Tr Billy Millis Scholarship Fund

Private foundation · Grantmaker Saint Louis, MO EIN: 56-6054423

Tr Billy Millis Scholarship Fund is a private foundation, based in Saint Louis, MO. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $242K in total assets. In 2025, it awarded 1 grant totaling $10K. Net investment income was $18K.

Tr Billy Millis Scholarship Fund at a glance

In short: Tr Billy Millis Scholarship Fund gave $10K across 1 grant in 2025 (avg $10K), mostly in Tennessee. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$10,000
+0.0% vs 2024
Grants made (2025)
1
+0.0% vs 2024
Average grant
$10,000
+0.0% vs 2024
Median grant
$10,000
Total assets
$241,998
+2.5% vs 2024
Primary geography
Tennessee (100% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated September 2026.

Who Tr Billy Millis Scholarship Fund funds

How this funder distributes its grants

Top Recipients

Top recipient in 2025

The McCallie School: $10KThe McCallie School$10K

The largest 2025 recipient was The McCallie School ($10K).

Grant Size Distribution

5 grants across all recorded years

5<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 5 grants of 5 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Chattanooga

How Tr Billy Millis Scholarship Fund gives

  • Giving fell 44% from 2022 to 2025. Method
  • In 2025 it paid out 82% 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.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K$20K1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $10K (2023) to $18K (2022). In 2025 it made 1 grant totaling $10K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
The McCallie School Chattanooga, TNScholarship$10,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$241,998$18,364$12,345$10,0001$11,678$17,917$14,220
2024$236,176$11,895$11,762$10,0001$11,333$11,285$13,457
2023$235,813$6,296$11,567$10,0001$11,106$6,913$12,280
2022$241,336$12,086$19,865$18,0001$19,030$11,681$12,940
2021$249,210$26,316$13,393$12,0001$13,004$25,964$14,388
2020$236,247$17,873$13,956$12,0001—$17,598$12,365

Under IRS private-foundation payout rules, Tr Billy Millis Scholarship Fund reported a distributable amount of $14K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Tr Billy Millis Scholarship Fund's only listed officer is Wells Fargo Bank N A, Trustee on every filing since 2020 (compensated).

Officers on the 2025 filing

  • Wells Fargo Bank N A

    Trustee

    On filings since 2020

    1 hr/week

    $273 (2020) → $402 (2025)

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

Wells Fargo Bank N a — Trustee: $402Wells Fargo Bank N aTrustee$402

The highest reported compensation on the 2025 filing was $402, to Wells Fargo Bank N a (Trustee).

Frequently asked questions about Tr Billy Millis Scholarship Fund

How much does Tr Billy Millis Scholarship Fund give each year?

Tr Billy Millis Scholarship Fund gave $10K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $10K across 1 grant.

How large is Tr Billy Millis Scholarship Fund?

Tr Billy Millis Scholarship Fund reported $242K in total assets on its 2025 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $14K (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.

Where does Tr Billy Millis Scholarship Fund operate?

Tr Billy Millis Scholarship Fund has awarded grants in Tennessee.

What is Tr Billy Millis Scholarship Fund's EIN?

Tr Billy Millis Scholarship Fund's EIN (Employer Identification Number) is 56-6054423. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(6)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 7, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 19, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Tr Billy Millis Scholarship Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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