Illinois · Private foundation
McClain Scholarship Trust Prospect Bank
Its FY2025 filing reports that it accepted unsolicited grant applications.
- $130k
- Granted FY2025(still arriving)
- 35
- Grants FY2025
- 31
- Organizations funded FY2024
- 45%
- First-time grantees FY2024
- Median grant, FY2025
- $4,000
- Largest grant, FY2025
- $8,000
- Organizations funded a year
- 28 to 35
- FY2017 to FY2024
- States reached, FY2025
- 4
- Total assets, FY2025
- $2.4M
- Applications
- Takes unsolicited applications
- Per its most recent filing; check its own site
How open it is to new grantees
In FY2024, 45% of the organizations McClain Scholarship Trust Prospect Bank funded were first-time grantees, receiving 44% of its grant dollars.
New vs renewed · share of each year
In FY2024, 56% of grant dollars renewed an existing relationship; $48k went to new ones.
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2025still arriving | 35 | $130k | 46% |
| FY2024 | 31 | $108k | 45% |
| FY2023 | 35 | $161k | 51% |
| FY2022 | 34 | $147k | 35% |
| FY2021 | 33 | $160k | 55% |
| FY2020 | 28 | $140k | 64% |
| FY2019 | 30 | $158k | 83% |
| FY2017 | 32 | $147k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2025.
Where its grants go
Grant dollars by states, across the years we hold.
Which US states its grants reach
Top grantees
Largest recipients by total granted, FY2017 to FY2025, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Farmers & Merchants Bank of Bryant-Ind | $9,600 | 2 | n/a |
Plus 152 recipients with no EIN on record ($1.1M), not named here.
Compare McClain Scholarship Trust Prospect Bank with peer funders
About McClain Scholarship Trust Prospect Bank
- How much does McClain Scholarship Trust Prospect Bank give?
- McClain Scholarship Trust Prospect Bank reported 35 grants totaling $129,845 in its FY2025 IRS filing. It funded between 28 and 35 organizations a year over FY2017 to FY2024.
- What does McClain Scholarship Trust Prospect Bank fund?
- By grant dollars over FY2017 to FY2025, its largest causes are Education (99%).
- Who are McClain Scholarship Trust Prospect Bank's largest grantees?
- By total granted over FY2017 to FY2025: Farmers & Merchants Bank of Bryant-Ind ($10k).
- Does McClain Scholarship Trust Prospect Bank fund new organizations?
- In FY2024, 45% of the organizations it funded were first-time grantees.
- Does McClain Scholarship Trust Prospect Bank accept unsolicited applications?
- Its most recent filing reports that it accepts unsolicited grant applications.
- Where is McClain Scholarship Trust Prospect Bank based?
- McClain Scholarship Trust Prospect Bank is based in IL.
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