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Theresa Gail May Scholarship Foundation is a private trust based in PACE, FL. The foundation received its IRS ruling in 1998. The principal officer is Claudia Cassevah. It holds total assets of $939K. Annual income is reported at $368K. The foundation is governed by 5 officers and trustees. 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 2020 to 2023. The foundation primarily funds organizations in Florida and Virginia. According to available records, Theresa Gail May Scholarship Foundation has made 20 grants totaling $201K, with a median grant of $2K. Annual giving has grown from $52K in 2021 to $148K in 2022. Individual grants have ranged from $406 to $33K, with an average award of $10K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Florida and Virginia. Contributions to this foundation are tax-deductible.
Smallest Grant
$406
Median Grant
$2K
Average Grant
$9K
Largest Grant
$33K
Based on 8 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.
Theresa Gail May Scholarship Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in FL, VA.
Theresa Gail May Scholarship Foundation has distributed a total of $201K across 20 grants. The median grant size is $2K, with an average of $10K. Individual grants have ranged from $406 to $33K.
Theresa Gail May Scholarship Foundation typically selects its grantees rather than accepting unsolicited proposals.
Theresa Gail May Scholarship Foundation is headquartered in PACE, FL. While based in FL, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Claudia Cassevah | EXECUTIVE DIRECTOR | $4K | $0 | $4K |
| Ricky Smith | TRUSTEE | $0 | $0 | N/A |
| Lb Jones | TRUSTEE | $0 | $0 | N/A |
| Herb Cannon | TRUSTEE | $0 | $0 | N/A |
| Jr Jones | TRUSTEE | $0 | $0 | N/A |
Total Giving
$162K
Total Assets
$962K
Fair Market Value
$968K
Net Worth
$962K
Grants Paid
$139K
Contributions
N/A
Net Investment Income
$10K
Distribution Amount
$50K
Total Grants
20
Total Giving
$201K
Average Grant
$10K
Median Grant
$2K
Unique Recipients
8
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Pensacola State CollegeSTUDENT SCHOLARSHIPS | Pensacola, FL | $33K | 2022 |
| University Of West FloridaSTUDENT SCHOLARSHIPS | Pensacola, FL | $18K | 2022 |
| Roxi FordSCHOLARSHIP FOR ADVANCED DEGREE PROGRAM | Pace, FL | $18K | 2022 |
| Close Up FoundationSTUDENT TRIPS | Alexandria, VA | $2K | 2022 |
| Jay High SchoolSTUDENT TRIPS | Jay, FL | $1K | 2022 |
| Pace High SchoolSTUDENT TRIPS | Pace, FL | $886 | 2022 |
| Central High SchoolSTUDENT TRIPS | Brooksville, FL | $812 | 2022 |
| Milton High SchoolSTUDENT TRIPS | Milton, FL | $406 | 2022 |