Reynolds-barwick Scholarship Fund
The Reynolds-Barwick Scholarship Fund is an independent foundation established in 1985 and located in Watseka, Illinois. The organization provides scholarship awards to high school graduates in Iroquois County, Illinois.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.2M
+17.0% YoY
Annual Giving
$200K
+0.0% YoY
Grant Count
20
-4.8% YoY
Avg Grant Size
$10K
+5.0% YoY
Under IRS private-foundation payout rules, Reynolds-barwick Scholarship Fund reported a distributable amount of $236K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The fund's primary purpose is to award scholarships to one high school graduate in each of the ten high schools in Iroquois County, Illinois. The scholarship program targets local students pursuing higher education.
Grantmaking
The fund distributes scholarships on a structured basis, awarding one scholarship per high school across the ten high schools in Iroquois County. This results in approximately ten scholarship awards annually to local high school graduates.
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Geographic Focus
Where this funder awards grants
The Reynolds-Barwick Scholarship Fund focuses exclusively on Iroquois County, Illinois, with scholarships distributed to graduates from the county's ten high schools.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,249,663 | $4,486,832 | $5,930,733 |
| Revenue | $116,457 | $145,714 | $176,246 |
| Expenses | $233,590 | $234,145 | $201,522 |
| Qualifying Distributions | $200,000 | $200,000 | $188,973 |
| Net Investment Income | $13,863 | $15,624 | $14,478 |
| Distributable Amount | $236,010 | $198,704 | $197,214 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
98 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Emmalee Bruens ($10,000), Rylee Thompson ($10,000), Evan LaBelle ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Emmalee Bruens Wellington, IL | Scholarship | $10,000 |
| Rylee Thompson Wellington, IL | Scholarship | $10,000 |
| Evan LaBelle Watseka, IL | Scholarship | $10,000 |
| Margaret Dickte Watseka, IL | Scholarship | $10,000 |
| Emma McEwen Sheldon, IL | Scholarship | $10,000 |
| Anna Mc Ewen Sheldon, IL | Scholarship | $10,000 |
| Hunter Mowery Milford, IL | Scholarship | $10,000 |
| Madyson Bennett Milford, IL | Scholarship | $10,000 |
| Jacquilne Pina Gilman, IL | Scholarship | $10,000 |
| Dean Clendenen Onarga, IL | Scholarship | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Recent Activity
Recent developments and announcements
The fund's operations are supported by asset management through The First Trust and Savings Bank, which serves as successor trustee of the Laura Reynolds Barwick Testamentary Trust. Recent farmland asset sales have been conducted to provide ongoing funding for the scholarship program's continuation.
Reynolds-Barwick Academic Scholarship recipients announcedFrequently Asked Questions
What does Reynolds-barwick Scholarship Fund fund?
The fund's primary purpose is to award scholarships to one high school graduate in each of the ten high schools in Iroquois County, Illinois. The scholarship program targets local students pursuing higher education.
How do I apply for a grant from Reynolds-barwick Scholarship Fund?
The fund distributes scholarships on a structured basis, awarding one scholarship per high school across the ten high schools in Iroquois County. This results in approximately ten scholarship awards annually to local high school graduates. Recent scholarship announcements indicate the fund continues active grantmaking to support students in the region.
Where does Reynolds-barwick Scholarship Fund make grants?
The Reynolds-Barwick Scholarship Fund focuses exclusively on Iroquois County, Illinois, with scholarships distributed to graduates from the county's ten high schools.
What size grants does Reynolds-barwick Scholarship Fund award?
In 2024, Reynolds-barwick Scholarship Fund awarded 20 grants totaling $200K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Reynolds-barwick Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Reynolds-barwick Scholarship Fund reported a distributable amount of $236K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Reynolds-barwick Scholarship Fund's EIN?
Reynolds-barwick Scholarship Fund's EIN (Employer Identification Number) is 37-6245457. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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