Iw & Carrie M Carpenter Scholarship
Iw & Carrie M Carpenter Scholarship is a private foundation focused on Religion, based in Milwaukee, WI. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $509K in total assets. In 2025, it awarded 9 grants totaling $19K. Net investment income was $30K.
Iw & Carrie M Carpenter Scholarship at a glance
In short: Iw & Carrie M Carpenter Scholarship gave $19K across 9 grants in 2025 (avg $2K), top state Nebraska. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $18,520
- +0.9% vs 2024
- Grants made (2025)
- 9
- +50.0% vs 2024
- Average grant
- $2,058
- -32.7% vs 2024
- Median grant
- $2,000
- Total assets
- $508,608
- +1.7% vs 2024
- Primary geography
- Nebraska (43% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Iw & Carrie M Carpenter Scholarship funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Palmer Theological Seminary ($4K). Together the top 8 received $17K.
Organizations only. It also paid 1 individual scholarship ($2,000), which are not listed by name.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 34 grants of 34 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How Iw & Carrie M Carpenter Scholarship gives
- Giving fell 56% from 2022 to 2025. Method
- In 2025 it paid out 76% 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 2021 to 2025, annual grant giving ranged from $18K (2024) to $42K (2022). In 2025 it made 9 grants totaling $19K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Palmer Theological Seminary St Davids, PA | Scholarships | $4,062 |
| Central Seminary Shawnee, KS | Scholarships | $2,500 |
| Summit Christian College Gering, NE | Scholarships | $2,500 |
| American Baptist Churches of NE Omaha, NE | Scholarships | $2,270 |
| Lutheran School of Theology Chicago, IL | Scholarships | $2,000 |
| 1 individual scholarship Recipients not named | — | $2,000 |
| Chadron State College Chadron, NE | Scholarships | $1,188 |
| University of Nebraska Lincoln Lincoln, NE | Scholarships | $1,000 |
| University of Nebraska Omaha Omaha, NE | Scholarships | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $508,608 | $37,694 | $29,142 | $18,520 | 9 | $20,902 | $29,599 | $27,424 |
| 2024 | $500,057 | $-3,089 | $28,919 | $18,347 | 6 | $21,222 | $10,663 | $25,794 |
| 2023 | $532,065 | $14,666 | $36,093 | $24,896 | 5 | $28,717 | $9,843 | $25,241 |
| 2022 | $553,495 | $22,332 | $56,149 | $42,334 | 10 | $44,948 | $13,639 | $34,930 |
| 2021 | $581,313 | $106,657 | $29,656 | $18,830 | 4 | — | $95,086 | $31,671 |
Under IRS private-foundation payout rules, Iw & Carrie M Carpenter Scholarship reported a distributable amount of $27K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Iw & Carrie M Carpenter Scholarship's only listed officer is US Bank N A, Trustee on the 2025 filing (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
New on the 2025 filing
1 hr/week
$9K (2025)
Former officers (1)
- Former: US Bank NA (2021–2024) — Trustee
Data from IRS Form 990 filings, 2021–2025. "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
The highest reported compensation on the 2025 filing was $9K, to US Bank N a (Trustee).
Frequently asked questions about Iw & Carrie M Carpenter Scholarship
How much does Iw & Carrie M Carpenter Scholarship give each year?
Iw & Carrie M Carpenter Scholarship gave $19K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $18K across 6 grants.
What is Iw & Carrie M Carpenter Scholarship's typical grant size?
Iw & Carrie M Carpenter Scholarship's median grant in 2025 was $2,000, and its average grant was $2,058, across 9 grants on its 2025 IRS Form 990-PF.
Where does Iw & Carrie M Carpenter Scholarship give grants?
Iw & Carrie M Carpenter Scholarship's top state is Nebraska, with 43% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Pennsylvania (22%) and Kansas (13%). The most frequent recipient cities were Omaha, NE (2 grants).
Does Iw & Carrie M Carpenter Scholarship give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on Iw & Carrie M Carpenter Scholarship's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (9 grants).
Who are Iw & Carrie M Carpenter Scholarship's largest grantees?
Iw & Carrie M Carpenter Scholarship's largest 2025 grantees include Palmer Theological Seminary ($4,062), Central Seminary ($2,500) and Summit Christian College ($2,500), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($2,000), which are not listed by name. Together they received 49% of its itemized 2025 grant dollars.
How large is Iw & Carrie M Carpenter Scholarship?
Iw & Carrie M Carpenter Scholarship reported $509K in total assets on its 2025 IRS Form 990-PF. It paid out $21K in qualifying distributions that year, against a required minimum of $27K (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 Iw & Carrie M Carpenter Scholarship?
Iw & Carrie M Carpenter Scholarship is a private foundation focused on Religion, based in Milwaukee, WI. It holds $509K in total assets as of 2025.
What is Iw & Carrie M Carpenter Scholarship's EIN?
Iw & Carrie M Carpenter Scholarship's EIN (Employer Identification Number) is 47-0661090. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS January 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS December 23, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS December 19, 2025)
- IRS filings on file for fiscal years 2021–2025
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