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Thomas W And Lolita Gayle Scholarship Fund is a private trust based in DALLAS, TX. The foundation received its IRS ruling in 1998. The principal officer is Bank Of America Na. It holds total assets of $581K. Annual income is reported at $142K. Total assets have grown from $171K in 2011 to $566K in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of education. Tax records are available from 2021 to 2024. Grantmaking is concentrated in Virginia. According to available records, Thomas W And Lolita Gayle Scholarship Fund has made 25 grants totaling $90K, with a median grant of $3K. Annual giving has grown from $12K in 2021 to $24K in 2024. Grantmaking activity was highest in 2023 with $48K distributed across 16 grants. Individual grants have ranged from $3K to $6K, with an average award of $4K. The foundation has supported 9 unique organizations. Grants have been distributed to organizations in Virginia and Alabama. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$3K
Average Grant
$4K
Largest Grant
$6K
Based on 3 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.
Thomas W And Lolita Gayle Scholarship Fund primarily funds organizations in the area of education. Based on available records, the foundation has funded 25 grants. Its grantmaking reaches organizations primarily in VA, AL.
Thomas W And Lolita Gayle Scholarship Fund has distributed a total of $90K across 25 grants. The median grant size is $3K, with an average of $4K. Individual grants have ranged from $3K to $6K.
The application deadline is FEBRUARY 3. Graduate from mathews high school.
Thomas W And Lolita Gayle Scholarship Fund is headquartered in DALLAS, TX. While based in TX, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bank Of America | TRUSTEE | $9K | $0 | $9K |
Total Giving
$39K
Total Assets
$566K
Fair Market Value
$656K
Net Worth
$566K
Grants Paid
$24K
Contributions
N/A
Net Investment Income
$13K
Distribution Amount
$32K
Total Grants
25
Total Giving
$90K
Average Grant
$4K
Median Grant
$3K
Unique Recipients
9
Most Common Grant
$3K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| William And MaryUNRESTRICTED GENERAL | Williamsburg, VA | $5K | 2024 |
| University Of VirginiaUNRESTRICTED GENERAL | Charlottesville, VA | $3K | 2023 |
| Washington And Lee UniversityUNRESTRICTED GENERAL | Lexington, VA | $5K | 2024 |
| James Madison UniversityUNRESTRICTED GENERAL | Harrisonburg, VA | $5K | 2024 |
| George Mason UniversityUNRESTRICTED GENERAL | Fairfax, VA | $3K | 2024 |
| University Of Mary WashingtonUNRESTRICTED GENERAL | Fredricksburg, VA | $3K | 2024 |
| University Of South AlabamaUNRESTRICTED GENERAL | Mobile, AL | $3K | 2024 |
| Rappahannock CommunityEDUCATIONAL SCHOLARSHIPS | Warsaw, VA | $3K | 2023 |
| Liberty UniversityUNRESTRICTED GENERAL | Lynchburg, VA | $3K | 2023 |
| Sentara College Of Health SciencesUNRESTRICTED GENERAL | Chesapeake, VA | N/A | 2023 |