Lucile Wells Schol FD
Lucile Wells Schol FD is a private foundation focused on Education, based in Chicago, IL. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $1.0M in total assets. In 2026, it awarded 6 grants totaling $46K. Net investment income was $81K.
Lucile Wells Schol FD at a glance
In short: Lucile Wells Schol FD gave $46K across 6 grants in 2026 (avg $8K), mostly in Wisconsin. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $46,499
- +6.0% vs 2025
- Grants made (2026)
- 6
- +0.0% vs 2025
- Average grant
- $7,750
- +6.0% vs 2025
- Median grant
- $5,400
- Total assets
- $1,044,038
- +2.3% vs 2025
- Primary geography
- Wisconsin (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated November 2026.
Who Lucile Wells Schol FD funds
How this funder distributes its grants
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 24 grants of 24 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 6 itemized grants.
States
Cities
How Lucile Wells Schol FD gives
- Giving held roughly steady from 2023 to 2026 (−3%). Method
- In 2026 it paid out 92% 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 2021 to 2026, annual grant giving ranged from $42K (2024) to $48K (2023). In 2026 it made 6 grants totaling $46K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 6 individual scholarships Recipients not named | — | $46,499 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,044,038 | $90,228 | $65,930 | $46,499 | 6 | $55,216 | $81,234 | $60,172 |
| 2025 | $1,020,182 | $103,771 | $61,442 | $43,859 | 6 | $51,938 | $94,707 | $54,579 |
| 2024 | $977,967 | $73,583 | $58,861 | $41,579 | 4 | $49,192 | $65,520 | $51,472 |
| 2023 | $963,526 | $108,373 | $65,125 | $48,096 | 5 | $55,995 | $99,348 | $49,478 |
| 2022 | $920,571 | $81,482 | $66,353 | $47,950 | 3 | $56,115 | $72,347 | $56,266 |
| 2021 | $905,951 | $79,795 | $58,738 | $42,076 | 7 | — | $70,759 | $56,005 |
Under IRS private-foundation payout rules, Lucile Wells Schol FD reported a distributable amount of $60K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Lucile Wells Schol FD's only listed officer is BMO Bank N A, Trustee on every filing since 2024 (compensated).
Officers on the 2026 filing
BMO Bank N A
Trustee
On filings since 2024
1 hr/week
$15K (2024) → $17K (2026)
Former officers (1)
- Former: BMO Harris Bank N A (2021–2023) — Trustee
Data from IRS Form 990 filings, 2021–2026. "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
The highest reported compensation on the 2026 filing was $17K, to BMO Bank N a (Trustee).
Frequently asked questions about Lucile Wells Schol FD
How much does Lucile Wells Schol FD give each year?
Lucile Wells Schol FD gave $46K across 6 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $44K across 6 grants.
What is Lucile Wells Schol FD's typical grant size?
Lucile Wells Schol FD's median grant in 2026 was $5,400, and its average grant was $7,750, across 6 grants on its 2026 IRS Form 990-PF.
Where does Lucile Wells Schol FD give grants?
Lucile Wells Schol FD gives mostly in Wisconsin: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there.
Does Lucile Wells Schol FD give general operating support?
Not in 2026: none of the 6 grants with a stated purpose on Lucile Wells Schol FD's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (6 grants).
How large is Lucile Wells Schol FD?
Lucile Wells Schol FD reported $1.0M in total assets on its 2026 IRS Form 990-PF. It paid out $55K in qualifying distributions that year, against a required minimum of $60K (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 is Lucile Wells Schol FD?
Lucile Wells Schol FD is a private foundation focused on Education, based in Chicago, IL. It holds $1.0M in total assets as of 2026.
What is Lucile Wells Schol FD's EIN?
Lucile Wells Schol FD's EIN (Employer Identification Number) is 39-6694943. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS September 8, 2026)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS December 9, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 10, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 28, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 17, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS September 25, 2025)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Lucile Wells Schol FD funds
Education Open opportunities, soonest deadline first.
- Innovation Award (Student Competition) $10,000 total scholarship pool ($5,000 first place, $2,500 second place, $1,500 third place, plus $1,000 Realtors' Choice Award) · Due November 10, 2026
- Expand Energy STEM Education Fund Grant Up to US $1,000 · Due November 10, 2026
- Scholarship Drawing Due November 10, 2026
Explore Open Grants
Browse active grant opportunities in Lucile Wells Schol FD's focus areas in our free grants database
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