Jim and Midge Carby Scholarship Fund

DALLAS, TX EIN: 59-7279777

Jim and Midge Carby Scholarship Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $42K. Net investment income was $90K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.0M

+3.4% YoY

Annual Giving

$42K

-10.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$42K

-10.6% YoY

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.

About Jim and Midge Carby Scholarship Fund

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Missouri $244K (100%)

States

Missouri

Cities

Point Lookout

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,005,360	$972,182	$1,013,052
Revenue	$102,651	$26,665	$-24,028
Expenses	$68,379	$67,180	$75,478
Qualifying Distributions	$56,937	$57,138	$60,140
Net Investment Income	$90,465	$15,229	$10,236
Distributable Amount	$56,564	$52,214	$53,725

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include College of the Ozarks ($42,380).

Recipient	Purpose	Amount
COLLEGE OF THE OZARKS POINT LOOKOUT, MO	UNRESTRICTED GENERAL	$42,380

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	$15,179

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Jim and Midge Carby Scholarship Fund?

Jim and Midge Carby Scholarship Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. It holds $1.0M in total assets as of 2024.

How large is Jim and Midge Carby Scholarship Fund?

As of 2024, Jim and Midge Carby Scholarship Fund holds $1.0M in total assets with $103K in annual revenue. It awarded 1 grants totaling $42K in 2024.

Where does Jim and Midge Carby Scholarship Fund operate?

Jim and Midge Carby Scholarship Fund has awarded grants in Missouri.

What size grants does Jim and Midge Carby Scholarship Fund award?

In 2024, Jim and Midge Carby Scholarship Fund awarded 1 grants totaling $42K — an average of about $42K per grant, based on its IRS Form 990 filings.

How much is Jim and Midge Carby Scholarship Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Jim and Midge Carby Scholarship Fund reported a distributable amount of $57K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.