Private Foundation · IL · Private Independent Foundations
Grace S Davis Scholarship Trust
Magnolia, IL · EIN 342010402 · Website (ProPublica) ↗ · 990s on ProPublica ↗
Assets
$1.3M
Total Giving
$53K
Grants on File
13
Average Grant
$4K
Giving Radius
Where Grace S Davis Scholarship Trust Has Given
Section I
How to Apply
Eligible students should write to the Trustee expressing interest in receiving a scholarship grant. They should include a current transcript of their college scholastic record. Upon review of the transcript, the student will have to write a letter each semester expressing interest in receiving the scholarship along with their grades for the past semester.
On Unsolicited Proposals yes
Restrictions
Students must maintain full time status, have good scholastic ability, good moral character, and must live or have lived in Magnolia or Hope Township for ten years.
Section IV
Recent Grants
| Recipient | Amount | Year |
|---|---|---|
| McNabb, IL | $3K | 2023 |
| McNabb, IL | $4K | 2023 |
| Granville, IL | $3K | 2023 |
| Lostant, IL | $4K | 2023 |
| McNabb, IL | $4K | 2023 |
| Lostant, IL | $3K | 2023 |
| McNabb, IL | $4K | 2023 |
| Lostant, IL | $6K | 2023 |
| Lostant, IL | $4K | 2023 |
| McNabb, IL | $6K | 2023 |
| McNabb, IL | $3K | 2023 |
| Lostant, IL | $6K | 2023 |
| Magnolia, IL | $4K | 2023 |
13 grants total
Section VI
Filing History
Year-by-year financial summary from IRS 990-PF filings. Total assets and qualifying distributions show the foundation's growth and giving trajectory.
| Year | Total Assets | Qualifying Distributions | Total Revenue | Total Expenses |
|---|---|---|---|---|
| 2024 | $1.3M | $60K | $40K | $60K |
| 2023 | $1.2M | $59K | $35K | $58K |
| 2022 | $1.2M | $61K | $29K | $37K |
| 2021 | $1.3M | $57K | $27K | $28K |
| 2020 | $1.0M | — | $30K | $30K |
| 2016 | $1.0M | — | $22K | $20K |
| 2015 | $965K | — | $20K | $19K |
| 2014 | $963K | — | $19K | $21K |
| 2013 | $872K | — | $21K | $20K |
| 2012 | $799K | — | $20K | $20K |
Section VII
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