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.
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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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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