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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
-0.9% YoY
Annual Giving
$32K
+540.0% YoY
Grant Count
4
+300.0% YoY
Avg Grant Size
$8K
+60.0% YoY
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.
About Bud Mitchum Scholarship Fund
Based on IRS filings
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.
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 | $1,473,557 | $1,486,325 | $1,453,661 |
| Revenue | $56,235 | $49,482 | $731,366 |
| Expenses | $69,003 | $17,755 | $13,240 |
| Qualifying Distributions | $65,934 | $12,834 | $5,000 |
| Net Investment Income | $45,705 | $43,853 | $10,796 |
| Distributable Amount | $88,892 | $78,376 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Tn Knoxville Fbo D to ($8,000), University of Tn Martin Fbo Hhughes ($8,000), Middle Tn State Univ Fbo J Johns ($8,000).
| 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 |
| MIDDLE TN STATE UNIV FBO J JOHNS MURFREESBORO, TN | EDCUATIONAL SCHOLARSHIP | $8,000 |
| UNIVERSITY OF TN KNOXVL FBO A MULLI KNOXVILLE, TN | EDUCATIONAL SCHOLARSHIP | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES GARY | Trustee | 1 | $11,458 |
| RANDY LOCHRIDGE | Trustee | 1 | $11,458 |
| STARLA HARDIN | SELECTION COMM. | 1 | — |
| TERRI ANNE ORR | SELECTION COMM. | 1 | — |
| PINNACLE FINANCIAL-AMY FARRAR | Trustee | 1 | $9,068 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Bud Mitchum Scholarship Fund?
As of 2024, Bud Mitchum Scholarship Fund holds $1.5M in total assets with $56K in annual revenue. It awarded 4 grants totaling $32K in 2024.
Where does Bud Mitchum Scholarship Fund operate?
Bud Mitchum Scholarship Fund has awarded grants in Tennessee.
What size grants does Bud Mitchum Scholarship Fund award?
In 2024, Bud Mitchum Scholarship Fund awarded 4 grants totaling $32K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Bud Mitchum Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bud Mitchum Scholarship Fund reported a distributable amount of $89K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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