Eileen N Mahan Scholarship Fund
Eileen N Mahan Scholarship Fund is a private foundation focused on Education, based in Pennington, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 2 grants totaling $56K. Net investment income was $88K.
Eileen N Mahan Scholarship Fund at a glance
In short: Eileen N Mahan Scholarship Fund gave $56K across 2 grants in 2025 (avg $28K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $55,546
- -13.4% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $27,773
- -13.4% vs 2024
- Median grant
- $27,773
- Total assets
- $1,249,936
- +0.7% vs 2024
- Primary geography
- Florida (50% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Eileen N Mahan Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Florida State University ($28K). Together the top 2 received $56K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Eileen N Mahan Scholarship Fund gives
- Giving held roughly steady from 2022 to 2025 (−13%). Method
- In 2025 it paid out 81% 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 $55K (2020) to $64K (2024). In 2025 it made 2 grants totaling $56K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Florida State University Tallahassee, FL | Unrestricted General | $27,773 |
| University of Alabama at Birmingham Birmingham, AL | Unrestricted General | $27,773 |
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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 | $1,249,936 | $93,762 | $67,644 | $55,546 | 2 | $59,474 | $87,549 | $73,701 |
| 2024 | $1,241,225 | $61,115 | $73,795 | $64,126 | 2 | $69,548 | $55,894 | $67,624 |
| 2023 | $1,254,119 | $-1,938 | $74,782 | $64,126 | 2 | $69,328 | $27,288 | $62,740 |
| 2022 | $1,341,964 | $125,128 | $77,658 | $64,126 | 2 | $70,018 | $120,908 | $69,951 |
| 2021 | $1,283,478 | $162,302 | $66,737 | $55,900 | 2 | — | $158,281 | $69,876 |
| 2020 | $1,140,280 | $101,601 | $64,263 | $54,942 | 2 | — | $97,959 | $60,752 |
Under IRS private-foundation payout rules, Eileen N Mahan Scholarship Fund reported a distributable amount of $74K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Eileen N Mahan Scholarship Fund's only listed officer is Bank Of America N A, Trustee on every filing since 2021 (compensated).
Officers on the 2025 filing
Bank Of America N A
Trustee
On filings since 2021
2 hrs/week
$10K (2021) → $10K (2025)
Former officers (1)
- Former: Bank Of America (2020) — 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 $10K, to Bank of America N a (Trustee).
Frequently asked questions about Eileen N Mahan Scholarship Fund
How much does Eileen N Mahan Scholarship Fund give each year?
Eileen N Mahan Scholarship Fund gave $56K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $64K across 2 grants.
How large is Eileen N Mahan Scholarship Fund?
Eileen N Mahan Scholarship Fund reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $59K in qualifying distributions that year, against a required minimum of $74K (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.
What is Eileen N Mahan Scholarship Fund?
Eileen N Mahan Scholarship Fund is a private foundation focused on Education, based in Pennington, NJ. It holds $1.2M in total assets as of 2025.
Where does Eileen N Mahan Scholarship Fund operate?
Eileen N Mahan Scholarship Fund has awarded grants in Alabama, Florida.
What is Eileen N Mahan Scholarship Fund's EIN?
Eileen N Mahan Scholarship Fund's EIN (Employer Identification Number) is 59-7158823. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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