Fred T & Maxine Humes Memorial Scholarship Trust
The Fred T & Maxine Humes Memorial Scholarship Trust is a private foundation based in North Manchester, Indiana. Its reported grantmaking supports college scholarships for individual recipients in Indiana.
Fred T & Maxine Humes Memorial Scholarship Trust at a glance
In short: Fred T & Maxine Humes Memorial Scholarship Trust gave $137K across 26 grants in 2024 (avg $5K), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $137,292
- +17.9% vs 2023
- Grants made (2024)
- 26
- +13.0% vs 2023
- Average grant
- $5,280
- +4.3% vs 2023
- Median grant
- $5,000
- Total assets
- $2,241,772
- +2.5% vs 2023
- Primary geography
- Indiana (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Fred T & Maxine Humes Memorial Scholarship Trust
- How to Apply
-
The 2023 filing says applications were available in the guidance office at Carroll Jr-Sr High School. The listed materials included personal and family information, community, work, and school activities, two recommendation forms with letters, academic certification, student and parent/guardian certifications and agreements, and a career and ability essay outline. Applicants also had to provide an official transcript with SAT and/or ACT scores and a FAFSA SAR report showing expected family contribution. The filing’s restrictions required applicants to be graduating Carroll Jr-Sr High School seniors or current scholarship recipients seeking renewal; accepted as full-time students in an accredited baccalaureate or vocational program beginning by the following fall; and submit a completed application to the school’s main office by the third Friday in March. It also excluded applicants with specified family relationships to a member of the scholarship selection committee. These instructions are from a 2023 filing and do not establish a current application cycle.
- Review Cycle
- The filing lists March 15. This deadline is past; the filing also specifies submission by the third Friday in March.
- Deadline
- The filing lists March 15.
- Contact
Application contact: Wealth Mngt Office
Mailing address: First Financial Bank, 4 E Main St, Flora, IN 46929
Phone: (888) 452-1744
Email: mallory.sanders@bankatfirst.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Fred T & Maxine Humes Memorial Scholarship Trust funds
How this funder distributes its grants
Grant Size Distribution
117 grants across all recorded years
The most common grant size was under $50K: 117 grants of 117 (100%).
Geographic Focus
Where this funder awards grants
All reported grant dollars in 2024 went to recipients in Indiana.
Grant Distribution by State
Share of 2024 grant dollars across all 26 itemized grants.
States
Cities
How Fred T & Maxine Humes Memorial Scholarship Trust gives
- Giving held roughly steady from 2021 to 2024 (+17%). Method
- In 2024 it paid out 121% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $114K (2022) to $137K (2024). In 2024 it made 26 grants totaling $137K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 26 individual scholarships Recipients not named | — | $137,292 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,241,772 | $227,356 | $175,264 | $137,292 | 26 | $153,552 | $205,645 | $126,647 |
| 2023 | $2,187,180 | $50,665 | $153,884 | $116,431 | 23 | $130,770 | $46,602 | $124,428 |
| 2022 | $2,290,399 | $182,364 | $157,545 | $113,694 | 23 | $133,111 | $158,180 | $134,905 |
| 2021 | $2,265,580 | $184,088 | $156,560 | $117,507 | 23 | — | $162,656 | $145,570 |
| 2020 | $2,238,052 | $96,488 | $164,568 | $128,486 | 22 | — | $77,461 | $144,660 |
Under IRS private-foundation payout rules, Fred T & Maxine Humes Memorial Scholarship Trust reported a distributable amount of $127K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No formal mission statement is provided. The 2024 filing lists college scholarships as the purpose of its largest grants.
Grantmaking
In filing year 2024, the trust reported 26 grants totaling $137,292. The median grant was $5,000; grants ranged from $1,000 to $10,371. All reported grant dollars went to recipients in Indiana. The largest listed awards were to individual recipients: one of $10,371, four of $10,000, and one of $9,361, each for a college scholarship.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists First Financial Bank as trustee.
Fred T & Maxine Humes Memorial Scholarship Trust's only listed officer is First Financial Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2024 filing
First Financial Bank
Trustee
On filings since 2020
4 hrs/week
$32K (2020) → $34K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $34K, to First Financial Bank (Trustee).
Frequently asked questions about Fred T & Maxine Humes Memorial Scholarship Trust
How much does Fred T & Maxine Humes Memorial Scholarship Trust give each year?
Fred T & Maxine Humes Memorial Scholarship Trust gave $137K across 26 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $116K across 23 grants.
What is Fred T & Maxine Humes Memorial Scholarship Trust's typical grant size?
Fred T & Maxine Humes Memorial Scholarship Trust's median grant in 2024 was $5,000, and its average grant was $5,280, across 26 grants on its 2024 IRS Form 990-PF.
Where does Fred T & Maxine Humes Memorial Scholarship Trust give grants?
Fred T & Maxine Humes Memorial Scholarship Trust gives mostly in Indiana: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Fred T & Maxine Humes Memorial Scholarship Trust give general operating support?
Not in 2024: none of the 26 grants with a stated purpose on Fred T & Maxine Humes Memorial Scholarship Trust's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "College Scholarship" (26 grants).
How large is Fred T & Maxine Humes Memorial Scholarship Trust?
Fred T & Maxine Humes Memorial Scholarship Trust reported $2.2M in total assets on its 2024 IRS Form 990-PF. It paid out $154K in qualifying distributions that year, against a required minimum of $127K (roughly 5% of its investment assets).
What does Fred T & Maxine Humes Memorial Scholarship Trust fund?
No formal mission statement is provided. The 2024 filing lists college scholarships as the purpose of its largest grants. See mission & focus areas ↑
How do I apply for a grant from Fred T & Maxine Humes Memorial Scholarship Trust?
The 2023 filing says applications were available in the guidance office at Carroll Jr-Sr High School. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Fred T & Maxine Humes Memorial Scholarship Trust's EIN?
Fred T & Maxine Humes Memorial Scholarship Trust's EIN (Employer Identification Number) is 45-6568012. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 29, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 22, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 8, 2025)
- IRS filings on file for fiscal years 2020–2024
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