Jefferson Ethel Scholarship Trust #1038
Jefferson Ethel Scholarship Trust #1038 is a private foundation based in Newtown, Pennsylvania. Its 2025 filing reports scholarship grants to individual recipients and says awards are restricted to students in Bucks County, Pennsylvania.
Jefferson Ethel Scholarship Trust #1038 at a glance
In short: Jefferson Ethel Scholarship Trust #1038 gave $78K across 14 grants in 2025 (avg $6K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $78,000
- -3.7% vs 2024
- Grants made (2025)
- 14
- +1300.0% vs 2024
- Average grant
- $5,571
- -93.1% vs 2024
- Median grant
- $6,000
- Total assets
- $1,012,718
- -0.3% vs 2024
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Jefferson Ethel Scholarship Trust #1038
- How to Apply
-
The filing lists FAFSA as the required form and materials and identifies First National Bank Trust Newtown as the contact. It states that awards are restricted to students in Bucks County, Pennsylvania. It also says the foundation does not restrict giving to preselected organizations.
- Review Cycle
- The filing lists April 15 each year. The April 15, 2026 date has passed.
- Deadline
- The filing lists April 15 each year.
- Contact
Application contact: First National Bank Trust Newtown
Mailing address: 34 S State Street, Newtown, PA 18940-1953
Phone: (215) 968-4872
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Jefferson Ethel Scholarship Trust #1038 funds
How this funder distributes its grants
Grant Size Distribution
57 grants across all recorded years
The most common grant size was under $50K: 56 grants of 57 (98%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Pennsylvania. The filing states that awards are restricted to students in Bucks County, Pennsylvania.
Grant Distribution by State
Share of 2025 grant dollars across all 14 itemized grants.
States
Cities
How Jefferson Ethel Scholarship Trust #1038 gives
- Giving held roughly steady from 2022 to 2025 (−11%). Method
- In 2025 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $70K (2021) to $96K (2023). In 2025 it made 14 grants totaling $78K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 14 individual scholarships Recipients not named | — | $78,000 |
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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 | $1,012,718 | $89,782 | $92,730 | $78,000 | 14 | $78,000 | $77,312 | $82,190 |
| 2024 | $1,015,394 | $156,127 | $95,657 | $81,000 | 1 | $81,000 | $143,032 | $77,450 |
| 2023 | $955,194 | $135,652 | $107,375 | $96,000 | 14 | $96,000 | $123,238 | $73,627 |
| 2022 | $917,876 | $42,026 | $101,789 | $88,000 | 16 | $88,000 | $28,237 | $78,746 |
| 2021 | $977,639 | $130,235 | $84,652 | $70,000 | 12 | $70,000 | $115,583 | $86,708 |
| 2020 | $932,056 | $74,262 | $96,219 | $82,000 | 24 | — | $60,043 | $75,395 |
| 2019 | $954,012 | $59,880 | $91,074 | $75,500 | 21 | — | $44,306 | $75,511 |
Under IRS private-foundation payout rules, Jefferson Ethel Scholarship Trust #1038 reported a distributable amount of $82K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The available information does not state a mission. The 2025 filing reports scholarship giving to individuals.
Grantmaking
In filing year 2025, the foundation made 14 grants totaling $78,000. Grant amounts ranged from $2,000 to $7,000, with a median of $6,000. The listed grants were to individual recipients in Pennsylvania and were for scholarships.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists First National Bank of Newtown as trustee.
Jefferson Ethel Scholarship Trust #1038's only listed officer is First National Bank Of Newtown, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
First National Bank Of Newtown
Trustee
On filings since 2023
2 hrs/week
$11K (2023) → $11K (2025)
Former officers (1)
- Former: Richard Danese Esq. (2019–2023) — Committee Member
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
The highest reported compensation on the 2025 filing was $11K, to First National Bank of Newtown (Trustee).
Frequently asked questions about Jefferson Ethel Scholarship Trust #1038
How much does Jefferson Ethel Scholarship Trust #1038 give each year?
Jefferson Ethel Scholarship Trust #1038 gave $78K across 14 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $81K across 1 grant.
What is Jefferson Ethel Scholarship Trust #1038's typical grant size?
Jefferson Ethel Scholarship Trust #1038's median grant in 2025 was $6,000, and its average grant was $5,571, across 14 grants on its 2025 IRS Form 990-PF.
Where does Jefferson Ethel Scholarship Trust #1038 give grants?
Jefferson Ethel Scholarship Trust #1038 gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Jefferson Ethel Scholarship Trust #1038 give general operating support?
Not in 2025: none of the 14 grants with a stated purpose on Jefferson Ethel Scholarship Trust #1038's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (14 grants).
How large is Jefferson Ethel Scholarship Trust #1038?
Jefferson Ethel Scholarship Trust #1038 reported $1.0M in total assets on its 2025 IRS Form 990-PF. It paid out $78K in qualifying distributions that year, against a required minimum of $82K (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 Jefferson Ethel Scholarship Trust #1038 fund?
The available information does not state a mission. The 2025 filing reports scholarship giving to individuals. See mission & focus areas ↑
How do I apply for a grant from Jefferson Ethel Scholarship Trust #1038?
The filing lists FAFSA as the required form and materials and identifies First National Bank Trust Newtown as the contact. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Jefferson Ethel Scholarship Trust #1038's EIN?
Jefferson Ethel Scholarship Trust #1038's EIN (Employer Identification Number) is 23-7749232. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 27, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 3, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 20, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 3, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 2, 2025)
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