The Charles Mitchell Scholarship Trust is a private foundation based in Chicago, Illinois, established in 1997. The organization is classified as a 501(c)(3) private foundation and operates with a minimal staff of one employee. The trust's primary purpose is to fund scholarships.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.0M
+1.3% YoY
Annual Giving
$260K
-0.2% YoY
Grant Count
56
+0.0% YoY
Avg Grant Size
$5K
-0.2% YoY
Mission & Focus Areas
The Charles Mitchell Scholarship Trust primarily funds scholarships as its core mission.
Grantmaking
The trust made 57 grants in the most recent reporting year. The organization distributes scholarship funding to individual recipients.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Fiscal Year 2024:
- Total Assets: $4,957,637
- Total Revenues: $419,316
- Total Expenses: $362,000
- Investment Income and Dividends: $216,239
- Net Gain from Sale of Non-Inventory Assets: $203,077
Fiscal Year 2023:
- Total Revenues: $400,022
- Investment Income and Dividends: $159,487
- Net Gain from Sale of Non-Inventory Assets: $240,535
The trust's revenue increased 4.8% year-over-year, driven primarily by investment income and capital gains. The organization does not receive grants or contributions as a funding source; it relies entirely on investment returns from its endowment.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,957,637 | $4,894,793 | $4,841,594 |
| Revenue | $419,316 | $400,022 | $209,695 |
| Expenses | $362,000 | $346,207 | $406,154 |
| Qualifying Distributions | $301,024 | $299,215 | $345,286 |
| Net Investment Income | $348,624 | $337,980 | $145,809 |
| Distributable Amount | $344,081 | $298,625 | $309,227 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Krystal Zec serves as Vice President of the organization (as of April 2024).
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD HENRY PERSHAN | CO-TRUSTEE | 2 | $11,594 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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