Bettye Reed Scholarship Foundation Inc is a private foundation focused on Education, based in ROME, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $557K in total assets. In 2024, it awarded 13 grants totaling $43K. Net investment income was $51K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$557K
+1.3% YoY
Annual Giving
$43K
+34.4% YoY
Grant Count
13
+30.0% YoY
Avg Grant Size
$3K
+3.4% YoY
Under IRS private-foundation payout rules, Bettye Reed Scholarship Foundation Inc reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.
About Bettye Reed Scholarship Foundation Inc
Based on IRS filings
Bettye Reed Scholarship Foundation Inc is a private foundation focused on Education, based in ROME, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $557K in total assets. In 2024, it awarded 13 grants totaling $43K. Net investment income was $51K.
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 | $556,583 | $549,299 | $561,165 |
| Revenue | $69,454 | $37,500 | $34,343 |
| Expenses | $62,170 | $49,366 | $42,345 |
| Qualifying Distributions | $43,000 | $32,000 | $28,000 |
| Net Investment Income | $50,568 | $20,413 | $19,998 |
| Distributable Amount | $35,157 | $31,468 | $31,612 |
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
34 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Addison E Orr ($3,500), Adriel Kershner ($3,500), Ella Kate Bergin ($3,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ADDISON E ORR VILLA RICA, GA | SCHOLARSHIP | $3,500 |
| ADRIEL KERSHNER SILVER CREEK, GA | SCHOLARSHIP | $3,500 |
| ELLA KATE BERGIN ROME, GA | SCHOLARSHIP | $3,500 |
| GRANT TAYLOR ROME, GA | SCHOLARSHIP | $3,500 |
| LILLY BERGIN ROME, GA | SCHOLARSHIP | $3,500 |
| LUKE MITCHELL ROME, GA | SCHOLARSHIP | $3,500 |
| MARK VAN LEUVEN ROME, GA | SCHOLARSHIP | $3,500 |
| RALEIGH MITCHELL ROME, GA | SCHOLARSHIP | $3,500 |
| SAM MITCHELL ROME, GA | SCHOLARSHIP | $3,500 |
| THOMAS BERGIN ROME, GA | SCHOLARSHIP | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROGER L MITCHELL | PRESIDENT | 10 | — |
| RICHARD J INMAN JR | VICE PRESIDENT | 1 | — |
| ROBERT T MASTERS | SECRETARY/TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bettye Reed Scholarship Foundation Inc?
Bettye Reed Scholarship Foundation Inc is a private foundation focused on Education, based in ROME, GA. It holds $557K in total assets as of 2024.
How large is Bettye Reed Scholarship Foundation Inc?
As of 2024, Bettye Reed Scholarship Foundation Inc holds $557K in total assets with $69K in annual revenue. It awarded 13 grants totaling $43K in 2024.
Where does Bettye Reed Scholarship Foundation Inc operate?
Bettye Reed Scholarship Foundation Inc has awarded grants in Georgia.
What size grants does Bettye Reed Scholarship Foundation Inc award?
In 2024, Bettye Reed Scholarship Foundation Inc awarded 13 grants totaling $43K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Bettye Reed Scholarship Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bettye Reed Scholarship Foundation Inc reported a distributable amount of $35K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bettye Reed Scholarship Foundation Inc's EIN?
Bettye Reed Scholarship Foundation Inc's EIN (Employer Identification Number) is 20-1692503. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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