Governor's Scholars Program
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
- EIN
- 61-1393028
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $450,000
- Grants made (2024)
- 1
- Average grant
- $450,000
- Median grant
- $450,000
- Total assets
- $4,257,048
- Primary geography
- Kentucky (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Governor's Scholars Program gives
- Giving grew 41% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Governor's Scholars Program
- How to evaluate Governor's Scholars Program as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.3M
+7.2% YoY
Annual Giving
$450K
+5.9% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$450K
+5.9% YoY
About Governor's Scholars Program
Based on IRS filings
Governor's Scholars Program is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Frankfort, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 1 grant totaling $450K. Net investment income was $258K.
Focus Areas
Ready to take the next step with Governor's Scholars Program?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,257,048 | $3,972,731 | $3,597,407 |
| Revenue | $880,831 | $558,834 | $651,381 |
| Expenses | $737,843 | $690,202 | $548,922 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $258,149 | $121,233 | $51,275 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Governor's Scholars Program Inc ($450,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GOVERNOR'S SCHOLARS PROGRAM INC Frankfort, KY | ASSIST IN FUNDING CURRENT YEAR OPERATIONS FOR THE GOVERNOR'S SCHOLARS PROGRAM | $450,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Doug Draut | President/Secretary | 40 | $125,660 |
| Alan Stein | Chair | 0.5 | — |
| Vince Gabbert | Vice Chair | 0.5 | — |
| William Malone | Treasurer | 0.5 | — |
| Laura Coleman Pritchard | Board Member | 0.25 | — |
| Harold H Hal Smith | Board Member | 0.25 | — |
| Wayne M Martin | Board Member | 0.25 | — |
| Trey Grayson | Board Member | 0.25 | — |
| Mike Buckentin | Board Member | 0.25 | — |
| Srini Matam | Board Member | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Governor's Scholars Program?
Governor's Scholars Program is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Frankfort, KY. It holds $4.3M in total assets as of 2024.
How large is Governor's Scholars Program?
As of 2024, Governor's Scholars Program holds $4.3M in total assets with $881K in annual revenue. It awarded 1 grant totaling $450K in 2024.
Where does Governor's Scholars Program operate?
Governor's Scholars Program has awarded grants in Kentucky.
What size grants does Governor's Scholars Program award?
In 2024, Governor's Scholars Program awarded 1 grant totaling $450K — an average of about $450K per grant, based on its IRS Form 990 filings.
What is Governor's Scholars Program's EIN?
Governor's Scholars Program's EIN (Employer Identification Number) is 61-1393028. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.