Dr Francis McNaught Scholarship Fund
Dr Francis McNaught Scholarship Fund is a private foundation, based in Eagan, MN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $818K in total assets. In 2025, it awarded 1 grant totaling $40K. Net investment income was $91K.
Dr Francis McNaught Scholarship Fund at a glance
In short: Dr Francis McNaught Scholarship Fund gave $40K across 1 grant in 2025 (avg $40K), mostly in Colorado. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $40,000
- +100.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $40,000
- +100.0% vs 2024
- Median grant
- $40,000
- Total assets
- $818,158
- +6.5% vs 2024
- Primary geography
- Colorado (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Dr Francis McNaught Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was University of Colorado Foundation ($40K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Dr Francis McNaught Scholarship Fund gives
- Giving grew 100% from 2022 to 2025. Method
- In 2025 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2025, annual grant giving ranged from $20K (2022) to $93K (2020). In 2025 it made 1 grant totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Colorado Foundation Denver, CO | General Operating | $40,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $818,158 | $101,581 | $51,793 | $40,000 | 1 | $41,131 | $91,112 | $44,451 |
| 2024 | $768,376 | $32,835 | $33,671 | $20,000 | 1 | $24,024 | $12,454 | $41,311 |
| 2023 | $769,035 | $19,596 | $81,022 | $60,000 | 1 | $60,940 | $10,930 | $38,315 |
| 2022 | $805,568 | $84,780 | $47,329 | $20,000 | 1 | $36,933 | $75,320 | $42,005 |
| 2021 | $888,394 | $103,247 | $71,768 | $33,250 | 1 | — | $92,143 | $43,509 |
| 2020 | $861,922 | $105,824 | $115,495 | $93,358 | 1 | — | $96,208 | $39,603 |
Under IRS private-foundation payout rules, Dr Francis McNaught Scholarship Fund reported a distributable amount of $44K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Dr Francis McNaught Scholarship Fund's only listed officer is US Bank N A, Trustee on every filing since 2024 (compensated).
Officers on the 2025 filing
US Bank N A
Trustee
On filings since 2024
1 hr/week
$10K (2024) → $11K (2025)
Former officers (4)
- Former: US Bank (2023) — Trustee
- Former: Denver Medical Society (2020–2022) — Co-Trustee
- Former: Wells Fargo Bank N A (2020–2022) — Trustee
- Former: U S Bank N A (2022) — Trustee
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
The highest reported compensation on the 2025 filing was $11K, to US Bank N a (Trustee).
Frequently asked questions about Dr Francis McNaught Scholarship Fund
How much does Dr Francis McNaught Scholarship Fund give each year?
Dr Francis McNaught Scholarship Fund gave $40K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $20K across 1 grant.
How large is Dr Francis McNaught Scholarship Fund?
Dr Francis McNaught Scholarship Fund reported $818K in total assets on its 2025 IRS Form 990-PF. It paid out $41K in qualifying distributions that year, against a required minimum of $44K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Dr Francis McNaught Scholarship Fund operate?
Dr Francis McNaught Scholarship Fund has awarded grants in Colorado.
What is Dr Francis McNaught Scholarship Fund's EIN?
Dr Francis McNaught Scholarship Fund's EIN (Employer Identification Number) is 84-6020606. 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.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 10, 2026)
- IRS filings on file for fiscal years 2020–2024
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