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Heartfelt Scholarship Foundation Inc. is a private corporation based in MONTROSE, CO. The foundation received its IRS ruling in 2014. It holds total assets of $14K. Annual income is reported at $15K. The foundation is governed by 5 officers and trustees. The foundation operates in the area of education. Tax records are available from 2016 to 2023. Funding is distributed across 7 states, including Colorado, Wisconsin, South Carolina. According to available records, Heartfelt Scholarship Foundation Inc. has made 29 grants totaling $113K, with a median grant of $3K. The foundation has distributed between $26K and $59K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $59K distributed across 14 grants. Individual grants have ranged from $1K to $11K, with an average award of $4K. The foundation has supported 8 unique organizations. The foundation primarily supports organizations in South Carolina, Iowa, Wisconsin, which account for 41% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$3K
Average Grant
$4K
Largest Grant
$11K
Based on 7 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.
Heartfelt Scholarship Foundation Inc. primarily funds organizations in the area of education. Based on available records, the foundation has funded 29 grants. Its grantmaking reaches organizations primarily in SC, IA, WI.
Heartfelt Scholarship Foundation Inc. has distributed a total of $113K across 29 grants. The median grant size is $3K, with an average of $4K. Individual grants have ranged from $1K to $11K.
The application deadline is Various.
Heartfelt Scholarship Foundation Inc. is headquartered in MONTROSE, CO. While based in CO, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Hagle Summers | CHAIR | $0 | $0 | N/A |
| Jim Welch | Director | $0 | $0 | N/A |
| Rachael Spencer | Director | $0 | $0 | N/A |
| Jeremy Spencer | SECRETARY/TREAS | $0 | $0 | N/A |
| Linda Summers | VICE CHAIR | $0 | $0 | N/A |
Total Giving
$28K
Total Assets
$10K
Fair Market Value
N/A
Net Worth
$10K
Grants Paid
$28K
Contributions
$25K
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
29
Total Giving
$113K
Average Grant
$4K
Median Grant
$3K
Unique Recipients
8
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Maranatha Baptist UniversityScholarship | Watertown, WI | $9K | 2023 |
| West Coast Baptist CollegeScholarship | Lancaster, CA | $5K | 2023 |
| Bob Jones UniversityScholarship | Greenville, SC | $4K | 2023 |
| Faith Baptist Bible CollegeSCHOLARSHIP | Ankeny, IA | $4K | 2023 |
| Pensacola Christian CollageScholarship | Pensacola, FL | $2K | 2023 |
| Victory Baptist ChurchScholarship | Montrose, CO | $2K | 2023 |
| Frontier School Of The BibleScholarship | La Grange, WY | $1K | 2023 |
| Ambassador Baptist CollegeSCHOLARSHIP | Lattimore, NC | $1K | 2023 |