Karl Schooler Scholarship Trust Fund
Karl Schooler Scholarship Trust Fund is a private foundation based in Ankeny, Iowa. Its filings report scholarship awards for educational purposes, and its 2025 grants went to recipients in Iowa.
Karl Schooler Scholarship Trust Fund at a glance
In short: Karl Schooler Scholarship Trust Fund gave $43K across 14 grants in 2025 (avg $3K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $42,500
- +6.3% vs 2024
- Grants made (2025)
- 14
- +100.0% vs 2024
- Average grant
- $3,036
- -46.9% vs 2024
- Median grant
- $2,500
- Total assets
- $694,111
- -2.2% vs 2024
- Primary geography
- Iowa (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 Karl Schooler Scholarship Trust Fund
- How to Apply
-
The 2023 filing says an application form is available upon request. It lists W R Schooler Sr as the contact and states there are no deadlines. Awards are restricted to residents of Warren County and are based on financial need.
- Contact
Application contact: W R Schooler Sr
Mailing address: P O Box K, Carlisle, IA 50047
Phone: (515) 988-4335
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Karl Schooler Scholarship Trust Fund funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Piper Kain ($5K). Together the top 10 received $35K.
Grant Size Distribution
62 grants across all recorded years
The most common grant size was under $50K: 62 grants of 62 (100%).
Geographic Focus
Where this funder awards grants
The 2025 grants were distributed entirely in Iowa. The 2023 filing states that scholarship applicants must reside in Warren County.
Grant Distribution by State
Share of 2025 grant dollars across all 14 itemized grants.
States
Cities
How Karl Schooler Scholarship Trust Fund gives
- 7% of 2025 grantees were also funded in 2024. Method
- Giving grew 750% from 2022 to 2025. Method
- In 2025 it paid out 109% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $5K (2022) to $123K (2023). In 2025 it made 14 grants totaling $43K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Piper Kain Indianola, IA | Education | $5,000 |
| Devan Morgan Indianola, IA | Education | $5,000 |
| Conlan Livental Indianola, IA | Education | $5,000 |
| Abigail Barry Indianola, IA | Education | $5,000 |
| Emma Irlmeier Indianola, IA | Education | $2,500 |
| Lizzy Orey Indianola, IA | Education | $2,500 |
| Joshua Noring Indianola, IA | Education | $2,500 |
| Kolten Meley Indianola, IA | Education | $2,500 |
| Tara Johnson Indianola, IA | Education | $2,500 |
| Brady Streeter Indianola, IA | Education | $2,500 |
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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 | $694,111 | $45,676 | $61,632 | $42,500 | 14 | $44,341 | $45,426 | $40,579 |
| 2024 | $710,067 | $35,436 | $98,499 | $40,000 | 7 | $35,594 | $26,316 | $40,088 |
| 2023 | $773,130 | $-37,632 | $132,695 | $122,500 | 39 | $122,534 | $31,437 | $44,110 |
| 2022 | $943,457 | $69,355 | $17,761 | $5,000 | 2 | $7,024 | $69,355 | $46,278 |
Under IRS private-foundation payout rules, Karl Schooler Scholarship Trust Fund reported a distributable amount of $41K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s 2023 filing describes direct charitable activity as providing scholarships to seven students for educational purposes. The filing states that awards are based on financial need and require applicants to be residents of Warren County.
Grantmaking
In filing year 2025, the foundation gave 14 grants totaling $42,500. Grants ranged from $1,250 to $5,000, with a median grant of $2,500. Among the largest listed awards, Piper Kain, Devan Morgan, Conlan Livental, and Abigail Barry each received $5,000 for education. Emma Irlmeier, Lizzy Orey, Joshua Noring, Kolten Meley, Tara Johnson, Brady Streeter, Vincent Anderson, and a recipient listed as Other Student each received $2,500 for education.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Landen Schooler and R Dale Sikes as trustees.
Karl Schooler Scholarship Trust Fund's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Landen Schooler
Trustee
On filings since 2022
1 hr/week
No compensation reported
R. Dale Sikes
Trustee
On filings since 2023
2 hrs/week
No compensation reported
Former officers (1)
- Former: William Schooler (2022–2023) — Trustee
Data from IRS Form 990 filings, 2022–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Karl Schooler Scholarship Trust Fund
How much does Karl Schooler Scholarship Trust Fund give each year?
Karl Schooler Scholarship Trust Fund gave $43K across 14 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $40K across 7 grants.
What is Karl Schooler Scholarship Trust Fund's typical grant size?
Karl Schooler Scholarship Trust Fund's median grant in 2025 was $2,500, and its average grant was $3,036, across 14 grants on its 2025 IRS Form 990-PF.
Where does Karl Schooler Scholarship Trust Fund give grants?
Karl Schooler Scholarship Trust Fund gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Indianola, IA (14 grants).
Does Karl Schooler Scholarship Trust Fund give general operating support?
Not in 2025: none of the 14 grants with a stated purpose on Karl Schooler Scholarship Trust Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (14 grants).
Who are Karl Schooler Scholarship Trust Fund's largest grantees?
Karl Schooler Scholarship Trust Fund's largest 2025 grantees include Piper Kain ($5,000), Devan Morgan ($5,000) and Conlan Livental ($5,000), according to its 2025 IRS Form 990-PF. Together they received 35% of its itemized 2025 grant dollars.
How large is Karl Schooler Scholarship Trust Fund?
Karl Schooler Scholarship Trust Fund reported $694K in total assets on its 2025 IRS Form 990-PF. It paid out $44K in qualifying distributions that year, against a required minimum of $41K (roughly 5% of its investment assets).
What does Karl Schooler Scholarship Trust Fund fund?
The foundation’s 2023 filing describes direct charitable activity as providing scholarships to seven students for educational purposes. The filing states that awards are based on financial need and require applicants to be residents of Warren County. See mission & focus areas ↑
How do I apply for a grant from Karl Schooler Scholarship Trust Fund?
The 2023 filing says an application form is available upon request. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Karl Schooler Scholarship Trust Fund's EIN?
Karl Schooler Scholarship Trust Fund's EIN (Employer Identification Number) is 42-1494825. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 9, 2024)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 19, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 22, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 28, 2026)
- IRS filings on file for fiscal years 2022–2025
Live grants for the work Karl Schooler Scholarship Trust Fund funds
Education Open opportunities, soonest deadline first.
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