Kernwood Scholarship Foundation
Kernwood Scholarship Foundation is a private foundation, based in SWAMPSCOTT, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $68K in total assets. In 2024, it awarded 1 grants totaling $25K. Net investment income was $195.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$68K
-11.5% YoY
Annual Giving
$25K
+11.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$25K
+11.4% YoY
Under IRS private-foundation payout rules, Kernwood Scholarship Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
About Kernwood Scholarship Foundation
Based on IRS filings
Kernwood Scholarship Foundation is a private foundation, based in SWAMPSCOTT, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $68K in total assets. In 2024, it awarded 1 grants totaling $25K. Net investment income was $195.
Ready to take the next step with Kernwood Scholarship Foundation?
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 | $67,840 | $76,633 | $80,185 |
| Revenue | $15,745 | $18,483 | $18,128 |
| Expenses | $24,538 | $22,035 | $18,785 |
| Qualifying Distributions | $24,500 | $22,000 | $18,750 |
| Net Investment Income | $195 | $213 | $53 |
| Distributable Amount | $3,302 | $3,551 | $3,647 |
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
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Scholarship Recipients on File ($24,500).
| Recipient | Purpose | Amount |
|---|---|---|
| SCHOLARSHIP RECIPIENTS ON FILE SALEM, MA | COLLEGE SCHOLARSHIP | $24,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SCOTT A SAGAN | TRUSTEE | 0.1 | — |
| STEVE SOLOMON | TRUSTEE | 0.05 | — |
Frequently Asked Questions
How large is Kernwood Scholarship Foundation?
As of 2024, Kernwood Scholarship Foundation holds $68K in total assets with $16K in annual revenue. It awarded 1 grants totaling $25K in 2024.
Where does Kernwood Scholarship Foundation operate?
Kernwood Scholarship Foundation has awarded grants in Massachusetts.
What size grants does Kernwood Scholarship Foundation award?
In 2024, Kernwood Scholarship Foundation awarded 1 grants totaling $25K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is Kernwood Scholarship Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kernwood Scholarship Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kernwood Scholarship Foundation's EIN?
Kernwood Scholarship Foundation's EIN (Employer Identification Number) is 22-3215746. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Kernwood Scholarship Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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