Ruth Veasey Educational Foundation Inc
Ruth Veasey Educational Foundation Inc is a private foundation based in Dermott, Arkansas. Established in 1963, the organization operates as a 501(c)(3) tax-exempt entity and is classified as a private foundation under IRS regulations.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.3M
+38.0% YoY
Annual Giving
$96K
-42.8% YoY
Grant Count
17
-50.0% YoY
Avg Grant Size
$6K
+14.4% YoY
Mission & Focus Areas
The foundation's primary charitable activities center on providing scholarship loans to qualifying individuals. The organization does not maintain a publicly stated mission statement.
Grantmaking
The foundation distributes funds through scholarship loans rather than traditional grants. Based on recent tax filings, the foundation made distributions totaling approximately $226,000, with individual awards typically ranging up to $5,000. The foundation made 34 distributions in the most recent reporting period.
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Geographic Focus
Where this funder awards grants
The foundation operates from Dermott, Arkansas, though specific geographic limitations on funding are not documented in available sources.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending May 2025:
- Total Assets: $2,280,377
- Annual Revenue: $801,479
- Annual Expenses: $210,264
- Net Income: $591,215
- Total Liabilities: $2,350
The foundation's revenue is primarily derived from contributions, which represent 86.1% of total revenue.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,282,725 | $1,654,525 | $1,121,106 |
| Revenue | $801,479 | $675,362 | $178,021 |
| Expenses | $210,264 | $234,413 | $316,581 |
| Qualifying Distributions | $199,876 | $226,387 | $314,993 |
| Net Investment Income | $747,331 | $577,444 | $114,237 |
| Distributable Amount | — | — | — |
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 2025
Grant Size Distribution
143 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Scholarship Award Recipients ($17,502), Allbritton Josalyn ($5,004), Anderson Clayton ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Anderson Clayton Lake Village, AR | Student Loans | $5,000 |
| Burdan Mary Ashton McGehee, AR | Student Loans | $5,000 |
| Potter Henry Williams Lake Village, AR | Student Loans | $5,000 |
| Allbritton Josalyn Lake Village, AR | Student Loans | $5,004 |
| Burchfield Baylor Crossett, AR | Student Loans | $3,334 |
| Burchfield Maci Grace Crossett, AR | Student Loans | $5,000 |
| Cassels Lauren Elizabeth Hot Springs, AR | Student Loans | $5,000 |
| Cox Aidan Kole Lake Village, AR | Student Loans | $5,000 |
| Cox Jason Alexander Watson, AR | Student Loans | $5,000 |
| Humphries Zoe P Tillar, AR | Student Loans | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by the following board members:
- Mike Smith, President
- Melanie Proffitt, Director
- Bill Burchfield, Director
- Jill Jackson, Director
All board members serve without compensation.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Melanie Proffitt | Director | — | — |
| Bill Burchfield | Director | — | — |
| Jill Jackson | Director | — | — |
| Mike Smith | President | — | — |
Frequently Asked Questions
What does Ruth Veasey Educational Foundation Inc fund?
The foundation's primary charitable activities center on providing scholarship loans to qualifying individuals. The organization does not maintain a publicly stated mission statement.
How do I apply for a grant from Ruth Veasey Educational Foundation Inc?
The foundation distributes funds through scholarship loans rather than traditional grants. Based on recent tax filings, the foundation made distributions totaling approximately $226,000, with individual awards typically ranging up to $5,000. The foundation made 34 distributions in the most recent reporting period.
Where does Ruth Veasey Educational Foundation Inc make grants?
The foundation operates from Dermott, Arkansas, though specific geographic limitations on funding are not documented in available sources.
What size grants does Ruth Veasey Educational Foundation Inc award?
In 2025, Ruth Veasey Educational Foundation Inc awarded 17 grants totaling $96K — an average of about $6K per grant, based on its IRS Form 990 filings.
What is Ruth Veasey Educational Foundation Inc's EIN?
Ruth Veasey Educational Foundation Inc's EIN (Employer Identification Number) is 71-6051103. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Ruth Veasey Educational Foundation Inc's focus areas in our free grants database
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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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