Jesse David & Katie Bundy Scholarship

HIGH POINT, NC EIN: 56-6501861

Jesse David & Katie Bundy Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HIGH POINT, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $958K in total assets. In 2024, it awarded 9 grants totaling $45K. Net investment income was $16K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$958K

-2.7% YoY

Annual Giving

$45K

-6.3% YoY

Grant Count

9

+0.0% YoY

Avg Grant Size

$5K

-6.2% YoY

Under IRS private-foundation payout rules, Jesse David & Katie Bundy Scholarship reported a distributable amount of $54K for 2024 — the minimum it must pay out in qualifying distributions.

About Jesse David & Katie Bundy Scholarship

Based on IRS filings

Jesse David & Katie Bundy Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HIGH POINT, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $958K in total assets. In 2024, it awarded 9 grants totaling $45K. Net investment income was $16K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Cities

Banner ElkChapel HillCullowheeEmoryGreenvilleGreenwoodHigh PointHudsonJohnson CityRaleighSalisburyWilkesboroWingateWinstonsalem

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$52K$103K$155K$206K2021202220232024
Metric202420232022
Total Assets$957,682$984,541$1,006,220
Revenue$34,854$33,192$187,677
Expenses$61,713$69,251$61,533
Qualifying Distributions$45,000$54,293$48,546
Net Investment Income$16,336$22,407$174,442
Distributable Amount$54,325$50,768$54,887

Giving Over Time

Total grant dollars and number of grants per year

$0$12K$24K$36K$48K4 grants20216 grants20229 grants20239 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

CALDWELL COMMUNITY COLLEGE$5KUNIVERSITY OF NORTH CARO…$5KWESTERN CAROLINA UNIVERS…$5KWIKES COMMUNITY COLLEGE$5KEMORY AND HENRY COLLEGE$5KLESS-MCRAE COLLEGE$5KFORSYTH TECHNICAL COMMUN…$5KEAST TENNESSE STATE UNIV…$5KWIKES COMMUNITY COLLEGE$5K

Grant Size Distribution

28 grants across all recorded years

28<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Caldwell Community College ($5,000), University of North Carolina ($5,000), Western Carolina University ($5,000).

RecipientPurposeAmount
CALDWELL COMMUNITY COLLEGE HUDSON, NCEDUCATIONAL EXPENSE$5,000
UNIVERSITY OF NORTH CAROLINA CHAPEL HILL, NCEDUCATIONAL SCHOLARSHIP$5,000
WESTERN CAROLINA UNIVERSITY CULLOWHEE, NCEDUCATIONAL SCHOLARSHIPS$5,000
WIKES COMMUNITY COLLEGE WILKESBORO, NCEDUCATIONAL SCHOLARSHIPS$5,000
EMORY AND HENRY COLLEGE EMORY, VAEDUCATIONAL EXPENSE$5,000
LESS-MCRAE COLLEGE BANNER ELK, NCEDUCATIONAL EXPENSE$5,000
FORSYTH TECHNICAL COMMUNITY COLLEGE WINSTONSALEM, NCEDUCATIONAL SCHOLARSHIP$5,000
EAST TENNESSE STATE UNIVERSITY JOHNSON CITY, TNEDUCATIONAL SCHOLARSHIP$5,000
WIKES COMMUNITY COLLEGE WILKESBORO, NCEDUCATIONAL SCHOLARSHIP$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
PINNACLE BANKTRUSTEE10

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Jesse David & Katie Bundy Scholarship?

Jesse David & Katie Bundy Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HIGH POINT, NC. It holds $958K in total assets as of 2024.

How large is Jesse David & Katie Bundy Scholarship?

As of 2024, Jesse David & Katie Bundy Scholarship holds $958K in total assets with $35K in annual revenue. It awarded 9 grants totaling $45K in 2024.

Where does Jesse David & Katie Bundy Scholarship operate?

Jesse David & Katie Bundy Scholarship has awarded grants in North Carolina, South Carolina, Tennessee, Virginia.

What size grants does Jesse David & Katie Bundy Scholarship award?

In 2024, Jesse David & Katie Bundy Scholarship awarded 9 grants totaling $45K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Jesse David & Katie Bundy Scholarship required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Jesse David & Katie Bundy Scholarship reported a distributable amount of $54K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Jesse David & Katie Bundy Scholarship's EIN?

Jesse David & Katie Bundy Scholarship's EIN (Employer Identification Number) is 56-6501861. IRS Form 990 filing data is available on this page for 2021–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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