Shroyer Scholarship Fund 000381
Shroyer Scholarship Fund 000381 is a private foundation based in Muncie, Indiana. Its 2025 filing reports grants for scholarships to individual recipients.
Shroyer Scholarship Fund 000381 at a glance
In short: Shroyer Scholarship Fund 000381 gave $148K across 27 grants in 2025 (avg $5K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $147,992
- +16.3% vs 2024
- Grants made (2025)
- 27
- +3.8% vs 2024
- Average grant
- $5,481
- +12.0% vs 2024
- Median grant
- $5,704
- Total assets
- $655,527
- -0.9% vs 2024
- Primary geography
- Indiana (96% 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 Shroyer Scholarship Fund 000381
- How to Apply
-
The filing directs applicants to contact First Merchants Private Wealth Advisors for the application form and materials. Recipients must achieve and maintain at least a 2.0 average GPA.
- Contact
Application contact: First Merchants Priv Wlth Adv
Mailing address: 200 East Jackson Street, Muncie, IN 47305
Phone: (765) 747-1500
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Shroyer Scholarship Fund 000381 funds
How this funder distributes its grants
Grant Size Distribution
148 grants across all recorded years
The most common grant size was under $50K: 148 grants of 148 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 96% of grant dollars went to recipients in Indiana and 4% to recipients in Kentucky.
Grant Distribution by State
Share of 2025 grant dollars across all 27 itemized grants.
Cities
How Shroyer Scholarship Fund 000381 gives
- Giving held roughly steady from 2022 to 2025 (+15%). Method
- In 2025 it paid out 303% 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 2020 to 2025, annual grant giving ranged from $17K (2020) to $148K (2025). In 2025 it made 27 grants totaling $148K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 27 individual scholarships Recipients not named | — | $147,992 |
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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 | $655,527 | $158,816 | $165,663 | $147,992 | 27 | $159,671 | $154,784 | $52,729 |
| 2024 | $661,677 | $84,740 | $144,729 | $127,268 | 26 | $140,478 | $78,848 | $57,750 |
| 2023 | $722,363 | $43,190 | $113,906 | $97,162 | 23 | $108,747 | $31,341 | $62,820 |
| 2022 | $793,182 | $36,756 | $147,709 | $128,253 | 29 | $140,629 | $32,417 | $58,865 |
| 2021 | $904,135 | $97,929 | $87,497 | $70,898 | 43 | $82,205 | $84,810 | $75,397 |
| 2020 | $893,874 | $62,025 | $32,365 | $17,225 | 24 | — | $52,318 | $64,329 |
Under IRS private-foundation payout rules, Shroyer Scholarship Fund 000381 reported a distributable amount of $53K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The available filing information identifies scholarship awards but does not state a broader mission or describe other funding areas.
Grantmaking
In 2025, the fund reported 27 grants totaling $147,992. Grants ranged from $2,594 to $11,131, with a median of $5,704. The listed awards were for scholarships to individual recipients.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists FIRST MERCHANTS PRIVATE WEALTH ADVI ORS as trustee.
Shroyer Scholarship Fund 000381's only listed officer is First Merchants Private Wealth Advi ORS, Trustee on every filing since 2024 (compensated).
Officers on the 2025 filing
First Merchants Private Wealth Advi ORS
Trustee
On filings since 2024
1 hr/week
$14K (2024) → $13K (2025)
Former officers (1)
- Former: First Merchants Private Wlth Adviso (2020–2023) — Trustee
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 $13K, to First Merchants Private Wealth Advi ORS (Trustee).
Frequently asked questions about Shroyer Scholarship Fund 000381
How much does Shroyer Scholarship Fund 000381 give each year?
Shroyer Scholarship Fund 000381 gave $148K across 27 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $127K across 26 grants.
What is Shroyer Scholarship Fund 000381's typical grant size?
Shroyer Scholarship Fund 000381's median grant in 2025 was $5,704, and its average grant was $5,481, across 27 grants on its 2025 IRS Form 990-PF.
Where does Shroyer Scholarship Fund 000381 give grants?
Shroyer Scholarship Fund 000381 gives mostly in Indiana: 96% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Shroyer Scholarship Fund 000381 give general operating support?
Not in 2025: none of the 27 grants with a stated purpose on Shroyer Scholarship Fund 000381's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (27 grants).
How large is Shroyer Scholarship Fund 000381?
Shroyer Scholarship Fund 000381 reported $656K in total assets on its 2025 IRS Form 990-PF. It paid out $160K in qualifying distributions that year, against a required minimum of $53K (roughly 5% of its investment assets).
What does Shroyer Scholarship Fund 000381 fund?
The available filing information identifies scholarship awards but does not state a broader mission or describe other funding areas. See mission & focus areas ↑
How do I apply for a grant from Shroyer Scholarship Fund 000381?
The filing directs applicants to contact First Merchants Private Wealth Advisors for the application form and materials. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Shroyer Scholarship Fund 000381's EIN?
Shroyer Scholarship Fund 000381's EIN (Employer Identification Number) is 35-6017466. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
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