Ora T & Dessie H Lower Memorial Scholarship
Ora T & Dessie H Lower Memorial Scholarship is a private foundation, based in CHICAGO, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $691K in total assets. In 2025, it awarded 23 grants totaling $44K. Net investment income was $51K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$691K
+0.3% YoY
Annual Giving
$44K
-5.2% YoY
Grant Count
23
-23.3% YoY
Avg Grant Size
$2K
+23.6% YoY
Under IRS private-foundation payout rules, Ora T & Dessie H Lower Memorial Scholarship reported a distributable amount of $53K for 2025 — the minimum it must pay out in qualifying distributions.
About Ora T & Dessie H Lower Memorial Scholarship
Based on IRS filings
Ora T & Dessie H Lower Memorial Scholarship is a private foundation, based in CHICAGO, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $691K in total assets. In 2025, it awarded 23 grants totaling $44K. Net investment income was $51K.
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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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $690,728 | $688,783 | $703,216 |
| Revenue | $61,501 | $46,321 | $25,946 |
| Expenses | $62,532 | $63,625 | $62,059 |
| Qualifying Distributions | $51,444 | $53,006 | $50,345 |
| Net Investment Income | $51,155 | $34,366 | $15,353 |
| Distributable Amount | $53,487 | $49,144 | $53,095 |
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 2025
Grant Size Distribution
144 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Megan Adkins ($2,150), Morgan Adkins ($2,150), Donna Frazier ($2,050).
| Recipient | Purpose | Amount |
|---|---|---|
| DONNA FRAZIER MUNCIE, IN | SCHOLARSHIP | $2,050 |
| ANNIKA MARLOW INDIANAPOLIS, IN | SCHOLARSHIP | $1,475 |
| SAMUEL STERRETT MUNCIE, IN | SCHOLARSHIP | $1,950 |
| AUTUMN MARDIS NEW ALBANY, IN | SCHOLARSHIP | $1,825 |
| KEITH BACON WEST LAFAYETTE, IN | SCHOLARSHIP | $1,950 |
| ELIZABETH AMOS INDIANAPOLIS, IN | SCHOLARSHIP | $1,825 |
| LOGAN BEARD INDIANAPOLIS, IN | SCHOLARSHIP | $1,950 |
| REBECCA MUIR INDIANAPOLIS, IN | SCHOLARSHIP | $1,825 |
| BRILEY MUNCHEL FRANKLIN, IN | SCHOLARSHIP | $1,950 |
| ABIGAIL SLOAN INDIANAPOLIS, IN | SCHOLARSHIP | $1,950 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR JOHN E WILLIAMS | COMMITTEE | 2 | — |
| MICHELLE WALLS | COMMITTEE | 2 | — |
Frequently Asked Questions
How large is Ora T & Dessie H Lower Memorial Scholarship?
As of 2025, Ora T & Dessie H Lower Memorial Scholarship holds $691K in total assets with $62K in annual revenue. It awarded 23 grants totaling $44K in 2025.
Where does Ora T & Dessie H Lower Memorial Scholarship operate?
Ora T & Dessie H Lower Memorial Scholarship has awarded grants in Illinois, Indiana, Kentucky, Michigan, Ohio, Oregon, Texas, Wisconsin.
What size grants does Ora T & Dessie H Lower Memorial Scholarship award?
In 2025, Ora T & Dessie H Lower Memorial Scholarship awarded 23 grants totaling $44K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Ora T & Dessie H Lower Memorial Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Ora T & Dessie H Lower Memorial Scholarship reported a distributable amount of $53K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ora T & Dessie H Lower Memorial Scholarship's EIN?
Ora T & Dessie H Lower Memorial Scholarship's EIN (Employer Identification Number) is 23-7311043. IRS Form 990 filing data is available on this page for 2020–2025.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.