Jerry D Lenon Memorial Scholarship Trust
The Jerry D Lenon Memorial Scholarship Trust is a private foundation based in North Manchester, Indiana. Its 2024 filing reports grants to individual recipients for college scholarships, with all reported grant dollars going to recipients in Indiana.
Jerry D Lenon Memorial Scholarship Trust at a glance
In short: Jerry D Lenon Memorial Scholarship Trust gave $118K across 33 grants in 2024 (avg $4K), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $117,985
- +13.3% vs 2023
- Grants made (2024)
- 33
- -5.7% vs 2023
- Average grant
- $3,575
- +20.2% vs 2023
- Median grant
- $2,500
- Total assets
- $2,128,826
- +1.6% vs 2023
- Primary geography
- Indiana (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Jerry D Lenon Memorial Scholarship Trust
- How to Apply
-
The 2023 filing directs applicants to submit a completed application to the main office of either school. These instructions describe a past application cycle and should not be treated as current.
- Review Cycle
- The filing lists March 15 and specifies submission by the third Friday in March. This is a past deadline.
- Deadline
- The filing lists March 15 and specifies submission by the third Friday in March.
- Contact
Application contact: Wealth Mngt Office
Mailing address: First Financial Bank, 4 E Main St, Flora, IN 46929
Phone: (888) 452-1744
Email: mallory.sanders@bankatfirst.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Jerry D Lenon Memorial Scholarship Trust funds
How this funder distributes its grants
Grant Size Distribution
149 grants across all recorded years
The most common grant size was under $50K: 149 grants of 149 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for filing year 2024 went to recipients in Indiana.
Grant Distribution by State
Share of 2024 grant dollars across all 33 itemized grants.
States
Cities
How Jerry D Lenon Memorial Scholarship Trust gives
- Giving held roughly steady from 2021 to 2024 (−4%). Method
- In 2024 it paid out 109% 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 2020 to 2024, annual grant giving ranged from $101K (2020) to $123K (2021). In 2024 it made 33 grants totaling $118K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 33 individual scholarships Recipients not named | — | $117,985 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,128,826 | $188,775 | $154,331 | $117,985 | 33 | $133,329 | $167,773 | $121,770 |
| 2023 | $2,094,384 | $48,309 | $141,498 | $104,118 | 35 | $118,737 | $44,301 | $118,639 |
| 2022 | $2,187,573 | $182,544 | $161,943 | $117,526 | 33 | $137,034 | $159,135 | $128,873 |
| 2021 | $2,166,972 | $157,249 | $158,866 | $122,783 | 27 | — | $136,520 | $138,086 |
| 2020 | $2,168,589 | $74,612 | $133,596 | $100,744 | 21 | — | $56,303 | $120,640 |
Under IRS private-foundation payout rules, Jerry D Lenon Memorial Scholarship Trust reported a distributable amount of $122K for 2024 — 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 grant information shows support for college scholarships. The sources do not state a broader mission.
Grantmaking
In filing year 2024, the trust reported 33 grants totaling $117,985. Grants ranged from $491 to $8,000, with a median of $2,500. Its largest reported grants were $8,000, $7,500, and $7,494, each for a college scholarship to an individual recipient in Indiana.
The trust’s 2023 filing states that it does not restrict giving to preselected organizations. It describes an application process for eligible students at Carroll Jr-Sr High School or Delphi Community High School, including current scholarship recipients seeking renewal. Applicants had to be graduating by the end of summer school of the academic year, be accepted as full-time students in a bachelor’s program at an accredited public or private college or university, and begin studies by the following fall. The filing also lists a restriction concerning family relationships to members of the scholarship selection committee.
The filing says applications were available in the guidance offices at the two schools. Required materials included a personal data sheet, family resources form, community/work/school activities form, two recommendation request forms with letters, academic certification form, student/parent/guardian certification and agreements form, and a career and ability essay outline. Applicants also had to include an official transcript with SAT and/or ACT scores and a FAFSA SARS report on expected family contribution.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists First Financial Bank as trustee.
Jerry D Lenon Memorial Scholarship Trust's only listed officer is First Financial Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2024 filing
First Financial Bank
Trustee
On filings since 2020
4 hrs/week
$30K (2020) → $33K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $33K, to First Financial Bank (Trustee).
Frequently asked questions about Jerry D Lenon Memorial Scholarship Trust
How much does Jerry D Lenon Memorial Scholarship Trust give each year?
Jerry D Lenon Memorial Scholarship Trust gave $118K across 33 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $104K across 35 grants.
What is Jerry D Lenon Memorial Scholarship Trust's typical grant size?
Jerry D Lenon Memorial Scholarship Trust's median grant in 2024 was $2,500, and its average grant was $3,575, across 33 grants on its 2024 IRS Form 990-PF.
Where does Jerry D Lenon Memorial Scholarship Trust give grants?
Jerry D Lenon Memorial Scholarship Trust gives mostly in Indiana: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Jerry D Lenon Memorial Scholarship Trust give general operating support?
Not in 2024: none of the 33 grants with a stated purpose on Jerry D Lenon Memorial Scholarship Trust's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "College Scholarship" (33 grants).
How large is Jerry D Lenon Memorial Scholarship Trust?
Jerry D Lenon Memorial Scholarship Trust reported $2.1M in total assets on its 2024 IRS Form 990-PF. It paid out $133K in qualifying distributions that year, against a required minimum of $122K (roughly 5% of its investment assets).
What does Jerry D Lenon Memorial Scholarship Trust fund?
The available grant information shows support for college scholarships. The sources do not state a broader mission. See mission & focus areas ↑
How do I apply for a grant from Jerry D Lenon Memorial Scholarship Trust?
The 2023 filing directs applicants to submit a completed application to the main office of either school. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Jerry D Lenon Memorial Scholarship Trust's EIN?
Jerry D Lenon Memorial Scholarship Trust's EIN (Employer Identification Number) is 81-6333277. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 31, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 24, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 9, 2025)
- IRS filings on file for fiscal years 2020–2024
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