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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.8M
-6.4% YoY
Annual Giving
$155K
+1.8% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$31K
+1.8% YoY
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.
About Wem Scholarship Inc
Based on IRS filings
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.
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 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,821,397 | $3,015,650 | $3,404,832 |
| Revenue | $152,293 | $-175,353 | $39,458 |
| Expenses | $347,806 | $211,386 | $274,516 |
| Qualifying Distributions | $154,531 | $151,765 | $198,223 |
| Net Investment Income | — | — | — |
| Distributable Amount | $152,528 | $150,407 | $172,255 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ouachita Baptist University ($40,000), Meharry Medical College ($40,000), Berry College ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| OUACHITA BAPTIST UNIVERSITY ARKADELPHIA, AR | SCHOLARSHIP | $40,000 |
| BERRY COLLEGE MOUNT BERRY, CA | SCHOLARSHP | $30,000 |
| MEHARRY MEDICAL COLLEGE NASHVILLE, TN | SCHOLARSHIP | $40,000 |
| UNIVERSITY OF NORTH ALABAMA FLORENCE, AL | SCHOLARSHIP | $30,000 |
| COLLINWOOD HIGH SCHOOL COLLIN WOOD, TN | SCHOLARSHIP | $14,531 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID GARRISON | DIRECTOR | 15 | $44,000 |
| SONIA GARRISON | TREASURER | 10 | $20,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Wem Scholarship Inc?
As of 2024, Wem Scholarship Inc holds $2.8M in total assets with $152K in annual revenue. It awarded 5 grants totaling $155K in 2024.
Where does Wem Scholarship Inc operate?
Wem Scholarship Inc has awarded grants in Alabama, Arkansas, California, Tennessee.
What size grants does Wem Scholarship Inc award?
In 2024, Wem Scholarship Inc awarded 5 grants totaling $155K — an average of about $31K per grant, based on its IRS Form 990 filings.
How much is Wem Scholarship Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wem Scholarship Inc reported a distributable amount of $153K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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