Leroy Pease Scholarship Fund
Leroy Pease Scholarship Fund is a private foundation, based in Burlington, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $11K in total assets. Net investment income was $72.
Leroy Pease Scholarship Fund at a glance
- Total assets
- $10,537
- +0.7% vs 2024
- Revenue (2025)
- $567
- -1.2% vs 2024
- Net investment income (2025)
- $72
- -23.4% vs 2024
- Expenses (2025)
- $496
- -48.1% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Leroy Pease Scholarship Fund funds
How this funder distributes its grants
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Leroy Pease Scholarship Fund gives
- Giving fell 50% from 2021 to 2024. Method
- In 2024 it paid out 91% 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 2024, annual grant giving ranged from $475 (2023) to $950 (2022). In 2024 it made 1 grant totaling $475.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $475 |
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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 | $10,537 | $567 | $496 | — | — | — | $72 | $524 |
| 2024 | $10,466 | $574 | $955 | $475 | 1 | $475 | $94 | $522 |
| 2023 | $10,847 | $79 | $930 | $475 | 1 | $475 | — | $529 |
| 2022 | $11,698 | $390 | $1,387 | $950 | 2 | $950 | — | $614 |
| 2021 | $12,695 | $781 | $1,384 | $950 | 2 | $1,075 | $494 | $676 |
| 2020 | $13,298 | $802 | $1,384 | $950 | 2 | — | $314 | $701 |
| 2019 | $13,880 | $697 | $1,385 | $950 | 2 | — | $405 | $701 |
Under IRS private-foundation payout rules, Leroy Pease Scholarship Fund reported a distributable amount of $524 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Leroy Pease Scholarship Fund's only listed officer is TWO Rivers Bank Trust, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
TWO Rivers Bank Trust
Trustee
On filings since 2019
$180 (2019) → $180 (2025)
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 $180, to Two Rivers Bank Trust (Trustee).
Frequently asked questions about Leroy Pease Scholarship Fund
How large is Leroy Pease Scholarship Fund?
Leroy Pease Scholarship Fund reported $11K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $567.
Where does Leroy Pease Scholarship Fund operate?
Leroy Pease Scholarship Fund has awarded grants in Iowa.
How much is Leroy Pease Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Leroy Pease Scholarship Fund reported a distributable amount of $524 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Leroy Pease Scholarship Fund's EIN?
Leroy Pease Scholarship Fund's EIN (Employer Identification Number) is 42-6163969. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 4, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 19, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2019–2024
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Figures come from Leroy Pease Scholarship Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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