Mary K Garr Scholarship Foundation Trust
The Mary K Garr Scholarship Foundation Trust is a private foundation based in Muncie, Indiana. Its 2025 filing describes scholarship awards for highly motivated students with superior academic achievement who are pursuing postsecondary education, with preference given to medical disciplines.
Mary K Garr Scholarship Foundation Trust at a glance
In short: Mary K Garr Scholarship Foundation Trust gave $77K across 13 grants in 2025 (avg $6K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $76,832
- -5.0% vs 2024
- Grants made (2025)
- 13
- +0.0% vs 2024
- Average grant
- $5,910
- -5.0% vs 2024
- Median grant
- $4,429
- Total assets
- $1,931,310
- +0.3% vs 2024
- Primary geography
- Indiana (89% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Mary K Garr Scholarship Foundation Trust
- Review Cycle
- March 15, 2025 was the filing’s stated deadline and is a past cycle.
- Deadline
- March 15, 2025 was the filing’s stated deadline and is a past cycle.
- Contact
Application contact: Debra Barker
Mailing address: 200 East Jackson Street, Muncie, IN 47305
Phone: (765) 747-1500
Email: dbarker@firstmerchants.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Mary K Garr Scholarship Foundation Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Lauren Huffman-Kimble & Ball State ($8K).
Organizations only. It also paid 12 individual scholarships ($68,552), which are not listed by name.
Grant Size Distribution
87 grants across all recorded years
The most common grant size was under $50K: 87 grants of 87 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 89% of grant dollars went to recipients in Indiana and 11% to recipients in Connecticut.
Grant Distribution by State
Share of 2025 grant dollars across all 13 itemized grants.
States
Cities
How Mary K Garr Scholarship Foundation Trust gives
- Giving fell 53% from 2022 to 2025. Method
- In 2025 it paid out 92% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $52K (2020) to $163K (2022). In 2025 it made 13 grants totaling $77K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 12 individual scholarships Recipients not named | — | $68,552 |
| Lauren Huffman-Kimble & Ball State Gaston, IN | Scholarship | $8,280 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,931,310 | $129,756 | $126,052 | $76,832 | 13 | $97,118 | $121,447 | $105,375 |
| 2024 | $1,926,211 | $796,470 | $108,565 | $80,871 | 13 | $100,569 | $788,454 | $92,445 |
| 2023 | $1,239,701 | $77,543 | $128,041 | $102,250 | 15 | $120,856 | $63,858 | $102,185 |
| 2022 | $1,290,735 | $36,022 | $187,873 | $162,500 | 23 | $177,834 | $31,436 | $99,509 |
| 2021 | $1,443,004 | $200,913 | $132,349 | $110,500 | 23 | $126,647 | $188,711 | $107,465 |
| 2020 | $1,374,643 | $55,860 | $74,875 | $52,000 | 16 | — | $50,550 | $96,332 |
| 2019 | $1,393,658 | $90,584 | $112,499 | $91,000 | 14 | — | $82,019 | $96,893 |
Under IRS private-foundation payout rules, Mary K Garr Scholarship Foundation Trust reported a distributable amount of $105K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated award restrictions indicate support for postsecondary scholarships. The filing gives preference to students pursuing medical disciplines.
Grantmaking
In filing year 2025, the foundation reported 13 grants totaling $76,832. Grant amounts ranged from $3,851 to $8,858, with a median of $4,429. The largest reported grant was $8,858 to an individual recipient in Indiana for a scholarship. Other listed awards included $8,280 scholarships to individual recipients in Indiana and Connecticut, and a scholarship listed with Ball State in Gaston, Indiana.
The filing states that the foundation does not restrict giving to preselected organizations. To apply, contact First Merchants Private Wealth Advisors for application forms. Awards are restricted to highly motivated students demonstrating superior academic achievement who are pursuing postsecondary education, with preference given to medical disciplines.
Leadership & Key People
Leadership team and compensation from IRS filings
First Merchants Private Wealth Advisors is listed as trustee on the 2025 filing.
Mary K Garr Scholarship Foundation Trust's only listed officer is First Merchants Private Wealth Advi ORS, Trustee on every filing since 2024 (compensated).
Officers on the 2025 filing
First Merchants Private Wealth Advi ORS
Trustee
On filings since 2024
1 hr/week
$25K (2024) → $26K (2025)
Former officers (1)
- Former: First Merchants Private Wlth Adviso (2019–2023) — Trustee
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 $26K, to First Merchants Private Wealth Advi ORS (Trustee).
Frequently asked questions about Mary K Garr Scholarship Foundation Trust
How much does Mary K Garr Scholarship Foundation Trust give each year?
Mary K Garr Scholarship Foundation Trust gave $77K across 13 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $81K across 13 grants.
What is Mary K Garr Scholarship Foundation Trust's typical grant size?
Mary K Garr Scholarship Foundation Trust's median grant in 2025 was $4,429, and its average grant was $5,910, across 13 grants on its 2025 IRS Form 990-PF.
Where does Mary K Garr Scholarship Foundation Trust give grants?
Mary K Garr Scholarship Foundation Trust gives mostly in Indiana: 89% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Connecticut (11%).
Does Mary K Garr Scholarship Foundation Trust give general operating support?
Not in 2025: none of the 13 grants with a stated purpose on Mary K Garr Scholarship Foundation Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (13 grants).
How large is Mary K Garr Scholarship Foundation Trust?
Mary K Garr Scholarship Foundation Trust reported $1.9M in total assets on its 2025 IRS Form 990-PF. It paid out $97K in qualifying distributions that year, against a required minimum of $105K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Mary K Garr Scholarship Foundation Trust fund?
The foundation’s stated award restrictions indicate support for postsecondary scholarships. The filing gives preference to students pursuing medical disciplines. See mission & focus areas ↑
How do I apply for a grant from Mary K Garr Scholarship Foundation Trust?
Mary K Garr Scholarship Foundation Trust has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
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 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 24, 2025)
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 1, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2019–2024
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