Jaxson William Augustus Swank Foundation
The Jaxson William Augustus Swank Foundation is a 501(c)(3) family foundation headquartered in Mishawaka, Indiana. Founded in 2004, the organization was established by Larry and Sherry Swank to honor the memory of their son, Jaxson William Augustus Swank, who passed away just short of his second birthday due to a tragic accident. The foundation operates as an educational nonprofit with a staff of 4 employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.6M
+10.0% YoY
Annual Giving
$287K
+18.3% YoY
Grant Count
48
+26.3% YoY
Avg Grant Size
$6K
-6.3% YoY
Mission & Focus Areas
The foundation's mission is to perpetuate Jaxson's loving memory by nurturing selected individuals educationally, emotionally, and socially from preschool through higher education in achieving their greatest potential while developing strong moral character as future leaders through the organization's Trilogy of Care approach.
The foundation's primary focus is providing full scholarships for children from lower socioeconomic backgrounds to attend top-notch private schools. The Trilogy of Care framework addresses three interconnected areas: caring for the Jaxson Scholar, caring for the JWAS parent, and caring for the JWAS family unit as a whole.
Grantmaking
The foundation currently supports 35 Jaxson Scholars across multiple private schools in Indiana. The organization typically accepts up to four new Jaxson Scholars each year, with applications opening each September.
Grant Range
s around $9,800 and average grant sizes of approximately $10,700.
Average Grant
s of approximately $10,700.
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Geographic Focus
Where this funder awards grants
The foundation primarily operates in Indiana, with Jaxson Scholars attending nine private schools throughout the state. The foundation also supports projects in additional locations including La Porte, Notre Dame, North Liberty, Plymouth, South Bend, and has expanded to include funding in Wyoming and Washington, D.C.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Fiscal Year 2024:
- Total Revenue: $1,561,237
- Total Expenses: $1,065,050
- Total Assets: $5,633,161
- Total Liabilities: $0
The foundation maintains a strong financial position with assets significantly exceeding annual expenses, allowing for sustained scholarship support and programming expansion.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,633,161 | $5,120,396 | $3,731,630 |
| Revenue | $1,561,237 | $2,346,385 | $1,540,900 |
| Expenses | $1,065,050 | $887,984 | $864,890 |
| Qualifying Distributions | $690,739 | $528,557 | $526,504 |
| Net Investment Income | $98,723 | $641,616 | $3,244 |
| Distributable Amount | — | — | $84,559 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
139 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Larry A. Swank - Co-founder and Trustee (serves without compensation)
Sherry LT Swank - Co-founder and Trustee (serves without compensation)
Jeanie Shuck - Executive Director (full-time, compensation of $143,551)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEANIE SHUCK | EXECUTIVE DIRECTOR | 40 | — |
| LARRY A SWANK | TRUSTEE | 10 | — |
| SHERRY LT SWANK | TRUSTEE | 10 | — |
Recent News & Activity
Recent developments and announcements
The foundation continues to actively recruit new Jaxson Scholars, with applications opening annually each September. The organization has expanded its programming offerings and currently serves a growing number of scholars across multiple Indiana private schools. The foundation remains committed to its mission of providing comprehensive educational and character development support to selected students from lower socioeconomic backgrounds.
JWAS Foundation now accepting applications for Jaxson scholarship programSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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