Irene Kandzie Scholarship Fund
Irene Kandzie Scholarship Fund is a private foundation focused on Education, based in Pennington, NJ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $5.9M in total assets. In 2025, it awarded 1 grant totaling $261K. Net investment income was $673K.
Irene Kandzie Scholarship Fund at a glance
In short: Irene Kandzie Scholarship Fund gave $261K across 1 grant in 2025 (avg $261K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $261,488
- +6.9% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $261,488
- +6.9% vs 2024
- Median grant
- $261,488
- Total assets
- $5,893,997
- +6.6% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Irene Kandzie Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Tufts University ($261K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Irene Kandzie Scholarship Fund gives
- Giving grew 64% from 2022 to 2025. Method
- In 2025 it paid out 92% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $159K (2022) to $308K (2021). In 2025 it made 1 grant totaling $261K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Tufts University Medford, MA | Unrestricted General | $261,488 |
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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 | $5,893,997 | $726,454 | $360,721 | $261,488 | 1 | $295,381 | $673,299 | $322,494 |
| 2024 | $5,528,939 | $597,189 | $323,463 | $244,545 | 1 | $290,663 | $563,468 | $307,606 |
| 2023 | $5,259,614 | $212,995 | $327,266 | $248,181 | 1 | $291,331 | $180,158 | $287,695 |
| 2022 | $5,372,060 | $451,079 | $249,552 | $159,225 | 1 | $204,948 | $415,596 | $293,904 |
| 2021 | $5,174,084 | $631,949 | $390,735 | $308,056 | 1 | — | $595,831 | $292,270 |
| 2020 | $4,935,479 | $464,093 | $300,343 | $225,771 | 1 | — | $433,516 | $261,612 |
| 2019 | $4,777,832 | $460,988 | $301,382 | $225,948 | 1 | — | $435,843 | $268,852 |
Under IRS private-foundation payout rules, Irene Kandzie Scholarship Fund reported a distributable amount of $322K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Irene Kandzie Scholarship Fund's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
Bank Of America N A
Co-Trustee
Trustee → Co-Trustee, 2024
On filings since 2019
2 hrs/week
$56K (2019) → $73K (2025)
J. Curtis Hyers
Co-Trustee
On filings since 2019
2 hrs/week
$11K (2020) → $12K (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 $73K, to Bank of America N a (Co-Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Irene Kandzie Scholarship Fund
How much does Irene Kandzie Scholarship Fund give each year?
Irene Kandzie Scholarship Fund gave $261K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $245K across 1 grant.
How large is Irene Kandzie Scholarship Fund?
Irene Kandzie Scholarship Fund reported $5.9M in total assets on its 2025 IRS Form 990-PF. It paid out $295K in qualifying distributions that year, against a required minimum of $322K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Irene Kandzie Scholarship Fund?
Irene Kandzie Scholarship Fund is a private foundation focused on Education, based in Pennington, NJ. It holds $5.9M in total assets as of 2025.
Where does Irene Kandzie Scholarship Fund operate?
Irene Kandzie Scholarship Fund has awarded grants in Massachusetts.
What is Irene Kandzie Scholarship Fund's EIN?
Irene Kandzie Scholarship Fund's EIN (Employer Identification Number) is 75-3239047. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS February 26, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 3, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 18, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 31, 2026)
- IRS filings on file for fiscal years 2019–2025
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