Frank Hale Scholarship Trust 237-3008002
Frank Hale Scholarship Trust 237-3008002 is a private foundation, based in Knoxville, TN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $894K in total assets. In 2025, it awarded 3 grants totaling $51K. Net investment income was $53K.
Frank Hale Scholarship Trust 237-3008002 at a glance
In short: Frank Hale Scholarship Trust 237-3008002 gave $51K across 3 grants in 2025 (avg $17K), mostly in Tennessee. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $51,252
- +8.8% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $17,084
- +8.8% vs 2024
- Median grant
- $17,084
- Total assets
- $893,701
- -0.9% vs 2024
- Primary geography
- Tennessee (67% 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 Frank Hale Scholarship Trust 237-3008002 funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Lees McRae College ($17K). Together the top 3 received $51K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Frank Hale Scholarship Trust 237-3008002 gives
- Giving held roughly steady from 2022 to 2025 (−7%). Method
- In 2025 it paid out 95% 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 2019 to 2025, annual grant giving ranged from $16K (2020) to $55K (2022). In 2025 it made 3 grants totaling $51K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lees McRae College Banner Elk, NC | Operational | $17,084 |
| King University Bristol, TN | Operational | $17,084 |
| Rogersville Presbyterian Church ATT Sarah Leroy Rogersville, TN | Operational | $17,084 |
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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 | $893,701 | $62,898 | $70,519 | $51,252 | 3 | $60,323 | $52,702 | $63,399 |
| 2024 | $901,987 | $60,876 | $65,604 | $47,100 | 3 | $55,832 | $51,103 | $59,984 |
| 2023 | $906,246 | $55,393 | $65,659 | $48,360 | 3 | $56,610 | $46,191 | $55,352 |
| 2022 | $918,037 | $50,201 | $73,480 | $55,260 | 3 | $63,806 | $40,471 | $56,906 |
| 2021 | $942,468 | $61,759 | $66,175 | $46,692 | 3 | $55,868 | $51,452 | $64,434 |
| 2020 | $947,527 | $64,063 | $33,643 | $15,819 | 3 | — | $55,508 | $54,883 |
| 2019 | $916,781 | $36,848 | $55,787 | $41,207 | 3 | — | $29,490 | $52,796 |
Under IRS private-foundation payout rules, Frank Hale Scholarship Trust 237-3008002 reported a distributable amount of $63K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Frank Hale Scholarship Trust 237-3008002's only listed officer is First Horizon Bank, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
First Horizon Bank
Trustee
On filings since 2019
$14K (2019) → $18K (2025)
Data from IRS Form 990 filings, 2019–2025. "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 $18K, to First Horizon Bank (Trustee).
Frequently asked questions about Frank Hale Scholarship Trust 237-3008002
How much does Frank Hale Scholarship Trust 237-3008002 give each year?
Frank Hale Scholarship Trust 237-3008002 gave $51K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $47K across 3 grants.
What is Frank Hale Scholarship Trust 237-3008002's typical grant size?
Frank Hale Scholarship Trust 237-3008002's median grant in 2025 was $17,084, and its average grant was $17,084, across 3 grants on its 2025 IRS Form 990-PF.
Where does Frank Hale Scholarship Trust 237-3008002 give grants?
Frank Hale Scholarship Trust 237-3008002 gives mostly in Tennessee: 67% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was North Carolina (33%).
Does Frank Hale Scholarship Trust 237-3008002 give general operating support?
Yes: 100% of Frank Hale Scholarship Trust 237-3008002's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Frank Hale Scholarship Trust 237-3008002?
Frank Hale Scholarship Trust 237-3008002 reported $894K in total assets on its 2025 IRS Form 990-PF. It paid out $60K in qualifying distributions that year, against a required minimum of $63K (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 Frank Hale Scholarship Trust 237-3008002's EIN?
Frank Hale Scholarship Trust 237-3008002's EIN (Employer Identification Number) is 62-6099395. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 1, 2025)
- Added Form 990-PF for fiscal year 2019 (received by the IRS August 17, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
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