Founders Scholarship Fund Inc

NORFOLK, VA EIN: 45-4713485

Founders Scholarship Fund Inc is a nonprofit organization focused on Education, based in NORFOLK, VA. IRS filing data is available from 2020 through 2024. In 2024, it awarded 3 grants totaling $33K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

Annual Giving

$33K

-2.7% YoY

Grant Count

3

+50.0% YoY

Avg Grant Size

$11K

-35.1% YoY

About Founders Scholarship Fund Inc

Based on IRS filings

Founders Scholarship Fund Inc is a nonprofit organization focused on Education, based in NORFOLK, VA. IRS filing data is available from 2020 through 2024. In 2024, it awarded 3 grants totaling $33K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Cities

APPOMATTOXKAPOLEIRAMONAVIRGINIA BEACH

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.120202021202220232024
Metric202420232022
Total Assets
Revenue
Expenses
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$8K$17K$25K$34K0 grants20201 grants20212 grants20222 grants20233 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

NOAH EVJENTH$24KGRACE WRIGHT$6KLUCAS PRENDERGAST$3K

Grant Size Distribution

8 grants across all recorded years

8<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Noah Evjenth ($24,424), Grace Wright ($5,800), Lucas Prendergast ($2,522).

RecipientPurposeAmount
LUCAS PRENDERGAST VIRGINIA BEACH, VASCHOLARSHIP - FINANCIAL ASSISTANCE FOR POST-SECONDARY EDUCATION AT REGENT UNIVERSITY$2,522
NOAH EVJENTH RAMONA, CASCHOLARSHIP - FINANCIAL ASSISTANCE FOR POST-SECONDARY EDUCATION AT UC MERCED$24,424
GRACE WRIGHT VIRGINIA BEACH, VASCHOLARSHIP - FINANCIAL ASSISTANCE FOR POST-SECONDARY EDUCATION AT TIDEWATER COMMUNITY COLLEGE$5,800

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
GREGORY S LEEEXECUTIVE DIRECTOR0.5
CECIL L ACHORDDIRECTOR0.1

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Founders Scholarship Fund Inc?

Founders Scholarship Fund Inc is a nonprofit organization focused on Education, based in NORFOLK, VA. It holds — in total assets as of 2024.

Where does Founders Scholarship Fund Inc operate?

Founders Scholarship Fund Inc has awarded grants in California, Hawaii, Virginia.

What size grants does Founders Scholarship Fund Inc award?

In 2024, Founders Scholarship Fund Inc awarded 3 grants totaling $33K — an average of about $11K per grant, based on its IRS Form 990 filings.

What is Founders Scholarship Fund Inc's EIN?

Founders Scholarship Fund Inc's EIN (Employer Identification Number) is 45-4713485. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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