Paul & Mary Griffith Scholarship Fund
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.
Paul & Mary Griffith Scholarship Fund at a glance
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.
- Annual giving (2024)
- $6,000
- +20.0% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $3,000
- +20.0% vs 2023
- Median grant
- $3,000
- Total assets
- $142,839
- -1.8% vs 2023
- Primary geography
- Iowa (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Paul & Mary Griffith Scholarship Fund funds
How this funder distributes its grants
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $5K (2023) to $8K (2022). In 2024 it made 2 grants totaling $6K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 2 individual scholarships Recipients not named | — | $6,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $142,839 | $5,600 | $7,175 | $6,000 | 2 | $7,104 | $4,496 | $7,707 |
| 2023 | $145,409 | $7,167 | $6,381 | $5,000 | 2 | $6,342 | $5,125 | $7,275 |
| 2022 | $144,523 | $5,019 | $9,317 | $8,100 | 3 | $9,209 | $3,911 | $7,750 |
| 2021 | $156,089 | $6,546 | $7,213 | $6,000 | 3 | $7,104 | $6,096 | $8,160 |
| 2020 | $156,759 | $7,917 | $7,702 | $6,600 | 2 | — | $6,817 | $8,014 |
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.
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
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.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 31, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 12, 2025)
- IRS filings on file for fiscal years 2020–2024
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