Martha J Shafer Charitable Scholars

GREENFIELD, IN EIN: 47-7291495

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

-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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $58K (92%)

Kentucky $5K (8%)

States

Indiana Kentucky

Cities

New CastlePikeville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.