Gilpatrick Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SPEARMAN, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $504K in total assets. In 2024, it awarded 18 grants totaling $29K. Net investment income was $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$504K
-4.2% YoY
Annual Giving
$29K
+35.0% YoY
Grant Count
18
+28.6% YoY
Avg Grant Size
$2K
+5.0% YoY
Under IRS private-foundation payout rules, Gilpatrick Scholarship Trust reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.
About Gilpatrick Scholarship Trust
Based on IRS filings
Gilpatrick Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SPEARMAN, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $504K in total assets. In 2024, it awarded 18 grants totaling $29K. Net investment income was $17K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $503,718 | $525,632 | $530,524 |
| Revenue | $17,328 | $18,365 | $4,848 |
| Expenses | $39,242 | $23,257 | $36,660 |
| Qualifying Distributions | $36,451 | $21,560 | $34,513 |
| Net Investment Income | $16,941 | $18,365 | $4,507 |
| Distributable Amount | $24,921 | $25,508 | $26,915 |
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
60 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Aubrey Beck ($2,156), Bailey Blaemhof ($2,156), Callie Conyers ($2,156).
| Recipient | Purpose | Amount |
|---|---|---|
| GRACEE GROTEGUT GRUVER, TX | EDUCATION | $1,078 |
| REID HARRELL SPEARMAN, TX | EDUCATION | $1,078 |
| BRAYLEN LUSBY SPEARMAN, TX | EDUCATION | $1,078 |
| AUBREY BECK SPEARMAN, TX | EDUCATION | $2,156 |
| BAILEY BLAEMHOF GRUVER, TX | EDUCATION | $2,156 |
| BRENNA BUTLER GRUVER, TX | EDUCATION | $1,078 |
| CALLIE CONYERS GRUVER, TX | EDUCATION | $2,156 |
| HUNTER HAYNES GRUVER, TX | EDUCATION | $2,156 |
| IVEE CHITTY GRUVER, TX | EDUCATION | $2,156 |
| JOSELINE MARIN ELARENA SPEARMAN, TX | EDUCATION | $1,078 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FIRST STATE BANK | TRUSTEE | 1 | $7,732 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gilpatrick Scholarship Trust?
Gilpatrick Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SPEARMAN, TX. It holds $504K in total assets as of 2024.
How large is Gilpatrick Scholarship Trust?
As of 2024, Gilpatrick Scholarship Trust holds $504K in total assets with $17K in annual revenue. It awarded 18 grants totaling $29K in 2024.
Where does Gilpatrick Scholarship Trust operate?
Gilpatrick Scholarship Trust has awarded grants in Texas.
What size grants does Gilpatrick Scholarship Trust award?
In 2024, Gilpatrick Scholarship Trust awarded 18 grants totaling $29K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Gilpatrick Scholarship Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gilpatrick Scholarship Trust reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gilpatrick Scholarship Trust's EIN?
Gilpatrick Scholarship Trust's EIN (Employer Identification Number) is 31-1687792. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Gilpatrick 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.
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