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.
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
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.
Grant Insights
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%).
Giving History
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 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- 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
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.
Here's the math on researching Governor's Scholars Program Foundation Inc by hand.
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