Mary K Garr Scholarship Foundation Trust

MUNCIE, IN EIN: 35-1938040

Mary K Garr Scholarship Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MUNCIE, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 13 grants totaling $81K. Net investment income was $788K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.9M

+55.4% YoY

Annual Giving

$81K

-20.9% YoY

Grant Count

-13.3% YoY

Avg Grant Size

$6K

-8.7% YoY

Under IRS private-foundation payout rules, Mary K Garr Scholarship Foundation Trust reported a distributable amount of $92K for 2024 — the minimum it must pay out in qualifying distributions.

About Mary K Garr Scholarship Foundation Trust

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 $508K (100%)

States

Indiana

Cities

AlbanyGastonMnucieMuncieSelmaYorktown

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,926,211	$1,239,701	$1,290,735
Revenue	$796,470	$77,543	$36,022
Expenses	$108,565	$128,041	$187,873
Qualifying Distributions	$100,569	$120,856	$177,834
Net Investment Income	$788,454	$63,858	$31,436
Distributable Amount	$92,445	$102,185	$99,509

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

90 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Andrew Shrock & Michigan Tech University ($7,702), Ashleigh Brelage & Miami University ($7,702), Dametrius Hall & Grace College ($7,702).

Recipient	Purpose	Amount
ANDREW SHROCK & MICHIGAN TECH UNIVERSITY SELMA, IN	SCHOLARSHIP	$7,702
ASHLEIGH BRELAGE & MIAMI UNIVERSITY MUNCIE, IN	SCHOLARSHIP	$7,702
CASSANDRA LOMBARDI AND MUNCIE, IN	SCHOLARSHIP	$3,851
DAMETRIUS HALL & GRACE COLLEGE MUNCIE, IN	SCHOLARSHIP	$7,702
ELLA PICHE & BALL STATE UNIVERSITY MUNCIE, IN	SCHOLARSHIP	$7,702
EMILY HALL & GRACE COLLEGE MUNCIE, IN	SCHOLARSHIP	$7,702
OLIVIA GICK MUNCIE, IN	SCHOLARSHIP	$7,702
JACI KNOTT AND TAYLOR UNIVERSITY MUNCIE, IN	SCHOLARSHIP	$7,702
LAUREN HUFFMAN-KIMBLE & BALL STATE GASTON, IN	SCHOLARSHIP	$3,851
LAUREN SMITH AND ANDERSON UNIVERSITY MUNCIE, IN	SCHOLARSHIP	$3,851

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Mary K Garr Scholarship Foundation Trust?

Mary K Garr Scholarship Foundation Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MUNCIE, IN. It holds $1.9M in total assets as of 2024.

How large is Mary K Garr Scholarship Foundation Trust?

As of 2024, Mary K Garr Scholarship Foundation Trust holds $1.9M in total assets with $796K in annual revenue. It awarded 13 grants totaling $81K in 2024.

Where does Mary K Garr Scholarship Foundation Trust operate?

Mary K Garr Scholarship Foundation Trust has awarded grants in Indiana.

What size grants does Mary K Garr Scholarship Foundation Trust award?

In 2024, Mary K Garr Scholarship Foundation Trust awarded 13 grants totaling $81K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is Mary K Garr Scholarship Foundation Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mary K Garr Scholarship Foundation Trust reported a distributable amount of $92K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Mary K Garr Scholarship Foundation Trust's EIN?

Mary K Garr Scholarship Foundation Trust's EIN (Employer Identification Number) is 35-1938040. IRS Form 990 filing data is available on this page for 2019–2024.