Governor's Scholars Program Foundation Inc logo

Governor's Scholars Program Foundation Inc

Public charity · Grantmaker Frankfort, KY EIN: 61-1393028 Website

To raise and manage financial support for the governor's scholars program, inc. (GSP), as well as to provide planned giving opportunities for donors who are interested in supporting GSP.

Key facts about Governor's Scholars Program Foundation Inc

In short: Governor's Scholars Program Foundation Inc gave $224K across 1 grant in 2025 (avg $224K), mostly in Kentucky. Source: 2025 IRS Form 990.

EIN
61-1393028
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$224,000
Grants made (2025)
1
Average grant
$224,000
Median grant
$224,000
Total assets
$5,036,455
Primary geography
Kentucky (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$5.0M

+18.3% YoY

Annual Giving

$224K

-50.2% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$224K

-50.2% YoY

How Governor's Scholars Program Foundation Inc gives

  • Giving fell 21% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Governor's Scholars Program Foundation Inc

Based on IRS filings

Governor's Scholars Program Foundation Inc is a public charity, based in Frankfort, KY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $5.0M in total assets. In 2025, it awarded 1 grant totaling $224K. Net investment income was $524K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Frankfort

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K1 grant2019 1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $65K (2020) to $500K (2019). In 2025 it made 1 grant totaling $224K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Governor's Scholars Program Inc: $224KGovernor's Scholars ProgramInc$224K

The largest 2025 recipient was Governor's Scholars Program Inc ($224K).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K1$100–250K4$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $250–500K range: 4 grants of 5 (80%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Governor's Scholars Program Inc Frankfort, KYAssist in funding current year operations for the governor's scholars program$224,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$5,036,455$4,257,048$3,972,731
Revenue$1,234,787$880,831$558,834
Expenses$513,079$737,843$690,202
Net Investment Income$523,789$258,149$121,233

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS August 19, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS August 4, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS June 12, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS June 10, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS June 3, 2025)
  6. Added Form 990 for fiscal year 2019 (received by the IRS July 14, 2020)
  7. Added Form 990 for fiscal year 2025 (received by the IRS July 2, 2026)
  8. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Governor's Scholars Program Foundation Inc is led by Doug Draut, President & Secretary on every filing since 2019; 1 of 10 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Doug Draut

    President & Secretary

    On filings since 2019

    40 hrs/week

    $115K (2021) → $129K (2025)

  • Alan Stein

    Chair

    On filings since 2021

    0.5 hrs/week

    No compensation reported

  • Trey Grayson

    Board Member

    Board Member → Gsp Chair, 2021

    Gsp Chair → Board Member, 2024

    On filings since 2019

    0.3 hrs/week

    No compensation reported

  • Vince Gabbert

    Vice Chair

    On filings since 2019

    0.5 hrs/week

    No compensation reported

  • Wayne M. Martin

    Board Member

    On filings since 2019

    0.3 hrs/week

    No compensation reported

  • William Malone

    Treasurer

    On filings since 2019

    0.5 hrs/week

    No compensation reported

  • Laura Coleman Pritchard

    Board Member

    On filings since 2021

    0.3 hrs/week

    No compensation reported

  • Srini Matam

    Board Member

    On filings since 2023

    0.3 hrs/week

    No compensation reported

  • Anne McKune

    Board Member

    New on the 2025 filing

    0.3 hrs/week

    No compensation reported

  • Leslie Fugate

    Board Member

    New on the 2025 filing

    0.3 hrs/week

    No compensation reported

Former officers (7)
  • Former: Harold H. Hal Smith (2021–2024) — Board Member
  • Former: Mike Buckentin (2023–2024) — Board Member
  • Former: Christen McDonough Boone (2019–2020) — Chair
  • Former: Eric G. Farris (2019–2020) — Board Member
  • Former: Jim Booth (2019–2020) — Board Member
  • Former: Neil Ramsey (2019–2020) — Board Member
  • Former: Alice Sparks (2019) — Board Member

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

Doug Draut — President/Secretary: $129KDoug DrautPresident/Secretary$129K

The highest reported compensation on the 2025 filing was $129K, to Doug Draut (President/Secretary).

Frequently asked questions about Governor's Scholars Program Foundation Inc

How much does Governor's Scholars Program Foundation Inc give each year?

Governor's Scholars Program Foundation Inc gave $224K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $450K across 1 grant.

How large is Governor's Scholars Program Foundation Inc?

Governor's Scholars Program Foundation Inc reported $5.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.2M.

Where does Governor's Scholars Program Foundation Inc operate?

Governor's Scholars Program Foundation Inc has awarded grants in Kentucky.

What is Governor's Scholars Program Foundation Inc's EIN?

Governor's Scholars Program Foundation Inc's EIN (Employer Identification Number) is 61-1393028. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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