Heartfelt Scholarship Foundation Inc

MONTROSE, CO EIN: 47-1648023

Heartfelt Scholarship Foundation Inc is a nonprofit organization focused on Education, based in MONTROSE, CO. IRS filing data is available from 2019 through 2024. In 2024, it awarded 7 grants totaling $11K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

Annual Giving

$11K

-60.3% YoY

Grant Count

7

-12.5% YoY

Avg Grant Size

$2K

-54.6% YoY

About Heartfelt Scholarship Foundation Inc

Based on IRS filings

Heartfelt Scholarship Foundation Inc is a nonprofit organization focused on Education, based in MONTROSE, CO. IRS filing data is available from 2019 through 2024. In 2024, it awarded 7 grants totaling $11K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

8states

Cities

ANKENYGREENVILLELANCASTERLATTIMORELa GrangeMONTROSEPENSACOLAShelbyWATERTOWN

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.1201920202021202220232024
Metric202420232022
Total Assets
Revenue
Expenses
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$13K$26K$39K$51K5 grants20197 grants20207 grants20217 grants20228 grants20237 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

BOB JONES UNIVERSITY$5KPENSACOLA CHRISTIAN COLL…$2KFAITH BAPTIST BIBLE COLL…$2KMARANATHA BAPTIST UNIVER…$860VICTORY BAPTIST CHURCH$650Frontier School of the B…$500AMBASSADOR BAPTIST COLLEGE$461

Grant Size Distribution

36 grants across all recorded years

36<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Bob Jones University ($4,500), Pensacola Christian Collage ($2,000), Faith Baptist Bible College ($2,000).

RecipientPurposeAmount
VICTORY BAPTIST CHURCH MONTROSE, COScholarship$650
MARANATHA BAPTIST UNIVERSITY WATERTOWN, WIScholarship$860
BOB JONES UNIVERSITY GREENVILLE, SCScholarship$4,500
PENSACOLA CHRISTIAN COLLAGE PENSACOLA, FLScholarship$2,000
FAITH BAPTIST BIBLE COLLEGE ANKENY, IASCHOLARSHIP$2,000
Frontier School of the Bible La Grange, WYScholarship$500
AMBASSADOR BAPTIST COLLEGE LATTIMORE, NCSCHOLARSHIP$461

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
HAGLE SUMMERSCHAIR
LINDA SUMMERSVICE CHAIR
JEREMY SPENCERSECRETARY/TREAS
RACHAEL SPENCERDirector
JIM WELCHDirector

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Heartfelt Scholarship Foundation Inc?

Heartfelt Scholarship Foundation Inc is a nonprofit organization focused on Education, based in MONTROSE, CO. It holds — in total assets as of 2024.

Where does Heartfelt Scholarship Foundation Inc operate?

Heartfelt Scholarship Foundation Inc has awarded grants in California, Colorado, Florida, Iowa, North Carolina, South Carolina, Wisconsin, Wyoming.

What size grants does Heartfelt Scholarship Foundation Inc award?

In 2024, Heartfelt Scholarship Foundation Inc awarded 7 grants totaling $11K — an average of about $2K per grant, based on its IRS Form 990 filings.

What is Heartfelt Scholarship Foundation Inc's EIN?

Heartfelt Scholarship Foundation Inc's EIN (Employer Identification Number) is 47-1648023. IRS Form 990 filing data is available on this page for 2019–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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