Ray-Carroll Scholarship Fund
The Ray-Carroll Scholarship Fund is a private foundation based in Richmond, Missouri. Its 2025 grants went to individual recipients in Missouri to help high school graduates go to college.
Ray-Carroll Scholarship Fund at a glance
In short: Ray-Carroll Scholarship Fund gave $21K across 37 grants in 2025 (avg $554.054), mostly in Missouri. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,500
- +46.4% vs 2024
- Grants made (2025)
- 37
- +37.0% vs 2024
- Average grant
- $554
- +6.9% vs 2024
- Median grant
- $500
- Total assets
- $444,212
- +7.6% vs 2024
- Primary geography
- Missouri (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Ray-Carroll Scholarship Fund
- Contact
Application contact: Beau Hepler
Mailing address: PO Box 158, Richmond, MO 64085
Phone: (816) 776-2291
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Ray-Carroll Scholarship Fund funds
How this funder distributes its grants
Grant Size Distribution
140 grants across all recorded years
The most common grant size was under $50K: 140 grants of 140 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Missouri. The 2023 filing restricts scholarship use to the Ray-Carroll Cooperative Service Area.
Grant Distribution by State
Share of 2025 grant dollars across all 37 itemized grants.
States
Cities
How Ray-Carroll Scholarship Fund gives
- Giving grew 71% from 2022 to 2025. Method
- In 2025 it paid out 99% 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 2025, annual grant giving ranged from $12K (2022) to $21K (2025). In 2025 it made 37 grants totaling $21K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 37 grants to individuals Recipients not named | — | $20,500 |
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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 | $444,212 | $32,892 | $27,516 | $20,500 | 37 | $20,500 | — | $20,605 |
| 2024 | $412,839 | $24,315 | $18,797 | $14,000 | 27 | $14,000 | — | $18,288 |
| 2023 | $347,177 | $25,267 | $18,838 | $14,500 | 23 | $14,500 | — | $16,536 |
| 2022 | $341,936 | $25,740 | $16,562 | $12,000 | 23 | $12,000 | — | $17,212 |
| 2021 | $363,677 | $152,107 | $18,938 | $16,000 | 30 | — | $4,095 | $15,365 |
| 2020 | $203,024 | $29,626 | $14,017 | $12,500 | 26 | — | $9,647 | $9,298 |
Under IRS private-foundation payout rules, Ray-Carroll Scholarship Fund reported a distributable amount of $21K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The sources do not state a formal mission. The 2025 filing describes the grants as helping graduates go to college.
Grantmaking
In 2025, the fund awarded 37 grants totaling $20,500. Grants ranged from $500 to $1,000, with a median of $500. The listed awards were to individual recipients; four of the largest listed awards were $1,000 each, and the other listed awards were $500 each.
The foundation’s 2023 filing says it does not restrict giving to preselected organizations. It instructs applicants to fill out an application form and attach a letter describing their plans and the college they intend to attend. The filing also says to include a teacher evaluation and grade reports six weeks after the application is sent out. Awards must be used within two years of high school graduation and within the Ray-Carroll Cooperative Service Area.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Bently Hogan as president; Shari Kipping as secretary/treasurer; and Kenneth Buhlig, Beau Hepler, and Barbara Fifer as directors.
Ray-Carroll Scholarship Fund is led by Bently Hogan, President on every filing since 2020; 2 of 5 officers listed in 2025 are compensated.
Officers on the 2025 filing
Bently Hogan
President
On filings since 2020
1 hr/week
No compensation reported
Barbara Fifer
Director
Secretary & Treasurer → Director, 2025
On filings since 2020
1 hr/week
$500 (2025)
Beau Hepler
Director
On filings since 2021
1 hr/week
No compensation reported
Kenneth Buhlig
Director
On filings since 2021
1 hr/week
No compensation reported
Shari Kipping
Secretary & Treasurer
Director → Secretary & Treasurer, 2023
On filings since 2021
1 hr/week
$500 (2025)
Data from IRS Form 990 filings, 2020–2025. "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 $500, to Shari Kipping (Secretary/Treasurer). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Ray-Carroll Scholarship Fund
How much does Ray-Carroll Scholarship Fund give each year?
Ray-Carroll Scholarship Fund gave $21K across 37 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $14K across 27 grants.
What is Ray-Carroll Scholarship Fund's typical grant size?
Ray-Carroll Scholarship Fund's median grant in 2025 was $500, and its average grant was $554, across 37 grants on its 2025 IRS Form 990-PF.
Where does Ray-Carroll Scholarship Fund give grants?
Ray-Carroll Scholarship Fund gives mostly in Missouri: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Ray-Carroll Scholarship Fund give general operating support?
Not in 2025: none of the 37 grants with a stated purpose on Ray-Carroll Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Help Graduates Go to College" (37 grants).
How large is Ray-Carroll Scholarship Fund?
Ray-Carroll Scholarship Fund reported $444K in total assets on its 2025 IRS Form 990-PF. It paid out $21K in qualifying distributions that year, against a required minimum of $21K (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.
What does Ray-Carroll Scholarship Fund fund?
The sources do not state a formal mission. The 2025 filing describes the grants as helping graduates go to college. See mission & focus areas ↑
How do I apply for a grant from Ray-Carroll Scholarship Fund?
Ray-Carroll Scholarship Fund has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Ray-Carroll Scholarship Fund's EIN?
Ray-Carroll Scholarship Fund's EIN (Employer Identification Number) is 43-1244005. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 24, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS December 13, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 7, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 2, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 16, 2026)
- IRS filings on file for fiscal years 2020–2025
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Ray-Carroll Scholarship Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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