Herbert & Gertrude Henderson Scholarship Foundation

Private foundation · Grantmaker Paola, KS EIN: 48-6322955

Herbert & Gertrude Henderson Scholarship Foundation is a private foundation, based in Paola, KS. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $362K in total assets. In 2025, it awarded 1 grant totaling $16K. Net investment income was $16K.

Key facts about Herbert & Gertrude Henderson Scholarship Foundation

In short: Herbert & Gertrude Henderson Scholarship Foundation gave $16K across 1 grant in 2025 (avg $16K), mostly in Kansas. Source: 2025 IRS Form 990-PF.

EIN
48-6322955
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$15,929
Grants made (2025)
1
Average grant
$15,929
Median grant
$15,929
Total assets
$362,144
Primary geography
Kansas (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$362K

+3.8% YoY

Annual Giving

$16K

-2.2% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$16K

-2.2% YoY

Under IRS private-foundation payout rules, Herbert & Gertrude Henderson Scholarship Foundation reported a distributable amount of $18K for 2025 — the minimum it must pay out in qualifying distributions.

How Herbert & Gertrude Henderson Scholarship Foundation gives

  • Giving fell 24% from 2022 to 2025. Method
  • In 2025 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Iola

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K1 grant2019 1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $16K (2025) to $21K (2022). In 2025 it made 1 grant totaling $16K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Allen Community College: $16KAllen Community College$16K

The largest 2025 recipient was Allen Community College ($16K).

Grant Size Distribution

5 grants across all recorded years

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

The most common grant size was under $50K: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Allen Community College Iola, KSScholarships$15,929

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$362,144$348,935$348,871
Revenue$36,002$25,572$14,940
Expenses$24,022$25,938$28,343
Qualifying Distributions$16,679$17,625$18,586
Net Investment Income$16,116$9,101$13,705
Distributable Amount$17,918$17,274$16,280

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS April 7, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS July 21, 2026)
  3. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Herbert & Gertrude Henderson Scholarship Foundation's only listed officer is First Option Bank, Trustee on every filing since 2019 (compensated).

Officers on the 2025 filing

  • First Option Bank

    Trustee

    On filings since 2019

    $8K (2019) → $7K (2025)

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

First Option Bank — Trustee: $7KFirst Option BankTrustee$7K

The highest reported compensation on the 2025 filing was $7K, to First Option Bank (Trustee).

Frequently asked questions about Herbert & Gertrude Henderson Scholarship Foundation

How much does Herbert & Gertrude Henderson Scholarship Foundation give each year?

Herbert & Gertrude Henderson Scholarship Foundation gave $16K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $16K across 1 grant.

How large is Herbert & Gertrude Henderson Scholarship Foundation?

Herbert & Gertrude Henderson Scholarship Foundation reported $362K in total assets on its 2025 IRS Form 990-PF. It paid out $17K in qualifying distributions that year, against a required minimum of $18K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does Herbert & Gertrude Henderson Scholarship Foundation operate?

Herbert & Gertrude Henderson Scholarship Foundation has awarded grants in Kansas.

What is Herbert & Gertrude Henderson Scholarship Foundation's EIN?

Herbert & Gertrude Henderson Scholarship Foundation's EIN (Employer Identification Number) is 48-6322955. IRS Form 990 filing data is available on this page for 2019–2025.

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

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