William Preston & Belvah McFadden Scholarship Fund
Accepts applications
William Preston & Belvah McFadden Scholarship Fund is a private foundation in Paola, Kansas. In tax year 2024 it gave $69,500 in 1 grant; the typical grant was $69,500 and the largest $69,500. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$69,500
- Number of grants1
- Typical grant$69,500
- Largest grant$69,500
- Assets$1.4 million
Giving in 2024 was up from $37,000 the year before.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2021 | $60,000 | 1 | $1.2 million |
| 2023 | $37,000 | 1 | $1.4 million |
| 2024 | $69,500 | 1 | $1.4 million |
How to apply
Its grants go to individuals, not organizations. Every grant in its 2024 filing was paid to an individual (for example a scholarship or assistance with costs), so it is not a funding prospect for a nonprofit.
| Contact | Trust Department-First Option Bank PO Box B, Paola, KS 66071 |
|---|---|
| Phone or email | (913) 294-3811 |
| What to submit | See attachment |
| Deadlines | November 1 preceding proposed scholarship year |
| Restrictions | See attachment - "required guidelines for applicant" |
Where it gives
All of its grants went to recipients in Kansas.
| State | Grants | Amount |
|---|---|---|
| Kansas | 1 | $69,500 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Individual | $69,500 |
Officers and trustees
- First Option Bank
Questions people ask
Does William Preston & Belvah McFadden Scholarship Fund accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: November 1 preceding proposed scholarship year.
How much does William Preston & Belvah McFadden Scholarship Fund give?
$69,500 in tax year 2024, across 1 grant, with a typical grant of $69,500.
Who runs William Preston & Belvah McFadden Scholarship Fund?
Its 2024 filing lists First Option Bank (Trustee).