W D & Shirley Schafer-Ray Educational Trust
W D & Shirley Schafer-Ray Educational Trust is a private foundation focused on Education, based in CRESTON, IA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $5.6M in total assets. In 2024, it awarded 28 grants totaling $289K. Net investment income was $113K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.6M
Annual Giving
$289K
Grant Count
28
Avg Grant Size
$10K
Under IRS private-foundation payout rules, W D & Shirley Schafer-Ray Educational Trust reported a distributable amount of $306K for 2024 — the minimum it must pay out in qualifying distributions.
About W D & Shirley Schafer-Ray Educational Trust
Based on IRS filings
W D & Shirley Schafer-Ray Educational Trust is a private foundation focused on Education, based in CRESTON, IA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $5.6M in total assets. In 2024, it awarded 28 grants totaling $289K. Net investment income was $113K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $5,632,898 | $6,364,259 | $6,365,368 |
| Revenue | $182,803 | $163,289 | $6,642,068 |
| Expenses | $373,507 | $277,700 | $55,435 |
| Qualifying Distributions | $334,067 | $178,000 | $2,514 |
| Net Investment Income | $112,952 | $125,182 | $397,963 |
| Distributable Amount | $306,106 | $281,133 | $169,627 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Southwestern Community College ($115,400), Iowa State University ($38,000), University of Memphis ($28,600).
| Recipient | Purpose | Amount |
|---|---|---|
| University of Memphis Memphis, TN | Education of the learning disabled | $28,600 |
| Southwestern Community College Creston, IA | Scholarship | $115,400 |
| Iowa State University Ames, IA | Scholarship | $38,000 |
| South Dakota State University Brookings, SD | Scholarship | $6,000 |
| University of Iowa Iowa City, IA | Scholarship | $13,000 |
| University of Northern Iowa Cedar Falls, IA | Scholarship | $9,000 |
| Graceland University Lamoni, IA | Scholarship | $4,000 |
| Columbia College Dubuque, IA | Scholarship | $5,000 |
| Simpson College Indianola, IA | Scholarship | $3,000 |
| Northwest Missouri State University Maryville, MO | Scholarship | $9,000 |
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 W D & Shirley Schafer-Ray Educational Trust?
W D & Shirley Schafer-Ray Educational Trust is a private foundation focused on Education, based in CRESTON, IA. It holds $5.6M in total assets as of 2024.
How large is W D & Shirley Schafer-Ray Educational Trust?
As of 2024, W D & Shirley Schafer-Ray Educational Trust holds $5.6M in total assets with $183K in annual revenue. It awarded 28 grants totaling $289K in 2024.
Where does W D & Shirley Schafer-Ray Educational Trust operate?
W D & Shirley Schafer-Ray Educational Trust has awarded grants in Iowa, Idaho, Illinois, Kansas, Missouri, Nebraska, Oklahoma, Pennsylvania, Rhode Island, South Dakota, Tennessee.
What size grants does W D & Shirley Schafer-Ray Educational Trust award?
In 2024, W D & Shirley Schafer-Ray Educational Trust awarded 28 grants totaling $289K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is W D & Shirley Schafer-Ray Educational Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, W D & Shirley Schafer-Ray Educational Trust reported a distributable amount of $306K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is W D & Shirley Schafer-Ray Educational Trust's EIN?
W D & Shirley Schafer-Ray Educational Trust's EIN (Employer Identification Number) is 86-6589915. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.