The Laverne McNaughton Scholarship Fund
The Laverne McNaughton Scholarship Fund is a private foundation focused on Education, based in Great Falls, MT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $241K in total assets. In 2025, it awarded 7 grants totaling $11K. Net investment income was $21K.
Key facts about The Laverne McNaughton Scholarship Fund
In short: The Laverne McNaughton Scholarship Fund gave $11K across 7 grants in 2025 (avg $2K), mostly in Montana. Source: 2025 IRS Form 990-PF.
- EIN
- 82-6721125
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $10,760
- Grants made (2025)
- 7
- Average grant
- $1,537
- Median grant
- $1,000
- Total assets
- $240,702
- Primary geography
- Montana (72% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$241K
+3.0% YoY
Annual Giving
$11K
-4.7% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$2K
-4.7% YoY
Under IRS private-foundation payout rules, The Laverne McNaughton Scholarship Fund reported a distributable amount of $13K for 2025 — the minimum it must pay out in qualifying distributions.
How The Laverne McNaughton Scholarship Fund gives
- Giving fell 33% from 2022 to 2025. Method
- In 2025 it paid out 93% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $5K (2019) to $16K (2022). In 2025 it made 7 grants totaling $11K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Carroll College ($1K). Together the top 6 received $6K.
Organizations only. It also paid 1 individual scholarship ($4,760), which are not listed by name.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 29 grants of 29 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $4,760 |
| Carroll College Helena, MT | Scholarships | $1,000 |
| University of Montana Missoula, MT | Scholarships | $1,000 |
| Concordia College Morhead, MN | Scholarships | $1,000 |
| Northern Arizona University Flagstaff, AZ | Scholarships | $1,000 |
| Miles City Community College Miles City, MT | Scholarships | $1,000 |
| The Catholic University of America Washington, DC | Scholarships | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $240,702 | $233,787 | $227,612 |
| Revenue | $22,856 | $22,735 | $10,534 |
| Expenses | $15,941 | $16,560 | $16,134 |
| Qualifying Distributions | $12,307 | $12,781 | $12,685 |
| Net Investment Income | $21,055 | $20,560 | $8,519 |
| Distributable Amount | $13,260 | $12,769 | $12,162 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 17, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 22, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 27, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 27, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
Leadership & Key People
Officers and directors from IRS filings
The Laverne McNaughton Scholarship Fund's only listed officer is D A Davidson Trust CO, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
D A Davidson Trust CO
Trustee
On filings since 2019
5 hrs/week
$3K (2019) → $3K (2025)
Data from IRS Form 990 filings, 2019–2025. "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 $3K, to D a Davidson Trust CO (Trustee).
Frequently asked questions about The Laverne McNaughton Scholarship Fund
How much does The Laverne McNaughton Scholarship Fund give each year?
The Laverne McNaughton Scholarship Fund gave $11K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $11K across 7 grants.
What is The Laverne McNaughton Scholarship Fund's typical grant size?
The Laverne McNaughton Scholarship Fund's median grant in 2025 was $1,000, and its average grant was $1,537, across 7 grants on its 2025 IRS Form 990-PF.
Where does The Laverne McNaughton Scholarship Fund give grants?
The Laverne McNaughton Scholarship Fund gives mostly in Montana: 72% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Minnesota (9%) and Arizona (9%).
Does The Laverne McNaughton Scholarship Fund give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on The Laverne McNaughton Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (7 grants).
Who are The Laverne McNaughton Scholarship Fund's largest grantees?
The Laverne McNaughton Scholarship Fund's largest 2025 grantees include Carroll College ($1,000), University of Montana ($1,000) and Concordia College ($1,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($4,760), which are not listed by name. Together they received 28% of its itemized 2025 grant dollars.
How large is The Laverne McNaughton Scholarship Fund?
The Laverne McNaughton Scholarship Fund reported $241K in total assets on its 2025 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $13K (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 is The Laverne McNaughton Scholarship Fund?
The Laverne McNaughton Scholarship Fund is a private foundation focused on Education, based in Great Falls, MT. It holds $241K in total assets as of 2025.
What is The Laverne McNaughton Scholarship Fund's EIN?
The Laverne McNaughton Scholarship Fund's EIN (Employer Identification Number) is 82-6721125. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Laverne McNaughton Scholarship Fund by hand.
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