FW Johnston Scholarship Fund

Private foundation · Grantmaker Orlando, FL EIN: 54-6456401

FW Johnston Scholarship Fund is a private foundation based in Orlando, Florida. Its 2025 filing reports scholarships to students and general operating grants to two Virginia recipients; the filing states that awards are restricted to students from the Roanoke Valley and Giles County areas of Virginia.

Key facts about FW Johnston Scholarship Fund

In short: FW Johnston Scholarship Fund gave $69K across 12 grants in 2025 (avg $6K), mostly in Virginia. Source: 2025 IRS Form 990-PF.

EIN
54-6456401
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$69,397
Grants made (2025)
12
Average grant
$5,783
Median grant
$6,032
Total assets
$1,487,825
Primary geography
Virginia (100% of itemized 2025 grant dollars)
How to apply
The foundation does not restrict giving to preselected organizations. Full details ↓
Deadline
None.

Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.5M

+10.8% YoY

Annual Giving

$69K

+27.2% YoY

Grant Count

12

+50.0% YoY

Avg Grant Size

$6K

-15.2% YoY

Under IRS private-foundation payout rules, FW Johnston Scholarship Fund reported a distributable amount of $89K for 2025 — the minimum it must pay out in qualifying distributions.

How FW Johnston Scholarship Fund gives

  • Giving held roughly steady from 2022 to 2025 (−14%). Method
  • In 2025 it paid out 90% 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.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Grantmaking

In filing year 2025, the fund made 12 grants totaling $69,397. Grant amounts ranged from $294 to $9,712, with a median of $6,032. The largest awards included $9,712 to Paloma L, $9,148 to Charles B, $8,409 to Tekoah J, and $8,354 to Austin C Nielsen, each for scholarships. Other grants included $4,858 to Giles County Historical Society and $1,388 to Trustees First Presbyterian Church, both for general operating support.

Review Cycle

None.

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Geographic Focus

Where this funder awards grants

The filing states that awards are restricted to students from the Roanoke Valley and Giles County areas of Virginia. All grant dollars reported for 2025 went to recipients in Virginia.

Grant Distribution by State

1state

Share of 2025 grant dollars across all 12 itemized grants.

States

Cities

RoanokePearisburgHampden SydneySalemBridgewaterHarrisonburgOakwoodSweet BriarBuena VistaFairfaxFarmvilleFerrumMartinsvilleNorfolk

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K6 grants2019 10 grants2020 12 grants2021 13 grants2022 11 grants2023 8 grants2024 12 grants2025

From 2019 to 2025, annual grant giving ranged from $36K (2020) to $126K (2019). In 2025 it made 12 grants totaling $69K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Paloma L: $10KPaloma L$10KCharles B: $9KCharles B$9KTekoah J: $8KTekoah J$8KMadison N: $6KMadison N$6KMason J: $6KMason J$6KIsabell L: $6KIsabell L$6KGiles County Historical Society: $5KGiles County HistoricalSociety$5KAva N: $3KAva N$3KTrustees First Presbyterian Church: $1KTrustees First PresbyterianChurch$1KSophia I: $294Sophia I$294

The largest 2025 recipient was Paloma L ($10K). Together the top 10 received $55K.

Organizations only. It also paid 2 individual scholarships ($13,930), which are not listed by name.

Grant Size Distribution

56 grants across all recorded years

56<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 56 grants of 56 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Paloma L Roanoke, VAScholarship$9,712
Charles B Hampdensydney, VAScholarship$9,148
Tekoah J Salem, VAScholarship$8,409
2 individual scholarships Recipients not named —$13,930
Madison N Salem, VAScholarship$6,358
Mason J Hampdensydney, VAScholarship$6,111
Isabell L Roanoke, VAScholarship$5,952
Giles County Historical Society Pearisburg, VAGeneral Operating$4,858
Ava N Sweet Briar, VAScholarship$3,237
Trustees First Presbyterian Church Roanoke, VAGeneral Operating$1,388

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2025 $1,487,825 $257,150 $91,738 $69,397 (12)
2024 $1,343,234 $176,025 $77,078 $54,570 (8)
2023 $1,244,238 $126,125 $98,288 $67,418 (11)
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,487,825$1,343,234$1,244,238
Revenue$257,150$176,025$126,125
Expenses$91,738$77,078$98,288
Qualifying Distributions$80,316$65,382$84,459
Net Investment Income$128,757$166,572$112,274
Distributable Amount$89,262$80,209$78,511

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 18, 2025)
  2. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
  3. Added Form 990-PF for fiscal year 2019 (received by the IRS May 7, 2020)
  4. Updated Form 990-PF for fiscal year 2020 (received by the IRS October 5, 2021)
  5. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 4, 2022)
  6. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 1, 2023)
  7. Updated Form 990-PF for fiscal year 2023 (received by the IRS April 17, 2024)

Leadership & Key People

Leadership team and compensation from IRS filings

Truist Bank is listed as trustee on the 2025 filing.

FW Johnston Scholarship Fund's only listed officer is Truist Bank, Trustee on every filing since 2021 (compensated).

Officers on the 2025 filing

  • Truist Bank

    Trustee

    On filings since 2021

    1 hr/week

    $28K (2021) → $14K (2025)

Former officers (1)
  • Former: Truist Bank FKA Suntrust Bank (2019–2020) — Trustee

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

Truist Bank — Trustee: $14KTruist BankTrustee$14K

The highest reported compensation on the 2025 filing was $14K, to Truist Bank (Trustee).

Contact

Application contact: Truist Bank
Mailing address: 919 E Main St 8Th Floor, Richmond, VA 23219
Phone: (804) 782-5464

Frequently asked questions about FW Johnston Scholarship Fund

How much does FW Johnston Scholarship Fund give each year?

FW Johnston Scholarship Fund gave $69K across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $55K across 8 grants.

What is FW Johnston Scholarship Fund's typical grant size?

FW Johnston Scholarship Fund's median grant in 2025 was $6,032, and its average grant was $5,783, across 12 grants on its 2025 IRS Form 990-PF.

Where does FW Johnston Scholarship Fund give grants?

FW Johnston Scholarship Fund gives mostly in Virginia: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Roanoke, VA (4 grants), Hampdensydney, VA (2 grants) and Salem, VA (2 grants).

Does FW Johnston Scholarship Fund give general operating support?

Yes: 17% of FW Johnston Scholarship Fund's 2025 grants with a stated purpose (2 of 12) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Scholarship" (10 grants).

Who are FW Johnston Scholarship Fund's largest grantees?

FW Johnston Scholarship Fund's largest 2025 grantees include Paloma L ($9,712), Charles B ($9,148) and Tekoah J ($8,409), according to its 2025 IRS Form 990-PF. It also paid 2 individual scholarships ($13,930), which are not listed by name. Together they received 39% of its itemized 2025 grant dollars.

How large is FW Johnston Scholarship Fund?

FW Johnston Scholarship Fund reported $1.5M in total assets on its 2025 IRS Form 990-PF. It paid out $80K in qualifying distributions that year, against a required minimum of $89K (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.

How do I apply for a grant from FW Johnston Scholarship Fund?

The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is FW Johnston Scholarship Fund's EIN?

FW Johnston Scholarship Fund's EIN (Employer Identification Number) is 54-6456401. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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