Governor's Scholars Program Foundation Inc
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.
Governor's Scholars Program Foundation Inc at a glance
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.
- Annual giving (2025)
- $224,000
- -50.2% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $224,000
- -50.2% vs 2024
- Median grant
- $224,000
- Total assets
- $5,036,455
- +18.3% vs 2024
- Primary geography
- Kentucky (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Governor's Scholars Program Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Governor's Scholars Program Inc ($224K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $65K (2020) to $500K (2019). In 2025 it made 1 grant totaling $224K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Governor's Scholars Program Inc Frankfort, KY | Assist in funding current year operations for the governor's scholars program | $224,000 |
Ready to take the next step with Governor's Scholars Program Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $5,036,455 | $1,234,787 | $513,079 | $224,000 | 1 | $523,789 |
| 2024 | $4,257,048 | $880,831 | $737,843 | $450,000 | 1 | $258,149 |
| 2023 | $3,972,731 | $558,834 | $690,202 | $425,000 | 1 | $121,233 |
| 2022 | $3,597,407 | $651,381 | $548,922 | $285,000 | 1 | $51,275 |
| 2021 | $4,012,760 | $718,246 | $589,801 | $319,577 | 1 | $96,244 |
| 2020 | $3,381,969 | $503,055 | $339,078 | $65,000 | 1 | $124,793 |
| 2019 | $2,971,384 | $606,177 | $745,882 | $500,000 | 1 | $176,872 |
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.
Focus Areas
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
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.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS August 19, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 4, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS June 12, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS June 10, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 3, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS July 14, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS July 2, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Governor's Scholars Program Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Governor's Scholars Program Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Kentucky
Kentucky Humanities Council Inc
Lexington, KY
The Kentucky Humanities Council is dedicated to telling Kentucky's story through programs and services that create a legacy of pride in the wealth of Kentucky's culture, building civic engagement, and supporting local humanities programs and events.
Assets
$7.4M
Grants
2
Total Given
$27K
The Steele-Reese Foundation
Chicago, IL
The Steele-Reese Foundation funds rural education, health, social services, arts and humanities, conservation, and historic preservation in Idaho, Montana, and Native nations in that region; in Appalachian Kentucky, it focuses on children’s education, learning-related social services, and public library programs. Its 2025 grants ranged from $5,000 to $50,000, with a median of $25,000. It accepts applications through regional processes, including a Letter of Inquiry for Idaho and Montana and a separate application for Kentucky.
Assets
$37.4M
Grants
87
Total Given
$2.1M
The Community Foundation of Louisville Inc
Louisville, KY
The Community Foundation of Louisville funds nonprofits across areas including education, arts and culture, health, and community development, with a focus on Louisville and surrounding communities while also supporting work beyond the region. Its 2025 grants ranged from $5,012 to $3,853,691, with a median of $22,987; it states that grant programs for local nonprofits use an open application and review process.
Assets
$766.9M
Grants
678
Total Given
$55.0M
Blue Grass Community Foundation Inc
Lexington, KY
Blue Grass Community Foundation funds charitable causes and community needs, including education, housing, basic assistance, and youth wellbeing, primarily in Central and Appalachia Kentucky. Its 2025 grants ranged from about $5,000 to $520,000, with a median of about $16,700; the foundation’s website describes competitive grant opportunities but does not state whether it accepts unsolicited requests.
Assets
$296.2M
Grants
514
Total Given
$20.7M
LG&E and Ku Foundation Inc
Louisville, KY
The foundation funds community organizations in economic development, education, the environment, and diversity, as well as event sponsorships and tree-planting grants, primarily in communities served by LG&E and KU. Its 2025 grants ranged from $100 to $749,000, with a median of $2,500; 96% of grant dollars went to Kentucky. It accepts community grant applications through its online portal in March and October.
Assets
$22.0M
Grants
497
Total Given
$4.3M
The Community Foundation of Louisville Depository Inc
Louisville, KY
The Community Foundation of Louisville supports a broad range of causes, including arts, parks, education, social services, and libraries, with most 2025 grant dollars going to Kentucky organizations. Its 2025 grants had a median of $15,200 and ranged from $5,100 to over $2.3 million; the available information does not say whether it accepts unsolicited requests.
Assets
$24.0M
Grants
421
Total Given
$20.5M
More similar funders
More Funders in Kentucky
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Governor's Scholars Program Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Governor's Scholars Program Foundation Inc down — hundreds of funders to go?