Raymond J OTT Scholarship Fund
Raymond J OTT Scholarship Fund is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $127K in total assets. In 2024, it awarded 4 grants totaling $23K.
Raymond J OTT Scholarship Fund at a glance
In short: Raymond J OTT Scholarship Fund gave $23K across 4 grants in 2024 (avg $6K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $23,200
- -22.7% vs 2023
- Grants made (2024)
- 4
- -20.0% vs 2023
- Average grant
- $5,800
- -3.3% vs 2023
- Median grant
- $5,000
- Total assets
- $127,189
- -21.1% vs 2023
- Primary geography
- Illinois (65% 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 Raymond J OTT Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Karyn Schy ($8K). Together the top 4 received $23K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How Raymond J OTT Scholarship Fund gives
- Giving held roughly steady from 2021 to 2024 (+3%). Method
- In 2024 it paid out 204% 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 2020 to 2024, annual grant giving ranged from $5K (2020) to $30K (2023). In 2024 it made 4 grants totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Karyn Schy Chiristianburg, VA | Educational | $8,200 |
| Abby Singer Skokie, IL | Educational | $5,000 |
| Charlie Korey Chicago, IL | Educational | $5,000 |
| Kiley Korey Evanston, IL | Educational | $5,000 |
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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 | $127,189 | $-8,031 | $37,682 | $23,200 | 4 | $29,016 | — | $14,191 |
| 2023 | $161,302 | $10,800 | $42,255 | $30,000 | 5 | $34,911 | $3,456 | $14,480 |
| 2022 | $179,007 | $5,571 | $19,924 | $10,000 | 2 | $13,979 | — | $16,880 |
| 2021 | $188,361 | $5,584 | $34,709 | $22,500 | 4 | $28,612 | — | $19,669 |
| 2020 | $207,486 | $5,426 | $17,419 | $5,000 | 2 | — | — | $16,975 |
Under IRS private-foundation payout rules, Raymond J OTT Scholarship Fund reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Raymond J OTT Scholarship Fund's 2024 filing lists 2 officers; all 2 officers listed in 2024 are compensated.
Officers on the 2024 filing
David B. Pogrund
Co-Trustee
On filings since 2020
2 hrs/week
$5K (2020) → $5K (2024)
Sherwin I. Pogrund Pc
Co-Trustee
On filings since 2020
2 hrs/week
$5K (2020) → $5K (2024)
Data from IRS Form 990 filings, 2020–2024. "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 $5K, to David B Pogrund (Co-Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Raymond J OTT Scholarship Fund
How much does Raymond J OTT Scholarship Fund give each year?
Raymond J OTT Scholarship Fund gave $23K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $30K across 5 grants.
What is Raymond J OTT Scholarship Fund's typical grant size?
Raymond J OTT Scholarship Fund's median grant in 2024 was $5,000, and its average grant was $5,800, across 4 grants on its 2024 IRS Form 990-PF.
Where does Raymond J OTT Scholarship Fund give grants?
Raymond J OTT Scholarship Fund gives mostly in Illinois: 65% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Virginia (35%).
Does Raymond J OTT Scholarship Fund give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Raymond J OTT Scholarship Fund's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational" (4 grants).
How large is Raymond J OTT Scholarship Fund?
Raymond J OTT Scholarship Fund reported $127K in total assets on its 2024 IRS Form 990-PF. It paid out $29K in qualifying distributions that year, against a required minimum of $14K (roughly 5% of its investment assets).
What is Raymond J OTT Scholarship Fund's EIN?
Raymond J OTT Scholarship Fund's EIN (Employer Identification Number) is 36-6742652. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 27, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 23, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 16, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 19, 2025)
- IRS filings on file for fiscal years 2020–2024
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