Paul & Mary Griffith Scholarship Fund

Private foundation · Grantmaker Winterset, IA EIN: 42-1172652

Paul & Mary Griffith Scholarship Fund is a private foundation, based in Winterset, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $143K in total assets. In 2024, it awarded 2 grants totaling $6K. Net investment income was $4K.

Key facts about Paul & Mary Griffith Scholarship Fund

In short: Paul & Mary Griffith Scholarship Fund gave $6K across 2 grants in 2024 (avg $3K), mostly in Iowa. Source: 2024 IRS Form 990-PF.

EIN
42-1172652
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$6,000
Grants made (2024)
2
Average grant
$3,000
Median grant
$3,000
Total assets
$142,839
Primary geography
Iowa (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$143K

-1.8% YoY

Annual Giving

$6K

+20.0% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$3K

+20.0% YoY

Under IRS private-foundation payout rules, Paul & Mary Griffith Scholarship Fund reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.

How Paul & Mary Griffith Scholarship Fund gives

  • Giving held roughly steady from 2021 to 2024 (+0%). Method
  • In 2024 it paid out 92% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 2 itemized grants.

States

Cities

WintersetWnterset

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5K$5K$7.5K$10K2 grants2020 3 grants2021 3 grants2022 2 grants2023 2 grants2024

From 2020 to 2024, annual grant giving ranged from $5K (2023) to $8K (2022). In 2024 it made 2 grants totaling $6K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

12 grants across all recorded years

12<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 12 grants of 12 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
2 individual scholarships Recipients not named —$6,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5K$10K$15K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$142,839$145,409$144,523
Revenue$5,600$7,167$5,019
Expenses$7,175$6,381$9,317
Qualifying Distributions$7,104$6,342$9,209
Net Investment Income$4,496$5,125$3,911
Distributable Amount$7,707$7,275$7,750

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS July 15, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS August 29, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS July 18, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 31, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS September 12, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Paul & Mary Griffith Scholarship Fund's only listed officer is Farmers Merchants State Bank, Trustee on every filing since 2020 (compensated).

Officers on the 2024 filing

  • Farmers Merchants State Bank

    Trustee

    On filings since 2020

    5 hrs/week

    $750 (2020) → $750 (2024)

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.

Compensation Overview

From 2024 IRS filing

Farmers Merchants State Bank — Trustee: $750Farmers Merchants State…Trustee$750

The highest reported compensation on the 2024 filing was $750, to Farmers Merchants State Bank (Trustee).

Frequently asked questions about Paul & Mary Griffith Scholarship Fund

How much does Paul & Mary Griffith Scholarship Fund give each year?

Paul & Mary Griffith Scholarship Fund gave $6K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5K across 2 grants.

How large is Paul & Mary Griffith Scholarship Fund?

Paul & Mary Griffith Scholarship Fund reported $143K in total assets on its 2024 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $8K (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.

Where does Paul & Mary Griffith Scholarship Fund operate?

Paul & Mary Griffith Scholarship Fund has awarded grants in Iowa.

What is Paul & Mary Griffith Scholarship Fund's EIN?

Paul & Mary Griffith Scholarship Fund's EIN (Employer Identification Number) is 42-1172652. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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