Montera Endowed Scholarship Fund
Montera Endowed Scholarship Fund is a private foundation focused on Education, based in Eaton, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $542K in total assets. In 2024, it awarded 2 grants totaling $6K. Net investment income was $71K.
Montera Endowed Scholarship Fund at a glance
In short: Montera Endowed Scholarship Fund gave $6K across 2 grants in 2024 (avg $3K), mostly in Colorado. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $5,899
- -65.9% vs 2023
- Grants made (2024)
- 2
- -66.7% vs 2023
- Average grant
- $2,950
- +2.4% vs 2023
- Median grant
- $2,950
- Total assets
- $541,957
- +12.5% vs 2023
- Primary geography
- Colorado (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Montera Endowed Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Colorado State University ($5K). Together the top 2 received $6K.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 19 grants of 19 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Montera Endowed Scholarship Fund gives
- Giving fell 41% from 2021 to 2024. Method
- In 2024 it paid out 26% 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 2024, annual grant giving ranged from $6K (2024) to $17K (2023). In 2024 it made 2 grants totaling $6K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Colorado State University Fort Collins, CO | Scholarship | $5,000 |
| University of Northern Colorado Greeley, CO | Scholarship | $899 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $541,957 | $74,935 | $14,774 | $5,899 | 2 | $9,753 | $70,582 | $38,137 |
| 2023 | $481,796 | $51,531 | $24,655 | $17,285 | 6 | $20,488 | $48,081 | $32,342 |
| 2022 | $454,920 | $55,025 | $23,676 | $16,216 | 5 | $19,473 | $51,550 | $31,102 |
| 2021 | $423,571 | $55,856 | $17,643 | $10,000 | 2 | $13,432 | $52,361 | $34,087 |
| 2020 | $385,358 | $54,845 | $23,169 | $16,027 | 4 | — | $51,545 | $26,301 |
Under IRS private-foundation payout rules, Montera Endowed Scholarship Fund reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Montera Endowed Scholarship Fund is led by Richard A Montera, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Richard A Montera
President
On filings since 2020
1 hr/week
No compensation reported
Richard L Monfort
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Montera Endowed Scholarship Fund
How much does Montera Endowed Scholarship Fund give each year?
Montera Endowed Scholarship Fund gave $6K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $17K across 6 grants.
How large is Montera Endowed Scholarship Fund?
Montera Endowed Scholarship Fund reported $542K in total assets on its 2024 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $38K (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 Montera Endowed Scholarship Fund?
Montera Endowed Scholarship Fund is a private foundation focused on Education, based in Eaton, CO. It holds $542K in total assets as of 2024.
Where does Montera Endowed Scholarship Fund operate?
Montera Endowed Scholarship Fund has awarded grants in Colorado, Nebraska, Virginia.
What is Montera Endowed Scholarship Fund's EIN?
Montera Endowed Scholarship Fund's EIN (Employer Identification Number) is 20-1859199. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
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