Patrick Thorburn Memorial Scholarship Foundation is a private foundation focused on Education, based in PALATINE, IL. IRS filing data is available for 2021. As of 2021, the organization holds $11K in total assets.
Financial Overview
From 2021 IRS Form 990-PF · View filing
Total Assets
$11K
Revenue
$15K
Net Investment Income
—
Expenses
$7K
Under IRS private-foundation payout rules, Patrick Thorburn Memorial Scholarship Foundation reported a distributable amount of $49 for 2021 — the minimum it must pay out in qualifying distributions.
About Patrick Thorburn Memorial Scholarship Foundation
Based on IRS filings
Patrick Thorburn Memorial Scholarship Foundation is a private foundation focused on Education, based in PALATINE, IL. IRS filing data is available for 2021. As of 2021, the organization holds $11K in total assets.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2021 |
|---|---|
| Total Assets | $11,282 |
| Revenue | $14,514 |
| Expenses | $6,557 |
| Qualifying Distributions | — |
| Net Investment Income | — |
| Distributable Amount | $49 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2021
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2021.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2021 IRS filing
From 2021 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kathy Thorburn | Director/Chairman | 0.25 | — |
| Ellen Thornburn | Director/Vice-Chairman | 0.25 | — |
| Rob Varak | Director/Secretary | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Patrick Thorburn Memorial Scholarship Foundation?
Patrick Thorburn Memorial Scholarship Foundation is a nonprofit organization focused on Education, based in PALATINE, IL. It holds $11K in total assets as of 2021.
How large is Patrick Thorburn Memorial Scholarship Foundation?
As of 2021, Patrick Thorburn Memorial Scholarship Foundation holds $11K in total assets with $15K in annual revenue.
How much is Patrick Thorburn Memorial Scholarship Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Patrick Thorburn Memorial Scholarship Foundation reported a distributable amount of $49 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Patrick Thorburn Memorial Scholarship Foundation's EIN?
Patrick Thorburn Memorial Scholarship Foundation's EIN (Employer Identification Number) is 85-3662945. IRS Form 990 filing data is available on this page for 2021.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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