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Scholarship Foundation Inc. is a private corporation based in SHEFFIELD, AL. The foundation received its IRS ruling in 1994. The principal officer is Thomas H Heflin. It holds total assets of $1.5M. Annual income is reported at $23K. Total assets have grown from $557K in 2011 to $1.5M in 2024. Scholarships for ministerial studies at various universities and charitable giving. Tax records are available from 2021 to 2024. The foundation primarily funds organizations in Alabama and Tennessee. According to available records, Scholarship Foundation Inc. has made 22 grants totaling $129K, with a median grant of $3K. The foundation has distributed between $60K and $69K annually from 2021 to 2023. Individual grants have ranged from $1K to $50K, with an average award of $6K. The foundation has supported 17 unique organizations. Grants have been distributed to organizations in Alabama and Tennessee. Contributions to this foundation are tax-deductible.
Scholarships for ministerial studies at various universities and charitable giving
Expenses: $60K
Scholarships for ministerial studies at various universities and charitable giving. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in AL, TN.
Scholarship Foundation Inc. has distributed a total of $129K across 22 grants. The median grant size is $3K, with an average of $6K. Individual grants have ranged from $1K to $50K.
The application deadline is JUNE 30 - BEFORE YEAR END.
Scholarship Foundation Inc. is headquartered in SHEFFIELD, AL. While based in AL, the foundation distributes grants to organizations across 2 states.
Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
N/A
Total Assets
$1.5M
Fair Market Value
N/A
Net Worth
$1.5M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
22
Total Giving
$129K
Average Grant
$6K
Median Grant
$3K
Unique Recipients
17
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of AlabamaUNIVERSITY OF ALABAMA HOWELL HEFLIN FUND | Tuscaloosa, AL | $5K | 2023 |
| National Alumni AssocSCHOLARSHIP RONALD C HOOD1000 | Tuscaloosa, AL | $5K | 2023 |
| Nw Shoals Comm CollegeSCHOLARSHIP HOWELL HEFLIN MEMORIAL FUND | Muscle Shoals, AL | $50K | 2023 |
| Univerisity Of North AlabamaSCHOLARSHIP ML KING | Florence, AL | $4K | 2023 |
| National Alum Assoc Univ Of AlabamaBOOK SCHOLARSHIPS COLBERT COUNTY CHAPTER | Tuscaloosa, AL | $1K | 2023 |
| University Of North AlabamaELIZABETH C HILL SCHOLARSHIP | Florence, AL | $1K | 2023 |
| Alabama Service ProjectSCHOLARSHIP FINANCIAL AID1000 | Sewanee, TN | $1K | 2023 |
| University Of Alabama Scholar FoundSCHOLARSHIP HOWELL HEFLIN ENDOWED FUND | Tuscaloosa, AL | $1K | 2023 |
| Scholar Dollars Nw AlabamaSCHOLARSHIPS HOWELL HEFLIN SCHOLARSHIP | Florence, AL | $1K | 2023 |
| University Of The SouthSCHOLARSHIP FINANCIAL AID5000 ROBERTSON 5000 | Sewanee, TN | $10K | 2021 |
| University Of Alabama National AlumHOWELL T HEFLIN FUND | Tuscaloosa, AL | $5K | 2021 |
| University Of Alabama Law SchoolSCHOLARSHIP HOWELL HEFLIN ENDOWED FUND | Tuscaloosa, AL | $5K | 2021 |
| Birmingham Southern CollegeHOWELL T HEFLIN PROFESSORSHIP | Birmingham, AL | $5K | 2021 |
| Helen Keller Birthplace FoundationHELEN KELLER BIRTHPLACEFOUNDATION | Tuscumbia, AL | $3K | 2021 |
| Tennesse Valley Art AssocSCHOALARSHIPS | Tuscumbia, AL | $3K | 2021 |
| Shoals Scholar DollarsSHOLARSHIP | Florence, AL | $2K | 2021 |
| Sheffield Public LibraryMISSION EDUCATION PUBLIC LIBRARY | Sheffield, AL | $2K | 2021 |
BIRMINGHAM, AL
BIRMINGHAM, AL
BIRMINGHAM, AL