITY KENT, OH | SCHOLARSHIP | $6,000 |
| HELNSELMAN - KENT STATE UNIVERSITY KENT, OH | SCHOLARSHIP | $7,000 |
| CIMINERO - MARIETTA COLLEGE MARIETTA, OH | SCHOLARSHIP | $3,000 |
| STARKEY - BALDWIN WALLACE BEREA, OH | SCHOLARSHIP | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BILLIE P NEUMAN | CO-TRUSTEE | — | — |
| DOUGLAS J NEUMAN | CO-TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Frank H Mills Scholarship Trust?
Frank H Mills Scholarship Trust is a private foundation focused on Education, based in NILES, OH. It holds $479K in total assets as of 2024.
How large is Frank H Mills Scholarship Trust?
As of 2024, Frank H Mills Scholarship Trust holds $479K in total assets with $30K in annual revenue. It awarded 11 grants totaling $58K in 2024.
Where does Frank H Mills Scholarship Trust operate?
Frank H Mills Scholarship Trust has awarded grants in Colorado, Kentucky, Ohio.
What size grants does Frank H Mills Scholarship Trust award?
In 2024, Frank H Mills Scholarship Trust awarded 11 grants totaling $58K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Frank H Mills Scholarship Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank H Mills Scholarship Trust reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Frank H Mills Scholarship Trust's EIN?
Frank H Mills Scholarship Trust's EIN (Employer Identification Number) is 86-6635905. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Frank H Mills Scholarship Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.