Max Alberts Schol FD
Max Alberts Schol FD is a private foundation, based in Westerville, OH. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $621K in total assets. In 2026, it awarded 5 grants totaling $40K. Net investment income was $26K.
Max Alberts Schol FD at a glance
In short: Max Alberts Schol FD gave $40K across 5 grants in 2026 (avg $8K), mostly in Wisconsin. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $39,910
- +12.5% vs 2025
- Grants made (2026)
- 5
- +25.0% vs 2025
- Average grant
- $7,982
- -10.0% vs 2025
- Median grant
- $7,982
- Total assets
- $621,412
- -2.4% vs 2025
- Primary geography
- Wisconsin (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated November 2026.
Who Max Alberts Schol FD funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2026
The largest 2026 recipient was University of Wisconsion - Oshkosh ($8K). Together the top 5 received $40K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 5 itemized grants.
Cities
How Max Alberts Schol FD gives
- Giving held roughly steady from 2023 to 2026 (−12%). Method
- In 2026 it paid out 97% 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 2020 to 2026, annual grant giving ranged from $28K (2024) to $45K (2023). In 2026 it made 5 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Wisconsion - Oshkosh Oshkosh, WI | Scholarship | $7,982 |
| University of Wisconsion - Milwaukee Milwaukee, WI | Scholarship | $7,982 |
| Madison College Madison, WI | Scholarship | $7,982 |
| University of Wisconsin - Madison Madison, WI | Scholarship | $7,982 |
| College of Saint Benedict St Joseph, WI | Scholarship | $7,982 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $621,412 | $35,269 | $50,499 | $39,910 | 5 | $41,222 | $26,147 | $42,360 |
| 2025 | $636,399 | $23,120 | $44,423 | $35,475 | 4 | $35,954 | $18,374 | $40,057 |
| 2024 | $657,775 | $31,358 | $38,330 | $28,409 | 4 | $33,175 | $25,361 | $37,081 |
| 2023 | $659,955 | $15,302 | $57,239 | $45,390 | 4 | $50,610 | $11,506 | $36,788 |
| 2022 | $702,191 | $80,091 | $47,811 | $33,999 | 3 | $40,049 | $73,301 | $49,776 |
| 2021 | $664,393 | $61,972 | $45,606 | $34,005 | 5 | — | $55,546 | $41,298 |
| 2020 | $648,268 | $26,433 | $45,869 | $34,250 | 5 | — | $20,639 | $39,462 |
Under IRS private-foundation payout rules, Max Alberts Schol FD reported a distributable amount of $42K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Max Alberts Schol FD's only listed officer is Midwest Trust Company, Trustee on every filing since 2025 (compensated).
Officers on the 2026 filing
Midwest Trust Company
Trustee
On filings since 2025
1 hr/week
$3K (2025) → $5K (2026)
Former officers (3)
- Former: BMO Bank NA (2025) — Prior Trustee
- Former: BMO Bank N A (2024) — Trustee
- Former: BMO Harris Bank N A (2020–2023) — Trustee
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $5K, to Midwest Trust Company (Trustee).
Frequently asked questions about Max Alberts Schol FD
How much does Max Alberts Schol FD give each year?
Max Alberts Schol FD gave $40K across 5 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $35K across 4 grants.
What is Max Alberts Schol FD's typical grant size?
Max Alberts Schol FD's median grant in 2026 was $7,982, and its average grant was $7,982, across 5 grants on its 2026 IRS Form 990-PF.
Where does Max Alberts Schol FD give grants?
Max Alberts Schol FD gives mostly in Wisconsin: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Madison, WI (2 grants).
Does Max Alberts Schol FD give general operating support?
Not in 2026: none of the 5 grants with a stated purpose on Max Alberts Schol FD's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (5 grants).
Who are Max Alberts Schol FD's largest grantees?
Max Alberts Schol FD's largest 2026 grantees include University of Wisconsion - Oshkosh ($7,982), University of Wisconsion - Milwaukee ($7,982) and Madison College ($7,982), according to its 2026 IRS Form 990-PF. Together they received 60% of its itemized 2026 grant dollars.
How large is Max Alberts Schol FD?
Max Alberts Schol FD reported $621K in total assets on its 2026 IRS Form 990-PF. It paid out $41K in qualifying distributions that year, against a required minimum of $42K (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 is Max Alberts Schol FD's EIN?
Max Alberts Schol FD's EIN (Employer Identification Number) is 39-6498404. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS September 11, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 3, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 10, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 24, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 12, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 5, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS September 11, 2025)
- IRS filings on file for fiscal years 2020–2025
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