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The Bruce T Hibbit Scholarship Fund is a private trust based in SHERMAN, TX. The foundation received its IRS ruling in 2014. The principal officer is Landmark Bank Ttee. It holds total assets of $81K. Annual income is reported at $13K. The foundation is governed by 1 officer or trustee. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. According to available records, The Bruce T Hibbit Scholarship Fund has made 6 grants totaling $20K, with a median grant of $3K. The foundation has distributed between $5K and $6K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $6K distributed across 2 grants. Individual grants have ranged from $3K to $5K, with an average award of $3K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Texas. 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.
The Bruce T Hibbit Scholarship Fund primarily funds organizations in the area of education. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in TX.
The Bruce T Hibbit Scholarship Fund has distributed a total of $20K across 6 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $3K to $5K.
The Bruce T Hibbit Scholarship Fund typically selects its grantees rather than accepting unsolicited proposals.
The Bruce T Hibbit Scholarship Fund is headquartered in SHERMAN, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Simmons Bank | TRUSTEE | $0 | $0 | N/A |
Total Giving
$8K
Total Assets
$86K
Fair Market Value
$94K
Net Worth
$86K
Grants Paid
$5K
Contributions
N/A
Net Investment Income
$720
Distribution Amount
$4K
Total: $83K
Total Grants
6
Total Giving
$20K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
4
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Texas Wesleyan UniversityFURTHER EDUCATIONAL PURPOSE | Fort Worth, TX | $3K | 2023 |
| Jordan Adrian BelloFURTHER EDUCATIONAL PURPOSE | Denison, TX | $3K | 2023 |
| Grayson CollegeFURTHER EDUCATIONAL PURPOSE | Denison, TX | $5K | 2021 |
| Texas A&M University - CommerceFURTHER EDUCATIONAL PURPOSE | Commerce, TX | $5K | 2020 |