Clarence H Martin Scholarship

DALLAS, TX EIN: 02-6026823

Clarence H Martin Scholarship is a private foundation focused on Education, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $128K in total assets. In 2024, it awarded 2 grants totaling $4K. Net investment income was $10K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$128K

+4.5% YoY

Annual Giving

$4K

-41.7% YoY

Grant Count

-33.3% YoY

Avg Grant Size

$2K

-12.5% YoY

Under IRS private-foundation payout rules, Clarence H Martin Scholarship reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.

About Clarence H Martin Scholarship

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $10K (35%)

Vermont $8K (27%)

Maine $6K (22%)

Virginia $3K (9%)

Massachusetts $1K (4%)

Maryland $1K (4%)

States

Massachusetts Maryland Maine New York Virginia Vermont

Cities

AlbanyBiddefordBurlingtonChestertownClintonLynchburgLyndonvilleNorth Dartmouth

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$128,116	$122,624	$126,539
Revenue	$12,461	$4,921	$-3,186
Expenses	$6,845	$10,166	$13,111
Qualifying Distributions	$4,777	$8,295	$10,511
Net Investment Income	$10,330	$2,633	$661
Distributable Amount	$7,223	$7,990	$6,877

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Hamilton College ($2,000), University of Vermont ($1,500).

Recipient	Purpose	Amount
HAMILTON COLLEGE CLINTON, NY	SCHOLARSHIPS	$2,000
UNIVERSITY OF VERMONT BURLINGTON, VT	SCHOLARSHIPS	$1,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$1,754

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Clarence H Martin Scholarship?

Clarence H Martin Scholarship is a private foundation focused on Education, based in DALLAS, TX. It holds $128K in total assets as of 2024.

How large is Clarence H Martin Scholarship?

As of 2024, Clarence H Martin Scholarship holds $128K in total assets with $12K in annual revenue. It awarded 2 grants totaling $4K in 2024.

Where does Clarence H Martin Scholarship operate?

Clarence H Martin Scholarship has awarded grants in Massachusetts, Maryland, Maine, New York, Virginia, Vermont.

What size grants does Clarence H Martin Scholarship award?

In 2024, Clarence H Martin Scholarship awarded 2 grants totaling $4K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Clarence H Martin Scholarship required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Clarence H Martin Scholarship reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.