Jack Beaty Educational Scholarship is a private foundation focused on Education, based in SANTA FE, NM. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $6.7M in total assets. In 2024, it awarded 12 grants totaling $555K. Net investment income was $217K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.7M
-5.3% YoY
Annual Giving
$555K
+201.4% YoY
Grant Count
12
+71.4% YoY
Avg Grant Size
$46K
+75.8% YoY
Under IRS private-foundation payout rules, Jack Beaty Educational Scholarship reported a distributable amount of $385K for 2024 — the minimum it must pay out in qualifying distributions.
About Jack Beaty Educational Scholarship
Based on IRS filings
Jack Beaty Educational Scholarship is a private foundation focused on Education, based in SANTA FE, NM. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $6.7M in total assets. In 2024, it awarded 12 grants totaling $555K. Net investment income was $217K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,712,052 | $7,087,362 | $7,268,869 |
| Revenue | $310,026 | $129,975 | $7,654,743 |
| Expenses | $685,336 | $311,482 | $86,095 |
| Qualifying Distributions | $589,447 | $230,564 | $70,296 |
| Net Investment Income | $217,155 | $92,493 | $52,788 |
| Distributable Amount | $384,576 | $354,458 | $181,745 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include International Scholarship Fund ($240,000), First Serve Nm Inc ($85,000), Actec Foundation ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NEW MEXICO COMMUNITY TRUST ALBUQUERQUE, NM | SCHOLARSHIP | $10,000 |
| COLORADO MESA UNIVERSITY GRAND JUNCTION, CO | SCHOLARSHIP | $4,000 |
| ST MICHAELS HIGH SCHOOL SANTA FE, NM | SCHOLARSHIP | $8,000 |
| FIRST SERVE NM INC SANTA FE, NM | ENDOWMENT AND SCHOLARSHIP | $85,000 |
| ACTEC FOUNDATION WASHINGTON, DC | TEACHING PROGRAM | $50,000 |
| EXCELLENT SCHOOLS NM ALBUQUERQUE, NM | SCHOLARSHIP | $25,000 |
| IAIA FOUNDATION SANTA FE, NM | ENDOWMENT SCHOLARSHIP | $50,000 |
| INTERNATIONAL SCHOLARSHIP FUND NASHVILLE, TN | SCHOLARSHIP | $240,000 |
| LENSIC PERFORMING ARTS SANTA FE, NM | SCHOLARSHIP | $5,000 |
| LIFE CIRCLE SANTA FE, NM | SUPPORT SERVICES | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KURT SOMMER | TRUSTEE | 5 | $8,000 |
| CHERYL SOMMER | TRUSTEE | 5 | $8,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Jack Beaty Educational Scholarship?
Jack Beaty Educational Scholarship is a private foundation focused on Education, based in SANTA FE, NM. It holds $6.7M in total assets as of 2024.
How large is Jack Beaty Educational Scholarship?
As of 2024, Jack Beaty Educational Scholarship holds $6.7M in total assets with $310K in annual revenue. It awarded 12 grants totaling $555K in 2024.
Where does Jack Beaty Educational Scholarship operate?
Jack Beaty Educational Scholarship has awarded grants in Colorado, District of Columbia, Maryland, New Mexico, Tennessee.
What size grants does Jack Beaty Educational Scholarship award?
In 2024, Jack Beaty Educational Scholarship awarded 12 grants totaling $555K — an average of about $46K per grant, based on its IRS Form 990 filings.
How much is Jack Beaty Educational Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Jack Beaty Educational Scholarship reported a distributable amount of $385K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Jack Beaty Educational Scholarship's EIN?
Jack Beaty Educational Scholarship's EIN (Employer Identification Number) is 87-3768410. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Jack Beaty Educational Scholarship's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.