Trudell Scholarship Trust

IRON MOUNTAIN, MI EIN: 72-6230453

Trudell Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in IRON MOUNTAIN, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $140K in total assets. In 2024, it awarded 1 grants totaling $6K. Net investment income was $8K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$140K

+1.0% YoY

Annual Giving

$6K

-2.7% YoY

Grant Count

-83.3% YoY

Avg Grant Size

$6K

+483.7% YoY

Under IRS private-foundation payout rules, Trudell Scholarship Trust reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.

About Trudell Scholarship Trust

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $34K (100%)

States

Michigan

Cities

Iron Mountain

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$140,096	$138,663	$140,993
Revenue	$9,499	$5,864	$8,937
Expenses	$8,066	$8,194	$9,033
Qualifying Distributions	$6,900	$7,015	$7,770
Net Investment Income	$8,333	$4,685	$7,674
Distributable Amount	$6,933	$6,847	$7,059

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 Grayson Palmer ($6,003).

Recipient	Purpose	Amount
GRAYSON PALMER IRON MOUNTAIN, MI	SCHOLARSHIP	$6,003

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
FIRST NATIONAL BANK TRUST	TRUSTEE	1	$1,495

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Trudell Scholarship Trust?

Trudell Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in IRON MOUNTAIN, MI. It holds $140K in total assets as of 2024.

How large is Trudell Scholarship Trust?

As of 2024, Trudell Scholarship Trust holds $140K in total assets with $9K in annual revenue. It awarded 1 grants totaling $6K in 2024.

Where does Trudell Scholarship Trust operate?

Trudell Scholarship Trust has awarded grants in Michigan.

What size grants does Trudell Scholarship Trust award?

In 2024, Trudell Scholarship Trust awarded 1 grants totaling $6K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is Trudell Scholarship Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Trudell Scholarship Trust reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.