Velma a Denny Scholarship Trust
Velma a Denny Scholarship Trust is a private foundation, based in Canton, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $412K in total assets. In 2025, it awarded 6 grants totaling $32K. Net investment income was $15K.
Velma a Denny Scholarship Trust at a glance
In short: Velma a Denny Scholarship Trust gave $32K across 6 grants in 2025 (avg $5K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $32,000
- +0.0% vs 2024
- Grants made (2025)
- 6
- +0.0% vs 2024
- Average grant
- $5,333
- +0.0% vs 2024
- Median grant
- $4,000
- Total assets
- $411,697
- -3.5% vs 2024
- Primary geography
- Illinois (75% 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 Velma a Denny Scholarship Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was University of Illinois ($8K). Together the top 5 received $28K.
Organizations only. It also paid 1 individual scholarship ($4,000), which are not listed by name.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 28 grants of 28 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Velma a Denny Scholarship Trust gives
- Giving grew 60% 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
From 2020 to 2025, annual grant giving ranged from $20K (2022) to $32K (2025). In 2025 it made 6 grants totaling $32K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Illinois Champaign, IL | Scholarship | $8,000 |
| Illinois State University Normal, IL | Scholarship | $8,000 |
| Governors State University University Park, IL | Scholarship | $4,000 |
| Western Illinois University Macomb, IL | Scholarship | $4,000 |
| 1 individual scholarship Recipients not named | — | $4,000 |
| Evangel University Springfield, MO | Scholarship | $4,000 |
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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 | $411,697 | $23,361 | $38,373 | $32,000 | 6 | $32,000 | $14,856 | $39,098 |
| 2024 | $426,719 | $19,554 | $38,709 | $32,000 | 6 | $32,000 | $13,179 | $36,132 |
| 2023 | $445,932 | $20,580 | $31,731 | $26,000 | 5 | $26,000 | $12,819 | $35,348 |
| 2022 | $457,222 | $10,951 | $25,811 | $20,000 | 4 | $20,000 | $8,605 | $33,407 |
| 2021 | $472,254 | $24,264 | $31,713 | $26,000 | 7 | $26,000 | $18,807 | $34,833 |
| 2020 | $479,740 | $11,992 | $29,230 | $24,000 | 5 | — | $10,319 | $31,214 |
Under IRS private-foundation payout rules, Velma a Denny Scholarship Trust reported a distributable amount of $39K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Velma a Denny Scholarship Trust's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gary Barnhart
Trustee
On filings since 2020
1 hr/week
No compensation reported
Patrick Carter
Trustee
On filings since 2020
1 hr/week
No compensation reported
Superintendent-Cusd
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: Superintendent-Canton Union Schools (2022–2024) — Trustee
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.
Frequently asked questions about Velma a Denny Scholarship Trust
How much does Velma a Denny Scholarship Trust give each year?
Velma a Denny Scholarship Trust gave $32K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $32K across 6 grants.
What is Velma a Denny Scholarship Trust's typical grant size?
Velma a Denny Scholarship Trust's median grant in 2025 was $4,000, and its average grant was $5,333, across 6 grants on its 2025 IRS Form 990-PF.
Where does Velma a Denny Scholarship Trust give grants?
Velma a Denny Scholarship Trust gives mostly in Illinois: 75% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Iowa (13%) and Missouri (13%).
Does Velma a Denny Scholarship Trust give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Velma a Denny Scholarship Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (6 grants).
Who are Velma a Denny Scholarship Trust's largest grantees?
Velma a Denny Scholarship Trust's largest 2025 grantees include University of Illinois ($8,000), Illinois State University ($8,000) and Governors State University ($4,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($4,000), which are not listed by name. Together they received 63% of its itemized 2025 grant dollars.
How large is Velma a Denny Scholarship Trust?
Velma a Denny Scholarship Trust reported $412K in total assets on its 2025 IRS Form 990-PF. It paid out $32K in qualifying distributions that year, against a required minimum of $39K (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 Velma a Denny Scholarship Trust's EIN?
Velma a Denny Scholarship Trust's EIN (Employer Identification Number) is 46-6235199. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Velma a Denny Scholarship Trust funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Velma a Denny Scholarship Trust's focus areas in our free grants database
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