Bud Mitchum Scholarship Fund
Bud Mitchum Scholarship Fund is a private foundation focused on Education, based in Spring Hill, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 4 grants totaling $32K. Net investment income was $46K.
Bud Mitchum Scholarship Fund at a glance
In short: Bud Mitchum Scholarship Fund gave $32K across 4 grants in 2024 (avg $8K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $32,000
- +540.0% vs 2023
- Grants made (2024)
- 4
- +300.0% vs 2023
- Average grant
- $8,000
- +60.0% vs 2023
- Median grant
- $8,000
- Total assets
- $1,473,557
- -0.9% vs 2023
- Primary geography
- Tennessee (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Bud Mitchum Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was University of TN Knoxville FBO D to ($8K). Together the top 3 received $24K.
Organizations only. It also paid 1 individual scholarship ($8,000), which are not listed by name.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Bud Mitchum Scholarship Fund gives
- Giving grew 540% from 2021 to 2024. Method
- In 2024 it paid out 74% 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 2024, annual grant giving ranged from $5K (2020) to $32K (2024). In 2024 it made 4 grants totaling $32K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of TN Knoxville FBO D to Knoxville, TN | Educational Scholarship | $8,000 |
| University of TN Martin FBO Hhughes Martin, TN | Educational Scholarship | $8,000 |
| 1 individual scholarship Recipients not named | — | $8,000 |
| University of TN Knoxvl FBO a Mulli Knoxville, TN | Educational Scholarship | $8,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,473,557 | $56,235 | $69,003 | $32,000 | 4 | $65,934 | $45,705 | $88,892 |
| 2023 | $1,486,325 | $49,482 | $17,755 | $5,000 | 1 | $12,834 | $43,853 | $78,376 |
| 2022 | $1,453,661 | $731,366 | $13,240 | $5,000 | 1 | $5,000 | $10,796 | — |
| 2021 | $736,113 | $40,608 | $11,975 | $5,000 | 1 | $5,000 | $33,633 | — |
| 2020 | $707,515 | $47,645 | $12,155 | $5,000 | 1 | — | $42,623 | — |
Under IRS private-foundation payout rules, Bud Mitchum Scholarship Fund reported a distributable amount of $89K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Bud Mitchum Scholarship Fund's 2024 filing lists 5 officers; 3 of 5 officers listed in 2024 are compensated.
Officers on the 2024 filing
James Gary
Trustee
On filings since 2020
1 hr/week
$11K (2024)
Randy Lochridge
Trustee
On filings since 2020
1 hr/week
$11K (2024)
Pinnacle Financial-Amy Farrar
Trustee
New on the 2024 filing
1 hr/week
$9K (2024)
Starla Hardin
Selection Committee
On filings since 2021
1 hr/week
No compensation reported
Terri Anne Orr
Selection Committee
On filings since 2021
1 hr/week
No compensation reported
Former officers (3)
- Former: Pinnacle Financial - Kim Boone (2020–2023) — Trustee
- Former: Dill Hughes (2020) — Selection Committee
- Former: Matt Web (2020) — Selection Committee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $11K, to James Gary (Trustee). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Bud Mitchum Scholarship Fund
How much does Bud Mitchum Scholarship Fund give each year?
Bud Mitchum Scholarship Fund gave $32K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5K across 1 grant.
What is Bud Mitchum Scholarship Fund's typical grant size?
Bud Mitchum Scholarship Fund's median grant in 2024 was $8,000, and its average grant was $8,000, across 4 grants on its 2024 IRS Form 990-PF.
Where does Bud Mitchum Scholarship Fund give grants?
Bud Mitchum Scholarship Fund gives mostly in Tennessee: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Knoxville, TN (2 grants).
Does Bud Mitchum Scholarship Fund give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Bud Mitchum Scholarship Fund's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational Scholarship" (3 grants).
How large is Bud Mitchum Scholarship Fund?
Bud Mitchum Scholarship Fund reported $1.5M in total assets on its 2024 IRS Form 990-PF. It paid out $66K in qualifying distributions that year, against a required minimum of $89K (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 Bud Mitchum Scholarship Fund?
Bud Mitchum Scholarship Fund is a private foundation focused on Education, based in Spring Hill, TN. It holds $1.5M in total assets as of 2024.
What is Bud Mitchum Scholarship Fund's EIN?
Bud Mitchum Scholarship Fund's EIN (Employer Identification Number) is 46-3699627. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
Live grants for the work Bud Mitchum Scholarship Fund funds
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