American State Bank Endowed Scholarship Funds for Nursing
American State Bank Endowed Scholarship Funds for Nursing is a private foundation, based in Lubbock, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $5.3M in total assets. In 2025, it awarded 5 grants totaling $168K. Net investment income was $406K.
American State Bank Endowed Scholarship Funds for Nursing at a glance
In short: American State Bank Endowed Scholarship Funds for Nursing gave $168K across 5 grants in 2025 (avg $34K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $167,538
- +65.8% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $33,508
- +65.8% vs 2024
- Median grant
- $21,194
- Total assets
- $5,339,431
- +64.8% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who American State Bank Endowed Scholarship Funds for Nursing funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Lubbock Christian University ($98K). Together the top 4 received $140K.
Organizations only. It also paid 1 individual scholarship ($27,138), which are not listed by name.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 9 grants of 10 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How American State Bank Endowed Scholarship Funds for Nursing gives
- In 2025 it paid out 71% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $101K (2024) to $168K (2025). In 2025 it made 5 grants totaling $168K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lubbock Christian University Lubbock, TX | Nursing Scholarships | $97,898 |
| 1 individual scholarship Recipients not named | — | $27,138 |
| South Plains College Levelland, TX | Nursing Scholarships | $21,194 |
| Covenant School of Nursing Lubbock, TX | Nursing Scholarships | $19,561 |
| McMurry University Abilene, TX | Nursing Scholarships | $1,747 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,339,431 | $2,280,229 | $179,956 | $167,538 | 5 | $169,043 | $405,599 | $239,334 |
| 2024 | $3,239,158 | $235,503 | $109,425 | $101,033 | 5 | $104,018 | $228,647 | $172,901 |
| 2023 | $3,113,080 | $124,733 | $93,254 | — | — | — | $105,885 | — |
| 2022 | $2,950,945 | $147,725 | $108,436 | — | — | — | $117,918 | — |
| 2021 | $3,592,748 | $435,965 | $102,268 | — | — | — | $425,437 | — |
| 2020 | $3,259,051 | $339,081 | $93,659 | — | — | — | $331,368 | — |
Under IRS private-foundation payout rules, American State Bank Endowed Scholarship Funds for Nursing reported a distributable amount of $239K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
American State Bank Endowed Scholarship Funds for Nursing's only listed officer is Prosperity Bank, Trustee on every filing since 2020 (uncompensated).
Officers on the 2025 filing
Prosperity Bank
Trustee
On filings since 2020
10 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about American State Bank Endowed Scholarship Funds for Nursing
How much does American State Bank Endowed Scholarship Funds for Nursing give each year?
American State Bank Endowed Scholarship Funds for Nursing gave $168K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $101K across 5 grants.
What is American State Bank Endowed Scholarship Funds for Nursing's typical grant size?
American State Bank Endowed Scholarship Funds for Nursing's median grant in 2025 was $21,194, and its average grant was $33,508, across 5 grants on its 2025 IRS Form 990-PF.
Where does American State Bank Endowed Scholarship Funds for Nursing give grants?
American State Bank Endowed Scholarship Funds for Nursing gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Lubbock, TX (2 grants).
Does American State Bank Endowed Scholarship Funds for Nursing give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on American State Bank Endowed Scholarship Funds for Nursing's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Nursing Scholarships" (5 grants).
Who are American State Bank Endowed Scholarship Funds for Nursing's largest grantees?
American State Bank Endowed Scholarship Funds for Nursing's largest 2025 grantees include Lubbock Christian University ($97,898), South Plains College ($21,194) and Covenant School of Nursing ($19,561), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($27,138), which are not listed by name. Together they received 83% of its itemized 2025 grant dollars.
How large is American State Bank Endowed Scholarship Funds for Nursing?
American State Bank Endowed Scholarship Funds for Nursing reported $5.3M in total assets on its 2025 IRS Form 990-PF. It paid out $169K in qualifying distributions that year, against a required minimum of $239K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is American State Bank Endowed Scholarship Funds for Nursing's EIN?
American State Bank Endowed Scholarship Funds for Nursing's EIN (Employer Identification Number) is 30-6043815. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 8, 2026)
- IRS filings on file for fiscal years 2020–2024
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