Lula Mae Blair Scholarship Trust

FAIRMOUNT, IN EIN: 35-6532078

Lula Mae Blair Scholarship Trust is a private foundation focused on N/A, based in FAIRMOUNT, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $321K in total assets. In 2024, it awarded 7 grants totaling $16K. Net investment income was $5K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$321K

-3.6% YoY

Annual Giving

$16K

-4.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$2K

-4.4% YoY

Under IRS private-foundation payout rules, Lula Mae Blair Scholarship Trust reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.

About Lula Mae Blair Scholarship Trust

Based on IRS filings

Focus Areas

N/A

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $88K (100%)

States

Indiana

Cities

FairmountMarionSummitville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$321,179	$333,293	$346,926
Revenue	$5,250	$4,420	$3,882
Expenses	$17,364	$18,053	$18,634
Qualifying Distributions	$16,771	$17,458	$18,177
Net Investment Income	$4,712	$3,946	$3,425
Distributable Amount	$16,048	$16,709	$17,433

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

37 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Jonathan Pratt ($2,319), Emily Pax ($2,319), Emma Brummett ($2,319).

Recipient	Purpose	Amount
JONATHAN PRATT SUMMITVILLE, IN	EDUCATION	$2,319
EMILY PAX FAIRMOUNT, IN	EDUCATION	$2,319
EMMA BRUMMETT FAIRMOUNT, IN	EDUCATION	$2,319
ETHAN WINCHESTER FAIRMOUNT, IN	EDUCATION	$2,319
GABRIELLE RUDY SUMMITVILLE, IN	EDUCATION	$2,319
JASE HOWELL SUMMITVILLE, IN	EDUCATION	$2,319
CHLOE CURTIS MARION, IN	EDUCATION	$2,319

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FAIRMOUNT STATE BANK TRUST DPT	TRUSTEE	2	$636

Subject Areas

Focus areas based on grantmaking activity

N/A

Frequently Asked Questions

What is Lula Mae Blair Scholarship Trust?

Lula Mae Blair Scholarship Trust is a private foundation focused on N/A, based in FAIRMOUNT, IN. It holds $321K in total assets as of 2024.

How large is Lula Mae Blair Scholarship Trust?

As of 2024, Lula Mae Blair Scholarship Trust holds $321K in total assets with $5K in annual revenue. It awarded 7 grants totaling $16K in 2024.

Where does Lula Mae Blair Scholarship Trust operate?

Lula Mae Blair Scholarship Trust has awarded grants in Indiana.

What size grants does Lula Mae Blair Scholarship Trust award?

In 2024, Lula Mae Blair Scholarship Trust awarded 7 grants totaling $16K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Lula Mae Blair Scholarship Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Lula Mae Blair Scholarship Trust reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Lula Mae Blair Scholarship Trust's EIN?

Lula Mae Blair Scholarship Trust's EIN (Employer Identification Number) is 35-6532078. IRS Form 990 filing data is available on this page for 2020–2024.