Ray & Gertrude Webb Scholarship Fund
Ray & Gertrude Webb Scholarship Fund is a private foundation, based in Milwaukee, WI. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $340K in total assets. In 2025, it awarded 2 grants totaling $15K. Net investment income was $20K.
Ray & Gertrude Webb Scholarship Fund at a glance
In short: Ray & Gertrude Webb Scholarship Fund gave $15K across 2 grants in 2025 (avg $8K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $15,164
- +2.5% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $7,582
- +2.5% vs 2024
- Median grant
- $7,582
- Total assets
- $339,620
- +0.9% vs 2024
- Primary geography
- Florida (84% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Ray & Gertrude Webb Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Shriners Hospital-Children ($13K). Together the top 2 received $15K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 14 grants of 14 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Ray & Gertrude Webb Scholarship Fund gives
- Giving held roughly steady from 2022 to 2025 (−10%). Method
- In 2025 it paid out 95% 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 2021 to 2025, annual grant giving ranged from $15K (2024) to $17K (2023). In 2025 it made 2 grants totaling $15K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Shriners Hospital-Children Tampa, FL | General Operating | $12,664 |
| University of Iowa Iowa City, IA | Scholarship | $2,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $339,620 | $25,452 | $22,499 | $15,164 | 2 | $17,229 | $20,262 | $18,124 |
| 2024 | $336,670 | $9,280 | $21,760 | $14,788 | 2 | $16,820 | $6,077 | $17,196 |
| 2023 | $349,144 | $9,067 | $23,829 | $17,167 | 2 | $19,176 | $5,304 | $16,797 |
| 2022 | $363,908 | $21,856 | $26,333 | $16,841 | 4 | $18,934 | $16,449 | $19,760 |
| 2021 | $367,885 | $78,629 | $22,629 | $16,201 | 4 | — | $73,349 | $18,151 |
Under IRS private-foundation payout rules, Ray & Gertrude Webb Scholarship Fund reported a distributable amount of $18K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ray & Gertrude Webb Scholarship Fund's only listed officer is US Bank N A, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2023
1 hr/week
$5K (2023) → $6K (2025)
Former officers (1)
- Former: U S Bank (2021–2022) — Trustee
Data from IRS Form 990 filings, 2021–2025. "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
The highest reported compensation on the 2025 filing was $6K, to US Bank N a (Trustee).
Frequently asked questions about Ray & Gertrude Webb Scholarship Fund
How much does Ray & Gertrude Webb Scholarship Fund give each year?
Ray & Gertrude Webb Scholarship Fund gave $15K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $15K across 2 grants.
How large is Ray & Gertrude Webb Scholarship Fund?
Ray & Gertrude Webb Scholarship Fund reported $340K in total assets on its 2025 IRS Form 990-PF. It paid out $17K in qualifying distributions that year, against a required minimum of $18K (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 Ray & Gertrude Webb Scholarship Fund operate?
Ray & Gertrude Webb Scholarship Fund has awarded grants in Florida, Iowa.
What is Ray & Gertrude Webb Scholarship Fund's EIN?
Ray & Gertrude Webb Scholarship Fund's EIN (Employer Identification Number) is 23-7434090. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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