Rex & Christine Bishop Perpetual

Private foundation · Grantmaker Marengo, IA EIN: 42-1187973

Rex & Christine Bishop Perpetual is a private foundation based in Marengo, Iowa. Its 2025 filing reports tuition scholarships for 16 individual beneficiaries.

Rex & Christine Bishop Perpetual at a glance

In short: Rex & Christine Bishop Perpetual gave $71K across 16 grants in 2025 (avg $4K), mostly in Iowa. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$71,376
+10.4% vs 2024
Grants made (2025)
16
+6.7% vs 2024
Average grant
$4,461
+3.5% vs 2024
Median grant
$4,643
Total assets
$262,189
-9.9% vs 2024
Primary geography
Iowa (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 Rex & Christine Bishop Perpetual

How to Apply

The filing lists the contact as REX CHRISTINE BISHOP SCHOLARSHIP and says to see the attached application. It states that awards have no restrictions.

Review Cycle
March 15. The filing does not specify a year for this deadline, so it cannot be confirmed as a current application cycle.
Deadline
March 15.
Contact

Application contact: Rex Christine Bishop Scholarship
Mailing address: PO Box 267, Marengo, IA 52301-0267
Phone: (319) 981-6625

Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Who Rex & Christine Bishop Perpetual funds

How this funder distributes its grants

Grant Size Distribution

85 grants across all recorded years

85<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 85 grants of 85 (100%).

Geographic Focus

Where this funder awards grants

All grant dollars in filing year 2025 went to recipients in Iowa.

Grant Distribution by State

1state

Share of 2025 grant dollars across all 16 itemized grants.

States

Cities

MarengoBelle PlaineLadoraNorth LibertyWapello

How Rex & Christine Bishop Perpetual gives

  • Giving held roughly steady from 2022 to 2025 (−4%). Method
  • In 2025 it paid out 115% 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

$0$25K$50K$75K$100K13 grants2020 16 grants2021 19 grants2022 19 grants2023 15 grants2024 16 grants2025

From 2020 to 2025, annual grant giving ranged from $47K (2020) to $82K (2021). In 2025 it made 16 grants totaling $71K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
16 individual scholarships Recipients not named —$71,376
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$262,189$46,997$75,787$71,37616$75,787$42,586$66,070
2024$290,979$48,455$69,339$64,63315$69,339$45,780$67,244
2023$311,863$44,054$83,286$80,56919$83,286$41,337$62,157
2022$351,095$30,134$76,654$74,12019$76,654$44,688$69,291
2021$397,615$47,591$84,894$82,30216$84,894$44,999$70,791
2020$434,918$39,738$50,011$46,84713—$36,574$65,879

Under IRS private-foundation payout rules, Rex & Christine Bishop Perpetual reported a distributable amount of $66K for 2025 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated October 2026.

Grantmaking

In filing year 2025, the foundation gave $71,376 in 16 grants. Grant amounts ranged from $3,178 to $4,783, with a median of $4,643. The listed grants were tuition awards to individual recipients.

Leadership & Key People

Leadership team and compensation from IRS filings

Dale Slaymaker is listed as trustee on the 2025 filing.

Rex & Christine Bishop Perpetual is led by Dale Slaymaker, Trustee on every filing since 2023 — the only officer listed, and compensated.

Officers on the 2025 filing

  • Dale Slaymaker

    Trustee

    On filings since 2023

    1.5 hrs/week

    $2K (2024) → $2K (2025)

Former officers (1)
  • Former: Julie A. Read (2020–2023) — Trustee

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

Dale Slaymaker — Trustee: $2KDale SlaymakerTrustee$2K

The highest reported compensation on the 2025 filing was $2K, to Dale Slaymaker (Trustee).

Frequently asked questions about Rex & Christine Bishop Perpetual

How much does Rex & Christine Bishop Perpetual give each year?

Rex & Christine Bishop Perpetual gave $71K across 16 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $65K across 15 grants.

What is Rex & Christine Bishop Perpetual's typical grant size?

Rex & Christine Bishop Perpetual's median grant in 2025 was $4,643, and its average grant was $4,461, across 16 grants on its 2025 IRS Form 990-PF.

Where does Rex & Christine Bishop Perpetual give grants?

Rex & Christine Bishop Perpetual gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.

Does Rex & Christine Bishop Perpetual give general operating support?

Not in 2025: none of the 16 grants with a stated purpose on Rex & Christine Bishop Perpetual's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Tuition" (16 grants).

How large is Rex & Christine Bishop Perpetual?

Rex & Christine Bishop Perpetual reported $262K in total assets on its 2025 IRS Form 990-PF. It paid out $76K in qualifying distributions that year, against a required minimum of $66K (roughly 5% of its investment assets).

How do I apply for a grant from Rex & Christine Bishop Perpetual?

The filing lists the contact as REX CHRISTINE BISHOP SCHOLARSHIP and says to see the attached application. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Rex & Christine Bishop Perpetual's EIN?

Rex & Christine Bishop Perpetual's EIN (Employer Identification Number) is 42-1187973. 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

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 1, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
  7. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Rex & Christine Bishop Perpetual'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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