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Founders Scholarship Fund Inc. is a private corporation based in NORFOLK, VA. The foundation received its IRS ruling in 2012. It holds total assets of $110K. Annual income is reported at $5K. Total assets have decreased from $177K in 2012 to $139K in 2023. The foundation is governed by 2 officers and trustees. Scholarship - financial assistance for post-secondary education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Founders Scholarship Fund Inc. has made 5 grants totaling $85K, with a median grant of $19K. Annual giving has grown from $25K in 2021 to $60K in 2022. Individual grants have ranged from $11K to $25K, with an average award of $17K. The foundation has supported 2 unique organizations. Grants have been distributed to organizations in Virginia and Hawaii. Contributions to this foundation are tax-deductible.
Scholarship - financial assistance for post-secondary education
Expenses: $1K
Scholarship - financial assistance for post-secondary education. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in VA, HI.
Founders Scholarship Fund Inc. has distributed a total of $85K across 5 grants. The median grant size is $19K, with an average of $17K. Individual grants have ranged from $11K to $25K.
Founders Scholarship Fund Inc. typically selects its grantees rather than accepting unsolicited proposals.
Founders Scholarship Fund Inc. is headquartered in NORFOLK, VA. While based in VA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Cecil L Achord | DIRECTOR | $0 | $0 | N/A |
| Gregory S Lee | EXECUTIVE DIRECTOR | $0 | $0 | N/A |
Total Giving
$35K
Total Assets
$139K
Fair Market Value
$139K
Net Worth
$139K
Grants Paid
$34K
Contributions
$15K
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
5
Total Giving
$85K
Average Grant
$17K
Median Grant
$19K
Unique Recipients
2
Most Common Grant
$11K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mikahlynn PageSCHOLARSHIP - FINANCIAL ASSISTANCE FOR POST-SECONDARY EDUCATION AT JAMES MADISON UNIVERSITY | Appomattox, VA | $19K | 2022 |
| Meta BradleySCHOLARSHIP - FINANCIAL ASSISTANCE FOR POST-SECONDARY EDUCATION AT UNIVERSITY OF HAWAII AT MANOA | Kapolei, HI | $11K | 2022 |