Chairman's Scholarship Foundation
Chairman’s Scholarship Foundation is a private foundation based in Houston, Texas. Its 2024 grants supported scholarships through Scholarship America and Texas Southern University.
Chairman's Scholarship Foundation at a glance
In short: Chairman's Scholarship Foundation gave $187K across 2 grants in 2024 (avg $94K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $187,000
- -55.4% vs 2023
- Grants made (2024)
- 2
- -33.3% vs 2023
- Average grant
- $93,500
- -33.1% vs 2023
- Median grant
- $93,500
- Total assets
- $2,941,202
- +4.1% vs 2023
- Primary geography
- Minnesota (73% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Chairman's Scholarship Foundation
- How to Apply
-
Submit the application and essay online. The foundation does not restrict giving to preselected organizations.
- Review Cycle
- February 28 of each calendar year.
- Deadline
- February 28 of each calendar year.
- Contact
Application contact: Scholarship America
Mailing address: One Scholarship Way, Saint Peter, MN 56082
Phone: (507) 931-1682
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Chairman's Scholarship Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Scholarship America ($137K). Together the top 2 received $187K.
Grant Size Distribution
66 grants across all recorded years
The most common grant size was under $50K: 61 grants of 66 (92%).
Geographic Focus
Where this funder awards grants
The foundation’s 2024 grant dollars went to recipients in Minnesota (73%) and Texas (27%).
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Chairman's Scholarship Foundation gives
- Giving grew 113% from 2021 to 2024. Method
- In 2024 it paid out 138% of 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 2020 to 2024, annual grant giving ranged from $52K (2022) to $419K (2023). In 2024 it made 2 grants totaling $187K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Scholarship America St Peter, MN | Scholarship | $137,000 |
| Texas Southern University Houston, TX | Milton Carroll Legacy Scholarship | $50,000 |
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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 | $2,941,202 | $313,642 | $199,098 | $187,000 | 2 | $199,088 | $138,699 | $144,075 |
| 2023 | $2,826,658 | $396,053 | $470,366 | $419,000 | 3 | $431,490 | $127,765 | $138,442 |
| 2022 | $2,900,971 | $231,982 | $64,393 | $52,000 | 13 | $52,000 | $38,502 | $139,456 |
| 2021 | $2,733,382 | $165,295 | $89,079 | $88,000 | 22 | $84,000 | $701 | $131,513 |
| 2020 | $2,657,166 | $231,495 | $114,479 | $104,000 | 26 | — | $9,686 | $131,353 |
Under IRS private-foundation payout rules, Chairman's Scholarship Foundation reported a distributable amount of $144K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Grantmaking
In 2024, the foundation gave $187,000 through two grants. Grant amounts ranged from $50,000 to $137,000, with a median of $93,500. The largest grant was $137,000 to Scholarship America for scholarships; Texas Southern University received $50,000 for the Milton Carroll Legacy Scholarship.
The foundation’s filing says applicants must complete an online application and a two-page essay detailing their community volunteer work. Recipients are chosen based on volunteer work for community service organizations.
Leadership & Key People
Officers and directors from IRS filings
Chairman's Scholarship Foundation is led by Gloria L. Bounds, Trustee on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Gloria L. Bounds
Trustee
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: Theresa Janda (2020) — Trustee
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.
Frequently asked questions about Chairman's Scholarship Foundation
How much does Chairman's Scholarship Foundation give each year?
Chairman's Scholarship Foundation gave $187K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $419K across 3 grants.
How large is Chairman's Scholarship Foundation?
Chairman's Scholarship Foundation reported $2.9M in total assets on its 2024 IRS Form 990-PF. It paid out $199K in qualifying distributions that year, against a required minimum of $144K (roughly 5% of its investment assets).
How do I apply for a grant from Chairman's Scholarship Foundation?
Submit the application and essay online. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Chairman's Scholarship Foundation make grants?
The foundation’s 2024 grant dollars went to recipients in Minnesota (73%) and Texas (27%).
What is Chairman's Scholarship Foundation's EIN?
Chairman's Scholarship Foundation's EIN (Employer Identification Number) is 76-0321771. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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