Froman Scholarship Trust XXX-XX-XXXX
Froman Scholarship Trust XXX-XX-XXXX is a private foundation, based in Evansville, IN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $156K in total assets. In 2025, it awarded 4 grants totaling $4K. Net investment income was $8K.
Froman Scholarship Trust XXX-XX-XXXX at a glance
In short: Froman Scholarship Trust XXX-XX-XXXX gave $4K across 4 grants in 2025 (avg $1K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,000
- +33.3% vs 2024
- Grants made (2025)
- 4
- +33.3% vs 2024
- Average grant
- $1,000
- +0.0% vs 2024
- Median grant
- $1,000
- Total assets
- $156,149
- +0.1% vs 2024
- Primary geography
- Illinois (50% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Froman Scholarship Trust XXX-XX-XXXX funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was University of Illinois ($1K). Together the top 4 received $4K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Froman Scholarship Trust XXX-XX-XXXX gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 83% 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 2019 to 2025, annual grant giving ranged from $3K (2024) to $11K (2020). In 2025 it made 4 grants totaling $4K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Illinois Champaign, IL | Scholarships | $1,000 |
| Wabash Valley College Mt Carmel, IL | Scholarships | $1,000 |
| Murray State University Murray, KY | Scholarships | $1,000 |
| University of Kentucky Lexington, KY | Scholarships | $1,000 |
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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 | $156,149 | $8,909 | $8,638 | $4,000 | 4 | $7,807 | $8,078 | $9,426 |
| 2024 | $155,982 | $11,536 | $7,825 | $3,000 | 3 | $6,622 | $10,624 | $8,747 |
| 2023 | $152,272 | $17,362 | $7,750 | $4,000 | 4 | $7,231 | $16,753 | $7,606 |
| 2022 | $142,676 | $6,353 | $7,838 | $4,000 | 3 | $7,081 | $5,893 | $7,838 |
| 2021 | $144,162 | $18,798 | $10,763 | $7,000 | 4 | $10,066 | $18,344 | $10,776 |
| 2020 | $136,128 | $13,638 | $14,672 | $11,000 | 4 | — | $13,188 | $7,697 |
| 2019 | $137,160 | $14,238 | $17,404 | $10,000 | 5 | — | $13,705 | $8,062 |
Under IRS private-foundation payout rules, Froman Scholarship Trust XXX-XX-XXXX reported a distributable amount of $9K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Froman Scholarship Trust XXX-XX-XXXX's only listed officer is OLD National Wealth Management, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
OLD National Wealth Management
Trustee
On filings since 2019
1 hr/week
$3K (2019) → $3K (2025)
Data from IRS Form 990 filings, 2019–2025. "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 $3K, to Old National Wealth Management (Trustee).
Frequently asked questions about Froman Scholarship Trust XXX-XX-XXXX
How much does Froman Scholarship Trust XXX-XX-XXXX give each year?
Froman Scholarship Trust XXX-XX-XXXX gave $4K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3K across 3 grants.
What is Froman Scholarship Trust XXX-XX-XXXX's typical grant size?
Froman Scholarship Trust XXX-XX-XXXX's median grant in 2025 was $1,000, and its average grant was $1,000, across 4 grants on its 2025 IRS Form 990-PF.
Where does Froman Scholarship Trust XXX-XX-XXXX give grants?
Froman Scholarship Trust XXX-XX-XXXX gives mostly in Illinois: 50% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Kentucky (50%).
Does Froman Scholarship Trust XXX-XX-XXXX give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Froman Scholarship Trust XXX-XX-XXXX's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (4 grants).
How large is Froman Scholarship Trust XXX-XX-XXXX?
Froman Scholarship Trust XXX-XX-XXXX reported $156K in total assets on its 2025 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $9K (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 is Froman Scholarship Trust XXX-XX-XXXX's EIN?
Froman Scholarship Trust XXX-XX-XXXX's EIN (Employer Identification Number) is 37-6375786. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 7, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Froman Scholarship Trust XXX-XX-XXXX funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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