Scharlepp Scholarship Trust
Scharlepp Scholarship Trust is a private foundation based in Sioux Falls, South Dakota. It provides tuition scholarships for current or recent high school graduates from Osceola, Lyon, Sioux, and O'Brien counties in Iowa.
Key facts about Scharlepp Scholarship Trust
In short: Scharlepp Scholarship Trust gave $60K across 12 grants in 2025 (avg $5K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- EIN
- 47-2151700
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $60,000
- Grants made (2025)
- 12
- Average grant
- $5,000
- Median grant
- $5,000
- Total assets
- $3,238,424
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The trust does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Full details ↓
Data from IRS Form 990-PF, 2025; updated October 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
$3.2M
+1.0% YoY
Annual Giving
$60K
-13.8% YoY
Grant Count
12
+0.0% YoY
Avg Grant Size
$5K
-13.8% YoY
Under IRS private-foundation payout rules, Scharlepp Scholarship Trust reported a distributable amount of $70K for 2025 — the minimum it must pay out in qualifying distributions.
How Scharlepp Scholarship Trust gives
- Giving fell 33% from 2022 to 2025. Method
- In 2025 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
The trust says it is organized to provide educational opportunities and financial assistance to young adults from Osceola, Lyon, Sioux, and O'Brien counties of Iowa. Its filing describes annual distributions to high schools for tuition scholarships for current or recent graduates.
In 2025, all listed grants went to Iowa schools or school-related organizations for college scholarships. One recipient, West Lyon School Foundation, describes its own mission as administering and distributing gifts for education and scientific purposes, including contributions and assistance to educational and scientific institutions.
Grantmaking
In 2025, the trust reported 12 grants totaling $60,000. Each grant was $5,000. Recipients included Boyden-Hull Community School District, an individual recipient Senior High School, an individual recipient Community School, Hartley-Melvin-Sanborn Community School, an individual recipient Community School, an individual recipient Community School, Sheldon Community School District, Sibley-Ocheyedan Community School, Sioux Center Schools, an individual recipient Community School, West Lyon School Foundation, and an individual recipient Community School District. Each received $5,000 for college scholarships to be awarded.
How to Apply
The trust does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Its filing says scholarships are awarded through high schools to current or recent graduates; it does not provide application materials or further application instructions.
Ready to take the next step with Scharlepp Scholarship Trust?
Geographic Focus
Where this funder awards grants
The trust states that it serves young adults from Osceola, Lyon, Sioux, and O'Brien counties in Iowa. Its 2025 grants were all to recipients in Iowa.
Grant Distribution by State
Share of 2025 grant dollars across all 12 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $60K (2025) to $90K (2022). In 2025 it made 12 grants totaling $60K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Boyden-Hull Community School Distri ($5K). Together the top 5 received $25K.
Organizations only. It also paid 7 individual scholarships ($35,000), which are not listed by name.
Grant Size Distribution
60 grants across all recorded years
The most common grant size was under $50K: 60 grants of 60 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boyden-Hull Community School Distri Hull, IA | College Scholarships to Be Awarded | $5,000 |
| 7 individual scholarships Recipients not named | — | $35,000 |
| Hartley-Melvin-Sanborn Community Hartley, IA | College Scholarships to Be Awarded | $5,000 |
| Sheldon Community School District Sheldon, IA | College Scholarships to Be Awarded | $5,000 |
| Sibley-Ocheyedan Community School Sibley, IA | College Scholarships to Be Awarded | $5,000 |
| Sioux Center Schools Sioux Center, IA | College Scholarships to Be Awarded | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $3,238,424 | $112,603 | $82,003 | $60,000 (12) |
| 2024 | $3,207,824 | $91,617 | $89,767 | $69,600 (12) |
| 2023 | $3,205,974 | $107,645 | $103,905 | $84,000 (12) |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,238,424 | $3,207,824 | $3,205,974 |
| Revenue | $112,603 | $91,617 | $107,645 |
| Expenses | $82,003 | $89,767 | $103,905 |
| Qualifying Distributions | $64,773 | $74,208 | $88,085 |
| Net Investment Income | $12,567 | $11,440 | $9,317 |
| Distributable Amount | $70,353 | $58,539 | $52,023 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists The First National Bank Sioux Falls and Gary T Benz as co-trustees.
Scharlepp Scholarship Trust's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
Gary T. Benz
Co-Trustee
On filings since 2020
$1K (2020) → $1K (2025)
The First National Bank Sioux Falls
Co-Trustee
On filings since 2020
$5K (2020) → $5K (2025)
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
The highest reported compensation on the 2025 filing was $5K, to The First National Bank Sioux Falls (Co-Trustee). 2 officers or directors reported compensation on that filing.
Contact
Mailing address: PO Box 5186, Sioux Falls, SD 57117-5186
Phone: (605) 335-5109
Frequently asked questions about Scharlepp Scholarship Trust
How much does Scharlepp Scholarship Trust give each year?
Scharlepp Scholarship Trust gave $60K across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $70K across 12 grants.
What is Scharlepp Scholarship Trust's typical grant size?
Scharlepp Scholarship Trust's median grant in 2025 was $5,000, and its average grant was $5,000, across 12 grants on its 2025 IRS Form 990-PF.
Where does Scharlepp Scholarship Trust give grants?
Scharlepp Scholarship Trust gives mostly in Iowa: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Scharlepp Scholarship Trust give general operating support?
Not in 2025: none of the 12 grants with a stated purpose on Scharlepp Scholarship Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "College Scholarships to Be Awarded" (11 grants).
Who are Scharlepp Scholarship Trust's largest grantees?
Scharlepp Scholarship Trust's largest 2025 grantees include Boyden-Hull Community School Distri ($5,000), Hartley-Melvin-Sanborn Community ($5,000) and Sheldon Community School District ($5,000), according to its 2025 IRS Form 990-PF. It also paid 7 individual scholarships ($35,000), which are not listed by name. Together they received 25% of its itemized 2025 grant dollars.
How large is Scharlepp Scholarship Trust?
Scharlepp Scholarship Trust reported $3.2M in total assets on its 2025 IRS Form 990-PF. It paid out $65K in qualifying distributions that year, against a required minimum of $70K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Scharlepp Scholarship Trust fund?
The trust says it is organized to provide educational opportunities and financial assistance to young adults from Osceola, Lyon, Sioux, and O'Brien counties of Iowa. Its filing describes annual distributions to high schools for tuition scholarships for current or recent graduates. See mission & focus areas ↑
How do I apply for a grant from Scharlepp Scholarship Trust?
The trust does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Scharlepp Scholarship Trust's EIN?
Scharlepp Scholarship Trust's EIN (Employer Identification Number) is 47-2151700. IRS Form 990 filing data is available on this page for 2020–2025.
Does Scharlepp Scholarship Trust accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Scharlepp Scholarship Trust by hand.
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Cite this profile
Grantable. (2026). Scharlepp Scholarship Trust funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/scharlepp-scholarship-trust-morg_eccd4e00fe704e8db76f795973f6022c
BibTeX
@misc{grantable_472151700_2026,
author = {{Grantable}},
title = {{Scharlepp Scholarship Trust funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/scharlepp-scholarship-trust-morg_eccd4e00fe704e8db76f795973f6022c},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Scharlepp Scholarship Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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