Jacob Lillian & Nathan Frank Scholarship
The Jacob Lillian & Nathan Frank Scholarship is a private foundation based in Evansville, Indiana. It provides high school and college scholarships to students of Vanderburgh County, Indiana.
Jacob Lillian & Nathan Frank Scholarship at a glance
In short: Jacob Lillian & Nathan Frank Scholarship gave $13K across 13 grants in 2025 (avg $999.923), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $12,999
- -70.7% vs 2024
- Grants made (2025)
- 13
- +0.0% vs 2024
- Average grant
- $1,000
- -70.7% vs 2024
- Median grant
- $817
- Total assets
- $454,528
- +2.9% vs 2024
- Primary geography
- Indiana (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 Jacob Lillian & Nathan Frank Scholarship
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The foundation accepts unsolicited requests. Applicants should submit a letter to the trustee showing financial need. The filing states that there are no deadlines and that awards are restricted to high school and college scholarships for students of Vanderburgh County, Indiana.
- Contact
Application contact: Old National Wealth Management
Mailing address: PO Box 207, Evansville, IN 47702
Phone: (812) 464-1584
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Jacob Lillian & Nathan Frank Scholarship funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was University of Southern Indiana ($4K). Together the top 7 received $9K.
Organizations only. It also paid 6 individual scholarships ($3,927), which are not listed by name.
Grant Size Distribution
51 grants across all recorded years
The most common grant size was under $50K: 51 grants of 51 (100%).
Geographic Focus
Where this funder awards grants
The 2025 filing shows that all grant dollars went to recipients in Indiana. The foundation’s stated award restriction is scholarships for students of Vanderburgh County, Indiana.
Grant Distribution by State
Share of 2025 grant dollars across all 13 itemized grants.
States
Cities
How Jacob Lillian & Nathan Frank Scholarship gives
- Giving fell 36% from 2022 to 2025. Method
- In 2025 it paid out 71% 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 2019 to 2025, annual grant giving ranged from $11K (2020) to $44K (2024). In 2025 it made 13 grants totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Southern Indiana Evansville, IN | Scholarships | $4,230 |
| North High School Evansville, IN | Scholarships | $1,308 |
| University of Evansville Evansville, IN | Scholarships | $1,170 |
| 6 individual scholarships Recipients not named | — | $3,927 |
| F J Reitz High School Evansville, IN | Scholarships | $1,029 |
| Central High School Evansville, IN | Scholarships | $817 |
| Signature School Evansville, IN | Scholarships | $304 |
| New Tech Institute Evansville, IN | Scholarships | $214 |
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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 | $454,528 | $36,212 | $23,031 | $12,999 | 13 | $20,296 | $34,225 | $28,730 |
| 2024 | $441,605 | $45,078 | $56,272 | $44,367 | 13 | $53,761 | $43,004 | $26,850 |
| 2023 | $452,800 | $33,297 | $7,388 | — | — | $6,168 | $31,919 | $24,343 |
| 2022 | $426,927 | $15,483 | $33,676 | $20,246 | 13 | $31,734 | $14,251 | $24,784 |
| 2021 | $445,127 | $41,227 | $30,184 | $21,813 | 12 | $28,683 | $39,922 | $27,842 |
| 2020 | $434,083 | $27,542 | $18,777 | $11,420 | 12 | — | $26,467 | $23,267 |
| 2019 | $425,318 | $21,631 | $20,078 | $13,220 | 11 | — | $20,242 | $22,534 |
Under IRS private-foundation payout rules, Jacob Lillian & Nathan Frank Scholarship reported a distributable amount of $29K 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 foundation’s stated purpose is to provide high school and college scholarships to students of Vanderburgh County, Indiana. Its grants support scholarship programs at schools and colleges. For example, the University of Evansville describes its mission as empowering students to think critically, act bravely, serve responsibly, and live meaningfully. Signature School says it operates a public charter school, while Evansville Day School says it promotes and advances the education of students from preschool through upper school.
Grantmaking
In 2025, the foundation made 13 grants totaling $12,999. Grants ranged from $214 to $4,230, with a median grant of $817. The largest awards included $4,230 to the University of Southern Indiana, $1,308 to North High School, $1,170 to the University of Evansville, and $1,100 to an individual recipient Community College. The filing lists each grant’s purpose as scholarships.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Old National Wealth Management as trustee.
Jacob Lillian & Nathan Frank Scholarship's only listed officer is OLD National Wealth Management, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
OLD National Wealth Management
Trustee
On filings since 2019
1 hr/week
$6K (2019) → $8K (2025)
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
The highest reported compensation on the 2025 filing was $8K, to Old National Wealth Management (Trustee).
Frequently asked questions about Jacob Lillian & Nathan Frank Scholarship
How much does Jacob Lillian & Nathan Frank Scholarship give each year?
Jacob Lillian & Nathan Frank Scholarship gave $13K across 13 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $44K across 13 grants.
What is Jacob Lillian & Nathan Frank Scholarship's typical grant size?
Jacob Lillian & Nathan Frank Scholarship's median grant in 2025 was $817, and its average grant was $1,000, across 13 grants on its 2025 IRS Form 990-PF.
Where does Jacob Lillian & Nathan Frank Scholarship give grants?
Jacob Lillian & Nathan Frank Scholarship gives mostly in Indiana: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Evansville, IN (7 grants).
Does Jacob Lillian & Nathan Frank Scholarship give general operating support?
Not in 2025: none of the 13 grants with a stated purpose on Jacob Lillian & Nathan Frank Scholarship's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (13 grants).
Who are Jacob Lillian & Nathan Frank Scholarship's largest grantees?
Jacob Lillian & Nathan Frank Scholarship's largest 2025 grantees include University of Southern Indiana ($4,230), North High School ($1,308) and University of Evansville ($1,170), according to its 2025 IRS Form 990-PF. It also paid 6 individual scholarships ($3,927), which are not listed by name. Together they received 52% of its itemized 2025 grant dollars.
How large is Jacob Lillian & Nathan Frank Scholarship?
Jacob Lillian & Nathan Frank Scholarship reported $455K in total assets on its 2025 IRS Form 990-PF. It paid out $20K in qualifying distributions that year, against a required minimum of $29K (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 Jacob Lillian & Nathan Frank Scholarship fund?
The foundation’s stated purpose is to provide high school and college scholarships to students of Vanderburgh County, Indiana. Its grants support scholarship programs at schools and colleges. See mission & focus areas ↑
How do I apply for a grant from Jacob Lillian & Nathan Frank Scholarship?
The foundation accepts unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Jacob Lillian & Nathan Frank Scholarship's EIN?
Jacob Lillian & Nathan Frank Scholarship's EIN (Employer Identification Number) is 35-6338764. IRS Form 990 filing data is available on this page for 2019–2025.
Does Jacob Lillian & Nathan Frank Scholarship accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 7, 2020)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 27, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 24, 2025)
Live grants for the work Jacob Lillian & Nathan Frank Scholarship funds
Education Open opportunities, soonest deadline first.
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Jacob Lillian & Nathan Frank Scholarship'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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