Martha Lucille Raffety Scholarship Trust
Martha Lucille Raffety Scholarship Trust is a private foundation, based in Ashland, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $214K in total assets. In 2025, it awarded 1 grant totaling $10K. Net investment income was $8K.
Key facts about Martha Lucille Raffety Scholarship Trust
In short: Martha Lucille Raffety Scholarship Trust gave $10K across 1 grant in 2025 (avg $10K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- EIN
- 27-6990134
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $10,444
- Grants made (2025)
- 1
- Average grant
- $10,444
- Median grant
- $10,444
- Total assets
- $213,873
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated October 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$214K
-1.7% YoY
Annual Giving
$10K
-3.8% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$10K
-3.8% YoY
Under IRS private-foundation payout rules, Martha Lucille Raffety Scholarship Trust reported a distributable amount of $10K for 2025 — the minimum it must pay out in qualifying distributions.
How Martha Lucille Raffety Scholarship Trust gives
- Giving held roughly steady from 2022 to 2025 (−15%). Method
- In 2025 it paid out 102% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $10K (2025) to $13K (2019). In 2025 it made 1 grant totaling $10K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Porta School Foundation ($10K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Porta School Foundation Petersburg, IL | 2025 Annual Donation | $10,444 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $213,873 | $217,669 | $222,459 |
| Revenue | $8,588 | $8,131 | $6,340 |
| Expenses | $12,357 | $12,921 | $13,426 |
| Qualifying Distributions | $10,444 | $10,861 | $11,480 |
| Net Investment Income | $8,073 | $6,133 | $4,450 |
| Distributable Amount | $10,235 | $10,444 | $10,861 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 30, 2020)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 3, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 28, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 25, 2025)
Leadership & Key People
Officers and directors from IRS filings
Martha Lucille Raffety Scholarship Trust's only listed officer is West Central Bank, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
West Central Bank
Trustee
On filings since 2019
1 hr/week
$2K (2019) → $1K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $1K, to West Central Bank (Trustee).
Frequently asked questions about Martha Lucille Raffety Scholarship Trust
How much does Martha Lucille Raffety Scholarship Trust give each year?
Martha Lucille Raffety Scholarship Trust gave $10K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 1 grant.
How large is Martha Lucille Raffety Scholarship Trust?
Martha Lucille Raffety Scholarship Trust reported $214K in total assets on its 2025 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
Where does Martha Lucille Raffety Scholarship Trust operate?
Martha Lucille Raffety Scholarship Trust has awarded grants in Illinois.
What is Martha Lucille Raffety Scholarship Trust's EIN?
Martha Lucille Raffety Scholarship Trust's EIN (Employer Identification Number) is 27-6990134. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Martha Lucille Raffety Scholarship Trust by hand.
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