Frank Hale Scholarship Trust 237-3008002

KNOXVILLE, TN EIN: 62-6099395

Frank Hale Scholarship Trust 237-3008002 is a private foundation, based in KNOXVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $902K in total assets. In 2024, it awarded 3 grants totaling $47K. Net investment income was $51K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$902K

-0.5% YoY

Annual Giving

$47K

-2.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$16K

-2.6% YoY

Under IRS private-foundation payout rules, Frank Hale Scholarship Trust 237-3008002 reported a distributable amount of $60K for 2024 — the minimum it must pay out in qualifying distributions.

About Frank Hale Scholarship Trust 237-3008002

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Tennessee $142K (67%)

North Carolina $71K (33%)

States

North Carolina Tennessee

Cities

Banner ElkBristolRogersville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$901,987	$906,246	$918,037
Revenue	$60,876	$55,393	$50,201
Expenses	$65,604	$65,659	$73,480
Qualifying Distributions	$55,832	$56,610	$63,806
Net Investment Income	$51,103	$46,191	$40,471
Distributable Amount	$59,984	$55,352	$56,906

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Lees Mcrae College ($15,700), King University ($15,700), Rogersville Presbyterian Church ($15,700).

Recipient	Purpose	Amount
LEES MCRAE COLLEGE BANNER ELK, NC	OPERATIONAL	$15,700
KING UNIVERSITY BRISTOL, TN	OPERATIONAL	$15,700
ROGERSVILLE PRESBYTERIAN CHURCH ROGERSVILLE, TN	OPERATIONAL	$15,700

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Frequently Asked Questions

How large is Frank Hale Scholarship Trust 237-3008002?

As of 2024, Frank Hale Scholarship Trust 237-3008002 holds $902K in total assets with $61K in annual revenue. It awarded 3 grants totaling $47K in 2024.

Where does Frank Hale Scholarship Trust 237-3008002 operate?

Frank Hale Scholarship Trust 237-3008002 has awarded grants in North Carolina, Tennessee.

What size grants does Frank Hale Scholarship Trust 237-3008002 award?

In 2024, Frank Hale Scholarship Trust 237-3008002 awarded 3 grants totaling $47K — an average of about $16K per grant, based on its IRS Form 990 filings.

How much is Frank Hale Scholarship Trust 237-3008002 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank Hale Scholarship Trust 237-3008002 reported a distributable amount of $60K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2020–2024.