Willmarth and Marion Paine Scholarship Fund

Private foundation · Grantmaker Toledo, OH EIN: 34-1365829

Willmarth and Marion Paine Scholarship Fund is a private foundation focused on Education, based in Toledo, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $539K in total assets. In 2024, it awarded 5 grants totaling $37K. Net investment income was $37K.

Key facts about Willmarth and Marion Paine Scholarship Fund

In short: Willmarth and Marion Paine Scholarship Fund gave $37K across 5 grants in 2024 (avg $7K), mostly in Ohio. Source: 2024 IRS Form 990-PF.

EIN
34-1365829
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$37,000
Grants made (2024)
5
Average grant
$7,400
Median grant
$2,000
Total assets
$539,203
Primary geography
Ohio (78% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$539K

-0.6% YoY

Annual Giving

$37K

-7.5% YoY

Grant Count

5

+25.0% YoY

Avg Grant Size

$7K

-26.0% YoY

Under IRS private-foundation payout rules, Willmarth and Marion Paine Scholarship Fund reported a distributable amount of $43K for 2024 — the minimum it must pay out in qualifying distributions.

How Willmarth and Marion Paine Scholarship Fund gives

  • Giving held roughly steady from 2021 to 2024 (−11%). Method
  • In 2024 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2024 grant dollars across all 5 itemized grants.

Cities

ColumbusPerrysburgAnn ArborClevelandDowners GroveFort LauderdaleLima

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K4 grants2019 3 grants2020 2 grants2021 5 grants2022 4 grants2023 5 grants2024

From 2019 to 2024, annual grant giving ranged from $32K (2019) to $43K (2022). In 2024 it made 5 grants totaling $37K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Ohio State University Sch of Dentis: $28KOhio State University Sch ofDentis$28KUniversity of Michigan Sch of Denti: $4KUniversity of Michigan Sch ofDenti$4KNova Southeastern University: $2KNova Southeastern University$2KMidwestern University Illinois: $2KMidwestern University Illinois$2KOwens Community College: $1KOwens Community College$1K

The largest 2024 recipient was Ohio State University Sch of Dentis ($28K). Together the top 5 received $37K.

Grant Size Distribution

19 grants across all recorded years

19<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 19 grants of 19 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Ohio State University Sch of Dentis Columbus, OHScholarships$28,000
University of Michigan Sch of Denti Ann Arbor, MIScholarships$4,000
Nova Southeastern University Fort Lauderdale, FLScholarships$2,000
Midwestern University Illinois Downers Grove, ILScholarships$2,000
Owens Community College Perrysburg, OHScholarships$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K2019 2020 2021 2022 2023 2024
Metric202420232022
Total Assets$539,203$542,373$559,892
Revenue$44,745$32,716$28,930
Expenses$47,817$50,108$52,784
Qualifying Distributions$39,785$42,692$45,389
Net Investment Income$36,871$25,611$21,715
Distributable Amount$43,369$40,011$41,967

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS July 14, 2020)
  2. IRS filings on file for fiscal years 2019–2024

Leadership & Key People

Officers and directors from IRS filings

Willmarth and Marion Paine Scholarship Fund is led by Nadeem Khan, Chair & Trustee since 2021 (on filings since 2020); none of the 9 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Nadeem Khan

    Chair & Trustee

    Chairman & Trustee → Chair & Trustee, 2021

    On filings since 2020

    0.1 hrs/week

    No compensation reported

  • Brett Pelok

    Trustee

    On filings since 2019

    0.1 hrs/week

    No compensation reported

  • Michael Kastner

    Trustee

    On filings since 2019

    0.1 hrs/week

    No compensation reported

  • Nancy Hartzell

    Trustee

    On filings since 2019

    0.1 hrs/week

    No compensation reported

  • Tracy Poole-Swerlein

    Trustee

    On filings since 2020

    0.1 hrs/week

    No compensation reported

  • Bethany Taylor

    Trustee

    New on the 2024 filing

    0.1 hrs/week

    No compensation reported

  • James Elchinger

    Trustee

    New on the 2024 filing

    0.1 hrs/week

    No compensation reported

  • Shannon Lindsay

    Trustee

    New on the 2024 filing

    0.1 hrs/week

    No compensation reported

  • Abbey Riley

    Secty-Treas

    Trustee & Sec-Treas → Secty-Treas, 2024

    On filings since 2023

    0.5 hrs/week

    No compensation reported

Former officers (4)
  • Former: Andrew Westmeyer (2019–2022) — Trustee
  • Former: Gail Argentine (2019–2022) — Trustee
  • Former: Marianna S Baker (2019–2022) — Trustee
  • Former: Ned Hein (2019) — Trustee & Chrm.

Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Willmarth and Marion Paine Scholarship Fund

How much does Willmarth and Marion Paine Scholarship Fund give each year?

Willmarth and Marion Paine Scholarship Fund gave $37K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $40K across 4 grants.

What is Willmarth and Marion Paine Scholarship Fund's typical grant size?

Willmarth and Marion Paine Scholarship Fund's median grant in 2024 was $2,000, and its average grant was $7,400, across 5 grants on its 2024 IRS Form 990-PF.

Where does Willmarth and Marion Paine Scholarship Fund give grants?

Willmarth and Marion Paine Scholarship Fund gives mostly in Ohio: 78% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Michigan (11%) and Florida (5%).

Does Willmarth and Marion Paine Scholarship Fund give general operating support?

Not in 2024: none of the 5 grants with a stated purpose on Willmarth and Marion Paine Scholarship Fund's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (5 grants).

Who are Willmarth and Marion Paine Scholarship Fund's largest grantees?

Willmarth and Marion Paine Scholarship Fund's largest 2024 grantees include Ohio State University Sch of Dentis ($28,000), University of Michigan Sch of Denti ($4,000) and Nova Southeastern University ($2,000), according to its 2024 IRS Form 990-PF. Together they received 92% of its itemized 2024 grant dollars.

How large is Willmarth and Marion Paine Scholarship Fund?

Willmarth and Marion Paine Scholarship Fund reported $539K in total assets on its 2024 IRS Form 990-PF. It paid out $40K in qualifying distributions that year, against a required minimum of $43K (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.

What is Willmarth and Marion Paine Scholarship Fund?

Willmarth and Marion Paine Scholarship Fund is a private foundation focused on Education, based in Toledo, OH. It holds $539K in total assets as of 2024.

What is Willmarth and Marion Paine Scholarship Fund's EIN?

Willmarth and Marion Paine Scholarship Fund's EIN (Employer Identification Number) is 34-1365829. IRS Form 990 filing data is available on this page for 2019–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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