Virginia J Saxon Scholarship Fund
Virginia J Saxon Scholarship Fund is a private foundation, based in Chicago, IL. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $2.3M in total assets. In 2026, it awarded 1 grant totaling $113K. Net investment income was $265K.
Virginia J Saxon Scholarship Fund at a glance
In short: Virginia J Saxon Scholarship Fund gave $113K across 1 grant in 2026 (avg $113K), mostly in Illinois. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $113,286
- -6.8% vs 2025
- Grants made (2026)
- 1
- +0.0% vs 2025
- Average grant
- $113,286
- -6.8% vs 2025
- Median grant
- $113,286
- Total assets
- $2,291,172
- +6.4% vs 2025
- Primary geography
- Illinois (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Virginia J Saxon Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2026
The largest 2026 recipient was University of St Francis ($113K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2026 grant dollars on its one itemized grant.
States
Cities
How Virginia J Saxon Scholarship Fund gives
- Giving held roughly steady from 2023 to 2026 (−19%). Method
- In 2026 it paid out 92% 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 2021 to 2026, annual grant giving ranged from $93K (2021) to $140K (2023). In 2026 it made 1 grant totaling $113K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of St Francis Joliet, IL | Scholarship | $113,286 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,291,172 | $283,967 | $150,796 | $113,286 | 1 | $130,898 | $265,078 | $141,666 |
| 2025 | $2,152,906 | $139,929 | $159,284 | $121,489 | 1 | $138,060 | $122,944 | $134,314 |
| 2024 | $2,169,552 | $189,876 | $151,251 | $119,723 | 1 | $134,839 | $173,488 | $122,954 |
| 2023 | $2,132,259 | $-874 | $168,478 | $140,182 | 1 | $153,561 | $42,024 | $121,116 |
| 2022 | $2,300,898 | $97,103 | $129,007 | $93,000 | 1 | $107,542 | $82,241 | $140,182 |
| 2021 | $2,332,060 | $282,163 | $121,736 | $93,000 | 1 | — | $268,213 | $133,298 |
Under IRS private-foundation payout rules, Virginia J Saxon Scholarship Fund reported a distributable amount of $142K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Virginia J Saxon Scholarship Fund's only listed officer is BMO Bank N A, Trustee on every filing since 2024 (compensated).
Officers on the 2026 filing
BMO Bank N A
Trustee
On filings since 2024
2 hrs/week
$30K (2024) → $35K (2026)
Former officers (1)
- Former: BMO Harris Bank N A (2021–2023) — Trustee
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $35K, to BMO Bank N a (Trustee).
Frequently asked questions about Virginia J Saxon Scholarship Fund
How much does Virginia J Saxon Scholarship Fund give each year?
Virginia J Saxon Scholarship Fund gave $113K across 1 grant in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $121K across 1 grant.
How large is Virginia J Saxon Scholarship Fund?
Virginia J Saxon Scholarship Fund reported $2.3M in total assets on its 2026 IRS Form 990-PF. It paid out $131K in qualifying distributions that year, against a required minimum of $142K (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.
Where does Virginia J Saxon Scholarship Fund operate?
Virginia J Saxon Scholarship Fund has awarded grants in Illinois.
What is Virginia J Saxon Scholarship Fund's EIN?
Virginia J Saxon Scholarship Fund's EIN (Employer Identification Number) is 36-7467799. IRS Form 990 filing data is available on this page for 2021–2026.
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 2021 (received by the IRS October 5, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 25, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS July 12, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 1, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS July 24, 2025)
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 15, 2026)
- IRS filings on file for fiscal years 2021–2025
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