THE VERNA K TOWNSEND TRUST PROVIDES FOR $2,500 ANNUAL SCHOLARSHIPS TO BE GIVEN TO STUDENTS AT THE UNIVERSITY OF ILLINOIS WHO ARE CURRENTLY ENROLLED IN THE COLLEGE OF LAW AND SCHOOL OF MUSIC.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
+2.4% YoY
Annual Giving
$96K
Grant Count
2
Avg Grant Size
$48K
About Verna Townsend Trust Dated 7871 1020000374
Based on IRS filings
Verna Townsend Trust Dated 7871 1020000374 is a nonprofit organization focused on Education, based in CHAMPAIGN, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 2 grants totaling $96K. Net investment income was $37K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,798,448 | $1,755,877 | $1,740,434 |
| Revenue | $149,025 | $117,464 | $139,902 |
| Expenses | $106,444 | $103,265 | $99,001 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $37,053 | $4,070 | $11,704 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Illinois College of Law ($48,000), University of Illinois School of Music ($48,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF ILLINOIS COLLEGE OF LAW CHAMPAIGN, IL | SCHOLARSHIPS OF $2500/YEAR FOR LAW STUDENTS | $48,000 |
| UNIVERSITY OF ILLINOIS SCHOOL OF MUSIC URBANA, IL | SCHOLARSHIPS OF $2,500/YEAR FOR STUDENTS STUDYING MUSIC | $48,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Verna Townsend Trust Dated 7871 1020000374?
Verna Townsend Trust Dated 7871 1020000374 is a nonprofit organization focused on Education, based in CHAMPAIGN, IL. It holds $1.8M in total assets as of 2024.
How large is Verna Townsend Trust Dated 7871 1020000374?
As of 2024, Verna Townsend Trust Dated 7871 1020000374 holds $1.8M in total assets with $149K in annual revenue. It awarded 2 grants totaling $96K in 2024.
Where does Verna Townsend Trust Dated 7871 1020000374 operate?
Verna Townsend Trust Dated 7871 1020000374 has awarded grants in Illinois.
What size grants does Verna Townsend Trust Dated 7871 1020000374 award?
In 2024, Verna Townsend Trust Dated 7871 1020000374 awarded 2 grants totaling $96K — an average of about $48K per grant, based on its IRS Form 990 filings.
What is Verna Townsend Trust Dated 7871 1020000374's EIN?
Verna Townsend Trust Dated 7871 1020000374's EIN (Employer Identification Number) is 37-6107738. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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