Philice Nemecheck Education Scholarship Fund

Private foundation · Grantmaker Pennington, NJ EIN: 38-6776206

Philice Nemecheck Education Scholarship Fund is a private foundation focused on Education, based in Pennington, NJ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $526K in total assets. In 2025, it awarded 1 grant totaling $44K. Net investment income was $100K.

Key facts about Philice Nemecheck Education Scholarship Fund

In short: Philice Nemecheck Education Scholarship Fund gave $44K across 1 grant in 2025 (avg $44K), mostly in Michigan. Source: 2025 IRS Form 990-PF.

EIN
38-6776206
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$44,183
Grants made (2025)
1
Average grant
$44,183
Median grant
$44,183
Total assets
$526,053
Primary geography
Michigan (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$526K

+9.9% YoY

Annual Giving

$44K

-83.7% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$44K

-83.7% YoY

Under IRS private-foundation payout rules, Philice Nemecheck Education Scholarship Fund reported a distributable amount of $32K for 2025 — the minimum it must pay out in qualifying distributions.

How Philice Nemecheck Education Scholarship Fund gives

  • In 2025 it paid out 153% of its IRS minimum distribution (the 5% rule). 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 the 2025 grant dollars on its one itemized grant.

States

Cities

Ypsilanti

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K1 grant2019 1 grant2020 0 grants2021 0 grants2022 1 grant2023 1 grant2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $15K (2020) to $271K (2024). In 2025 it made 1 grant totaling $44K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Eastern Michigan University Foundation: $44KEastern Michigan UniversityFoundation$44K

The largest 2025 recipient was Eastern Michigan University Foundation ($44K).

Grant Size Distribution

3 grants across all recorded years

2<$50K$50–100K$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 2 grants of 3 (67%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Eastern Michigan University Foundation Ypsilanti, MIUnrestricted General$44,183

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$526,053$478,855$603,402
Revenue$107,732$160,747$18,840
Expenses$60,470$284,994$32,933
Qualifying Distributions$49,062$279,080$26,973
Net Investment Income$100,420$154,246$13,608
Distributable Amount$32,165$39,946$37,264

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS May 8, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
  7. Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
  8. IRS filings on file for fiscal years 2019–2024

Leadership & Key People

Officers and directors from IRS filings

Philice Nemecheck Education Scholarship Fund's only listed officer is Bank Of America N A, Trustee since 2024 (on filings since 2019) (compensated).

Officers on the 2025 filing

  • Bank Of America N A

    Trustee

    Trustee → Co-Trustee, 2022

    Co-Trustee → Trustee, 2024

    On filings since 2019

    2 hrs/week

    $10K (2019) → $12K (2025)

Former officers (1)
  • Former: Lino F. Widman (2019–2024) — Co-Trustee

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Bank of America N a — Trustee: $12KBank of America N aTrustee$12K

The highest reported compensation on the 2025 filing was $12K, to Bank of America N a (Trustee).

Frequently asked questions about Philice Nemecheck Education Scholarship Fund

How much does Philice Nemecheck Education Scholarship Fund give each year?

Philice Nemecheck Education Scholarship Fund gave $44K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $271K across 1 grant.

How large is Philice Nemecheck Education Scholarship Fund?

Philice Nemecheck Education Scholarship Fund reported $526K in total assets on its 2025 IRS Form 990-PF. It paid out $49K in qualifying distributions that year, against a required minimum of $32K (roughly 5% of its investment assets).

What is Philice Nemecheck Education Scholarship Fund?

Philice Nemecheck Education Scholarship Fund is a private foundation focused on Education, based in Pennington, NJ. It holds $526K in total assets as of 2025.

Where does Philice Nemecheck Education Scholarship Fund operate?

Philice Nemecheck Education Scholarship Fund has awarded grants in Michigan.

What is Philice Nemecheck Education Scholarship Fund's EIN?

Philice Nemecheck Education Scholarship Fund's EIN (Employer Identification Number) is 38-6776206. IRS Form 990 filing data is available on this page for 2019–2025.

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

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