Victor and Lois Malcom Scholarship Trust
Victor and Lois Malcom Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORMAL, IL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $391K in total assets. In 2024, it awarded 1 grants totaling $48K. Net investment income was $11K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$391K
-11.4% YoY
Annual Giving
$48K
+500.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$48K
+500.0% YoY
Under IRS private-foundation payout rules, Victor and Lois Malcom Scholarship Trust reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.
About Victor and Lois Malcom Scholarship Trust
Based on IRS filings
Victor and Lois Malcom Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORMAL, IL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $391K in total assets. In 2024, it awarded 1 grants totaling $48K. Net investment income was $11K.
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 | $390,889 | $441,309 | $406,999 |
| Revenue | $12,142 | $45,879 | $19,178 |
| Expenses | $62,562 | $11,569 | $11,513 |
| Qualifying Distributions | $50,005 | $9,707 | $11,513 |
| Net Investment Income | $11,477 | $44,187 | $12,219 |
| Distributable Amount | $19,923 | $19,348 | $19,828 |
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
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Kiwanis Club of El Paso Foundation ($48,000).
| Recipient | Purpose | Amount |
|---|---|---|
| KIWANIS CLUB OF EL PASO FOUNDATION EL PASO, IL | TO PAY OUT SCHOLARSHIPS | $48,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HEARTLAND BANK TRUST CO | TRUSTEE | 0.5 | $3,329 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Victor and Lois Malcom Scholarship Trust?
Victor and Lois Malcom Scholarship Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORMAL, IL. It holds $391K in total assets as of 2024.
How large is Victor and Lois Malcom Scholarship Trust?
As of 2024, Victor and Lois Malcom Scholarship Trust holds $391K in total assets with $12K in annual revenue. It awarded 1 grants totaling $48K in 2024.
Where does Victor and Lois Malcom Scholarship Trust operate?
Victor and Lois Malcom Scholarship Trust has awarded grants in Illinois.
What size grants does Victor and Lois Malcom Scholarship Trust award?
In 2024, Victor and Lois Malcom Scholarship Trust awarded 1 grants totaling $48K — an average of about $48K per grant, based on its IRS Form 990 filings.
How much is Victor and Lois Malcom Scholarship Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Victor and Lois Malcom Scholarship Trust reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Victor and Lois Malcom Scholarship Trust's EIN?
Victor and Lois Malcom Scholarship Trust's EIN (Employer Identification Number) is 04-7021597. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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