Martha J Shafer Charitable Scholars
Martha J Shafer Charitable Scholars is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENFIELD, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $748K in total assets. In 2024, it awarded 1 grants totaling $5K. Net investment income was $17K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$748K
-0.5% YoY
Annual Giving
$5K
-77.6% YoY
Grant Count
1
-75.0% YoY
Avg Grant Size
$5K
-10.4% YoY
Under IRS private-foundation payout rules, Martha J Shafer Charitable Scholars reported a distributable amount of $44K for 2024 — the minimum it must pay out in qualifying distributions.
About Martha J Shafer Charitable Scholars
Based on IRS filings
Martha J Shafer Charitable Scholars is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENFIELD, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $748K in total assets. In 2024, it awarded 1 grants totaling $5K. Net investment income was $17K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $748,108 | $752,043 | $774,524 |
| Revenue | $27,459 | $20,348 | $200,509 |
| Expenses | $21,744 | $42,829 | $31,683 |
| Qualifying Distributions | $11,394 | $27,341 | $19,613 |
| Net Investment Income | $16,644 | $2,893 | $186,251 |
| Distributable Amount | $44,172 | $46,867 | $42,911 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Kenaniah Williamson ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| KENANIAH WILLIAMSON PIKEVILLE, KY | 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 |
|---|---|---|---|
| GREENFIELD BANKING COMPANY | SUCCESSOR TRUSTEE | 2 | $8,693 |
| CITIZENS STATE BANK | PRIOR TRUSTEE | 2 | $2,356 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Martha J Shafer Charitable Scholars?
Martha J Shafer Charitable Scholars is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GREENFIELD, IN. It holds $748K in total assets as of 2024.
How large is Martha J Shafer Charitable Scholars?
As of 2024, Martha J Shafer Charitable Scholars holds $748K in total assets with $27K in annual revenue. It awarded 1 grants totaling $5K in 2024.
Where does Martha J Shafer Charitable Scholars operate?
Martha J Shafer Charitable Scholars has awarded grants in Indiana, Kentucky.
What size grants does Martha J Shafer Charitable Scholars award?
In 2024, Martha J Shafer Charitable Scholars awarded 1 grants totaling $5K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Martha J Shafer Charitable Scholars required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Martha J Shafer Charitable Scholars reported a distributable amount of $44K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Martha J Shafer Charitable Scholars's EIN?
Martha J Shafer Charitable Scholars's EIN (Employer Identification Number) is 47-7291495. 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.