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Grace S. Davis Scholarship Trust

Profile

Last Updated: 2016-07-22

At A Glance

Grace S. Davis Scholarship Trust

4086 E. 1550 St.

McNabb, IL United States 61335-5044

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2015-06-30)

Assets: $965,213

Total giving: $16,450

EIN

342010402

BRIDGE Number

0006315226

Background

Established in IL - Grace S. Davis was born and raise on a farm near Magnolia, IL. She attended the University of Michigan, and became a Latin teacher in the Chicago Public School system. At her death in 1947, her Will stated that her assets were to be placed in trust, and that the income from this trust be used primarily for college scholarships for students residing in Hope and Magnolia Townships, IL.

Purpose and Activities

Scholarship awards to graduating students who are resident of Magnolia Township, Putnam County or Hope Township, LaSalle County, IL for the past 10 years and be of good moral character.

Financial Data

Year ended 2015-06-30

Assets: $965,213 (market value)

Expenditures: $19,066

Total giving: $16,450

Qualifying distributions: $19,066