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Scott Family Foundation Inc. is a private corporation based in BOCA RATON, FL. The foundation received its IRS ruling in 1992. The principal officer is Steven M Scott. It holds total assets of $3.2M. Annual income is reported at $8.4M. Total assets have grown from $271K in 2011 to $1.4M in 2023. The foundation is governed by 2 officers and trustees. 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, Scott Family Foundation Inc. has made 12 grants totaling $22.3M, with a median grant of $1M. Annual giving has decreased from $4.1M in 2021 to $1M in 2023. Grantmaking activity was highest in 2022 with $17.1M distributed across 8 grants. Individual grants have ranged from $30K to $5.3M, with an average award of $1.9M. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in North Carolina and Florida and Minnesota. Contributions to this foundation are tax-deductible.
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.
Scott Family Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NC, FL, MN.
Scott Family Foundation Inc. has distributed a total of $22.3M across 12 grants. The median grant size is $1M, with an average of $1.9M. Individual grants have ranged from $30K to $5.3M.
Scott Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Scott Family Foundation Inc. is headquartered in BOCA RATON, FL. While based in FL, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Steven M Scott Md | PRESIDENT | $0 | $0 | N/A |
| Bertram E Walls | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$1.1M
Total Assets
$1.4M
Fair Market Value
$1.9M
Net Worth
$1.4M
Grants Paid
$1M
Contributions
$2.1M
Net Investment Income
$59K
Distribution Amount
$77K
Total Grants
12
Total Giving
$22.3M
Average Grant
$1.9M
Median Grant
$1M
Unique Recipients
7
Most Common Grant
$1M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mayo ClinicCHARITABLE DONATION TO A 501(C)(3) ENTITY. | Rochester, MN | $1M | 2023 |
| Legal Services Of Greater Miami IncCHARITABLE DONATION TO A 501(C)(3) ENTITY. | Miami, FL | $30K | 2023 |
| Duke UniversityEDUCATION | Durham, NC | $5.3M | 2022 |
| University Of Florida Foundation IncCHARITABLE DONATION TO A 501(C)(3) ENTITY. | Gainsville, FL | $2M | 2022 |
| Saint Andrew'S School Of Boca RatonCHARITABLE DONATION TO A 501(C)(3) ENTITY. | Boca Raton, FL | $1M | 2022 |
| New Mount Olive Baptist ChurchEDUCATION | Fort Lauderdale, FL | $250K | 2022 |
| Spanish River Presbyterian ChurchEDUCATION | Boca Raton, FL | $1M | 2021 |