Frank B Fay III Scholarship Foundation

SARASOTA, FL EIN: 65-6276425

To support Kinnelon High School through scholarships

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$744K

+12.3% YoY

Annual Giving

$40K

+14.3% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$40K

+14.3% YoY

About Frank B Fay III Scholarship Foundation

Based on IRS filings

Frank B Fay III Scholarship Foundation is a nonprofit organization focused on Education, based in SARASOTA, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $744K in total assets. In 2024, it awarded 1 grants totaling $40K. Net investment income was $145K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

Kinnelon

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$40K$80K$120K$160K20202021202220232024
Metric202420232022
Total Assets$744,175$662,895$673,431
Revenue$145,040$44,589$51,992
Expenses$63,760$55,125$62,296
Qualifying Distributions
Net Investment Income$145,040$44,589$51,992
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$11K$23K$34K$45K1 grants20201 grants20211 grants20221 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Kinnelon High School$40K

Grant Size Distribution

5 grants across all recorded years

5<$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 Kinnelon High School ($40,000).

RecipientPurposeAmount
Kinnelon High School Kinnelon, NJGeneral$40,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Caldwell Trust CompanyTrustee$22K

From 2024 filing

NameTitleHoursCompensation
Caldwell Trust CompanyTrustee1$22,090

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Frank B Fay III Scholarship Foundation?

Frank B Fay III Scholarship Foundation is a nonprofit organization focused on Education, based in SARASOTA, FL. It holds $744K in total assets as of 2024.

How large is Frank B Fay III Scholarship Foundation?

As of 2024, Frank B Fay III Scholarship Foundation holds $744K in total assets with $145K in annual revenue. It awarded 1 grants totaling $40K in 2024.

Where does Frank B Fay III Scholarship Foundation operate?

Frank B Fay III Scholarship Foundation has awarded grants in New Jersey.

What size grants does Frank B Fay III Scholarship Foundation award?

In 2024, Frank B Fay III Scholarship Foundation awarded 1 grants totaling $40K — an average of about $40K per grant, based on its IRS Form 990 filings.

What is Frank B Fay III Scholarship Foundation's EIN?

Frank B Fay III Scholarship Foundation's EIN (Employer Identification Number) is 65-6276425. 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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