Grace Hoyle Scholarship Fund Inc
Grace Hoyle Scholarship Fund Inc is a private foundation, based in NEWTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $678K in total assets. In 2024, it made $44K in qualifying distributions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$678K
-0.3% YoY
Revenue
$24K
-96.4% YoY
Qualifying Distributions
$44K
+579.0% YoY
Expenses
$25K
+293.4% YoY
Under IRS private-foundation payout rules, Grace Hoyle Scholarship Fund Inc reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
About Grace Hoyle Scholarship Fund Inc
Based on IRS filings
Grace Hoyle Scholarship Fund Inc is a private foundation, based in NEWTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $678K in total assets. In 2024, it made $44K in qualifying distributions.
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $678,347 | $680,061 | $32,043 |
| Revenue | $23,683 | $654,474 | $10 |
| Expenses | $25,396 | $6,456 | $2,481 |
| Qualifying Distributions | $43,839 | $6,456 | — |
| Net Investment Income | — | $10,017 | — |
| Distributable Amount | $29,040 | $354 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT A MULLINAX | PRESIDENT | 3 | — |
| LYNN MULLINAX | SECRETARY | 1 | — |
Frequently Asked Questions
How large is Grace Hoyle Scholarship Fund Inc?
As of 2024, Grace Hoyle Scholarship Fund Inc holds $678K in total assets with $24K in annual revenue.
How much is Grace Hoyle Scholarship Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Grace Hoyle Scholarship Fund Inc reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Grace Hoyle Scholarship Fund Inc's EIN?
Grace Hoyle Scholarship Fund Inc's EIN (Employer Identification Number) is 56-1216015. 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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