Herrin Scholarship Foundation
Herrin Scholarship Foundation is a private foundation based in Billings, Montana. Its 2025 filing lists scholarships for Flathead County high school graduates as a restriction on awards.
Herrin Scholarship Foundation at a glance
In short: Herrin Scholarship Foundation gave $12K across 12 grants in 2025 (avg $1K), mostly in Montana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $12,000
- +0.0% vs 2024
- Grants made (2025)
- 12
- +0.0% vs 2024
- Average grant
- $1,000
- +0.0% vs 2024
- Median grant
- $1,000
- Total assets
- $175,722
- -3.6% vs 2024
- Primary geography
- Montana (58% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Herrin Scholarship Foundation
- Review Cycle
- Prior to graduation.
- Deadline
- Prior to graduation.
- Contact
Application contact: First Interstate Bank Trust Dept
Mailing address: PO Box 7130, Kalispell, MT 59904
Phone: (406) 752-5215
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Herrin Scholarship Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Montana State University ($3K across 3 grants). Together the top 5 received $9K.
Organizations only. It also paid 3 individual scholarships ($3,000), which are not listed by name.
Grant Size Distribution
46 grants across all recorded years
The most common grant size was under $50K: 46 grants of 46 (100%).
Geographic Focus
Where this funder awards grants
The 2025 grant dollars were distributed among recipients in Montana (58%), Arizona (25%), Minnesota (8%), and New Hampshire (8%). The listed grants show awards to institutions in those states.
Grant Distribution by State
Share of 2025 grant dollars across all 12 itemized grants.
States
Cities
How Herrin Scholarship Foundation gives
- Giving held roughly steady from 2022 to 2025 (+9%). Method
- In 2025 it paid out 148% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $11K (2022) to $12K (2025). In 2025 it made 12 grants totaling $12K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 3 individual scholarships Recipients not named | — | $3,000 |
| University of Montana Missoula, MT | Scholarship | $1,000 |
| Montana State University Bozeman, MT | Scholarship | $1,000 |
| Montana State University Bozeman, MT | Scholarship | $1,000 |
| Montana State University Bozeman, MT | Scholarship | $1,000 |
| Grand Canyon University Phoenix, AZ | Scholarship | $1,000 |
| University of Montana Missoula, MT | Scholarship | $1,000 |
| Unversity of Minnesota Morris, MN | Scholarship | $1,000 |
| Dartmouth College Hanover, NH | Scholarship | $1,000 |
| Grand Canyon University Phoenix, AZ | Scholarship | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $175,722 | $12,180 | $18,667 | $12,000 | 12 | $14,623 | $8,322 | $9,910 |
| 2024 | $182,224 | $15,051 | $18,730 | $12,000 | 12 | $14,540 | $11,088 | $9,859 |
| 2023 | $185,888 | $12,765 | $18,419 | $12,000 | 8 | $14,480 | $8,866 | $8,775 |
| 2022 | $191,566 | $-616 | $18,948 | $11,000 | 6 | $13,842 | $1,470 | $10,309 |
| 2021 | $211,131 | $26,807 | $18,240 | $12,000 | 8 | $14,374 | $22,980 | $12,302 |
| 2020 | $202,568 | $8,603 | $18,307 | $12,000 | 8 | — | $4,797 | $10,998 |
| 2019 | $212,113 | $12,678 | $17,592 | $12,000 | 6 | — | $9,257 | $11,371 |
Under IRS private-foundation payout rules, Herrin Scholarship Foundation reported a distributable amount of $10K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement is provided. The foundation’s 2025 grants were designated for scholarships. Among the organizations it supported, Grand Canyon University describes itself as a “missional, Christ-centered university” that seeks to serve others and promote human flourishing; this is the university’s stated mission, not the foundation’s.
Grantmaking
In filing year 2025, the foundation gave 12 grants totaling $12,000. Each grant was $1,000.
Recipients included an individual recipient Community College, the University of Montana, Montana State University, Grand Canyon University, the University of Minnesota Morris, and Dartmouth College. Each listed grant was for a scholarship.
The 2025 filing says the foundation does not restrict giving to preselected organizations. It lists a standard application requiring the applicant’s name and address, a statement describing the applicant and history—including extracurricular activities—reasons for pursuing higher education, and financial information showing need. Awards are restricted to Flathead County high school graduates.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists First Interstate Bank as trustee.
Herrin Scholarship Foundation's only listed officer is First Interstate Bank, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
First Interstate Bank
Trustee
On filings since 2019
2 hrs/week
$4K (2019) → $5K (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
The highest reported compensation on the 2025 filing was $5K, to First Interstate Bank (Trustee).
Frequently asked questions about Herrin Scholarship Foundation
How much does Herrin Scholarship Foundation give each year?
Herrin Scholarship Foundation gave $12K across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $12K across 12 grants.
What is Herrin Scholarship Foundation's typical grant size?
Herrin Scholarship Foundation's median grant in 2025 was $1,000, and its average grant was $1,000, across 12 grants on its 2025 IRS Form 990-PF.
Where does Herrin Scholarship Foundation give grants?
Herrin Scholarship Foundation gives mostly in Montana: 58% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Arizona (25%) and Minnesota (8%). The most frequent recipient cities were Bozeman, MT (3 grants), Missoula, MT (2 grants) and Phoenix, AZ (2 grants).
Does Herrin Scholarship Foundation give general operating support?
Not in 2025: none of the 12 grants with a stated purpose on Herrin Scholarship Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (12 grants).
Who are Herrin Scholarship Foundation's largest grantees?
Herrin Scholarship Foundation's largest 2025 grantees include Montana State University ($3,000 across 3 grants), University of Montana ($2,000 across 2 grants) and Grand Canyon University ($2,000 across 2 grants), according to its 2025 IRS Form 990-PF. It also paid 3 individual scholarships ($3,000), which are not listed by name. Together they received 58% of its itemized 2025 grant dollars.
How large is Herrin Scholarship Foundation?
Herrin Scholarship Foundation reported $176K in total assets on its 2025 IRS Form 990-PF. It paid out $15K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
What does Herrin Scholarship Foundation fund?
No mission statement is provided. The foundation’s 2025 grants were designated for scholarships. See mission & focus areas ↑
How do I apply for a grant from Herrin Scholarship Foundation?
Herrin Scholarship Foundation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Herrin Scholarship Foundation's EIN?
Herrin Scholarship Foundation's EIN (Employer Identification Number) is 82-6101411. 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. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 7, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 15, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 27, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
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