Ray M Loop Scholarship Fund Tuw 005326
Ray M Loop Scholarship Fund Tuw 005326 is a private foundation, based in Olean, NY. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $398K in total assets. In 2024, it awarded 5 grants totaling $25K. Net investment income was $29K.
Ray M Loop Scholarship Fund Tuw 005326 at a glance
In short: Ray M Loop Scholarship Fund Tuw 005326 gave $25K across 5 grants in 2024 (avg $5K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $24,957
- +161.3% vs 2023
- Grants made (2024)
- 5
- +25.0% vs 2023
- Average grant
- $4,991
- +109.1% vs 2023
- Median grant
- $2,500
- Total assets
- $397,912
- -0.1% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Ray M Loop Scholarship Fund Tuw 005326 funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Excelsior University ($12K). Together the top 5 received $25K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 9 grants of 9 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
States
Cities
How Ray M Loop Scholarship Fund Tuw 005326 gives
- In 2024 it paid out 116% 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 2023 to 2024, annual grant giving ranged from $10K (2023) to $25K (2024). In 2024 it made 5 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Excelsior University Albany, NY | Scholarships | $12,228 |
| Elmira College Elmira, NY | Scholarships | $5,229 |
| Alfred State College Alfred, NY | Scholarships | $2,500 |
| Utica University Utica, NY | Scholarships | $2,500 |
| SUNY Delhi Delhi, NY | Scholarships | $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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $397,912 | $32,572 | $33,002 | $24,957 | 5 | $28,884 | $28,813 | $24,978 |
| 2023 | $398,128 | $24,355 | $16,219 | $9,550 | 4 | $12,671 | $20,707 | $23,601 |
Under IRS private-foundation payout rules, Ray M Loop Scholarship Fund Tuw 005326 reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ray M Loop Scholarship Fund Tuw 005326's only listed officer is Community Bank NA, Trustee on every filing since 2023 (compensated).
Officers on the 2024 filing
Community Bank NA
Trustee
On filings since 2023
1 hr/week
$6K (2023) → $6K (2024)
Data from IRS Form 990 filings, 2023–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $6K, to Community Bank NA (Trustee).
Frequently asked questions about Ray M Loop Scholarship Fund Tuw 005326
How much does Ray M Loop Scholarship Fund Tuw 005326 give each year?
Ray M Loop Scholarship Fund Tuw 005326 gave $25K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $10K across 4 grants.
What is Ray M Loop Scholarship Fund Tuw 005326's typical grant size?
Ray M Loop Scholarship Fund Tuw 005326's median grant in 2024 was $2,500, and its average grant was $4,991, across 5 grants on its 2024 IRS Form 990-PF.
Where does Ray M Loop Scholarship Fund Tuw 005326 give grants?
Ray M Loop Scholarship Fund Tuw 005326 gives mostly in New York: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Ray M Loop Scholarship Fund Tuw 005326 give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Ray M Loop Scholarship Fund Tuw 005326's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (5 grants).
Who are Ray M Loop Scholarship Fund Tuw 005326's largest grantees?
Ray M Loop Scholarship Fund Tuw 005326's largest 2024 grantees include Excelsior University ($12,228), Elmira College ($5,229) and Alfred State College ($2,500), according to its 2024 IRS Form 990-PF. Together they received 80% of its itemized 2024 grant dollars.
How large is Ray M Loop Scholarship Fund Tuw 005326?
Ray M Loop Scholarship Fund Tuw 005326 reported $398K in total assets on its 2024 IRS Form 990-PF. It paid out $29K in qualifying distributions that year, against a required minimum of $25K (roughly 5% of its investment assets).
What is Ray M Loop Scholarship Fund Tuw 005326's EIN?
Ray M Loop Scholarship Fund Tuw 005326's EIN (Employer Identification Number) is 16-6290405. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated October 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 2023–2024
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