Van Gesselscholarship FD
Van Gesselscholarship FD is a private foundation, based in Pennington, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $767K in total assets. In 2024, it awarded 1 grant totaling $40K. Net investment income was $69K.
Van Gesselscholarship FD at a glance
In short: Van Gesselscholarship FD gave $40K across 1 grant in 2024 (avg $40K), mostly in Michigan. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $39,524
- +11.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $39,524
- +11.0% vs 2023
- Median grant
- $39,524
- Total assets
- $766,945
- +5.8% vs 2023
- Primary geography
- Michigan (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Van Gesselscholarship FD funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Aquinas College Inc ($40K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Van Gesselscholarship FD gives
- Giving held roughly steady from 2021 to 2024 (−9%). Method
- In 2024 it paid out 104% 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 2020 to 2024, annual grant giving ranged from $36K (2023) to $46K (2022). In 2024 it made 1 grant totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Aquinas College Inc Grand Rapids, MI | General Operating | $39,524 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $766,945 | $80,777 | $46,045 | $39,524 | 1 | $41,751 | $68,546 | $40,142 |
| 2023 | $724,644 | $38,299 | $49,110 | $35,601 | 1 | $38,351 | $32,999 | $36,366 |
| 2022 | $735,420 | $46,708 | $56,113 | $45,681 | 1 | $48,626 | $35,534 | $37,293 |
| 2021 | $751,826 | $106,259 | $61,089 | $43,217 | 1 | $46,566 | $100,467 | $43,143 |
| 2020 | $700,129 | $51,908 | $48,696 | $40,154 | 1 | — | $46,952 | $37,938 |
Under IRS private-foundation payout rules, Van Gesselscholarship FD reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Van Gesselscholarship FD's 2024 filing lists 2 officers; 1 of 2 officers listed in 2024 is compensated.
Officers on the 2024 filing
Bank Of America N A
Co-Trustee
Trustee → Co-Trustee, 2022
On filings since 2020
2 hrs/week
$5K (2020) → $4K (2024)
Mike Myers Beckett Jones
Co-Trustee
Trustee → Co-Trustee, 2022
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $4K, to Bank of America N a (Co-Trustee).
Frequently asked questions about Van Gesselscholarship FD
How much does Van Gesselscholarship FD give each year?
Van Gesselscholarship FD gave $40K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $36K across 1 grant.
How large is Van Gesselscholarship FD?
Van Gesselscholarship FD reported $767K in total assets on its 2024 IRS Form 990-PF. It paid out $42K in qualifying distributions that year, against a required minimum of $40K (roughly 5% of its investment assets).
Where does Van Gesselscholarship FD operate?
Van Gesselscholarship FD has awarded grants in Michigan.
What is Van Gesselscholarship FD's EIN?
Van Gesselscholarship FD's EIN (Employer Identification Number) is 38-6527749. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 26, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 25, 2025)
- IRS filings on file for fiscal years 2020–2024
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