James E Wigstone Scholarship Fund
James E Wigstone Scholarship Fund is a private foundation, based in Billings, MT. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 4 grants totaling $49K. Net investment income was $42K.
James E Wigstone Scholarship Fund at a glance
In short: James E Wigstone Scholarship Fund gave $49K across 4 grants in 2025 (avg $12K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $48,771
- -6.6% vs 2024
- Grants made (2025)
- 4
- -55.6% vs 2024
- Average grant
- $12,193
- +110.2% vs 2024
- Median grant
- $14,831
- Total assets
- $1,065,108
- -1.7% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who James E Wigstone Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Iowa State University ($49K across 4 grants).
Grant Size Distribution
27 grants across all recorded years
The most common grant size was under $50K: 27 grants of 27 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How James E Wigstone Scholarship Fund gives
- Giving fell 31% from 2022 to 2025. Method
- In 2025 it paid out 100% of its IRS minimum distribution (the 5% rule). 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 2022 to 2025, annual grant giving ranged from $49K (2025) to $71K (2022). In 2025 it made 4 grants totaling $49K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Iowa State University Ames, IA | Scholarship | $15,000 |
| Iowa State University Ames, IA | Scholarship | $14,950 |
| Iowa State University Ames, IA | Scholarship | $14,712 |
| Iowa State University Ames, IA | Scholarship | $4,109 |
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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 | $1,065,108 | $54,820 | $73,705 | $48,771 | 4 | $60,713 | $42,398 | $60,675 |
| 2024 | $1,083,958 | $42,907 | $76,087 | $52,214 | 9 | $58,007 | $27,980 | $58,990 |
| 2023 | $1,121,318 | $-76,872 | $152,622 | $64,943 | 7 | $73,286 | $19,046 | $57,403 |
| 2022 | $1,352,567 | $2,673 | $90,334 | $71,000 | 7 | $76,378 | $22,873 | $63,701 |
| 2021 | $1,436,563 | $1,598,566 | $1,951 | — | — | $430 | $181,883 | $7,849 |
Under IRS private-foundation payout rules, James E Wigstone Scholarship Fund reported a distributable amount of $61K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
James E Wigstone Scholarship Fund's only listed officer is First Interstate Bank, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
First Interstate Bank
Trustee
On filings since 2023
1 hr/week
$16K (2023) → $16K (2025)
Former officers (1)
- Former: Great Western Bank (2021–2022) — Prior 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 $16K, to First Interstate Bank (Trustee).
Frequently asked questions about James E Wigstone Scholarship Fund
How much does James E Wigstone Scholarship Fund give each year?
James E Wigstone Scholarship Fund gave $49K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $52K across 9 grants.
What is James E Wigstone Scholarship Fund's typical grant size?
James E Wigstone Scholarship Fund's median grant in 2025 was $14,831, and its average grant was $12,193, across 4 grants on its 2025 IRS Form 990-PF.
Where does James E Wigstone Scholarship Fund give grants?
James E Wigstone Scholarship Fund gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Ames, IA (4 grants).
Does James E Wigstone Scholarship Fund give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on James E Wigstone Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (4 grants).
How large is James E Wigstone Scholarship Fund?
James E Wigstone Scholarship Fund reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $61K in qualifying distributions that year, against a required minimum of $61K (roughly 5% of its investment assets).
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 2021–2025.
Data last updated September 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 December 11, 2024)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2021–2024
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