Irving W Mershon Scholarship Fund
Irving W Mershon Scholarship Fund is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $171K in total assets. In 2024, it awarded 7 grants totaling $6K. Net investment income was $15K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$171K
+8.0% YoY
Annual Giving
$6K
+29.5% YoY
Grant Count
7
+40.0% YoY
Avg Grant Size
$925
-7.5% YoY
Under IRS private-foundation payout rules, Irving W Mershon Scholarship Fund reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.
About Irving W Mershon Scholarship Fund
Based on IRS filings
Irving W Mershon Scholarship Fund is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $171K in total assets. In 2024, it awarded 7 grants totaling $6K. Net investment income was $15K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $170,559 | $157,992 | $161,530 |
| Revenue | $24,728 | $5,815 | $-3,413 |
| Expenses | $11,977 | $9,285 | $9,748 |
| Qualifying Distributions | $11,402 | $8,830 | $8,448 |
| Net Investment Income | $15,460 | $4,272 | $2,818 |
| Distributable Amount | $9,321 | $8,462 | $8,578 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Penn State University ($1,000), Kean University ($1,000), Drexel University ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| RUTGERS UNIVERSITY NEW BRUNSWICK, NJ | SCHOLARSHIPS | $825 |
| PENN STATE UNIVERSITY University Park, PA | SCHOLARSHIP | $1,000 |
| SETON HALL UNIVERSITY SOUTH ORANGE, NJ | UNRESTRICTED GENERAL | $825 |
| KEAN UNIVERSITY UNION, NJ | SCHOLARSHIPS | $1,000 |
| DREXEL UNIVERSITY PHILADELPHIA, PA | SCHOLARSHIPS | $1,000 |
| AMERICAN UNIVERSITY WASHINGTON, DC | SCHOLARSHIPS | $825 |
| MERCER COUNTY COMMUNITY COLLEGE WEST WINDSOR, NJ | SCHOLARSHIPS | $1,000 |
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 | — |
Frequently Asked Questions
How large is Irving W Mershon Scholarship Fund?
As of 2024, Irving W Mershon Scholarship Fund holds $171K in total assets with $25K in annual revenue. It awarded 7 grants totaling $6K in 2024.
Where does Irving W Mershon Scholarship Fund operate?
Irving W Mershon Scholarship Fund has awarded grants in California, Connecticut, District of Columbia, Florida, Georgia, Iowa, Illinois, Massachusetts, Maryland, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania.
What size grants does Irving W Mershon Scholarship Fund award?
In 2024, Irving W Mershon Scholarship Fund awarded 7 grants totaling $6K — an average of about $925 per grant, based on its IRS Form 990 filings.
How much is Irving W Mershon Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Irving W Mershon Scholarship Fund reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Irving W Mershon Scholarship Fund's EIN?
Irving W Mershon Scholarship Fund's EIN (Employer Identification Number) is 21-6016488. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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