Walter Stephenson Scholarship Trust
Walter Stephenson Scholarship Trust is a private foundation, based in Goodland, KS. IRS filing data is available from 2019 through 2023. In 2023, it awarded 4 grants totaling $43K. Net investment income was $2K.
Walter Stephenson Scholarship Trust at a glance
In short: Walter Stephenson Scholarship Trust gave $43K across 4 grants in 2023 (avg $11K), mostly in Kansas. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $42,928
- +1461.0% vs 2022
- Grants made (2023)
- 4
- -20.0% vs 2022
- Average grant
- $10,732
- +1851.3% vs 2022
- Median grant
- $500
- Primary geography
- Kansas (98% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Walter Stephenson Scholarship Trust funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2023
The largest 2023 recipient was St Francis School District 297 ($41K). Together the top 4 received $43K.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 19 grants of 19 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 4 itemized grants.
Cities
How Walter Stephenson Scholarship Trust gives
- Giving grew 1433% from 2020 to 2023. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). 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 2019 to 2023, annual grant giving ranged from $3K (2022) to $43K (2023). In 2023 it made 4 grants totaling $43K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Francis School District 297 Saint Francis, KS | Education | $41,428 |
| Creighton University Omaha, NE | Education | $500 |
| Front Range Community College Westminster, CO | Education | $500 |
| University of Kansas Lawrence, KS | Education | $500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $-2,786 | $46,641 | $42,928 | 4 | $42,928 | $1,632 | $1,670 |
| 2022 | $49,927 | $2,421 | $4,208 | $2,750 | 5 | $2,750 | $2,421 | $2,416 |
| 2021 | $51,714 | $2,350 | $4,330 | $2,800 | 3 | $2,800 | $2,350 | $2,731 |
| 2020 | $53,652 | $2,597 | $4,328 | $2,800 | 4 | — | $2,597 | $2,778 |
| 2019 | $55,329 | $2,043 | $4,416 | $2,900 | 3 | — | $2,043 | $2,864 |
Under IRS private-foundation payout rules, Walter Stephenson Scholarship Trust reported a distributable amount of $2K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Walter Stephenson Scholarship Trust's only listed officer is FNB Bank, Trustee on every filing since 2019 (compensated).
Officers on the 2023 filing
FNB Bank
Trustee
On filings since 2019
1 hr/week
$833 (2019) → $1K (2023)
Data from IRS Form 990 filings, 2019–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $1K, to FNB Bank (Trustee).
Frequently asked questions about Walter Stephenson Scholarship Trust
How much does Walter Stephenson Scholarship Trust give each year?
Walter Stephenson Scholarship Trust gave $43K across 4 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $3K across 5 grants.
What is Walter Stephenson Scholarship Trust's typical grant size?
Walter Stephenson Scholarship Trust's median grant in 2023 was $500, and its average grant was $10,732, across 4 grants on its 2023 IRS Form 990-PF.
Where does Walter Stephenson Scholarship Trust give grants?
Walter Stephenson Scholarship Trust gives mostly in Kansas: 98% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there.
Does Walter Stephenson Scholarship Trust give general operating support?
Not in 2023: none of the 4 grants with a stated purpose on Walter Stephenson Scholarship Trust's 2023 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (4 grants).
How much is Walter Stephenson Scholarship Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Walter Stephenson Scholarship Trust reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Walter Stephenson Scholarship Trust's EIN?
Walter Stephenson Scholarship Trust's EIN (Employer Identification Number) is 48-6256701. IRS Form 990 filing data is available on this page for 2019–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 9, 2020)
- IRS filings on file for fiscal years 2020–2023
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