James E Wigstone Scholarship Fund

BILLINGS, MT EIN: 87-6722242

James E Wigstone Scholarship Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BILLINGS, MT. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 9 grants totaling $52K. Net investment income was $28K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.1M

-3.3% YoY

Annual Giving

$52K

-19.6% YoY

Grant Count

+28.6% YoY

Avg Grant Size

$6K

-37.5% YoY

Under IRS private-foundation payout rules, James E Wigstone Scholarship Fund reported a distributable amount of $59K for 2024 — the minimum it must pay out in qualifying distributions.

About James E Wigstone Scholarship Fund

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Iowa $188K (100%)

States

Iowa

Cities

Ames

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,083,958	$1,121,318	$1,352,567
Revenue	$42,907	$-76,872	$2,673
Expenses	$76,087	$152,622	$90,334
Qualifying Distributions	$58,007	$73,286	$76,378
Net Investment Income	$27,980	$19,046	$22,873
Distributable Amount	$58,990	$57,403	$63,701

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

Grant Size Distribution

23 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Iowa State University ($15,000), Iowa State University ($15,000), Iowa State University ($15,000).

Recipient	Purpose	Amount
IOWA STATE UNIVERSITY AMES, IA	SCHOLARSHIP	$500
IOWA STATE UNIVERSITY AMES, IA	SCHOLARSHIP	$15,000
IOWA STATE UNIVERSITY AMES, IA	SCHOLARSHIP	$500
IOWA STATE UNIVERSITY AMES, IA	SCHOLARSHIP	$15,000
IOWA STATE UNIVERSITY AMES, IA	SCHOLARSHIP	$500
IOWA STATE UNIVERSITY AMES, IA	SCHOLARSHIP	$4,714
IOWA STATE UNIVERSITY AMES, IA	SCHOLARSHIP	$500
IOWA STATE UNIVERSITY AMES, IA	SCHOLARSHIP	$15,000
IOWA STATE UNIVERSITY AMES, IA	SCHOLARSHIP	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FIRST INTERSTATE BANK	TRUSTEE	1	$15,614

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is James E Wigstone Scholarship Fund?

James E Wigstone Scholarship Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BILLINGS, MT. It holds $1.1M in total assets as of 2024.

How large is James E Wigstone Scholarship Fund?

As of 2024, James E Wigstone Scholarship Fund holds $1.1M in total assets with $43K in annual revenue. It awarded 9 grants totaling $52K in 2024.

Where does James E Wigstone Scholarship Fund operate?

James E Wigstone Scholarship Fund has awarded grants in Iowa.

What size grants does James E Wigstone Scholarship Fund award?

In 2024, James E Wigstone Scholarship Fund awarded 9 grants totaling $52K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is James E Wigstone Scholarship Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, James E Wigstone Scholarship Fund reported a distributable amount of $59K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is James E Wigstone Scholarship Fund's EIN?

James E Wigstone Scholarship Fund's EIN (Employer Identification Number) is 87-6722242. IRS Form 990 filing data is available on this page for 2021–2024.