Hoover Scholarship Trust
Hoover Scholarship Trust is a private foundation, based in Hermitage, PA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $956K in total assets. In 2025, it awarded 1 grant totaling $42K. Net investment income was $87K.
Key facts about Hoover Scholarship Trust
In short: Hoover Scholarship Trust gave $42K across 1 grant in 2025 (avg $42K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- EIN
- 23-2078823
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $42,000
- Grants made (2025)
- 1
- Average grant
- $42,000
- Median grant
- $42,000
- Total assets
- $956,421
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Quick answers about Hoover Scholarship Trust
How much does Hoover Scholarship Trust give each year?
Hoover Scholarship Trust gave $42K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $46K across 18 grants.
How large is Hoover Scholarship Trust?
Hoover Scholarship Trust reported $956K in total assets on its 2025 IRS Form 990-PF. It paid out $48K in qualifying distributions that year, against a required minimum of $51K (roughly 5% of its investment assets).
How Hoover Scholarship Trust gives
- Giving fell 44% from 2022 to 2025. Method
- In 2025 it paid out 95% 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.
Next steps with Hoover Scholarship Trust
- How to evaluate Hoover Scholarship Trust as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$956K
+4.2% YoY
Annual Giving
$42K
-9.2% YoY
Grant Count
1
-94.4% YoY
Avg Grant Size
$42K
+1534.6% YoY
Under IRS private-foundation payout rules, Hoover Scholarship Trust reported a distributable amount of $51K for 2025 — the minimum it must pay out in qualifying distributions.
About Hoover Scholarship Trust
Based on IRS filings
Hoover Scholarship Trust is a private foundation, based in Hermitage, PA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $956K in total assets. In 2025, it awarded 1 grant totaling $42K. Net investment income was $87K.
Ready to take the next step with Hoover Scholarship Trust?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $956,421 | $917,837 | $938,107 |
| Revenue | $93,710 | $38,934 | $-12,239 |
| Expenses | $55,048 | $59,204 | $14,253 |
| Qualifying Distributions | $48,295 | $46,250 | $1,250 |
| Net Investment Income | $87,286 | $23,660 | $23,499 |
| Distributable Amount | $50,828 | $44,043 | $47,441 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
69 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| SCHOLARSHIP RECIPIENTS Hermitage, PA | SCHOLARSHIP | $42,000 |
Frequently Asked Questions
Where does Hoover Scholarship Trust operate?
Hoover Scholarship Trust has awarded grants in Pennsylvania.
What is Hoover Scholarship Trust's EIN?
Hoover Scholarship Trust's EIN (Employer Identification Number) is 23-2078823. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.