Olive a Stokes Scholarship Trust is a private foundation focused on Education, based in DETROIT, MI. IRS filing data is available from 2021 through 2024. In 2024, it awarded 5 grants totaling $477K. Net investment income was $155K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$477K
Grant Count
5
Avg Grant Size
$95K
Under IRS private-foundation payout rules, Olive a Stokes Scholarship Trust reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About Olive a Stokes Scholarship Trust
Based on IRS filings
Olive a Stokes Scholarship Trust is a private foundation focused on Education, based in DETROIT, MI. IRS filing data is available from 2021 through 2024. In 2024, it awarded 5 grants totaling $477K. Net investment income was $155K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $331,671 | $326,824 |
| Revenue | $161,073 | $24,627 | $32,149 |
| Expenses | $490,656 | $20,810 | $50,456 |
| Qualifying Distributions | $484,705 | $7,607 | $35,491 |
| Net Investment Income | $154,587 | $11,155 | $17,417 |
| Distributable Amount | $8,162 | $22,052 | $24,601 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include North Carolina Wesleyan College ($247,658), North Carolina State University ($112,829), East Carolina University ($112,829).
| Recipient | Purpose | Amount |
|---|---|---|
| NORTH CAROLINA STATE UNIVERSITY RALEIGH, NC | SCHOLARSHIPS | $112,829 |
| EAST CAROLINA UNIVERSITY GREENVILLE, NC | SCHOLARSHIPS | $112,829 |
| NEW YORK UNIVERSITY NEW YORK, NY | SCHOLARSHIPS | $2,000 |
| NORTH CAROLINA WESLEYAN COLLEGE ROCKY MOUNT, NC | SCHOLARSHIPS | $247,658 |
| UNIVERSITY OF NORTH CAROLINA CHAPEL HILL CHAPEL HILL, NC | SCHOLARSHIPS | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| COMERICA BANK TRUST | TRUSTEE | 1 | $1,250 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Olive a Stokes Scholarship Trust?
Olive a Stokes Scholarship Trust is a private foundation focused on Education, based in DETROIT, MI. It holds — in total assets as of 2024.
Where does Olive a Stokes Scholarship Trust operate?
Olive a Stokes Scholarship Trust has awarded grants in North Carolina, New York, Virginia.
What size grants does Olive a Stokes Scholarship Trust award?
In 2024, Olive a Stokes Scholarship Trust awarded 5 grants totaling $477K — an average of about $95K per grant, based on its IRS Form 990 filings.
How much is Olive a Stokes Scholarship Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Olive a Stokes Scholarship Trust reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Olive a Stokes Scholarship Trust's EIN?
Olive a Stokes Scholarship Trust's EIN (Employer Identification Number) is 31-6646001. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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