CFAB Scholarship Fund
CFAB Scholarship Fund is a private foundation focused on Education, based in Anchorage, AK. IRS filing data is available from 2019 through 2021. In 2021, it awarded 8 grants totaling $358K. Net investment income was $266.
CFAB Scholarship Fund at a glance
In short: CFAB Scholarship Fund gave $358K across 8 grants in 2021 (avg $45K), mostly in Alaska. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $357,502
- +2453.6% vs 2020
- Grants made (2021)
- 8
- +33.3% vs 2020
- Average grant
- $44,688
- +1815.2% vs 2020
- Median grant
- $2,800
- Primary geography
- Alaska (100% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated September 2026.
Who CFAB Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2021
The largest 2021 recipient was Alaska Community Foundation ($339K).
Organizations only. It also paid 7 individual scholarships ($18,050), which are not listed by name.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 21 grants of 22 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2021 grant dollars across all 8 itemized grants.
States
Cities
How CFAB Scholarship Fund gives
- In 2021 it paid out well above its IRS minimum distribution (the 5% rule). 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 2019 to 2021, annual grant giving ranged from $14K (2020) to $358K (2021). In 2021 it made 8 grants totaling $358K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Alaska Community Foundation Anchorage, AK | Grant | $339,452 |
| 7 individual scholarships Recipients not named | — | $18,050 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2021 | — | $3,186 | $364,229 | $357,502 | 8 | $361,187 | $266 | $11,822 |
| 2020 | $361,043 | $8,788 | $17,837 | $14,000 | 6 | — | $8,788 | $17,749 |
| 2019 | $370,092 | $11,775 | $23,222 | $19,500 | 8 | — | $11,775 | $18,238 |
Under IRS private-foundation payout rules, CFAB Scholarship Fund reported a distributable amount of $12K for 2021 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
CFAB Scholarship Fund is led by Lela Klingert, Chairman & Executive Director on every filing since 2019; none of the 4 officers listed in 2021 report compensation.
Officers on the 2021 filing
Lela Klingert
Chairman & Executive Director
On filings since 2019
0.3 hrs/week
No compensation reported
Deborah Levvorn
Director
On filings since 2019
0.3 hrs/week
No compensation reported
Douglas Blumer
Director
On filings since 2019
0.3 hrs/week
No compensation reported
Robert Clark
Secretary & Treasurer
On filings since 2019
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about CFAB Scholarship Fund
How much does CFAB Scholarship Fund give each year?
CFAB Scholarship Fund gave $358K across 8 grants in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $14K across 6 grants.
What is CFAB Scholarship Fund's typical grant size?
CFAB Scholarship Fund's median grant in 2021 was $2,800, and its average grant was $44,688, across 8 grants on its 2021 IRS Form 990-PF.
Where does CFAB Scholarship Fund give grants?
CFAB Scholarship Fund gives mostly in Alaska: 100% of the grant dollars itemized on its 2021 IRS Form 990-PF went to recipients there.
Does CFAB Scholarship Fund give general operating support?
Not in 2021: none of the 8 grants with a stated purpose on CFAB Scholarship Fund's 2021 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (7 grants).
What is CFAB Scholarship Fund?
CFAB Scholarship Fund is a private foundation focused on Education, based in Anchorage, AK.
How much is CFAB Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, CFAB Scholarship Fund reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is CFAB Scholarship Fund's EIN?
CFAB Scholarship Fund's EIN (Employer Identification Number) is 27-2210386. IRS Form 990 filing data is available on this page for 2019–2021.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 11, 2020)
- IRS filings on file for fiscal years 2020–2021
Live grants for the work CFAB Scholarship Fund funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in CFAB Scholarship Fund's focus areas in our free grants database
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