Rhoads Scholarship Trust
Rhoads Scholarship Trust is a private foundation based in Bowling Green, Kentucky. It awards college scholarships to female students from Ohio County, Kentucky.
Rhoads Scholarship Trust at a glance
In short: Rhoads Scholarship Trust gave $16K across 10 grants in 2025 (avg $2K), mostly in Kentucky. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $16,300
- +37.0% vs 2024
- Grants made (2025)
- 10
- +0.0% vs 2024
- Average grant
- $1,630
- +37.0% vs 2024
- Median grant
- $1,630
- Total assets
- $318,089
- +14.0% vs 2024
- Primary geography
- Kentucky (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 Rhoads Scholarship Trust
- How to Apply
-
The filing says applications are received from guidance counselors at Ohio County high schools. The trustee selects recipients using a standard form covering an essay, financial information, grades, and special circumstances. Applicants must also attach a résumé outlining school and outside activities, a transcript, and copies of tax return information. Recipients must be female graduates of an accredited Ohio County high school, attend or have been accepted to an accredited four-year undergraduate degree program, and maintain good academic standing. The filing identifies Farmers National Bank as the contact.
- Review Cycle
- Applications are received from schools at least one month before awards night; the filing does not specify the date of awards night.
- Deadline
- Applications are received from schools at least one month before awards night; the filing does not specify the date of…
- Contact
Application contact: Farmers National Bank
Mailing address: 1818 Wallace Court, Suite C-202, Bowling Green, KY 42103
Phone: (270) 783-3078
Email: kevin.simpson@wealthsouth.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Rhoads Scholarship Trust funds
How this funder distributes its grants
Grant Size Distribution
50 grants across all recorded years
The most common grant size was under $50K: 50 grants of 50 (100%).
Geographic Focus
Where this funder awards grants
The scholarship eligibility described in the filing is limited to female graduates of accredited Ohio County, Kentucky, high schools. All 2025 grant dollars went to recipients listed in Kentucky.
Grant Distribution by State
Share of 2025 grant dollars across all 10 itemized grants.
States
Cities
How Rhoads Scholarship Trust gives
- Giving held roughly steady from 2022 to 2025 (+3%). Method
- In 2025 it paid out 117% 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 2019 to 2025, annual grant giving ranged from $10K (2023) to $16K (2025). In 2025 it made 10 grants totaling $16K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 10 individual scholarships Recipients not named | — | $16,300 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $318,089 | $58,986 | $19,990 | $16,300 | 10 | $16,300 | $58,986 | $13,886 |
| 2024 | $279,093 | $27,744 | $16,915 | $11,900 | 10 | $11,900 | $25,839 | $16,293 |
| 2023 | $268,264 | $16,199 | $15,313 | $10,000 | 10 | $10,000 | $14,395 | $15,622 |
| 2022 | $267,449 | $16,109 | $21,551 | $15,750 | 10 | $17,180 | $12,363 | $16,877 |
| 2021 | $272,862 | $49,284 | $20,395 | $15,000 | 10 | $16,320 | $45,008 | $16,957 |
| 2020 | $244,245 | $8,940 | $19,985 | $15,000 | 10 | — | $6,358 | $16,531 |
| 2019 | $255,233 | $8,185 | $18,164 | $13,500 | 9 | — | $6,771 | $15,242 |
Under IRS private-foundation payout rules, Rhoads Scholarship Trust reported a distributable amount of $14K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The filing does not state a separate mission. Its stated charitable activity is awarding college scholarships to female students from Ohio County.
Grantmaking
In 2025, the trust gave 10 scholarships totaling $16,300. Each grant was $1,630. The listed recipients were ten individual recipients; each grant was for an academic scholarship.
Leadership & Key People
Officers and directors from IRS filings
Rhoads Scholarship Trust's only listed officer is Farmers National Bank, Trustee on every filing since 2023 (uncompensated).
Officers on the 2025 filing
Farmers National Bank
Trustee
On filings since 2023
$4K (2023) → $0 (2025)
Former officers (1)
- Former: Wealthsouth (2019–2022) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $4K, to Farmers National Bank (Trustee).
Frequently asked questions about Rhoads Scholarship Trust
How much does Rhoads Scholarship Trust give each year?
Rhoads Scholarship Trust gave $16K across 10 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $12K across 10 grants.
What is Rhoads Scholarship Trust's typical grant size?
Rhoads Scholarship Trust's median grant in 2025 was $1,630, and its average grant was $1,630, across 10 grants on its 2025 IRS Form 990-PF.
Where does Rhoads Scholarship Trust give grants?
Rhoads Scholarship Trust gives mostly in Kentucky: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Rhoads Scholarship Trust give general operating support?
Not in 2025: none of the 10 grants with a stated purpose on Rhoads Scholarship Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Academic Scholarship" (10 grants).
How large is Rhoads Scholarship Trust?
Rhoads Scholarship Trust reported $318K in total assets on its 2025 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $14K (roughly 5% of its investment assets).
What does Rhoads Scholarship Trust fund?
The filing does not state a separate mission. Its stated charitable activity is awarding college scholarships to female students from Ohio County. See mission & focus areas ↑
How do I apply for a grant from Rhoads Scholarship Trust?
The filing says applications are received from guidance counselors at Ohio County high schools. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Rhoads Scholarship Trust's EIN?
Rhoads Scholarship Trust's EIN (Employer Identification Number) is 61-1089770. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 5, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 22, 2020)
- IRS filings on file for fiscal years 2020–2024
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