Wem Scholarship Inc
Wem Scholarship Inc is a private foundation focused on Education, based in Larkspur, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 5 grants totaling $155K.
Wem Scholarship Inc at a glance
In short: Wem Scholarship Inc gave $155K across 5 grants in 2024 (avg $31K), top state Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $154,531
- +1.8% vs 2023
- Grants made (2024)
- 5
- +0.0% vs 2023
- Average grant
- $30,906
- +1.8% vs 2023
- Median grant
- $30,000
- Total assets
- $2,821,397
- -6.4% vs 2023
- Primary geography
- Tennessee (35% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Wem Scholarship Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Ouachita Baptist University ($40K). Together the top 5 received $155K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 16 grants of 20 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Wem Scholarship Inc gives
- Giving held roughly steady from 2021 to 2024 (−20%). Method
- In 2024 it paid out 101% of 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 2021 to 2024, annual grant giving ranged from $152K (2023) to $198K (2022). In 2024 it made 5 grants totaling $155K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ouachita Baptist University Arkadelphia, AR | Scholarship | $40,000 |
| Meharry Medical College Nashville, TN | Scholarship | $40,000 |
| Berry College Mount Berry, CA | Scholarshp | $30,000 |
| University of North Alabama Florence, AL | Scholarship | $30,000 |
| Collinwood High School Collin Wood, TN | Scholarship | $14,531 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $2,821,397 | $152,293 | $347,806 | $154,531 | 5 | $154,531 | $152,528 |
| 2023 | $3,015,650 | $-175,353 | $211,386 | $151,765 | 5 | $151,765 | $150,407 |
| 2022 | $3,404,832 | $39,458 | $274,516 | $198,223 | 5 | $198,223 | $172,255 |
| 2021 | $3,639,890 | $528,647 | $284,642 | $192,976 | 5 | $192,976 | $192,463 |
| 2020 | $3,393,284 | $3,467,363 | $74,079 | — | — | — | $94,952 |
Under IRS private-foundation payout rules, Wem Scholarship Inc reported a distributable amount of $153K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Wem Scholarship Inc's 2024 filing lists 2 officers; all 2 officers listed in 2024 are compensated.
Officers on the 2024 filing
David Garrison
Director
On filings since 2020
15 hrs/week
$48K (2020) → $44K (2024)
Sonia Garrison
Treasurer
On filings since 2020
10 hrs/week
$20K (2020) → $20K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $44K, to David Garrison (Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Wem Scholarship Inc
How much does Wem Scholarship Inc give each year?
Wem Scholarship Inc gave $155K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $152K across 5 grants.
What is Wem Scholarship Inc's typical grant size?
Wem Scholarship Inc's median grant in 2024 was $30,000, and its average grant was $30,906, across 5 grants on its 2024 IRS Form 990-PF.
Where does Wem Scholarship Inc give grants?
Wem Scholarship Inc's top state is Tennessee, with 35% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Arkansas (26%) and California (19%).
Does Wem Scholarship Inc give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Wem Scholarship Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (4 grants).
Who are Wem Scholarship Inc's largest grantees?
Wem Scholarship Inc's largest 2024 grantees include Ouachita Baptist University ($40,000), Meharry Medical College ($40,000) and Berry College ($30,000), according to its 2024 IRS Form 990-PF. Together they received 71% of its itemized 2024 grant dollars.
How large is Wem Scholarship Inc?
Wem Scholarship Inc reported $2.8M in total assets on its 2024 IRS Form 990-PF. It paid out $155K in qualifying distributions that year, against a required minimum of $153K (roughly 5% of its investment assets).
What is Wem Scholarship Inc?
Wem Scholarship Inc is a private foundation focused on Education, based in Larkspur, CO. It holds $2.8M in total assets as of 2024.
What is Wem Scholarship Inc's EIN?
Wem Scholarship Inc's EIN (Employer Identification Number) is 84-3929667. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Wem Scholarship Inc funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Wem Scholarship Inc's focus areas in our free grants database
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