Gladys M Hess Memorial Scholarship Fund
Gladys M Hess Memorial Scholarship Fund is a private foundation, based in RUSSELLTON, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $102K in total assets. In 2024, it awarded 9 grants totaling $25K. Net investment income was $13K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$102K
-13.2% YoY
Annual Giving
$25K
+0.0% YoY
Grant Count
9
-10.0% YoY
Avg Grant Size
$3K
+11.1% YoY
Under IRS private-foundation payout rules, Gladys M Hess Memorial Scholarship Fund reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
About Gladys M Hess Memorial Scholarship Fund
Based on IRS filings
Gladys M Hess Memorial Scholarship Fund is a private foundation, based in RUSSELLTON, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $102K in total assets. In 2024, it awarded 9 grants totaling $25K. Net investment income was $13K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $101,690 | $117,213 | $132,168 |
| Revenue | $13,365 | $11,420 | $12,959 |
| Expenses | $28,888 | $26,375 | $28,625 |
| Qualifying Distributions | $25,000 | $25,000 | $25,000 |
| Net Investment Income | $13,190 | $11,245 | $12,784 |
| Distributable Amount | $5,592 | $6,380 | $8,190 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ohio University ($5,000), Kent State University ($2,500), Lock Haven University ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| KENT STATE UNIVERSITY KENT, OH | TO PROVIDE EDUCATIONAL SCHOLARSHIPS | $2,500 |
| LOCK HAVEN UNIVERSITY LOCK HAVEN, PA | TO PROVIDE EDUCATIONAL SCHOLARSHIPS | $2,500 |
| OHIO UNIVERSITY ATHENS, OH | TO PROVIDE EDUCATIONAL SCHOLARSHIPS | $5,000 |
| ROBERT MORRIS UNIVERSITY MOON TOWNSHIP, PA | TO PROVIDE EDUCATIONAL SCHOLARSHIPS | $2,500 |
| SAINT VINCENT COLLEGE LATROBE, PA | TO PROVIDE EDUCATIONAL SCHOLARSHIPS | $2,500 |
| SLIPPERY ROCK UNIVERSITY SLIPPERY ROCK, PA | TO PROVIDE EDUCATIONAL SCHOLARSHIPS | $2,500 |
| THIEL COLLEGE GREENVILLE, PA | TO PROVIDE EDUCATIONAL SCHOLARSHIPS | $2,500 |
| UPMC ST MARGARET SCHOOL OF NURSING PITTSBURGH, PA | TO PROVIDE EDUCATIONAL SCHOLARSHIPS | $2,500 |
| WESTMINSTER COLLEGE NEW WILMINGTON, PA | TO PROVIDE EDUCATIONAL SCHOLARSHIPS | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID P SIEGEL | TRUSTEE | 1 | — |
| BETSY A ZIMMERMAN | TRUSTEE | 1 | — |
Frequently Asked Questions
How large is Gladys M Hess Memorial Scholarship Fund?
As of 2024, Gladys M Hess Memorial Scholarship Fund holds $102K in total assets with $13K in annual revenue. It awarded 9 grants totaling $25K in 2024.
Where does Gladys M Hess Memorial Scholarship Fund operate?
Gladys M Hess Memorial Scholarship Fund has awarded grants in Connecticut, District of Columbia, Florida, Iowa, Ohio, Pennsylvania, Utah.
What size grants does Gladys M Hess Memorial Scholarship Fund award?
In 2024, Gladys M Hess Memorial Scholarship Fund awarded 9 grants totaling $25K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Gladys M Hess Memorial Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gladys M Hess Memorial Scholarship Fund reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gladys M Hess Memorial Scholarship Fund's EIN?
Gladys M Hess Memorial Scholarship Fund's EIN (Employer Identification Number) is 25-6400630. 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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