Mcclain Scholarship Trust
The Pauline Linebarger McClain and Riley McClain Scholarship Trust is a private foundation (501(c)(3)) located in Paris, Illinois. Established in 1984, the trust administers scholarships for students, with a focus on educational support through direct financial aid.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
+0.4% YoY
Annual Giving
$108K
-33.1% YoY
Grant Count
32
-11.1% YoY
Avg Grant Size
$3K
-24.8% YoY
Under IRS private-foundation payout rules, Mcclain Scholarship Trust reported a distributable amount of $138K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The trust's primary purpose is to administer scholarships. The foundation focuses on:
- Education — Scholarships & Student Financial Aid
- Scholarship Administration — The trust administers 35 scholarships, with returned funds added to the distributable amount for the following year
Grantmaking
The trust primarily funds students in Illinois, Indiana, and Virginia.
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Geographic Focus
Where this funder awards grants
Primary funding regions include Illinois, Indiana, and Virginia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of FY 2023:
- Total assets: $2,386,456
- Total revenues: $139,294
- Total expenses: $189,062
- Investment income and dividends: $72,582
- Net gain from sale of non-inventory assets: $64,595
As of FY 2024:
- Total assets: $2,397,187
- Total giving: $107,743
Staffing: The trust operates with 0 employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,397,187 | $2,386,456 | $2,436,224 |
| Revenue | $147,384 | $139,294 | $169,344 |
| Expenses | $136,653 | $189,062 | $180,003 |
| Qualifying Distributions | $121,824 | $174,910 | $161,114 |
| Net Investment Income | $123,326 | $125,473 | $134,631 |
| Distributable Amount | $138,197 | $123,142 | $180,780 |
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
167 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Brandon Foster ($5,000), Braylon Nugent ($4,000), Emma Campbell ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ANNA SHIRLEY MATTOON, IL | SCHOLARSHIP | $3,000 |
| BRANDON FOSTER CHARLESTON, IL | SCHOLARSHIP | $5,000 |
| BRAYLON NUGENT CHARLESTON, IL | SCHOLARSHIP | $4,000 |
| DALTON CUMMINS MATTOON, IL | SCHOLARSHIP | $3,000 |
| EMMA CAMPBELL TERRE HAUTE, IN | SCHOLARSHIP | $4,000 |
| HANA GILLASPIE MATTOON, IL | SCHOLARSHIP | $3,000 |
| HOLDEN WATTERS MATTOON, IL | SCHOLARSHIP | $2,000 |
| HOPE GILLASPIE TERRE HAUTE, IN | SCHOLARSHIP | $2,000 |
| JEFFREY BENNETT CHARLESTON, IL | SCHOLARSHIP | $4,000 |
| JOSEPHINE CARROLL CHARLESTON, IL | SCHOLARSHIP | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Frequently Asked Questions
What does Mcclain Scholarship Trust fund?
The trust's primary purpose is to administer scholarships. The foundation focuses on: • **Education** — Scholarships & Student Financial Aid • **Scholarship Administration** — The trust administers 35 scholarships, with returned funds added to the distributable amount for the following year
How do I apply for a grant from Mcclain Scholarship Trust?
**Grant Activity:** • The trust made 35 grants in its most recent fiscal year • Typical award range: $950–$5,416 • Total giving (FY 2023): $161,141 • Total giving (FY 2024): $107,743 **Geographic Service Area:** The trust primarily funds students in Illinois, Indiana, and Virginia.
Where does Mcclain Scholarship Trust make grants?
Primary funding regions include Illinois, Indiana, and Virginia.
What size grants does Mcclain Scholarship Trust award?
In 2024, Mcclain Scholarship Trust awarded 32 grants totaling $108K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Mcclain Scholarship Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mcclain Scholarship Trust reported a distributable amount of $138K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mcclain Scholarship Trust's EIN?
Mcclain Scholarship Trust's EIN (Employer Identification Number) is 37-6185245. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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