The Phyllis Perry Hulton Educational Trust is a private foundation located in Marshalltown, Iowa. Established in 1995, the trust was created through the will of Phyllis Perry Hulton to provide educational scholarships to students in the region. The foundation operates as a nonoperating private foundation with a focus on supporting post-secondary education.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$139K
+6.5% YoY
Grant Count
107
-13.7% YoY
Avg Grant Size
$1K
+23.4% YoY
Mission & Focus Areas
The trust's primary mission is to provide educational scholarships to students who have graduated from high schools in Marshall County, Iowa. Scholarships support tuition, books, transportation, and supplies for recipients pursuing higher education at colleges and technical schools.
The trust also honors Phyllis Perry's legacy by supporting class reunions, having provided funds for her 1942 Marshalltown High School class reunion held in 1996.
Grantmaking
James R. Bowman
Review Cycle
April 7, 2025 (applications available in January)
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Geographic Focus
Where this funder awards grants
Marshall County, Iowa, with preference given to students graduating from high schools in this region.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (as of November 2024):
- Total assets: $2,327,752
- Total revenues: $174,428
- Total expenses: $143,971
- Investment income and dividends: $146,097
- Net gain from sale of non-inventory assets: $26,718
Historical Context: The foundation has grown significantly since its establishment in 1995, with assets ranging from approximately $1.5 million in 2014 to over $2.3 million by 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Allen Emma ($1,400), Alvarez Zamora Yessenia ($1,400), Avalos Rochelle ($1,400).
| Recipient | Purpose | Amount |
|---|---|---|
| ALLEN EMMA STATE CENTER, IA | EDUCATIONAL | $1,400 |
| ALVAREZ ZAMORA YESSENIA MARSHALLTOWN, IA | EDUCATIONAL | $1,400 |
| AVALOS ROCHELLE MARSHALLTOWN, IA | EDUCATIONAL | $1,400 |
| BATTERSON ADAM MARSHALLTOWN, IA | EDUCATIONAL | $1,400 |
| BUTLER BAYLEE STATE CENTER, IA | EDUCATIONAL | $1,400 |
| CAMPBELL CARRIE NEWTON, IA | EDUCATIONAL | $1,400 |
| CASE HANNAH MARSHALLTOWN, IA | EDUCATIONAL | $1,400 |
| CHRISTENSEN NILE MARSHALLTOWN, IA | EDUCATIONAL | $1,400 |
| DUFF LILLY MARSHALLTOWN, IA | EDUCATIONAL | $1,400 |
| EDLER EMMETT STATE CENTER, IA | EDUCATIONAL | $1,400 |
Leadership & Key People
Leadership team and compensation from IRS filings
Trustees:
- H. Victor Hellberg
- Nan Benson
- Chris Jones
- Steve Storjohann
- Cathy Underhill
- Ann Heying
Administrative Contact:
- James R. Bowman (Bowman & Miller, PC)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| H VICTOR HELLBERG | TRUSTEE | — | — |
| NAN BENSON | TRUSTEE | — | — |
| KIEL STEVENSON | TRUSTEE | — | — |
| CATHY UNDERHILL | TRUSTEE | — | — |
| ANN HEYING | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Phyllis Perry Hulton Educational Trust fund?
The trust's primary mission is to provide educational scholarships to students who have graduated from high schools in Marshall County, Iowa. Scholarships support tuition, books, transportation, and supplies for recipients pursuing higher education at colleges and technical schools. The trust also honors Phyllis Perry's legacy by supporting class reunions, having provided funds for her 1942 Marshalltown High School class reunion held in 1996.
How do I apply for a grant from Phyllis Perry Hulton Educational Trust?
**Award Activity:** • For the 2025/2026 school year, the trust plans to award $65,000 in high school scholarships and $134,900 in college scholarships, totaling 123 awards • For the 2024/2025 school year, the trust awarded 108 scholarships: $36,300 to high school seniors and $103,600 to college and technical students • Typical award amounts range from $550 to $1,400 • Most recent year (2024) total giving: $138,500 **Application Requirements:** • Applicants must have graduated from a high school…
Where does Phyllis Perry Hulton Educational Trust make grants?
Marshall County, Iowa, with preference given to students graduating from high schools in this region.
What size grants does Phyllis Perry Hulton Educational Trust award?
In 2024, Phyllis Perry Hulton Educational Trust awarded 107 grants totaling $139K — an average of about $1K per grant, based on its IRS Form 990 filings.
What is Phyllis Perry Hulton Educational Trust's EIN?
Phyllis Perry Hulton Educational Trust's EIN (Employer Identification Number) is 42-6526655. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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