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 to 16 individual beneficiaries; the listed 2025 grants were all made to recipients in Iowa.

Key facts about Rex & Christine Bishop Perpetual

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

EIN
42-1187973
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$71,376
Grants made (2025)
16
Average grant
$4,461
Median grant
$4,643
Total assets
$262,189
Primary geography
Iowa (100% of itemized 2025 grant dollars)
How to apply
The filing directs applicants to contact the Rex Christine Bishop Scholarship and submit the attached application. Full details ↓
Deadline
March 15.

Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$262K

-9.9% YoY

Annual Giving

$71K

+10.4% YoY

Grant Count

16

+6.7% YoY

Avg Grant Size

$4K

+3.5% YoY

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.

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.

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

Grantmaking

In filing year 2025, the foundation reported 16 grants totaling $71,376. Grants ranged from $3,178 to $4,783, with a median grant of $4,643. The listed grants were tuition awards to individuals.

Review Cycle

March 15. The filing does not specify the year of this deadline, so its status as a current application cycle is not established.

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Geographic Focus

Where this funder awards grants

All grant dollars reported for 2025 went to recipients in Iowa. Listed recipients were in Marengo, Ladora, and Belle Plaine, Iowa.

Grant Distribution by State

1state

Share of 2025 grant dollars across all 16 itemized grants.

States

Cities

MarengoLadoraNorth LibertyWapelloBelle Plaine

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.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Claire Smolik: $5KClaire Smolik$5KLydia Kriegel: $5KLydia Kriegel$5KBreanna Peach: $5KBreanna Peach$5KCarli Kanke: $5KCarli Kanke$5KGrace Ryan: $5KGrace Ryan$5KHannah Ryan: $5KHannah Ryan$5KLola Frimml: $5KLola Frimml$5KElla Read: $5KElla Read$5KKennedy Rathjen: $5KKennedy Rathjen$5KDavid Thomas: $5KDavid Thomas$5K

The largest 2025 recipient was Claire Smolik ($5K). Together the top 10 received $47K.

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%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Claire Smolik Marengo, IATuition$4,783
Lydia Kriegel Marengo, IATuition$4,782
Breanna Peach Marengo, IATuition$4,765
Carli Kanke Marengo, IATuition$4,765
Grace Ryan Marengo, IATuition$4,643
Hannah Ryan Marengo, IATuition$4,643
Lola Frimml Marengo, IATuition$4,643
Ella Read Ladora, IATuition$4,643
Kennedy Rathjen Marengo, IATuition$4,643
David Thomas Marengo, IATuition$4,626

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2025 $262,189 $46,997 $75,787 $71,376 (16 grants)
2024 $290,979 $48,455 $69,339 $64,633 (15 grants)
2023 $311,863 $44,054 $83,286 $80,569 (19 grants)
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$25K$50K$75K$100K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$262,189$290,979$311,863
Revenue$46,997$48,455$44,054
Expenses$75,787$69,339$83,286
Qualifying Distributions$75,787$69,339$83,286
Net Investment Income$42,586$45,780$41,337
Distributable Amount$66,070$67,244$62,157

Data update history

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

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).

Contact

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

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. The most frequent recipient cities were Marengo, IA (14 grants).

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).

Who are Rex & Christine Bishop Perpetual's largest grantees?

Rex & Christine Bishop Perpetual's largest 2025 grantees include Claire Smolik ($4,783), Lydia Kriegel ($4,782) and Breanna Peach ($4,765), according to its 2025 IRS Form 990-PF. Together they received 20% of its itemized 2025 grant dollars.

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 directs applicants to contact the Rex Christine Bishop Scholarship and submit 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 September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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