Raelamar Weaver & Margaret Weaver Westley Scholarship Fund
Raelamar Weaver & Margaret Weaver Westley Scholarship Fund is a private foundation, based in Louisville, KY. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $207K in total assets. In 2026, it awarded 1 grant totaling $14K. Net investment income was $43K.
Raelamar Weaver & Margaret Weaver Westley Scholarship Fund at a glance
In short: Raelamar Weaver & Margaret Weaver Westley Scholarship Fund gave $14K across 1 grant in 2026 (avg $14K), mostly in Tennessee. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $13,648
- Grants made (2026)
- 1
- Average grant
- $13,648
- Median grant
- $13,648
- Total assets
- $206,785
- +13.9% vs 2025
- Primary geography
- Tennessee (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated November 2026.
Who Raelamar Weaver & Margaret Weaver Westley Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2026
The largest 2026 recipient was Copper Basin Rural Community Association ($14K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2026 grant dollars on its one itemized grant.
States
Cities
How Raelamar Weaver & Margaret Weaver Westley Scholarship Fund gives
- In 2026 it paid out 166% of its IRS minimum distribution (the 5% rule). 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 2021 to 2026, annual grant giving ranged from $11K (2022) to $20K (2024). In 2026 it made 1 grant totaling $14K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Copper Basin Rural Community Association Copperhill, TN | Scholarship Fund | $13,648 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $206,785 | $45,210 | $19,945 | $13,648 | 1 | $15,848 | $42,666 | $9,529 |
| 2025 | $181,520 | $11,377 | $2,399 | — | — | — | $8,978 | $9,454 |
| 2024 | $172,542 | $9,142 | $26,702 | $20,000 | 1 | $22,407 | $6,778 | $9,157 |
| 2023 | $190,102 | $8,238 | $2,274 | — | — | — | $5,964 | $8,750 |
| 2022 | $184,138 | $11,847 | $17,226 | $11,000 | 1 | $11,315 | $8,782 | $10,560 |
| 2021 | $189,517 | $8,762 | $23,322 | $20,000 | 1 | — | $4,862 | $10,282 |
Under IRS private-foundation payout rules, Raelamar Weaver & Margaret Weaver Westley Scholarship Fund reported a distributable amount of $10K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Raelamar Weaver & Margaret Weaver Westley Scholarship Fund's 2026 filing lists 4 officers; none of the 4 officers listed in 2026 report compensation.
Officers on the 2026 filing
Frances Westley
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Meg Westley
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Neil Westley
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Raymond Weaver
Trustee
On filings since 2021
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Raelamar Weaver & Margaret Weaver Westley Scholarship Fund
How much does Raelamar Weaver & Margaret Weaver Westley Scholarship Fund give each year?
Raelamar Weaver & Margaret Weaver Westley Scholarship Fund gave $14K across 1 grant in 2026, according to its 2026 IRS Form 990-PF.
How large is Raelamar Weaver & Margaret Weaver Westley Scholarship Fund?
Raelamar Weaver & Margaret Weaver Westley Scholarship Fund reported $207K in total assets on its 2026 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
Where does Raelamar Weaver & Margaret Weaver Westley Scholarship Fund operate?
Raelamar Weaver & Margaret Weaver Westley Scholarship Fund has awarded grants in Tennessee.
What is Raelamar Weaver & Margaret Weaver Westley Scholarship Fund's EIN?
Raelamar Weaver & Margaret Weaver Westley Scholarship Fund's EIN (Employer Identification Number) is 23-7058162. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS September 23, 2026)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 25, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 18, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 11, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 10, 2026)
- IRS filings on file for fiscal years 2021–2025
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