Richard & Betty Heiser Scholarship Trust
Richard & Betty Heiser Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTH BEND, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 45 grants totaling $53K. Net investment income was $113K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+5.3% YoY
Annual Giving
$53K
-8.7% YoY
Grant Count
45
-6.3% YoY
Avg Grant Size
$1K
-2.6% YoY
Under IRS private-foundation payout rules, Richard & Betty Heiser Scholarship Trust reported a distributable amount of $56K for 2024 — the minimum it must pay out in qualifying distributions.
About Richard & Betty Heiser Scholarship Trust
Based on IRS filings
Richard & Betty Heiser Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTH BEND, IN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 45 grants totaling $53K. Net investment income was $113K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,099,130 | $1,043,535 | $1,057,030 |
| Revenue | $121,817 | $59,000 | $139,704 |
| Expenses | $65,862 | $72,425 | $79,189 |
| Qualifying Distributions | $53,141 | $57,500 | $64,000 |
| Net Investment Income | $112,947 | $54,690 | $135,525 |
| Distributable Amount | $55,708 | $54,283 | $57,506 |
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
235 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ryan Gadziola ($2,500), Jacob Faulstich ($2,000), Grant Witmer ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Ellery Bassett South Bend, IN | SCHOLARSHIP | $1,500 |
| Jacob Faulstich Plymouth, IN | SCHOLARSHIP | $2,000 |
| Annaliese Plothow Plymouth, IN | SCHOLARSHIP | $1,000 |
| MADISON STILES PLYMOUTH, IN | SCHOLARSHIP | $1,000 |
| Madeline Borden Plymouth, IN | SCHOLARSHIP | $1,500 |
| MacKenzie Himes Plymouth, IN | SCHOLARSHIP | $1,500 |
| DANIEL BACON PLYMOUTH, IN | SCHOLARSHIP | $500 |
| Dulce Rosas Plymouth, IN | SCHOLARSHIP | $1,000 |
| JACKSON BOUGHER PLYMOUTH, IN | SCHOLARSHIP | $1,000 |
| Celena Ellinger Plymouth, IN | SCHOLARSHIP | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JACOB SINGLETON PRINCIPAL | COMMITTEE MEMBER | 1 | — |
| JOELLA DEPRA | COMMITTEE MEMBER | 1 | — |
| 1ST SOURCE BANK | TRUSTEE | 1 | $11,492 |
| MITCH MAWHORTER | COMMITTEE MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Richard & Betty Heiser Scholarship Trust?
Richard & Betty Heiser Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOUTH BEND, IN. It holds $1.1M in total assets as of 2024.
How large is Richard & Betty Heiser Scholarship Trust?
As of 2024, Richard & Betty Heiser Scholarship Trust holds $1.1M in total assets with $122K in annual revenue. It awarded 45 grants totaling $53K in 2024.
Where does Richard & Betty Heiser Scholarship Trust operate?
Richard & Betty Heiser Scholarship Trust has awarded grants in Indiana, Kentucky, Missouri.
What size grants does Richard & Betty Heiser Scholarship Trust award?
In 2024, Richard & Betty Heiser Scholarship Trust awarded 45 grants totaling $53K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Richard & Betty Heiser Scholarship Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard & Betty Heiser Scholarship Trust reported a distributable amount of $56K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Richard & Betty Heiser Scholarship Trust's EIN?
Richard & Betty Heiser Scholarship Trust's EIN (Employer Identification Number) is 35-6794889. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Richard & Betty Heiser Scholarship Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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