Gem City Scholarship Foundation
Gem City Scholarship Foundation is a private foundation based in Quincy, Illinois. Established in 1986, the organization operates as a 501(c)(3) nonprofit with tax-exempt status since July 1987.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.6M
-5.0% YoY
Annual Giving
$199K
-8.2% YoY
Grant Count
37
-15.9% YoY
Avg Grant Size
$5K
+9.2% YoY
Grantmaking
The foundation distributes scholarships to students through a competitive application process. Applicants are required to submit an application that provides personal information to the foundation.
Grant Range
$5,200
How to Apply
. Applicants are required to submit an application that provides personal information to the foundation.
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Geographic Focus
Where this funder awards grants
The foundation operates in Quincy, Illinois and surrounding areas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total assets: $1.6 million
- Most recent tax filing: June 2024 (filed December 2025)
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,570,172 | $1,652,678 | $1,767,813 |
| Revenue | $80,915 | $199,989 | $89,113 |
| Expenses | $226,931 | $238,890 | $227,992 |
| Qualifying Distributions | $208,170 | $223,814 | $208,779 |
| Net Investment Income | $57,452 | $184,913 | $71,811 |
| Distributable Amount | $78,372 | $78,858 | $88,154 |
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 2025
Grant Size Distribution
202 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by a volunteer board of directors with limited paid staffing:
- Michael Mahair, Director/President
- Carl Adams, Director/Vice President
- William Brown, Director/Treasurer
- Janice Miller, Director/Secretary
- Mark Cassens, Director
- Russell Hagenah, Director
- Ryan Hagenah, Director
- Rod Cookson, Director
All board members serve on a volunteer basis with no annual compensation.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL MAHAIR | DIRECTOR/PRE | 2 | — |
| CARL ADAMS | DIRECTOR/VP | 2 | — |
| WILLIAM BROWN | DIRECTOR/TRE | 2 | — |
| JANICE MILLER | DIRECTOR/SEC | 2 | — |
| MARK CASSENS | DIRECTOR | 1 | — |
| RUSSELL HAGENAH | DIRECTOR | 1 | — |
| RYAN HAGENAH | DIRECTOR | 1 | — |
| ROD COOKSON | DIRECTOR | 1 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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