Lois Porterfield Trovillo Memorial Scholarship Fund

Private foundation · Grantmaker Burlington, IA EIN: 42-6088390

Lois Porterfield Trovillo Memorial Scholarship Fund is a private foundation, based in Burlington, IA. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $339K in total assets. In 2026, it awarded 1 grant totaling $15K. Net investment income was $11K.

Key facts about Lois Porterfield Trovillo Memorial Scholarship Fund

In short: Lois Porterfield Trovillo Memorial Scholarship Fund gave $15K across 1 grant in 2026 (avg $15K), mostly in Indiana. Source: 2026 IRS Form 990-PF.

EIN
42-6088390
Latest 990 filing
Form 990-PF, 2026
Annual giving (2026)
$15,000
Grants made (2026)
1
Average grant
$15,000
Median grant
$15,000
Total assets
$338,864
Primary geography
Indiana (100% of itemized 2026 grant dollars)

Data from IRS Form 990-PF, 2026; updated October 2026.

Financial Overview

From 2026 IRS Form 990-PF · View filing

Total Assets

$339K

+1.8% YoY

Annual Giving

$15K

Grant Count

1

Avg Grant Size

$15K

Under IRS private-foundation payout rules, Lois Porterfield Trovillo Memorial Scholarship Fund reported a distributable amount of $20K for 2026 — the minimum it must pay out in qualifying distributions.

How Lois Porterfield Trovillo Memorial Scholarship Fund gives

  • Giving grew 25% from 2023 to 2026. Method
  • In 2026 it paid out 105% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of the 2026 grant dollars on its one itemized grant.

Cities

Spring ValleyHammond

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K$20K1 grant2020 0 grants2021 1 grant2022 1 grant2023 0 grants2024 0 grants2025 1 grant2026

From 2020 to 2026, annual grant giving ranged from $5K (2022) to $16K (2020). In 2026 it made 1 grant totaling $15K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

3 grants across all recorded years

3<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 3 grants of 3 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
1 individual scholarship Recipients not named —$15,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$10K$20K$30K$40K2020 2021 2022 2023 2024 2025 2026
Metric202620252024
Total Assets$338,864$332,800$312,287
Revenue$32,626$26,410$24,811
Expenses$26,562$5,897$3,682
Qualifying Distributions$20,731——
Net Investment Income$10,842$6,591$7,473
Distributable Amount$19,671$17,792$15,954

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2026 (received by the IRS August 14, 2026)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 19, 2020)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS August 18, 2021)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS June 1, 2022)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS August 14, 2023)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS June 25, 2024)
  7. Updated Form 990-PF for fiscal year 2025 (received by the IRS July 25, 2025)
  8. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Lois Porterfield Trovillo Memorial Scholarship Fund's only listed officer is First MID Bank & Trust, Trustee on the 2026 filing (compensated).

Officers on the 2026 filing

  • First MID Bank & Trust

    Trustee

    New on the 2026 filing

    1 hr/week

    $4K (2026)

Former officers (1)
  • Former: TWO Rivers Bank & Trust (2020–2025) — Trustee

Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2026 IRS filing

First Mid Bank & Trust — Trustee: $4KFirst Mid Bank & TrustTrustee$4K

The highest reported compensation on the 2026 filing was $4K, to First Mid Bank & Trust (Trustee).

Frequently asked questions about Lois Porterfield Trovillo Memorial Scholarship Fund

How much does Lois Porterfield Trovillo Memorial Scholarship Fund give each year?

Lois Porterfield Trovillo Memorial Scholarship Fund gave $15K across 1 grant in 2026, according to its 2026 IRS Form 990-PF.

How large is Lois Porterfield Trovillo Memorial Scholarship Fund?

Lois Porterfield Trovillo Memorial Scholarship Fund reported $339K in total assets on its 2026 IRS Form 990-PF. It paid out $21K in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets).

Where does Lois Porterfield Trovillo Memorial Scholarship Fund operate?

Lois Porterfield Trovillo Memorial Scholarship Fund has awarded grants in Illinois, Indiana.

What is Lois Porterfield Trovillo Memorial Scholarship Fund's EIN?

Lois Porterfield Trovillo Memorial Scholarship Fund's EIN (Employer Identification Number) is 42-6088390. IRS Form 990 filing data is available on this page for 2020–2026.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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