Basil L King Scholarship
The Basil L King Scholarship Foundation Inc is a private foundation based in Fort Pierce, Florida. Established in 1973, the foundation provides scholarship assistance and medical care support to residents of St. Lucie County pursuing careers in health sciences and related fields.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$7.1M
+3.4% YoY
Annual Giving
$323K
+5.3% YoY
Grant Count
27
+3.8% YoY
Avg Grant Size
$12K
+1.4% YoY
Under IRS private-foundation payout rules, Basil L King Scholarship reported a distributable amount of $303K for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary purpose is to award scholarships to St. Lucie County, Florida residents pursuing study in health sciences, medicine, dentistry, and pharmacy. The foundation also makes payments for the medical care of indigent children under 14 years of age.
Grantmaking
The foundation offers two active scholarship programs:
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Geographic Focus
Where this funder awards grants
The foundation exclusively serves St. Lucie County, Florida residents.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Based on the most recent IRS Form 990 filing (2025):
- Total Assets: $7,135,645
- Total Annual Giving: $323,078
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $7,135,645 | $6,899,927 | $5,896,540 |
| Revenue | $385,562 | $164,744 | $122,323 |
| Expenses | $404,769 | $380,580 | $300,497 |
| Qualifying Distributions | $350,956 | $331,833 | $251,518 |
| Net Investment Income | $317,475 | $81,768 | $77,926 |
| Distributable Amount | $303,348 | $288,006 | $266,129 |
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 2025
Grant Size Distribution
107 grants across all recorded years
Open Grants
2 open opportunities from Basil L King Scholarship
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Indian River State College ($94,900), Keiser University ($27,000), Florida Atlantic University ($22,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADVENT HEALTH UNIVERSITY ORLANDO, FL | SCHOLARSHIP FOR MEDICAL STUDY | $2,000 |
| BARRY UNIVERSITY MIAMI, FL | SCHOLARSHIP FOR MEDICAL STUDY | $6,000 |
| CAPELLA UNIVERSITY MINNEAPOLIS, MN | SCHOLARSHIP FOR MEDICAL STUDY | $4,000 |
| CHAMBERLAIN UNIVERSITY ADDISON, IL | SCHOLARSHIP FOR MEDICAL STUDY | $8,000 |
| FLORIDA ATLANTIC UNIVERSITY BOCA RATON, FL | SCHOLARSHIP FOR MEDICAL STUDY | $22,000 |
| FLORIDA A&M UNIVERSITY TALLAHASSEE, FL | SCHOLARSHIP FOR MEDICAL STUDY | $6,000 |
| FLORIDA STATE UNIVERSITY TALLAHASSEE, FL | SCHOLARSHIP FOR MEDICAL STUDY | $19,000 |
| FORTIS INSTITUTE PORT ST LUCIE, FL | SCHOLARSHIP FOR MEDICAL STUDY | $10,000 |
| GEISINGER COMMONWEALTH DANVILLE, PA | SCHOLARSHIP FOR MEDICAL STUDY | $6,000 |
| INDIAN RIVER STATE COLLEGE FORT PIERCE, FL | SCHOLARSHIP FOR MEDICAL STUDY | $94,900 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANK H FEE III | CHAIRMAN,DIR | 1 | — |
| BRUCE ABERNETHY JR | DIRECTOR | 1 | — |
| JIMMIE ANNE HAISLEY | EXECUTIVE DI | 10 | $24,000 |
| ANN DECKER | DIRECTOR | 1 | — |
| KAREN RIPPER | DIRECTOR | 1 | — |
| EILEAN CLARK | DIRECTOR | 1 | — |
| CYNTHIA SHEELAR | DIRECTOR | 1 | — |
| RONALD CASON | DIRECTOR | 1 | — |
Contact Information
- Website: www.basilkingfoundation.org
- Phone: 772-465-2039
- Address: 3600 N Milton Rd, Fort Pierce, FL 34946-1909
- EIN: 59-0651084
Frequently Asked Questions
What does Basil L King Scholarship fund?
The foundation's primary purpose is to award scholarships to St. Lucie County, Florida residents pursuing study in health sciences, medicine, dentistry, and pharmacy. The foundation also makes payments for the medical care of indigent children under 14 years of age.
How do I apply for a grant from Basil L King Scholarship?
The foundation offers two active scholarship programs: • **Four-Year Scholarships**: Available to St. Lucie County residents pursuing careers in health sciences. Applicants must maintain a minimum GPA of 3.00, though those with a GPA of 2.5 may be considered under special circumstances. Scholarships are renewable for up to three years with continued eligibility. Preference is given to students who intend to return to the Treasure Coast after graduation. • **Two-Year Scholarships**: Also availab…
Where does Basil L King Scholarship make grants?
The foundation exclusively serves St. Lucie County, Florida residents.
What size grants does Basil L King Scholarship award?
In 2025, Basil L King Scholarship awarded 27 grants totaling $323K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Basil L King Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Basil L King Scholarship reported a distributable amount of $303K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Basil L King Scholarship's EIN?
Basil L King Scholarship's EIN (Employer Identification Number) is 59-0651084. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Basil L King Scholarship's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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