Jacob Lillian & Nathan Frank Scholarship

Private foundation · Grantmaker Evansville, IN EIN: 35-6338764

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.

Key facts about Jacob Lillian & Nathan Frank Scholarship

In short: Jacob Lillian & Nathan Frank Scholarship gave $13K across 13 grants in 2025 (avg $999.923), mostly in Indiana. 0% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
35-6338764
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$12,999
Grants made (2025)
13
Average grant
$1,000
Median grant
$817
New grantees (estimate)
0% first-time grantees (0 of 13, 2025)
Total assets
$454,528
Primary geography
Indiana (100% of itemized 2025 grant dollars)
Accepts unsolicited proposals
Yes
How to apply
The foundation accepts unsolicited requests. Full details ↓

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$455K

+2.9% YoY

Annual Giving

$13K

-70.7% YoY

Grant Count

13

+0.0% YoY

Avg Grant Size

$999.923

-70.7% YoY

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.

Is Jacob Lillian & Nathan Frank Scholarship open to new grantees?

0%

first-time grantees, 2025

In 2025, 0 of 13 grantees (0%) were first-time recipients. How we count

  • 100% of 2025 grantees were also funded in 2024. Method
  • 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

Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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 Ivy Tech Community College. The filing lists each grant’s purpose as scholarships.

Review Cycle

and that awards are restricted to high school and college scholarships for students of Vanderburgh County, Indiana.

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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

1state

Share of 2025 grant dollars across all 13 itemized grants.

States

Cities

EvansvilleWest Lafayette

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K11 grants2019 12 grants2020 12 grants2021 13 grants2022 0 grants2023 13 grants2024 13 grants2025

From 2019 to 2025, annual grant giving ranged from $11K (2020) to $44K (2024). In 2025 it made 13 grants totaling $13K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

University of Southern Indiana: $4KUniversity of Southern Indiana$4KNorth High School: $1KNorth High School$1KUniversity of Evansville: $1KUniversity of Evansville$1KIvy Tech Community College: $1KIvy Tech Community College$1KWilliam Henry Harrison High School: $1KWilliam Henry Harrison HighSchool$1KF J Reitz High School: $1KF J Reitz High School$1KCentral High School: $817Central High School$817Benjamin Bosse High School: $635Benjamin Bosse High School$635Reitz Memorial Catholic High School: $483Reitz Memorial Catholic HighSchool$483Mater DEI High School: $432Mater DEI High School$432

The largest 2025 recipient was University of Southern Indiana ($4K). Together the top 10 received $12K.

Grant Size Distribution

51 grants across all recorded years

51<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 51 grants of 51 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
University of Southern Indiana Evansville, INScholarships$4,230
North High School Evansville, INScholarships$1,308
University of Evansville Evansville, INScholarships$1,170
Ivy Tech Community College Evansville, INScholarships$1,100
William Henry Harrison High School West Lafayette, INScholarships$1,050
F J Reitz High School Evansville, INScholarships$1,029
Central High School Evansville, INScholarships$817
Benjamin Bosse High School Evansville, INScholarships$635
Reitz Memorial Catholic High School Evansville, INScholarships$483
Mater DEI High School Evansville, INScholarships$432

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2025 $454,528 $36,212 $23,031 $12,999 (13 grants)
2024 $441,605 $45,078 $56,272 $44,367 (13 grants)
2023 $452,800 $33,297 $7,388 No grants listed
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$454,528$441,605$452,800
Revenue$36,212$45,078$33,297
Expenses$23,031$56,272$7,388
Qualifying Distributions$20,296$53,761$6,168
Net Investment Income$34,225$43,004$31,919
Distributable Amount$28,730$26,850$24,343

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS May 7, 2020)
  2. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
  3. Updated Form 990-PF for fiscal year 2020 (received by the IRS April 30, 2021)
  4. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 29, 2022)
  5. Updated Form 990-PF for fiscal year 2022 (received by the IRS April 27, 2023)
  6. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 23, 2024)
  7. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 24, 2025)

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

Old National Wealth Management — Trustee: $8KOld National Wealth…Trustee$8K

The highest reported compensation on the 2025 filing was $8K, to Old National Wealth Management (Trustee).

Contact

Application contact: Old National Wealth Management
Mailing address: PO Box 207, Evansville, IN 47702
Phone: (812) 464-1584

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 (12 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. 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 September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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