American State Bank Endowed Scholarship
American State Bank Endowed Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LUBBOCK, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 5 grants totaling $101K. Net investment income was $229K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.2M
+4.0% YoY
Annual Giving
$101K
Grant Count
5
Avg Grant Size
$20K
Under IRS private-foundation payout rules, American State Bank Endowed Scholarship reported a distributable amount of $173K for 2024 — the minimum it must pay out in qualifying distributions.
About American State Bank Endowed Scholarship
Based on IRS filings
American State Bank Endowed Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LUBBOCK, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 5 grants totaling $101K. Net investment income was $229K.
Focus Areas
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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 | $3,239,158 | $3,113,080 | $2,950,945 |
| Revenue | $235,503 | $124,733 | $147,725 |
| Expenses | $109,425 | $93,254 | $108,436 |
| Qualifying Distributions | $104,018 | — | — |
| Net Investment Income | $228,647 | $105,885 | $117,918 |
| Distributable Amount | $172,901 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lubbock Christian University ($36,201), Texas Tech University & Ttu Health Sciences Center ($25,201), South Plains College ($19,766).
| Recipient | Purpose | Amount |
|---|---|---|
| SOUTH PLAINS COLLEGE LEVELLAND, TX | NURSING SCHOLARSHIPS | $19,766 |
| COVENANT SCHOOL OF NURSING LUBBOCK, TX | NURSING SCHOLARSHIPS | $18,244 |
| LUBBOCK CHRISTIAN UNIVERSITY LUBBOCK, TX | NURSING SCHOLARSHIPS | $36,201 |
| TEXAS TECH UNIVERSITY & TTU HEALTH SCIENCES CENTER LUBBOCK, TX | NURSING SCHOLARSHIPS | $25,201 |
| MCMURRY UNIVERSITY ABILENE, TX | NURSING SCHOLARSHIPS | $1,621 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PROSPERITY BANK | TRUSTEE | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is American State Bank Endowed Scholarship?
American State Bank Endowed Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LUBBOCK, TX. It holds $3.2M in total assets as of 2024.
How large is American State Bank Endowed Scholarship?
As of 2024, American State Bank Endowed Scholarship holds $3.2M in total assets with $236K in annual revenue. It awarded 5 grants totaling $101K in 2024.
Where does American State Bank Endowed Scholarship operate?
American State Bank Endowed Scholarship has awarded grants in Texas.
What size grants does American State Bank Endowed Scholarship award?
In 2024, American State Bank Endowed Scholarship awarded 5 grants totaling $101K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is American State Bank Endowed Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, American State Bank Endowed Scholarship reported a distributable amount of $173K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is American State Bank Endowed Scholarship's EIN?
American State Bank Endowed Scholarship's EIN (Employer Identification Number) is 30-6043815. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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