Thomas L & Mabel Grace Jones Scholarship Fund
Thomas L & Mabel Grace Jones Scholarship Fund is a private foundation focused on Education, based in Milwaukee, WI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $110K in total assets. In 2025, it awarded 2 grants totaling $4K. Net investment income was $8K.
Thomas L & Mabel Grace Jones Scholarship Fund at a glance
In short: Thomas L & Mabel Grace Jones Scholarship Fund gave $4K across 2 grants in 2025 (avg $2K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,242
- -54.6% vs 2024
- Grants made (2025)
- 2
- -50.0% vs 2024
- Average grant
- $2,121
- -9.3% vs 2024
- Median grant
- $2,121
- Total assets
- $109,566
- -1.0% vs 2024
- Primary geography
- Iowa (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Thomas L & Mabel Grace Jones Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Iowa State University ($2K).
Organizations only. It also paid 1 individual scholarship ($2,121), which are not listed by name.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Thomas L & Mabel Grace Jones Scholarship Fund gives
- Giving grew 70% from 2022 to 2025. Method
- In 2025 it paid out 124% 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 2019 to 2025, annual grant giving ranged from $2K (2021) to $9K (2024). In 2025 it made 2 grants totaling $4K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Iowa State University Ames, IA | Scholarship | $2,121 |
| 1 individual scholarship Recipients not named | — | $2,121 |
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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 | $109,566 | $9,489 | $9,306 | $4,242 | 2 | $7,439 | $7,654 | $6,004 |
| 2024 | $110,632 | $3,503 | $13,917 | $9,350 | 4 | $11,042 | $2,194 | $5,934 |
| 2023 | $119,795 | $2,525 | $5,209 | $3,000 | 2 | $3,188 | $1,519 | $5,793 |
| 2022 | $122,478 | $15,357 | $6,471 | $2,500 | 2 | $4,221 | $13,341 | $6,603 |
| 2021 | $113,593 | $11,402 | $4,743 | $2,000 | 2 | — | $9,583 | $6,050 |
| 2020 | $106,935 | $2,164 | $9,996 | $6,500 | 3 | — | $1,430 | $5,787 |
| 2019 | $114,786 | $5,701 | $8,649 | $6,500 | 3 | — | $3,880 | $6,001 |
Under IRS private-foundation payout rules, Thomas L & Mabel Grace Jones Scholarship Fund reported a distributable amount of $6K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Thomas L & Mabel Grace Jones Scholarship Fund's only listed officer is US Bank NA, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
US Bank NA
Trustee
On filings since 2019
1 hr/week
$2K (2019) → $2K (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 $2K, to US Bank NA (Trustee).
Frequently asked questions about Thomas L & Mabel Grace Jones Scholarship Fund
How much does Thomas L & Mabel Grace Jones Scholarship Fund give each year?
Thomas L & Mabel Grace Jones Scholarship Fund gave $4K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $9K across 4 grants.
How large is Thomas L & Mabel Grace Jones Scholarship Fund?
Thomas L & Mabel Grace Jones Scholarship Fund reported $110K in total assets on its 2025 IRS Form 990-PF. It paid out $7K in qualifying distributions that year, against a required minimum of $6K (roughly 5% of its investment assets).
What is Thomas L & Mabel Grace Jones Scholarship Fund?
Thomas L & Mabel Grace Jones Scholarship Fund is a private foundation focused on Education, based in Milwaukee, WI. It holds $110K in total assets as of 2025.
Where does Thomas L & Mabel Grace Jones Scholarship Fund operate?
Thomas L & Mabel Grace Jones Scholarship Fund has awarded grants in Iowa.
What is Thomas L & Mabel Grace Jones Scholarship Fund's EIN?
Thomas L & Mabel Grace Jones Scholarship Fund's EIN (Employer Identification Number) is 42-6144737. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS August 23, 2019)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 3, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 2, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 9, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS September 10, 2025)
- IRS filings on file for fiscal years 2019–2025
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