Nettie Millhollon Educational Trust

EIN 756024639

Midland, TX 79701 |(432) 756-2261

Total Given 2018–2024
$8.2M
8 grants · $1.2M avg/year
based on 7 yrs of IRS 990-PF records on file
$1M+/yr
mid-tier
capacity
$528K
typical big bets · $183K–$2.0M
grant size
40%
supporter · 2/5 multi-year
repeat
$37.0M
Assets (2024)
5
Distinct Recipients

Focus Areas

Education

Application Information

Accepts Unsolicited Proposals Unknown
Contact Person TRUSTEES
Phone (432) 756-2261
Deadlines JULY 1 FOR THE FALL SEMESTER. JANUARY 2 FOR THE SPRING SEMESTER. NO FUNDS FOR SUMMER OR GRAD SCHOOL
How to Apply APPLICATION FORM AVAILABLE FROM THE TRUSTEES AT THE OFFICE IN STANTON, TEXAS. FORM WILL LIST INFORMATION NEEDED FROM APPLICANT. THE CRITERIA FOR APPROVAL OF THE LOAN APPLICATION ARE (1) FINANCIAL NEED, INCLUDING THE PRESENCE OF FINANCIAL ASSISTANCE FROM OTHER SOURCES, (2) GOOD CHARACTER, AND (3) EVIDENCE OF ABILITY AND DESIRE TO LEARN AND FURTHER ONE'S EDUCATION. NOT ALL APPLICANTS WILL BE APPROVED.
Restrictions THE EXEMPT PURPOSE OF THIS EDUCATIONAL TRUST IS TO MAKE STUDENT LOANS TO DESERVING APPLICANTS, BASED PRIMARILY ON FINANCIAL NEED, TO ASSIST THEM IN CONTINUING THEIR EDUCATION. THE PROCEEDS OF THESE LOANS ARE TO BE USED SOLELY FOR PAYMENT OF TUITION AND REQUIRED FEES, ROOM AND BOARD AND SIMILAR LIVING EXPENSES AND FOR INSTITUTIONAL EQUIPMENT, MATERIAL AND BOOKS. APPLICANT MUST BE A LEGAL TEXAS RESIDENT, UNDER AGE 25, PLANNING TO ENROLL IN A TEXAS ACCREDITED INSTITUTION OF HIGHER LEARNING FOR THE ENSUING TERM WITH A MINIMUM OF 12 SEMESTER HOURS. A MINIMUM GPA OF 2.5 AND REGISTRATION FOR 12 SEMESTER HOURS WILL BE REQUIRED TO REMAIN ELIGIBLE FOR THE LOAN EACH SEMESTER. THE RECIPIENT OF THE LOAN WILL BE UNDER A MORAL AND LEGAL OBLIGATION TO REPAY THE LOAN AFTER GRADUATING FROM THE EDUCATIONAL INSTITUTION, COMPLETING HIS OR HER EDUCATION, OR UPON OBTAINING EMPLOYMENT. NO SECURITY IS REQUIRED TO OBTAIN A STUDENT LOAN. THE STUDENT LOAN WILL BEAR THREE TO EIGHT PERCENT (3% TO 8%) INTEREST

Financial Trends

Giving Over Time

Total Assets Over Time

View financial data as table
YearTotal GivingTotal AssetsRevenueGrants
2017 N/A $9.5M $2.0M N/A
2018 $250K $10.3M $1.2M 1
2019 $150K $11.6M $1.7M 1
2020 N/A $14.6M $3.9M N/A
2021 $2.0M $19.8M $7.1M 1
2022 $2.0M $25.7M $8.5M 1
2023 $2.8M $31.0M $8.9M 1
2024 $1.0M $37.0M $7.4M 3

Grant Size Distribution

Based on 8 grants on record

Minimum
$10K
25th Pctl
$183K
Median
$528K
Average
$1.0M
75th Pctl
$2.0M
Maximum
$2.8M

Geographic Distribution

Texas Counties Served

100.0% of US grants · Rank #1 of 1 states $8.2M across 8 grants 2 of 254 counties

Top 2 counties

  1. 1 Midland 5 grants · $7.2M
  2. 2 Martin 3 grants · $1.0M

Officers & Directors

Grants Awarded (8 total)

Purpose
Permian Basin Area Foundation Midland, TX $2,797,189 NETTIE MILLHOLLON SCHOLARSHIP FUND, STANTON ISD, GRADY ISD 2023
Permian Basin Area Foundation Midland, TX $2,006,622 NETTIE MILLHOLLON SCHOLARSHIP FUND, STANTON ISD, GRADY ISD 2022
Permian Basin Area Foundation Midland, TX $2,000,000 NETTIE MILLHOLLON SCHOLARSHIP FUND, STANTON ISD, GRADY ISD 2021
Stanton Isd Education Foundation Stanton, TX $806,400 OPERATING FUNDS 2024
Permian Basin Area Foundation Midland, TX $250,000 NETTIE MILLHOLLON SCHOLARSHIP FUND, STANTON ISD, GRADY ISD 2018
Grady Isd Education Foundation Lenorah, TX $193,600 OPERATING FUNDS 2024
Permian Basin Area Foundation Midland, TX $150,000 NETTIE MILLHOLLON SCHOLARSHIP FUND, STANTON ISD, GRADY ISD 2019
Evergreen Cemetery Stanton, TX $10,000 OPERATING FUNDS 2024