Ione M Allen Scholarship Fund
Ione M Allen Scholarship Fund is a private foundation, based in SAINT LOUIS, MO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $826K in total assets. In 2024, it awarded 10 grants totaling $35K. Net investment income was $31K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$826K
-1.4% YoY
Annual Giving
$35K
-16.7% YoY
Grant Count
10
+0.0% YoY
Avg Grant Size
$4K
-16.7% YoY
Under IRS private-foundation payout rules, Ione M Allen Scholarship Fund reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.
About Ione M Allen Scholarship Fund
Based on IRS filings
Ione M Allen Scholarship Fund is a private foundation, based in SAINT LOUIS, MO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $826K in total assets. In 2024, it awarded 10 grants totaling $35K. Net investment income was $31K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $825,712 | $837,072 | $873,847 |
| Revenue | $43,140 | $24,273 | $32,752 |
| Expenses | $55,340 | $60,097 | $66,033 |
| Qualifying Distributions | $43,918 | $49,564 | $52,961 |
| Net Investment Income | $31,114 | $15,740 | $21,466 |
| Distributable Amount | $47,169 | $43,537 | $46,918 |
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
59 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Western Carolina University ($4,500), Indiana University ($4,500), University of North Carolina - Chapel Hi ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF NORTH CAROLINA - CHAPEL HI CHAPEL HILL, NC | SCHOLARSHIP | $4,000 |
| APPALACHIAN STATE UNIVERSITY BOONE, NC | SCHOLARSHIP | $2,500 |
| WESTERN CAROLINA UNIVERSITY CULLOWHEE, NC | SCHOLARSHIP | $3,500 |
| MARS HILL UNIVERSITY MARS HILL, NC | SCHOLARSHIP | $1,000 |
| WESTERN CAROLINA UNIVERSITY CULLOWHEE, NC | SCHOLARSHIP | $4,500 |
| INDIANA UNIVERSITY BLOOMINGTON, IN | SCHOLARSHIP | $4,500 |
| UNIVERSITY OF NORTH CAROLINA - CHAPEL HI CHAPEL HILL, NC | SCHOLARSHIP | $4,000 |
| NORTH CAROLINA STATE UNIVERSITY RALEIGH, NC | SCHOLARSHIP | $4,000 |
| FURMAN UNIVERSITY GREENVILLE, SC | SCHOLARSHIP | $3,000 |
| APPALACHIAN STATE UNIVERSITY BOONE, NC | SCHOLARSHIP | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WELLS FARGO BANK N A | TRUSTEE | 1 | $14,754 |
Frequently Asked Questions
How large is Ione M Allen Scholarship Fund?
As of 2024, Ione M Allen Scholarship Fund holds $826K in total assets with $43K in annual revenue. It awarded 10 grants totaling $35K in 2024.
Where does Ione M Allen Scholarship Fund operate?
Ione M Allen Scholarship Fund has awarded grants in Florida, Georgia, Illinois, Indiana, Louisiana, North Carolina, New York, South Carolina, Tennessee.
What size grants does Ione M Allen Scholarship Fund award?
In 2024, Ione M Allen Scholarship Fund awarded 10 grants totaling $35K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Ione M Allen Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ione M Allen Scholarship Fund reported a distributable amount of $47K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ione M Allen Scholarship Fund's EIN?
Ione M Allen Scholarship Fund's EIN (Employer Identification Number) is 58-6189987. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.