Martin Jacob Scholarship Trust
MARTIN JACOB SCHOLARSHIP TRUST is a private foundation based in Covington, Indiana, that provides scholarships to graduating high school students in specified Indiana counties and Vermilion County, Illinois. Its 2024 filing is marked as the organization’s final return and reports no grants or assets; the foundation appears to have wound down or stopped grantmaking.
Key facts about Martin Jacob Scholarship Trust
- EIN
- 46-3678854
- Latest 990 filing
- Form 990-PF, 2024
- How to apply
- The 2024 filing says to contact the Covington Community Foundation and return a scholarship application on forms prescribed by the Trust. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Revenue
$3K
-76.0% YoY
Qualifying Distributions
$6K
-86.3% YoY
Expenses
$13K
-74.1% YoY
Under IRS private-foundation payout rules, Martin Jacob Scholarship Trust reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.
How Martin Jacob Scholarship Trust gives
- Giving held roughly steady from 2020 to 2023 (+8%). Method
- In 2024 it paid out 25% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
The filing describes scholarship eligibility and preferences but does not state a separate mission. Scholarships are available to graduating high school students from specified counties, with a preference for candidates residing in Fountain County, Indiana, who have a parent or grandparent who is serving or has served on active duty in the U.S. Armed Forces and was honorably discharged or is in good standing.
Grantmaking
The foundation reported 13 grants totaling $39,000 in 2023, an average of $3,000 per grant. In 2022, it reported 15 grants totaling $45,000, also averaging $3,000 per grant. The 2024 filing reports no grants.
Review Cycle
and specifies the scholarship restrictions described above. Because the filing is marked final, these instructions should not be treated as current.
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Geographic Focus
Where this funder awards grants
Eligible students may be graduating high school students from Fountain, Tippecanoe, Warren, Vermillion, Parke, and Montgomery Counties in Indiana; Vermilion County in Illinois; and additional counties if necessary. Preference is given to candidates residing in Fountain County, Indiana.
Grant Distribution by State
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $36K (2020) to $45K (2022). In 2023 it made 13 grants totaling $39K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
43 grants across all recorded years
The most common grant size was under $50K: 43 grants of 43 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | No assets reported | $3,328 | $13,009 | 0 |
| 2023 | $503,848 | $13,854 | $50,180 | $39,000 across 13 grants |
| 2022 | $534,477 | $13,270 | $58,827 | $45,000 across 15 grants |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $503,848 | $534,477 |
| Revenue | $3,328 | $13,854 | $13,270 |
| Expenses | $13,009 | $50,180 | $58,827 |
| Qualifying Distributions | $6,043 | $44,111 | $52,290 |
| Net Investment Income | $3,328 | $19,552 | $6,843 |
| Distributable Amount | $23,762 | $43,673 | $45,755 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Contact
Application contact: Covington Community Foundation
Mailing address: 135 S Stringtown Road, Covington, IN 47932
Phone: (765) 793-0702
Frequently asked questions about Martin Jacob Scholarship Trust
What does Martin Jacob Scholarship Trust fund?
The filing describes scholarship eligibility and preferences but does not state a separate mission. See mission & focus areas ↑
How do I apply for a grant from Martin Jacob Scholarship Trust?
The 2024 filing says to contact the Covington Community Foundation and return a scholarship application on forms prescribed by the Trust. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Martin Jacob Scholarship Trust make grants?
Eligible students may be graduating high school students from Fountain, Tippecanoe, Warren, Vermillion, Parke, and Montgomery Counties in Indiana; Vermilion County in Illinois; and additional counties if necessary. Preference is given to candidates residing in Fountain County, Indiana.
How much is Martin Jacob Scholarship Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Martin Jacob Scholarship Trust reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Martin Jacob Scholarship Trust's EIN?
Martin Jacob Scholarship Trust's EIN (Employer Identification Number) is 46-3678854. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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