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Beard Scholarship Fund is a private trust based in PENNINGTON, NJ. The foundation received its IRS ruling in 2021. The principal officer is Bank Of America Ttee. It holds total assets of $58.3M. Annual income is reported at $32.9M. Total assets have grown from $45.6M in 2019 to $57.9M in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. The foundation primarily funds organizations in Illinois and Texas. According to available records, Beard Scholarship Fund has made 4 grants totaling $1.9M, with a median grant of $488K. Individual grants have ranged from $195K to $780K, with an average award of $488K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Illinois and Texas. Contributions to this foundation are tax-deductible.
Smallest Grant
$180K
Median Grant
$449K
Average Grant
$449K
Largest Grant
$719K
Based on 4 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Beard Scholarship Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in IL, TX.
Beard Scholarship Fund has distributed a total of $1.9M across 4 grants. The median grant size is $488K, with an average of $488K. Individual grants have ranged from $195K to $780K.
Beard Scholarship Fund typically selects its grantees rather than accepting unsolicited proposals.
Beard Scholarship Fund is headquartered in PENNINGTON, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America N A | TRUSTEE | $558K | $0 | $558K |
Total Giving
$3.2M
Total Assets
$57.9M
Fair Market Value
$69.4M
Net Worth
$57.9M
Grants Paid
$2.5M
Contributions
$235
Net Investment Income
$3.3M
Distribution Amount
$3.1M
Total: $46.6M
Total Grants
4
Total Giving
$1.9M
Average Grant
$488K
Median Grant
$488K
Unique Recipients
4
Most Common Grant
$780K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Bradley UniversitySCHOLARSHIP | Peoria, IL | $780K | 2022 |
| Northwestern UniversitySCHOLARSHIP | Evanston, IL | $780K | 2022 |
| Texas Lutheran UniversitySCHOLARSHIP | Seguin, TX | $195K | 2022 |
| Peoria Hs Alumni AssociationSCHOLARSHIP | Peoria, IL | $195K | 2022 |