Jephson Educational Trust #1 XXXXX0006
Jephson Educational Trust #1 XXXXX0006 is a private foundation based in Chicago, Illinois. Its 2025 filing reports 22 grants totaling $253,900, all listed with the purpose “scholarship.”
Key facts about Jephson Educational Trust #1 XXXXX0006
In short: Jephson Educational Trust #1 XXXXX0006 gave $254K across 22 grants in 2025 (avg $12K), top state New York. 18% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 13-6023169
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $253,900
- Grants made (2025)
- 22
- Average grant
- $11,541
- Median grant
- $5,000
- New grantees (estimate)
- 18% first-time grantees (4 of 22, 2025)
- Total assets
- $4,380,765
- Primary geography
- New York (43% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$4.4M
+3.5% YoY
Annual Giving
$254K
+7.1% YoY
Grant Count
22
-8.3% YoY
Avg Grant Size
$12K
+16.9% YoY
Under IRS private-foundation payout rules, Jephson Educational Trust #1 XXXXX0006 reported a distributable amount of $308K for 2025 — the minimum it must pay out in qualifying distributions.
Is Jephson Educational Trust #1 XXXXX0006 open to new grantees?
18%
first-time grantees, 2025
In 2025, 4 of 22 grantees (18%) were first-time recipients. First grants averaged $15K; repeat grants $11K. How we count
Medians: $15K first-time, $5K repeat.
- 73% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−8%). Method
- In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants went to educational institutions, including colleges, universities, and arts and law schools; the filing lists scholarship as the purpose of the grants.
The grantees describe their own missions in varied terms. Elmira College says it provides a liberal arts and sciences education in a collaborative environment and emphasizes community service and intellectual and personal growth. Alice Lloyd College says it makes education accessible to qualified mountain students regardless of their financial situation and emphasizes leadership and the liberal arts. Berklee College of Music describes its mission as fostering the study, practice, and teaching of music, theater, dance, and related arts. Interlochen Center for the Arts says it engages and inspires people through educational, artistic, and cultural programs.
Grantmaking
In 2025, the foundation gave $253,900 in 22 grants. Grants ranged from $4,400 to $50,000, with a median grant of $5,000. The largest reported grants were:
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Geographic Focus
Where this funder awards grants
In 2025, New York recipients received 43% of grant dollars, Massachusetts 15%, Kentucky 14%, Vermont 7%, and Michigan 6%.
Grant Distribution by State
Share of 2025 grant dollars across all 22 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $237K (2024) to $276K (2022). In 2025 it made 22 grants totaling $254K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Elmira College ($50K). Together the top 10 received $195K.
Grant Size Distribution
107 grants across all recorded years
The most common grant size was under $50K: 103 grants of 107 (96%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Elmira College Elmira, NY | Scholarship | $50,000 |
| Alice Lloyd College Pippa Passes, KY | Scholarship | $30,000 |
| Berklee College of Music Boston, MA | Scholarship | $25,000 |
| Cornell University Ithaca, NY | Scholarship | $20,000 |
| Manhattan School of Music New York, NY | Scholarship | $15,000 |
| Interlochen Center for the Arts Interlochen, MI | Scholarship | $15,000 |
| Vermont Law School South Royalton, VT | Scholarship | $12,500 |
| University of Massachusetts Amhers Amherst, MA | Scholarship | $12,000 |
| Marymount Manhattan College New York, NY | Scholarship | $10,000 |
| Johns Hopkins University Baltimore, MD | Scholarship | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $4,380,765 | $496,763 | $351,090 | $253,900 |
| 2024 | $4,230,774 | $209,192 | $331,954 | $237,000 |
| 2023 | $4,354,973 | $201,141 | $332,125 | $243,510 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $4,380,765 | $4,230,774 | $4,354,973 |
| Revenue | $496,763 | $209,192 | $201,141 |
| Expenses | $351,090 | $331,954 | $332,125 |
| Qualifying Distributions | $295,964 | $278,400 | $281,109 |
| Net Investment Income | $418,353 | $132,173 | $139,316 |
| Distributable Amount | $307,962 | $297,319 | $272,467 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 27, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 25, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 22, 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 6, 2026)
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists John F Parkin, Robert D Taisey, and Robert Scott Johnston as co-trustees.
Jephson Educational Trust #1 XXXXX0006's 2025 filing lists 3 officers; all 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
John F. Parkin
Co-Trustee
On filings since 2020
1 hr/week
$7K (2020) → $11K (2025)
Robert D. Taisey
Co-Trustee
On filings since 2020
1 hr/week
$7K (2020) → $656 (2025)
Robert Scott Johnston
Co-Trustee
New on the 2025 filing
1 hr/week
$5K (2025)
Data from IRS Form 990 filings, 2020–2025. "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 John F Parkin (Co-Trustee). 3 officers or directors reported compensation on that filing.
Contact
Mailing address: 10 S Dearborn Il1-0111, Chicago, IL 60603
Phone: (800) 496-2583
Frequently asked questions about Jephson Educational Trust #1 XXXXX0006
How much does Jephson Educational Trust #1 XXXXX0006 give each year?
Jephson Educational Trust #1 XXXXX0006 gave $254K across 22 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $237K across 24 grants.
What is Jephson Educational Trust #1 XXXXX0006's typical grant size?
Jephson Educational Trust #1 XXXXX0006's median grant in 2025 was $5,000, and its average grant was $11,541, across 22 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Jephson Educational Trust #1 XXXXX0006 that year got $15K on average.
Where does Jephson Educational Trust #1 XXXXX0006 give grants?
Jephson Educational Trust #1 XXXXX0006's top state is New York, with 43% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Massachusetts (15%) and Kentucky (14%). The most frequent recipient cities were New York, NY (2 grants).
Does Jephson Educational Trust #1 XXXXX0006 give general operating support?
Yes: 14% of Jephson Educational Trust #1 XXXXX0006's 2025 grants with a stated purpose (3 of 22) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Scholarship" (19 grants).
Who are Jephson Educational Trust #1 XXXXX0006's largest grantees?
Jephson Educational Trust #1 XXXXX0006's largest 2025 grantees include Elmira College ($50,000), Alice Lloyd College ($30,000) and Berklee College of Music ($25,000), according to its 2025 IRS Form 990-PF. Together they received 41% of its itemized 2025 grant dollars.
How large is Jephson Educational Trust #1 XXXXX0006?
Jephson Educational Trust #1 XXXXX0006 reported $4.4M in total assets on its 2025 IRS Form 990-PF. It paid out $296K in qualifying distributions that year, against a required minimum of $308K (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 Jephson Educational Trust #1 XXXXX0006 fund?
No mission statement for the foundation is provided. Its 2025 grants went to educational institutions, including colleges, universities, and arts and law schools; the filing lists scholarship as the purpose of the grants. See mission & focus areas ↑
How do I apply for a grant from Jephson Educational Trust #1 XXXXX0006?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Jephson Educational Trust #1 XXXXX0006's EIN?
Jephson Educational Trust #1 XXXXX0006's EIN (Employer Identification Number) is 13-6023169. IRS Form 990 filing data is available on this page for 2020–2025.
Does Jephson Educational Trust #1 XXXXX0006 accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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