Niccum Educational Trust
Niccum Educational Trust is a private foundation based in Greenfield, Indiana. Its 2025 grants went primarily to colleges and universities, while its 2024 filing describes an application process for students seeking financial assistance to pursue higher education.
Niccum Educational Trust at a glance
In short: Niccum Educational Trust gave $22K across 16 grants in 2025 (avg $1K), mostly in Indiana. 31% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $22,072
- -8.0% vs 2024
- Grants made (2025)
- 16
- -23.8% vs 2024
- Average grant
- $1,380
- +20.7% vs 2024
- Median grant
- $1,000
- Total assets
- $425,085
- -2.0% vs 2024
- New grantees (estimate)
- 31% first-time grantees (5 of 16, 2025; small sample)
- Primary geography
- Indiana (91% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Niccum Educational Trust
- How to Apply
-
The 2024 filing says applications are available at Greenfield Banking Company and are to be submitted with student transcripts, high school recommendations, and three references. Eligible applicants must be or expect to be graduates of a public high school in Elkhart, St. Joseph, Marshall, Noble, Kosciusko, or LaGrange County, Indiana; be students of merit and promise who need financial assistance to pursue higher education; and be U.S. citizens.
- Review Cycle
- April 15 each year, according to the 2024 filing. The April 15, 2026 deadline has passed.
- Deadline
- April 15 each year, according to the 2024 filing.
- Contact
Application contact: Greenfield Banking Company
Mailing address: 1920 N State Street, Greenfield, IN 46140
Phone: (317) 477-7045
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Niccum Educational Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Indiana University - Bloomington ($3K). Together the top 10 received $18K.
Grant Size Distribution
99 grants across all recorded years
The most common grant size was under $50K: 99 grants of 99 (100%).
Geographic Focus
Where this funder awards grants
The 2025 grant dollars went to recipients in Indiana (91%), Oregon (5%), Florida (2%), and Ohio (2%). The 2024 filing’s student eligibility requirements specify public high school graduates from six Indiana counties: Elkhart, St. Joseph, Marshall, Noble, Kosciusko, and LaGrange.
Grant Distribution by State
Share of 2025 grant dollars across all 16 itemized grants.
Cities
Is Niccum Educational Trust open to new grantees?
31%
first-time grantees, 2025
In 2025, 5 of 16 grantees (31%) were first-time recipients. With only 16 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $1K; repeat grants $1K. How we count
Medians: $1K first-time, $1K repeat.
- 69% of 2025 grantees were also funded in 2024. Method
- Giving fell 25% from 2022 to 2025. Method
- In 2025 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $22K (2025) to $30K (2022). In 2025 it made 16 grants totaling $22K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Indiana University - Bloomington Bloomington, IN | General | $3,000 |
| Bethel College Mishawaka, IN | General | $2,822 |
| Huntington University Huntington, IN | General | $2,750 |
| Indiana Wesleyan University Marion, IN | General | $2,500 |
| Manchester University North Manchester, IN | General | $1,500 |
| Taylor University Upland, IN | General | $1,500 |
| Ball State University Muncie, IN | General | $1,000 |
| Depauw University Greencastle, IN | General | $1,000 |
| Oregon State University Corvallis, OR | General | $1,000 |
| Purdue University Fort Wayne Fort Wayne, IN | General | $1,000 |
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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 | $425,085 | $22,228 | $30,836 | $22,072 | 16 | $26,535 | $12,944 | $29,509 |
| 2024 | $433,681 | $24,540 | $32,358 | $24,000 | 21 | $28,267 | $21,399 | $27,222 |
| 2023 | $441,528 | $18,595 | $34,673 | $27,000 | 21 | $27,000 | $18,348 | $25,155 |
| 2022 | $457,650 | $13,837 | $37,484 | $29,500 | 21 | $29,500 | $13,576 | $27,161 |
| 2021 | $481,429 | $16,485 | $35,595 | $27,000 | 20 | $27,000 | $16,264 | $29,101 |
| 2020 | $500,539 | $13,050 | $34,228 | $25,000 | 17 | — | $12,589 | $28,145 |
Under IRS private-foundation payout rules, Niccum Educational Trust reported a distributable amount of $30K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the Trust is provided. Its 2025 grants show support for colleges and universities, with listed grant purposes reported as “GENERAL.” The 2024 filing describes eligibility for students who need financial assistance to matriculate in and pursue higher education.
Among the grantees, Indiana Wesleyan University describes its mission as developing students in character, scholarship, and leadership in a Christ-centered academic community. Taylor University says it develops servant-leaders committed to ministering Christ’s redemptive love, grace, and truth. Manchester University says it graduates people who draw on education and faith to lead principled, productive, and compassionate lives. These are the grantees’ stated missions, not the Trust’s.
Grantmaking
In 2025, the Trust reported 16 grants totaling $22,072. Grants ranged from $500 to $3,000, with a median of $1,000. Notable awards included $3,000 to Indiana University–Bloomington, $2,822 to Bethel College, $2,750 to Huntington University, and $2,500 to Indiana Wesleyan University. Taylor University and Manchester University each received $1,500.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Greenfield Banking Company as trustee.
Niccum Educational Trust's only listed officer is Greenfield Banking Company, Trustee since 2024 (on filings since 2020) (compensated).
Officers on the 2025 filing
Greenfield Banking Company
Trustee
Successor Trustee → Trustee, 2024
On filings since 2020
1 hr/week
$8K (2020) → $7K (2025)
Data from IRS Form 990 filings, 2020–2025. "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 Greenfield Banking Company (Trustee).
Frequently asked questions about Niccum Educational Trust
How much does Niccum Educational Trust give each year?
Niccum Educational Trust gave $22K across 16 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $24K across 21 grants.
What is Niccum Educational Trust's typical grant size?
Niccum Educational Trust's median grant in 2025 was $1,000, and its average grant was $1,380, across 16 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Niccum Educational Trust that year got $1K on average.
Where does Niccum Educational Trust give grants?
Niccum Educational Trust gives mostly in Indiana: 91% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Fort Wayne, IN (2 grants) and Indianapolis, IN (2 grants).
Does Niccum Educational Trust give general operating support?
Yes: 100% of Niccum Educational Trust's 2025 grants with a stated purpose (16 of 16) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Niccum Educational Trust's largest grantees?
Niccum Educational Trust's largest 2025 grantees include Indiana University - Bloomington ($3,000), Bethel College ($2,822) and Huntington University ($2,750), according to its 2025 IRS Form 990-PF. Together they received 39% of its itemized 2025 grant dollars.
How large is Niccum Educational Trust?
Niccum Educational Trust reported $425K in total assets on its 2025 IRS Form 990-PF. It paid out $27K in qualifying distributions that year, against a required minimum of $30K (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 Niccum Educational Trust fund?
No mission statement for the Trust is provided. Its 2025 grants show support for colleges and universities, with listed grant purposes reported as “GENERAL.” The 2024 filing describes eligibility for students who need financial assistance to matriculate in and pursue higher education. See mission & focus areas ↑
How do I apply for a grant from Niccum Educational Trust?
The 2024 filing says applications are available at Greenfield Banking Company and are to be submitted with student transcripts, high school recommendations, and three references. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Niccum Educational Trust's EIN?
Niccum Educational Trust's EIN (Employer Identification Number) is 35-6017515. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 28, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 27, 2026)
- IRS filings on file for fiscal years 2020–2025
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