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.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.2M
+0.7% YoY
Annual Giving
$56K
-13.4% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$28K
-13.4% YoY
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.
About Eileen N Mahan Scholarship Fund
Based on IRS filings
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.
Focus Areas
Ready to take the next step with Eileen N Mahan Scholarship Fund?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,249,936 | $1,241,225 | $1,254,119 |
| Revenue | $93,762 | $61,115 | $-1,938 |
| Expenses | $67,644 | $73,795 | $74,782 |
| Qualifying Distributions | $59,474 | $69,548 | $69,328 |
| Net Investment Income | $87,549 | $55,894 | $27,288 |
| Distributable Amount | $73,701 | $67,624 | $62,740 |
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 2025
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Florida State University ($27,773), University of Alabama at Birmingham ($27,773).
| Recipient | Purpose | Amount |
|---|---|---|
| FLORIDA STATE UNIVERSITY Tallahassee, FL | UNRESTRICTED GENERAL | $27,773 |
| UNIVERSITY OF ALABAMA AT BIRMINGHAM BIRMINGHAM, AL | UNRESTRICTED GENERAL | $27,773 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA N A | TRUSTEE | 2 | $9,820 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Eileen N Mahan Scholarship Fund?
As of 2025, Eileen N Mahan Scholarship Fund holds $1.2M in total assets with $94K in annual revenue. It awarded 2 grants totaling $56K in 2025.
Where does Eileen N Mahan Scholarship Fund operate?
Eileen N Mahan Scholarship Fund has awarded grants in Alabama, Florida.
What size grants does Eileen N Mahan Scholarship Fund award?
In 2025, Eileen N Mahan Scholarship Fund awarded 2 grants totaling $56K — an average of about $28K per grant, based on its IRS Form 990 filings.
How much is Eileen N Mahan Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Eileen N Mahan Scholarship Fund reported a distributable amount of $74K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Eileen N Mahan Scholarship Fund's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Clementine Zacke Foundation
PALM CITY, FL
Assets
$803K
Grants
11
Total Given
$52K
Universities Research Association Inc
WASHINGTON, DC
Assets
$21.0M
Grants
21
Total Given
$328K
Illinois Prairie Community Foundation
BLOOMINGTON, IL
Assets
$27.5M
Grants
66
Total Given
$2.1M
Phoenix Foundation of Central
MERRITT ISLAND, FL
Assets
—
Grants
31
Total Given
$311K
Hartong Family Foundation
GREENWICH, CT
Assets
$3.1M
Grants
23
Total Given
$122K
The Eurasia Foundation
WASHINGTON, DC
Assets
$6.0M
Grants
12
Total Given
$1.4M
Kenneth M Begelman Md Charitable
HIGHLAND PARK, NJ
Assets
$692
Grants
4
Total Given
$42K
President and Fellows of Harvard College
CAMBRIDGE, MA
Assets
$74.4B
Grants
344
Total Given
$181.7M
Clara Lewisfirst Church of Christ 31q037017
COLUMBUS, GA
Assets
$206K
Grants
2
Total Given
$239K
Cassner Foundation
HILLSBORO, OH
Assets
—
Grants
32
Total Given
$220K
Northwestern University
EVANSTON, IL
Assets
$19.2B
Grants
375
Total Given
$122.4M
Lehigh University
BETHLEHEM, PA
Assets
$3.3B
Grants
47
Total Given
$7.0M
More Funders in New Jersey
Data last updated April 2026. Sourced from IRS Form 990-PF filings.