Marian L Gilmore Scholarship Trust

FRANKLIN, IN EIN: 35-6700224

Marian L Gilmore Scholarship Trust is a private foundation focused on Education, based in FRANKLIN, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $476K in total assets. In 2024, it awarded 6 grants totaling $14K. Net investment income was $22K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$476K

+1.3% YoY

Annual Giving

$14K

+332.8% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$2K

+188.6% YoY

Under IRS private-foundation payout rules, Marian L Gilmore Scholarship Trust reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.

About Marian L Gilmore Scholarship Trust

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $34K (92%)

Illinois $3K (8%)

States

Illinois Indiana

Cities

BloomingtonCarbondaleCrawfordsvilleGreencastleIndianapolisWest Lafayette

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$475,932	$469,648	$463,598
Revenue	$33,521	$19,129	$8,270
Expenses	$27,249	$13,679	$17,947
Qualifying Distributions	$19,183	$7,155	$11,887
Net Investment Income	$22,209	$19,132	$11,114
Distributable Amount	$22,935	$22,940	$23,561

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

21 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Iupui ($3,575), Wabash College ($3,574), Depauw University ($2,400).

Recipient	Purpose	Amount
PURDUE UNIVERSITY WEST LAFAYETTE, IN	SCHOLARSHIP	$1,174
INDIANA UNIVERSITY BLOOMINGTON, IN	SCHOLARSHIP	$1,174
IUPUI INDIANAPOLIS, IN	SCHOLARSHIP	$3,575
WABASH COLLEGE CRAWFORDSVILLE, IN	SCHOLARSHIP	$3,574
DEPAUW UNIVERSITY GREENCASTLE, IN	SCHOLARSHIP	$2,400
INDIANA UNIVERSITY BLOOMINGTON, IN	SCHOLARSHIP	$2,400

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ROBERT D HEUCHAN	TRUSTEE	—	$3,400

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Marian L Gilmore Scholarship Trust?

Marian L Gilmore Scholarship Trust is a private foundation focused on Education, based in FRANKLIN, IN. It holds $476K in total assets as of 2024.

How large is Marian L Gilmore Scholarship Trust?

As of 2024, Marian L Gilmore Scholarship Trust holds $476K in total assets with $34K in annual revenue. It awarded 6 grants totaling $14K in 2024.

Where does Marian L Gilmore Scholarship Trust operate?

Marian L Gilmore Scholarship Trust has awarded grants in Illinois, Indiana.

What size grants does Marian L Gilmore Scholarship Trust award?

In 2024, Marian L Gilmore Scholarship Trust awarded 6 grants totaling $14K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Marian L Gilmore Scholarship Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Marian L Gilmore Scholarship Trust reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Marian L Gilmore Scholarship Trust's EIN?

Marian L Gilmore Scholarship Trust's EIN (Employer Identification Number) is 35-6700224. IRS Form 990 filing data is available on this page for 2020–2024.