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 $477K in total assets. In 2024, it awarded 7 grants totaling $23K. Net investment income was $23K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$477K
-0.5% YoY
Annual Giving
$23K
Grant Count
7
Avg Grant Size
$3K
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
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 $477K in total assets. In 2024, it awarded 7 grants totaling $23K. Net investment income was $23K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $477,442 | $479,916 | $470,659 |
| Revenue | $34,042 | $19,604 | $8,248 |
| Expenses | $36,516 | $10,482 | $17,618 |
| Qualifying Distributions | $27,688 | $3,870 | $11,948 |
| Net Investment Income | $22,758 | $19,607 | $11,123 |
| Distributable Amount | $22,976 | $23,569 | $23,788 |
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
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Gabriella M Sherry ($5,000), Macy I Bullington ($3,000), Erica R Buening ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MACY I BULLINGTON INDIANAPOLIS, IN | SCHOLARSHIP | $3,000 |
| ERICA R BUENING FRANKLIN, IN | SCHOLARSHIP | $3,000 |
| BREANNA M GRAY UPLAND, IN | SCHOLARSHIP | $3,000 |
| AIDAN JEFRY FRANKLIN, IN | SCHOLARSHIP | $3,000 |
| MACKENSIE M OWENS INDIANAPOLIS, IN | SCHOLARSHIP | $3,000 |
| ADDISON LIVORNO HANOVER, IN | SCHOLARSHIP | $3,000 |
| GABRIELLA M SHERRY FRANKLIN, IN | SCHOLARSHIP | $5,000 |
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
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 $477K in total assets as of 2024.
How large is Marian L Gilmore Scholarship Trust?
As of 2024, Marian L Gilmore Scholarship Trust holds $477K in total assets with $34K in annual revenue. It awarded 7 grants totaling $23K in 2024.
Where does Marian L Gilmore Scholarship Trust operate?
Marian L Gilmore Scholarship Trust has awarded grants in Indiana.
What size grants does Marian L Gilmore Scholarship Trust award?
In 2024, Marian L Gilmore Scholarship Trust awarded 7 grants totaling $23K — an average of about $3K 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 35-6700223. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.