McKnight Scholarship Charitable Trust
McKnight Scholarship Charitable Trust is a private foundation focused on Education, based in Pittsburgh, PA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $435K in total assets. In 2025, it awarded 1 grant totaling $25K. Net investment income was $19K.
McKnight Scholarship Charitable Trust at a glance
In short: McKnight Scholarship Charitable Trust gave $25K across 1 grant in 2025 (avg $25K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $24,549
- -4.3% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $24,549
- -4.3% vs 2024
- Median grant
- $24,549
- Total assets
- $435,403
- -1.6% vs 2024
- Primary geography
- Illinois (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who McKnight Scholarship Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Proctor Hospital ($25K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How McKnight Scholarship Charitable Trust gives
- Giving held roughly steady from 2022 to 2025 (−3%). Method
- In 2025 it paid out 104% of its IRS minimum distribution (the 5% rule). 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 2021 to 2025, annual grant giving ranged from $22K (2021) to $28K (2023). In 2025 it made 1 grant totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Proctor Hospital Peoria, IL | Scholarship Fund | $24,549 |
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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 | $435,403 | $25,326 | $32,497 | $24,549 | 1 | $26,001 | $19,437 | $25,053 |
| 2024 | $442,549 | $32,000 | $32,438 | $25,661 | 1 | $27,017 | $26,043 | $23,310 |
| 2023 | $443,296 | $1,669 | $34,995 | $27,680 | 1 | $30,781 | $7,614 | $22,372 |
| 2022 | $476,476 | $51,962 | $32,004 | $25,227 | 1 | $28,292 | $48,784 | $25,671 |
| 2021 | $456,366 | $28,345 | $27,477 | $22,299 | 1 | — | $22,782 | $25,652 |
Under IRS private-foundation payout rules, McKnight Scholarship Charitable Trust reported a distributable amount of $25K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
McKnight Scholarship Charitable Trust's only listed officer is PNC Bank N A, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
PNC Bank N A
Trustee
On filings since 2023
1 hr/week
$6K (2023) → $7K (2025)
Former officers (1)
- Former: PNC Bank NA (2021–2022) — Trustee
Data from IRS Form 990 filings, 2021–2025. "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 $7K, to PNC Bank N a (Trustee).
Frequently asked questions about McKnight Scholarship Charitable Trust
How much does McKnight Scholarship Charitable Trust give each year?
McKnight Scholarship Charitable Trust gave $25K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $26K across 1 grant.
How large is McKnight Scholarship Charitable Trust?
McKnight Scholarship Charitable Trust reported $435K in total assets on its 2025 IRS Form 990-PF. It paid out $26K in qualifying distributions that year, against a required minimum of $25K (roughly 5% of its investment assets).
What is McKnight Scholarship Charitable Trust?
McKnight Scholarship Charitable Trust is a private foundation focused on Education, based in Pittsburgh, PA. It holds $435K in total assets as of 2025.
Where does McKnight Scholarship Charitable Trust operate?
McKnight Scholarship Charitable Trust has awarded grants in Illinois.
What is McKnight Scholarship Charitable Trust's EIN?
McKnight Scholarship Charitable Trust's EIN (Employer Identification Number) is 37-6226612. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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