Willmarth and Marion Paine Scholarship

TOLEDO, OH EIN: 34-1365829

Willmarth and Marion Paine Scholarship 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.

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 reported a distributable amount of $43K for 2024 — the minimum it must pay out in qualifying distributions.

About Willmarth and Marion Paine Scholarship

Based on IRS filings

Willmarth and Marion Paine Scholarship 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.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Cities

Ann ArborClevelandColumbusDowners GroveFort LauderdaleLimaPerrysburg

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$15K$31K$46K$61K201920202021202220232024
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

Giving Over Time

Total grant dollars and number of grants per year

$0$11K$22K$32K$43K4 grants20193 grants20202 grants20215 grants20224 grants20235 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Ohio State University Sc…$28KUniversity of Michigan S…$4KNova Southeastern Univer…$2KMidwestern University Il…$2KOwens Community College$1K

Grant Size Distribution

19 grants across all recorded years

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

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Ohio State University Sch of Dentis ($28,000), University of Michigan Sch of Denti ($4,000), Nova Southeastern University ($2,000).

RecipientPurposeAmount
Ohio State University Sch of Dentis Columbus, OHScholarships$28,000
Owens Community College Perrysburg, OHScholarships$1,000
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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
Abbey RileySecty-Treas0.5
Nadeem KhanChair; Trustee0.1
Nancy HartzellTrustee0.1
Tracy Poole-SwerleinTrustee0.1
Michael KastnerTrustee0.1
Brett PelokTrustee0.1
James ElchingerTrustee0.11
Shannon LindsayTrustee0.1
Bethany TaylorTrustee0.1

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Willmarth and Marion Paine Scholarship?

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

How large is Willmarth and Marion Paine Scholarship?

As of 2024, Willmarth and Marion Paine Scholarship holds $539K in total assets with $45K in annual revenue. It awarded 5 grants totaling $37K in 2024.

Where does Willmarth and Marion Paine Scholarship operate?

Willmarth and Marion Paine Scholarship has awarded grants in Florida, Illinois, Michigan, Ohio.

What size grants does Willmarth and Marion Paine Scholarship award?

In 2024, Willmarth and Marion Paine Scholarship awarded 5 grants totaling $37K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is Willmarth and Marion Paine Scholarship required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Willmarth and Marion Paine Scholarship reported a distributable amount of $43K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Willmarth and Marion Paine Scholarship's EIN?

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

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

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