Switzer Scholarship Fund is a private foundation focused on Education, based in NORMAL, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $335K in total assets. In 2024, it awarded 1 grants totaling $17K. Net investment income was $62K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$335K
+15.3% YoY
Annual Giving
$17K
-50.0% YoY
Grant Count
1
-66.7% YoY
Avg Grant Size
$17K
+50.0% YoY
Under IRS private-foundation payout rules, Switzer Scholarship Fund reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.
About Switzer Scholarship Fund
Based on IRS filings
Switzer Scholarship Fund is a private foundation focused on Education, based in NORMAL, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $335K in total assets. In 2024, it awarded 1 grants totaling $17K. Net investment income was $62K.
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 | $335,248 | $290,881 | $330,329 |
| Revenue | $81,082 | $13,116 | $-8,309 |
| Expenses | $36,876 | $52,472 | $55,587 |
| Qualifying Distributions | $17,983 | $48,366 | $49,552 |
| Net Investment Income | $62,207 | $7,852 | $2,506 |
| Distributable Amount | $15,618 | $16,719 | $18,704 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Iowa State University ($17,000).
| Recipient | Purpose | Amount |
|---|---|---|
| IOWA STATE UNIVERSITY AMES, IA | EDUCATIONAL SCHOLARSHIP | $17,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $2,791 |
| HEARTLAND BANK TRUST COMPANY | TRUSTEE | 1 | $1,961 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Switzer Scholarship Fund?
Switzer Scholarship Fund is a private foundation focused on Education, based in NORMAL, IL. It holds $335K in total assets as of 2024.
How large is Switzer Scholarship Fund?
As of 2024, Switzer Scholarship Fund holds $335K in total assets with $81K in annual revenue. It awarded 1 grants totaling $17K in 2024.
Where does Switzer Scholarship Fund operate?
Switzer Scholarship Fund has awarded grants in Iowa, Illinois, Minnesota, Wisconsin.
What size grants does Switzer Scholarship Fund award?
In 2024, Switzer Scholarship Fund awarded 1 grants totaling $17K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Switzer Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Switzer Scholarship Fund reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Switzer Scholarship Fund's EIN?
Switzer Scholarship Fund's EIN (Employer Identification Number) is 59-6785090. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Switzer Scholarship Fund'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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