Hughes Owen Memorial Scholarship Tr

WEST LAFAYETTE, IN EIN: 31-0254001

Hughes Owen Memorial Scholarship Tr is a private foundation, based in WEST LAFAYETTE, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $285K in total assets. In 2024, it awarded 8 grants totaling $42K. Net investment income was $34K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$285K

-2.5% YoY

Annual Giving

$42K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$5K

+0.0% YoY

Under IRS private-foundation payout rules, Hughes Owen Memorial Scholarship Tr reported a distributable amount of $41K for 2024 — the minimum it must pay out in qualifying distributions.

About Hughes Owen Memorial Scholarship Tr

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $203K (100%)

States

Indiana

Cities

CanneltonTell City

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$284,735	$291,931	$296,875
Revenue	$35,054	$37,376	$34,765
Expenses	$42,250	$42,320	$42,200
Qualifying Distributions	—	$41,600	$41,600
Net Investment Income	$34,404	$36,656	$34,165
Distributable Amount	$40,686	$42,038	$42,347

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Grant Size Distribution

39 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Valerie Grace Kehl ($5,200), Bren Miller ($5,200), Gage Meunier ($5,200).

Recipient	Purpose	Amount
Valerie Grace Kehl Tell City, IN	Education expenses	$5,200
Bren Miller Tell City, IN	Education expenses	$5,200
Gage Meunier Tell City, IN	Educational expenses	$5,200
Victoria Weatherholt Tell City, IN	Educational Expenses	$5,200
Kelby Glenn Tell City, IN	Educational expenses	$5,200
Tyce Wayne DuPont Tell City, IN	Educational expenses	$5,200
Gabrielle Ettensohn Tell City, IN	educational expenses	$5,200
Emma Hollinden Tell City, IN	Educational Expenses	$5,200

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
C William Owen	Trustee	2	—

Frequently Asked Questions

How large is Hughes Owen Memorial Scholarship Tr?

As of 2024, Hughes Owen Memorial Scholarship Tr holds $285K in total assets with $35K in annual revenue. It awarded 8 grants totaling $42K in 2024.

Where does Hughes Owen Memorial Scholarship Tr operate?

Hughes Owen Memorial Scholarship Tr has awarded grants in Indiana.

What size grants does Hughes Owen Memorial Scholarship Tr award?

In 2024, Hughes Owen Memorial Scholarship Tr awarded 8 grants totaling $42K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Hughes Owen Memorial Scholarship Tr required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Hughes Owen Memorial Scholarship Tr reported a distributable amount of $41K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Hughes Owen Memorial Scholarship Tr's EIN?

Hughes Owen Memorial Scholarship Tr's EIN (Employer Identification Number) is 31-0254001. IRS Form 990 filing data is available on this page for 2019–2024.