Herrin Scholarship Foundation
Herrin Scholarship Foundation is a private foundation, based in BILLINGS, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $182K in total assets. In 2024, it awarded 12 grants totaling $12K. Net investment income was $11K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$182K
-2.0% YoY
Annual Giving
$12K
+0.0% YoY
Grant Count
12
+50.0% YoY
Avg Grant Size
$1K
-33.3% YoY
Under IRS private-foundation payout rules, Herrin Scholarship Foundation reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
About Herrin Scholarship Foundation
Based on IRS filings
Herrin Scholarship Foundation is a private foundation, based in BILLINGS, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $182K in total assets. In 2024, it awarded 12 grants totaling $12K. Net investment income was $11K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $182,224 | $185,888 | $191,566 |
| Revenue | $15,051 | $12,765 | $-616 |
| Expenses | $18,730 | $18,419 | $18,948 |
| Qualifying Distributions | $14,540 | $14,480 | $13,842 |
| Net Investment Income | $11,088 | $8,866 | $1,470 |
| Distributable Amount | $9,859 | $8,775 | $10,309 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Flathead Valley Community College ($1,000), University of Montana ($1,000), Montana State University ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FLATHEAD VALLEY COMMUNITY COLLEGE KALISPELL, MT | SCHOLARSHIP | $1,000 |
| 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 |
| 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 |
| CAL POLY HUMBOLDT ARCATA, CA | SCHOLARSHIP | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FIRST INTERSTATE BANK | TRUSTEE | 2 | $5,000 |
Frequently Asked Questions
How large is Herrin Scholarship Foundation?
As of 2024, Herrin Scholarship Foundation holds $182K in total assets with $15K in annual revenue. It awarded 12 grants totaling $12K in 2024.
Where does Herrin Scholarship Foundation operate?
Herrin Scholarship Foundation has awarded grants in Arizona, California, Iowa, Idaho, Kansas, Montana, North Dakota, South Dakota, Washington.
What size grants does Herrin Scholarship Foundation award?
In 2024, Herrin Scholarship Foundation awarded 12 grants totaling $12K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Herrin Scholarship Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Herrin Scholarship Foundation reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Herrin Scholarship Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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