Hazel Marie Boyle Scholarship Fund

Private foundation · Grantmaker Normal, IL EIN: 36-4091370

The Hazel Marie Boyle Scholarship Fund is a private foundation based in Normal, Illinois. It arranges scholarships through the Putnam County Educational Foundation, as required by the trust established in Hazel Marie Boyle’s will.

Hazel Marie Boyle Scholarship Fund at a glance

In short: Hazel Marie Boyle Scholarship Fund gave $10K across 15 grants in 2025 (avg $666.667), mostly in Illinois. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$10,000
+0.0% vs 2024
Grants made (2025)
15
+66.7% vs 2024
Average grant
$667
-40.0% vs 2024
Median grant
$500
Total assets
$210,646
-1.9% vs 2024
Primary geography
Illinois (100% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated October 2026.

How to apply to Hazel Marie Boyle Scholarship Fund

How to Apply

The filing describes a standard scholarship application requiring an academic transcript; a description of community and extracurricular activities; career plans; letters of recommendation; and information about other…

The filing describes a standard scholarship application requiring an academic transcript; a description of community and extracurricular activities; career plans; letters of recommendation; and information about other sources of financial assistance. Applicants must be graduates of Putnam County High School planning to attend one of the three eligible institutions listed above.

Review Cycle
April 1 each year. The April 1, 2026 deadline has passed.
Deadline
April 1 each year.
Contact

Application contact: Mr Tyler Ellena Putnam Co Hs
Mailing address: 400 East Silverspoon Avenue, Granville, IL 61326
Phone: (815) 882-2800

Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Who Hazel Marie Boyle Scholarship Fund funds

How this funder distributes its grants

Grant Size Distribution

47 grants across all recorded years

47<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 47 grants of 47 (100%).

Geographic Focus

Where this funder awards grants

All reported 2025 grant dollars went to recipients in Illinois. The fund’s stated eligibility is limited to graduates of Putnam County High School planning to attend one of its listed eligible institutions.

Grant Distribution by State

1state

Share of 2025 grant dollars across all 15 itemized grants.

States

Cities

GranvilleHennepinLostantMagnoliaMarkStandard

How Hazel Marie Boyle Scholarship Fund gives

  • Giving held roughly steady from 2022 to 2025 (+0%). Method
  • In 2025 it paid out 87% 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

$0$2.5K$5K$7.5K$10K11 grants2019 12 grants2020 4 grants2021 9 grants2022 10 grants2023 9 grants2024 15 grants2025

From 2019 to 2025, annual grant giving ranged from $7K (2019) to $10K (2025). In 2025 it made 15 grants totaling $10K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
15 individual scholarships Recipients not named —$10,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$210,646$10,251$14,343$10,00015$10,030$6,102$11,466
2024$214,738$6,952$14,150$9,9999$10,014$6,043$10,758
2023$221,936$30,815$12,809$9,50010$9,515$6,279$10,217
2022$203,930$10,308$13,417$10,0009$10,015$7,323$10,919
2021$207,040$22,041$11,014$7,4984$7,513$11,686$11,546
2020$196,007$9,538$12,487$9,25012—$5,383$10,861
2019$198,957$10,410$10,290$7,18011—$6,476$9,905

Under IRS private-foundation payout rules, Hazel Marie Boyle Scholarship Fund reported a distributable amount of $11K for 2025 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The fund’s filing describes its direct charitable activity as arranging scholarships through the Putnam County Educational Foundation. Its 2025 awards were identified as scholarships to recipients.

Grantmaking

In 2025, the fund reported 15 grants totaling $10,000. Grants ranged from $500 to $1,000, with a median of $500. Among the listed recipients, five individual recipients each received $1,000. Seven individual recipients each received $500.

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists Francis Boyle and Heartland Bank and Trust Co. as trustees.

Hazel Marie Boyle Scholarship Fund's 2025 filing lists 2 officers; 1 of 2 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Heartland Bank AND Trust CO

    Trustee

    On filings since 2019

    $3K (2019) → $4K (2025)

  • Francis Boyle

    Trustee

    On filings since 2019

    No compensation reported

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

Heartland Bank and Trust CO — Trustee: $4KHeartland Bank and…Trustee$4K

The highest reported compensation on the 2025 filing was $4K, to Heartland Bank and Trust CO (Trustee).

Frequently asked questions about Hazel Marie Boyle Scholarship Fund

How much does Hazel Marie Boyle Scholarship Fund give each year?

Hazel Marie Boyle Scholarship Fund gave $10K across 15 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $10K across 9 grants.

What is Hazel Marie Boyle Scholarship Fund's typical grant size?

Hazel Marie Boyle Scholarship Fund's median grant in 2025 was $500, and its average grant was $667, across 15 grants on its 2025 IRS Form 990-PF.

Where does Hazel Marie Boyle Scholarship Fund give grants?

Hazel Marie Boyle Scholarship Fund gives mostly in Illinois: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.

Does Hazel Marie Boyle Scholarship Fund give general operating support?

Not in 2025: none of the 15 grants with a stated purpose on Hazel Marie Boyle Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship Recipient" (15 grants).

How large is Hazel Marie Boyle Scholarship Fund?

Hazel Marie Boyle Scholarship Fund reported $211K in total assets on its 2025 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $11K (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 does Hazel Marie Boyle Scholarship Fund fund?

The fund’s filing describes its direct charitable activity as arranging scholarships through the Putnam County Educational Foundation. Its 2025 awards were identified as scholarships to recipients. See mission & focus areas ↑

How do I apply for a grant from Hazel Marie Boyle Scholarship Fund?

The filing describes a standard scholarship application requiring an academic transcript; a description of community and extracurricular activities; career plans; letters of recommendation; and information about other… Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Hazel Marie Boyle Scholarship Fund's EIN?

Hazel Marie Boyle Scholarship Fund's EIN (Employer Identification Number) is 36-4091370. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

Data update history

(8)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS July 9, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
  7. Added Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
  8. IRS filings on file for fiscal years 2019–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Hazel Marie Boyle Scholarship Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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