Beard Scholarship Fund
Beard Scholarship Fund is a private foundation, based in Pennington, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $58.3M in total assets. In 2025, it awarded 4 grants totaling $2.8M. Net investment income was $3.5M.
Beard Scholarship Fund at a glance
In short: Beard Scholarship Fund gave $2.8M across 4 grants in 2025 (avg $693K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,770,188
- +9.6% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $692,547
- +9.6% vs 2024
- Median grant
- $692,547
- Total assets
- $58,252,487
- +0.7% vs 2024
- Primary geography
- Illinois (90% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Beard Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Northwestern University ($1.1M). Together the top 4 received $2.8M.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was in the $100–250K range: 6 grants of 20 (30%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Beard Scholarship Fund gives
- Giving grew 42% from 2022 to 2025. Method
- In 2025 it paid out 90% 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-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $1.8M (2020) to $2.8M (2025). In 2025 it made 4 grants totaling $2.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northwestern University Evanston, IL | Unrestricted General | $1,108,075 |
| Bradley University Peoria, IL | Unrestricted General | $1,108,075 |
| Peoria High School Alumni Association Peoria, IL | Unrestricted General | $277,019 |
| Texas Lutheran University Seguin, TX | Unrestricted General | $277,019 |
Ready to take the next step with Beard Scholarship Fund?
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 | $58,252,487 | $3,909,870 | $3,486,875 | $2,770,188 | 4 | $3,010,606 | $3,476,753 | $3,333,257 |
| 2024 | $57,875,352 | $3,614,644 | $3,230,375 | $2,526,492 | 4 | $2,861,155 | $3,337,353 | $3,104,850 |
| 2023 | $57,406,808 | $3,273,533 | $2,947,605 | $2,334,654 | 4 | $2,647,545 | $2,957,879 | $2,839,382 |
| 2022 | $57,113,341 | $8,352,511 | $2,613,537 | $1,950,000 | 4 | $2,280,980 | $3,106,693 | $3,009,318 |
| 2020 | $46,679,775 | $3,452,225 | $2,316,924 | $1,797,930 | 4 | — | $704,141 | $2,417,245 |
Under IRS private-foundation payout rules, Beard Scholarship Fund reported a distributable amount of $3.3M for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Beard Scholarship Fund's only listed officer is Bank Of America N A, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Bank Of America N A
Trustee
On filings since 2020
2 hrs/week
$458K (2020) → $601K (2025)
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $601K, to Bank of America N a (Trustee).
Frequently asked questions about Beard Scholarship Fund
How much does Beard Scholarship Fund give each year?
Beard Scholarship Fund gave $2.8M across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.5M across 4 grants.
What is Beard Scholarship Fund's typical grant size?
Beard Scholarship Fund's median grant in 2025 was $692,547, and its average grant was $692,547, across 4 grants on its 2025 IRS Form 990-PF.
Where does Beard Scholarship Fund give grants?
Beard Scholarship Fund gives mostly in Illinois: 90% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Texas (10%). The most frequent recipient cities were Peoria, IL (2 grants).
Does Beard Scholarship Fund give general operating support?
Yes: 100% of Beard Scholarship Fund's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Beard Scholarship Fund?
Beard Scholarship Fund reported $58.3M in total assets on its 2025 IRS Form 990-PF. It paid out $3.0M in qualifying distributions that year, against a required minimum of $3.3M (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 Beard Scholarship Fund's EIN?
Beard Scholarship Fund's EIN (Employer Identification Number) is 30-6661295. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 4, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS December 17, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 13, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in Beard Scholarship Fund's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in New Jersey
Ernst & Young Foundation
New York, NY
Ernst & Young Foundation supports higher education through employee and partner matching gifts, as well as educational and special-project grants, including research, education forums, and programs that expand educational opportunity. In 2025, it made 637 grants ranging from $5,056 to $316,005, with a median of $13,525, to recipients across multiple states; the largest shares went to New York, Texas, California, Michigan, and Pennsylvania. The profile does not state whether it accepts unsolicited requests.
Assets
$47.6M
Grants
637
Total Given
$16.7M
KPMG US Foundation Inc
Montvale, NJ
KPMG US Foundation supports education, mental health, community vitality, and community relief and resilience, with grants distributed across the United States. Its 2025 grants had a median of $25,000, though amounts ranged from about $5,000 to $2.2 million. The available information does not say whether it accepts unsolicited requests.
Assets
$12.4M
Grants
387
Total Given
$33.5M
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
IBM International Foundation
Armonk, NY
The IBM International Foundation funds education and workforce programs that build 21st-century and technology job skills, including initiatives for underserved students and job seekers. Its 2024 grants ranged from $10,000 to $8.48 million, with a median of $100,000, and went to organizations across several U.S. states, especially Delaware and Massachusetts. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$357.7M
Grants
16
Total Given
$11.7M
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The Bristol-Myers Squibb Foundation supports health access and stronger health systems, with a focus on adult and pediatric cancers, blood disorders, brain health, and clinical-trial participation in the United States, Brazil, India, and ten Sub-Saharan African countries. In 2024, its median grant was about $134,000, though awards varied widely; it does not state whether it accepts unsolicited requests, and advises prospective applicants to contact the Foundation about its process.
Assets
$83.3M
Grants
144
Total Given
$67.7M
The Presser Foundation
Philadelphia, PA
The Presser Foundation funds music and music education, including organizational operating support, capital projects, special projects, student awards, and assistance to retired music teachers, primarily in the Greater Philadelphia region. Its general operating grants are typically no more than $50,000, while 2025 grants had a median of $3,000. It accepts unsolicited requests through its online application process.
Assets
$89.3M
Grants
486
Total Given
$3.8M
More similar funders
More Funders in New Jersey
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Beard Scholarship Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Beard Scholarship Fund down — hundreds of funders to go?