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 grants totaling $42K. Net investment income was $87K.
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 grants 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
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 |
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
Among its reported 2025 grants, the largest include Scholarship Recipients ($42,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SCHOLARSHIP RECIPIENTS HERMITAGE, PA | SCHOLARSHIP | $42,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
No officer/director data available.
Frequently Asked Questions
How large is Hoover Scholarship Trust?
As of 2025, Hoover Scholarship Trust holds $956K in total assets with $94K in annual revenue. It awarded 1 grants totaling $42K in 2025.
Where does Hoover Scholarship Trust operate?
Hoover Scholarship Trust has awarded grants in Pennsylvania.
What size grants does Hoover Scholarship Trust award?
In 2025, Hoover Scholarship Trust awarded 1 grants totaling $42K — an average of about $42K per grant, based on its IRS Form 990 filings.
How much is Hoover Scholarship Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Hoover Scholarship Trust reported a distributable amount of $51K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Hoover Scholarship Trust'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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