Ip and Lola Zimmerly Educational
Ip and Lola Zimmerly Educational is a private foundation, based in Paris, IL. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $255K in total assets. In 2026, it awarded 8 grants totaling $9K. Net investment income was $30K.
Ip and Lola Zimmerly Educational at a glance
In short: Ip and Lola Zimmerly Educational gave $9K across 8 grants in 2026 (avg $1K), mostly in Illinois. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $9,000
- +12.5% vs 2025
- Grants made (2026)
- 8
- +0.0% vs 2025
- Average grant
- $1,125
- +12.5% vs 2025
- Median grant
- $1,000
- Total assets
- $254,554
- +7.4% vs 2025
- Primary geography
- Illinois (61% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Ip and Lola Zimmerly Educational funds
How this funder distributes its grants
Grant Size Distribution
52 grants across all recorded years
The most common grant size was under $50K: 52 grants of 52 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 8 itemized grants.
Cities
How Ip and Lola Zimmerly Educational gives
- Giving fell 25% from 2023 to 2026. Method
- In 2026 it paid out 91% 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
From 2020 to 2026, annual grant giving ranged from $8K (2025) to $12K (2023). In 2026 it made 8 grants totaling $9K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 8 individual scholarships Recipients not named | — | $9,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $254,554 | $31,783 | $14,309 | $9,000 | 8 | $12,221 | $29,695 | $13,474 |
| 2025 | $237,080 | $7,554 | $13,049 | $8,000 | 8 | $11,077 | $5,582 | $12,958 |
| 2024 | $242,575 | $9,508 | $16,575 | $11,944 | 12 | $14,750 | $6,911 | $12,066 |
| 2023 | $249,642 | $9,272 | $18,090 | $12,000 | 12 | $14,749 | $4,869 | $14,439 |
| 2022 | $258,460 | $42,141 | $17,354 | $12,000 | 12 | $15,020 | $38,534 | $14,845 |
| 2021 | $233,673 | $16,291 | $14,501 | $9,500 | 10 | — | $13,941 | $13,483 |
| 2020 | $231,883 | $16,298 | $14,807 | $10,500 | 11 | — | $14,652 | $11,926 |
Under IRS private-foundation payout rules, Ip and Lola Zimmerly Educational reported a distributable amount of $13K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ip and Lola Zimmerly Educational's only listed officer is Prospect Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2026 filing
Prospect Bank
Trustee
On filings since 2020
1 hr/week
$3K (2020) → $4K (2026)
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $4K, to Prospect Bank (Trustee).
Frequently asked questions about Ip and Lola Zimmerly Educational
How much does Ip and Lola Zimmerly Educational give each year?
Ip and Lola Zimmerly Educational gave $9K across 8 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $8K across 8 grants.
What is Ip and Lola Zimmerly Educational's typical grant size?
Ip and Lola Zimmerly Educational's median grant in 2026 was $1,000, and its average grant was $1,125, across 8 grants on its 2026 IRS Form 990-PF.
Where does Ip and Lola Zimmerly Educational give grants?
Ip and Lola Zimmerly Educational gives mostly in Illinois: 61% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The next largest states were Indiana (17%) and Louisiana (11%).
Does Ip and Lola Zimmerly Educational give general operating support?
Not in 2026: none of the 8 grants with a stated purpose on Ip and Lola Zimmerly Educational's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (8 grants).
How large is Ip and Lola Zimmerly Educational?
Ip and Lola Zimmerly Educational reported $255K in total assets on its 2026 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $13K (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 is Ip and Lola Zimmerly Educational's EIN?
Ip and Lola Zimmerly Educational's EIN (Employer Identification Number) is 37-6314386. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS June 17, 2026)
- IRS filings on file for fiscal years 2020–2025
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