Carmell Scholarship Fund is a private foundation focused on Education, based in Pittsburgh, PA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $521K in total assets. In 2025, it awarded 15 grants totaling $21K. Net investment income was $46K.
Key facts about Carmell Scholarship Fund
In short: Carmell Scholarship Fund gave $21K across 15 grants in 2025 (avg $1K), mostly in Michigan. Source: 2025 IRS Form 990-PF.
- EIN
- 34-7196952
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $21,137
- Grants made (2025)
- 15
- Average grant
- $1,409
- Median grant
- $1,404
- Total assets
- $520,566
- Primary geography
- Michigan (87% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$521K
+2.8% YoY
Annual Giving
$21K
-6.3% YoY
Grant Count
15
-6.3% YoY
Avg Grant Size
$1K
-0.1% YoY
Under IRS private-foundation payout rules, Carmell Scholarship Fund reported a distributable amount of $30K for 2025 — the minimum it must pay out in qualifying distributions.
How Carmell Scholarship Fund gives
- Giving fell 31% from 2022 to 2025. Method
- In 2025 it paid out 105% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 15 itemized 2025 grant dollars.
States
Cities
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 2025
Grant Size Distribution
79 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| CALVIN UNIVERSITY FBO LINDSAY HART Grand Rapids, MI | SCHOLARSHIP | $1,449 |
| HOPE COLLEGE FBO GLORIA KOZAK Holland, MI | SCHOLARSHIP | $1,449 |
| SAGINAW VALLEY STATE UNIV AVERY University Center, MI | SCHOLARSHIP | $1,448 |
| UNIV OF LOUISVILLE FBO SOPHIA A SOWER Louisville, KY | SCHOLARSHIP | $1,405 |
| SAGINAW VALLEY STATE UNIV FBO JORDYN R Pittsburgh, PA | SCHOLARSHP | $1,405 |
| UNIV OF MICHIGAN FBO JEANA A TRAVIS Ann Arbor, MI | SCHOLARSHIP | $1,405 |
| OAKLAND UNIV FBO OLIVIA J KOZIELSKI Rochester, MI | SCHOLARSHIP | $1,404 |
| HOPE COLLEGE FBO ALYSSA G RENTSCH Holland, MI | SCHOLARSHIP | $1,404 |
| SAGINAW VALLEY STATE UNIV FBO CLAIRE University Center, MI | SCHOLARSHP | $1,400 |
| WESTERN MICHIGAN UNIV FBO OWEN BREY Kalamazoo, MI | SCHOLARSHIP | $1,400 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $520,566 | $506,245 | $518,883 |
| Revenue | $51,095 | $22,478 | $7,762 |
| Expenses | $36,895 | $34,885 | $33,341 |
| Qualifying Distributions | $31,225 | $29,914 | $29,442 |
| Net Investment Income | $45,783 | $17,325 | $8,911 |
| Distributable Amount | $29,657 | $28,482 | $29,465 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 21, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 17, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 29, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 3, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 12, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Carmell Scholarship Fund's only listed officer is PNC Bank NA, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
PNC Bank NA
Trustee
On filings since 2020
1 hr/week
$8K (2020) → $9K (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
Frequently asked questions about Carmell Scholarship Fund
How much does Carmell Scholarship Fund give each year?
Carmell Scholarship Fund gave $21K across 15 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23K across 16 grants.
What is Carmell Scholarship Fund's typical grant size?
Carmell Scholarship Fund's median grant in 2025 was $1,404, and its average grant was $1,409, across 15 grants on its 2025 IRS Form 990-PF.
Where does Carmell Scholarship Fund give grants?
Carmell Scholarship Fund gives mostly in Michigan: 87% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Kentucky (7%) and Pennsylvania (7%). The most frequent recipient cities were University Center, MI (5 grants), Holland, MI (2 grants) and Rochester, MI (2 grants).
Does Carmell Scholarship Fund give general operating support?
Not in 2025: none of the 15 grants with a stated purpose on Carmell Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (13 grants).
Who are Carmell Scholarship Fund's largest grantees?
Carmell Scholarship Fund's largest 2025 grantees include Calvin University FBO Lindsay Hart ($1,449), Hope College FBO Gloria Kozak ($1,449) and Saginaw Valley State Univ Avery ($1,448), according to its 2025 IRS Form 990-PF. Together they received 21% of its itemized 2025 grant dollars.
How large is Carmell Scholarship Fund?
Carmell Scholarship Fund reported $521K in total assets on its 2025 IRS Form 990-PF. It paid out $31K in qualifying distributions that year, against a required minimum of $30K (roughly 5% of its investment assets).
What is Carmell Scholarship Fund?
Carmell Scholarship Fund is a private foundation focused on Education, based in Pittsburgh, PA. It holds $521K in total assets as of 2025.
What is Carmell Scholarship Fund's EIN?
Carmell Scholarship Fund's EIN (Employer Identification Number) is 34-7196952. 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.
Here's the math on researching Carmell Scholarship Fund by hand.
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