Braswell Fund
Braswell Fund is a private foundation, based in Madison, GA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $488K in total assets. In 2025, it awarded 8 grants totaling $21K. Net investment income was $14K.
Braswell Fund at a glance
In short: Braswell Fund gave $21K across 8 grants in 2025 (avg $3K), mostly in Georgia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $20,700
- +4.5% vs 2024
- Grants made (2025)
- 8
- +33.3% vs 2024
- Average grant
- $2,588
- -21.6% vs 2024
- Median grant
- $2,300
- Total assets
- $487,922
- +2.8% vs 2024
- Primary geography
- Georgia (89% 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 Braswell Fund funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Georgia Military College ($5K). Together the top 8 received $21K.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was under $50K: 35 grants of 35 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How Braswell Fund gives
- Giving fell 39% from 2022 to 2025. Method
- In 2025 it paid out 92% 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 2022 to 2025, annual grant giving ranged from $20K (2023) to $34K (2022). In 2025 it made 8 grants totaling $21K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Georgia Military College Milledgeville, GA | Refund of scholarship | $4,600 |
| University of North Georgia Dahlonega, GA | Scholarship | $2,300 |
| Georgia College State University Milledgeville, GA | Scholarship | $2,300 |
| University of Georgia Athens, GA | Scholarship | $2,300 |
| Abraham Baldwin Agricultural Colleg Tifton, GA | Scholarship | $2,300 |
| Georgia Southern University Statesboro, GA | Scholarship | $2,300 |
| Western Carolina University Cullowhee, NC | Scholarship | $2,300 |
| Georgia Gwinnett College Lawrenceville, GA | Scholarship | $2,300 |
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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 | $487,922 | $20,732 | $32,375 | $20,700 | 8 | $21,200 | $13,858 | $22,933 |
| 2024 | $474,665 | $127,586 | $27,539 | $19,800 | 6 | $20,300 | $37,388 | $20,957 |
| 2023 | $368,568 | $36,132 | $26,564 | $19,500 | 11 | $18,500 | $1,963 | $15,629 |
| 2022 | $335,115 | $23,587 | $45,446 | $34,200 | 10 | $34,700 | $13,899 | $17,876 |
| 2021 | $417,164 | $46,612 | $8,901 | — | — | — | $42,031 | $17,035 |
Under IRS private-foundation payout rules, Braswell Fund reported a distributable amount of $23K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Braswell Fund's only listed officer is Charles Merritt, Custodian on every filing since 2021 (compensated).
Officers on the 2025 filing
Charles Merritt
Custodian
On filings since 2021
2 hrs/week
$3K (2021) → $3K (2025)
Data from IRS Form 990 filings, 2021–2025. "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 $3K, to Charles Merritt (Custodian).
Frequently asked questions about Braswell Fund
How much does Braswell Fund give each year?
Braswell Fund gave $21K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $20K across 6 grants.
What is Braswell Fund's typical grant size?
Braswell Fund's median grant in 2025 was $2,300, and its average grant was $2,588, across 8 grants on its 2025 IRS Form 990-PF.
Where does Braswell Fund give grants?
Braswell Fund gives mostly in Georgia: 89% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was North Carolina (11%). The most frequent recipient cities were Milledgeville, GA (2 grants).
Does Braswell Fund give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Braswell Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (7 grants).
Who are Braswell Fund's largest grantees?
Braswell Fund's largest 2025 grantees include Georgia Military College ($4,600), University of North Georgia ($2,300) and Georgia College State University ($2,300), according to its 2025 IRS Form 990-PF. Together they received 44% of its itemized 2025 grant dollars.
How large is Braswell Fund?
Braswell Fund reported $488K in total assets on its 2025 IRS Form 990-PF. It paid out $21K in qualifying distributions that year, against a required minimum of $23K (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 Braswell Fund's EIN?
Braswell Fund's EIN (Employer Identification Number) is 58-6033308. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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