Howard & Barbara Fales Scholar

DALLAS, TX EIN: 56-6648213

Howard & Barbara Fales Scholar is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 1 grants totaling $60K. Net investment income was $37K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.3M

+3.7% YoY

Annual Giving

$60K

+22.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$60K

+22.0% YoY

Under IRS private-foundation payout rules, Howard & Barbara Fales Scholar reported a distributable amount of $74K for 2024 — the minimum it must pay out in qualifying distributions.

About Howard & Barbara Fales Scholar

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Rhode Island $246K (100%)

States

Rhode Island

Cities

Providence

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,326,621	$1,279,771	$1,323,028
Revenue	$54,832	$-10,949	$240,494
Expenses	$83,508	$75,939	$97,966
Qualifying Distributions	$68,534	$57,004	$81,723
Net Investment Income	$36,662	$15,491	$224,311
Distributable Amount	$74,419	$67,026	$67,627

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 2024

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Brown University ($59,589).

Recipient	Purpose	Amount
BROWN UNIVERSITY PROVIDENCE, RI	SCHOLARSHIPS	$59,589

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$21,026

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Howard & Barbara Fales Scholar?

Howard & Barbara Fales Scholar is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. It holds $1.3M in total assets as of 2024.

How large is Howard & Barbara Fales Scholar?

As of 2024, Howard & Barbara Fales Scholar holds $1.3M in total assets with $55K in annual revenue. It awarded 1 grants totaling $60K in 2024.

Where does Howard & Barbara Fales Scholar operate?

Howard & Barbara Fales Scholar has awarded grants in Rhode Island.

What size grants does Howard & Barbara Fales Scholar award?

In 2024, Howard & Barbara Fales Scholar awarded 1 grants totaling $60K — an average of about $60K per grant, based on its IRS Form 990 filings.

How much is Howard & Barbara Fales Scholar required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Howard & Barbara Fales Scholar reported a distributable amount of $74K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Howard & Barbara Fales Scholar's EIN?

Howard & Barbara Fales Scholar's EIN (Employer Identification Number) is 56-6648213. IRS Form 990 filing data is available on this page for 2021–2024.