Albert & Louise Davis Scholarship Fund
Albert & Louise Davis Scholarship Fund is a private foundation, based in BERKELEY HEIGHTS, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $744K in total assets. In 2024, it awarded 11 grants totaling $47K. Net investment income was $56K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$744K
+6.6% YoY
Annual Giving
$47K
+55.4% YoY
Grant Count
11
+0.0% YoY
Avg Grant Size
$4K
+55.4% YoY
Under IRS private-foundation payout rules, Albert & Louise Davis Scholarship Fund reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.
About Albert & Louise Davis Scholarship Fund
Based on IRS filings
Albert & Louise Davis Scholarship Fund is a private foundation, based in BERKELEY HEIGHTS, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $744K in total assets. In 2024, it awarded 11 grants totaling $47K. Net investment income was $56K.
Ready to take the next step with Albert & Louise Davis Scholarship Fund?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $743,878 | $697,842 | $690,471 |
| Revenue | $102,374 | $45,284 | $36,771 |
| Expenses | $56,013 | $37,913 | $51,059 |
| Qualifying Distributions | $47,870 | $31,230 | $45,975 |
| Net Investment Income | $55,878 | $30,753 | $31,087 |
| Distributable Amount | $35,478 | $35,424 | $42,242 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
67 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Rutgers University ($10,000), New Jersey Institute of Technology ($7,000), Kean University ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| QUINNIPIAC UNIVERSITY HAMDEN, CT | PUBLIC SUPPORT | $2,000 |
| KEAN UNIVERSITY UNION, NJ | SCHOLARSHIP | $6,000 |
| NEW JERSEY INSTITUTE OF TECHNOLOGY NEWARK, NJ | SCHOLARSHIP | $7,000 |
| RUTGERS UNIVERSITY PISCATAWAY, NJ | SCHOLARSHIP | $6,000 |
| RUTGERS UNIVERSITY NEWARK, NJ | SCHOLARSHIP | $10,000 |
| UNION COUNTY COLLEGE CRANFORD, NJ | SCHOLARSHIP | $4,000 |
| CENTRAL TEXAS COLLEGE KILLEEN, TX | SCHOLARSHIP | $2,000 |
| MONTCLAIR STATE UNIVERSITY MONTCLAIR, NJ | SCHOLARSHIP | $4,000 |
| ST PETERS UNIVERSITY JERSEY CITY, NJ | SCHOLARSHIP | $2,000 |
| NEW YORK UNIVERSITY NEW YORK, NY | SCHOLARSHIP | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KENNETH RICHUSO | PRESIDENT | 1 | — |
| DOUGLAS HARRIS | VICE PRESIDENT | 1 | — |
| JONATHAN BURT | TRASURER | 1 | — |
| MARIE KRUPINSKI | SECRETARY | 1 | — |
| CEIL MANTIA | DIRECTOR | 1 | — |
| WILLIAM MEALIA | DIRECTOR | 1 | — |
| CARLTON DANIELS | DIRECTOR | 1 | — |
| JOHN JACOBSEN | DIRECTOR | 1 | — |
| MICHELLE DORAN MCBEAN | DIRECTOR | 1 | — |
| TRACY PARHAM | DIRECTOR | 1 | — |
| ALLAN TENNANT | DIRECTOR | 1 | — |
| LOREN FROST | DIRECTOR | 1 | — |
Frequently Asked Questions
How large is Albert & Louise Davis Scholarship Fund?
As of 2024, Albert & Louise Davis Scholarship Fund holds $744K in total assets with $102K in annual revenue. It awarded 11 grants totaling $47K in 2024.
Where does Albert & Louise Davis Scholarship Fund operate?
Albert & Louise Davis Scholarship Fund has awarded grants in California, Connecticut, District of Columbia, Florida, Georgia, Massachusetts, Maryland, North Carolina, New Jersey, New York, Pennsylvania, Texas, Virginia.
What size grants does Albert & Louise Davis Scholarship Fund award?
In 2024, Albert & Louise Davis Scholarship Fund awarded 11 grants totaling $47K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Albert & Louise Davis Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Albert & Louise Davis Scholarship Fund reported a distributable amount of $35K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Albert & Louise Davis Scholarship Fund's EIN?
Albert & Louise Davis Scholarship Fund's EIN (Employer Identification Number) is 22-2783184. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Albert & Louise Davis Scholarship Fund's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Aetna Foundation Inc
HARTFORD, CT
Assets
$16.6M
Grants
65
Total Given
$7.2M
The Pfizer Foundation Inc
NEW YORK, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
Charities Aid Foundation America
ALEXANDRIA, VA
Assets
$444.9M
Grants
10,157
Total Given
$466.3M
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
Verizon Foundation
BASKING RIDGE, NJ
Assets
$23.8M
Grants
5,464
Total Given
$7.0M
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
Folds of Honor Foundation
OWASSO, OK
Assets
$109.1M
Grants
1,611
Total Given
$37.7M
Community Foundation of New Jersey
MORRISTOWN, NJ
Assets
$1.0B
Grants
1,321
Total Given
$93.8M
The Blackbaud Giving Fund
CHARLESTON SC, SC
Assets
$52.7M
Grants
1,860
Total Given
$41.4M
Ibm International Foundation
ARMONK, NY
Assets
$357.7M
Grants
16
Total Given
$11.7M
Jpmorgan Chase Foundation
NEW YORK, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Albert & Louise Davis Scholarship Fund on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities