Jay Martin Memorial Scholarship Fun

TITUSVILLE, PA EIN: 25-6181087

Jay Martin Memorial Scholarship Fun is a private foundation, based in TITUSVILLE, PA. IRS filing data is available from 2020 through 2021. As of 2021, the organization holds $58K in total assets. In 2021, it awarded 1 grants totaling $1K. Net investment income was $2K.

Financial Overview

From 2021 IRS Form 990-PF · View filing

Total Assets

$58K

+3.3% YoY

Annual Giving

$1K

+0.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$1K

+0.0% YoY

Under IRS private-foundation payout rules, Jay Martin Memorial Scholarship Fun reported a distributable amount of $3K for 2021 — the minimum it must pay out in qualifying distributions.

About Jay Martin Memorial Scholarship Fun

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $2K (100%)

States

Pennsylvania

Cities

Titusville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2021	2020
Total Assets	$57,696	$55,865
Revenue	$1,975	$2,601
Expenses	$1,275	$1,252
Qualifying Distributions	$1,235	—
Net Investment Income	$1,725	$2,528
Distributable Amount	$2,772	$2,452

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2021

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2021 grants, the largest include Mitchell Baldwin ($1,000).

Recipient	Purpose	Amount
MITCHELL BALDWIN TITUSVILLE, PA	SCHOLARSHIP AWARDED FOR FURTHER EDUCATION	$1,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2021 IRS filing

From 2021 filing

Name	Title	Hours	Compensation
WAYNE MARTIN	TRUSTEE	—	—

Frequently Asked Questions

How large is Jay Martin Memorial Scholarship Fun?

As of 2021, Jay Martin Memorial Scholarship Fun holds $58K in total assets with $2K in annual revenue. It awarded 1 grants totaling $1K in 2021.

Where does Jay Martin Memorial Scholarship Fun operate?

Jay Martin Memorial Scholarship Fun has awarded grants in Pennsylvania.

What size grants does Jay Martin Memorial Scholarship Fun award?

In 2021, Jay Martin Memorial Scholarship Fun awarded 1 grants totaling $1K — an average of about $1K per grant, based on its IRS Form 990 filings.

How much is Jay Martin Memorial Scholarship Fun required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2021, Jay Martin Memorial Scholarship Fun reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Jay Martin Memorial Scholarship Fun's EIN?

Jay Martin Memorial Scholarship Fun's EIN (Employer Identification Number) is 25-6181087. IRS Form 990 filing data is available on this page for 2020–2021.