Jim and Midge Carby Scholarship Fund
Jim and Midge Carby 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 $1.0M in total assets. In 2024, it awarded 1 grant totaling $42K. Net investment income was $90K.
Jim and Midge Carby Scholarship Fund at a glance
In short: Jim and Midge Carby Scholarship Fund gave $42K across 1 grant in 2024 (avg $42K), mostly in Missouri. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $42,380
- -10.6% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $42,380
- -10.6% vs 2023
- Median grant
- $42,380
- Total assets
- $1,005,360
- +3.4% vs 2023
- Primary geography
- Missouri (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Jim and Midge Carby Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was College of the Ozarks ($42K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Jim and Midge Carby Scholarship Fund gives
- Giving fell 24% from 2021 to 2024. Method
- In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $42K (2024) to $56K (2021). In 2024 it made 1 grant totaling $42K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| College of the Ozarks Point Lookout, MO | Unrestricted General | $42,380 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,005,360 | $102,651 | $68,379 | $42,380 | 1 | $56,937 | $90,465 | $56,564 |
| 2023 | $972,182 | $26,665 | $67,180 | $47,408 | 1 | $57,138 | $15,229 | $52,214 |
| 2022 | $1,013,052 | $-24,028 | $75,478 | $53,823 | 1 | $60,140 | $10,236 | $53,725 |
| 2021 | $1,112,600 | $230,650 | $74,383 | $55,760 | 1 | $62,184 | $218,319 | $60,247 |
| 2020 | $955,140 | $79,561 | $60,066 | $44,331 | 1 | — | $69,958 | $51,289 |
Under IRS private-foundation payout rules, Jim and Midge Carby Scholarship Fund reported a distributable amount of $57K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Jim and Midge Carby Scholarship Fund's only listed officer is Bank Of America, Trustee on every filing since 2021 (compensated).
Officers on the 2024 filing
Bank Of America
Trustee
On filings since 2021
1 hr/week
$15K (2021) → $15K (2024)
Former officers (1)
- Former: Bank Of America N A (2020) — Trustee
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $15K, to Bank of America (Trustee).
Frequently asked questions about Jim and Midge Carby Scholarship Fund
How much does Jim and Midge Carby Scholarship Fund give each year?
Jim and Midge Carby Scholarship Fund gave $42K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $47K across 1 grant.
How large is Jim and Midge Carby Scholarship Fund?
Jim and Midge Carby Scholarship Fund reported $1.0M in total assets on its 2024 IRS Form 990-PF. It paid out $57K in qualifying distributions that year, against a required minimum of $57K (roughly 5% of its investment assets).
Where does Jim and Midge Carby Scholarship Fund operate?
Jim and Midge Carby Scholarship Fund has awarded grants in Missouri.
What is Jim and Midge Carby Scholarship Fund's EIN?
Jim and Midge Carby Scholarship Fund's EIN (Employer Identification Number) is 59-7279777. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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