King Scholarship Fund

Foundation · Grantmaker Dallas, TX EIN: 22-2589716

King Scholarship Fund is a private foundation focused on Education, based in Dallas, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $600K in total assets. In 2024, it awarded 11 grants totaling $20K. Net investment income was $51K.

Key facts about King Scholarship Fund

EIN: 22-2589716
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $20,000
Grants made (2024): 11
Average grant: $1,818
Median grant: $1,650
New grantees (estimate): 36% first-time grantees (4 of 11, 2024)
Total assets: $599,736
Primary geography: New York (92% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who King Scholarship Fund funds

By grant dollars, the top recipient states for King Scholarship Fund's 11 itemized 2024 grants were New York (92%) and Iowa (8%). None of its 11 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarships" (7 grants) and "Scholarship" (4 grants).

Is King Scholarship Fund open to new grantees?

36%

first-time grantees, 2024

In 2024, 4 of 11 grantees (36%) were first-time recipients. First grants averaged $2K; repeat grants $2K. How we count

Medians: $2K first-time, $2K repeat.

64% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (+9%). Method
In 2024 it paid out 72% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$600K

+4.7% YoY

Annual Giving

$20K

-15.9% YoY

Grant Count

+10.0% YoY

Avg Grant Size

$2K

-23.6% YoY

Under IRS private-foundation payout rules, King Scholarship Fund reported a distributable amount of $34K for 2024 — the minimum it must pay out in qualifying distributions.

About King Scholarship Fund

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $18K (92%)

Iowa $2K (8%)

Share of all 11 itemized 2024 grant dollars.

States

District of Columbia Iowa Massachusetts New York Pennsylvania

Cities

RochesterAlfredHoughtonAuroraMechanicsburgBuffaloFredoniaNiagra UniversityPellaGeneseoPotsdamAuburnBinghamtonCobleskillCortlandHamiltonKeuka ParkNew YorkNiagara UniversityOneonta

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$599,736	$573,022	$591,640
Revenue	$59,654	$20,320	$-12,763
Expenses	$32,309	$38,702	$34,621
Qualifying Distributions	$24,507	$31,730	$25,195
Net Investment Income	$51,497	$11,571	$5,352
Distributable Amount	$33,922	$30,893	$31,507

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

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

53 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Suny Cortland ($2,500), Suny Fredonia ($2,500), Suny Binghamton ($1,800).

Recipient	Purpose	Amount
SUNY CORTLAND Cortland, NY	SCHOLARSHIP	$2,500
SUNY FREDONIA Fredonia, NY	SCHOLARSHIPS	$2,500
SUNY BINGHAMTON Binghamton, NY	SCHOLARSHIP	$1,800
SUNY COBLESKILL Cobleskill, NY	SCHOLARSHIP	$1,650
HARTWICK COLLEGE Oneonta, NY	SCHOLARSHIP	$1,650
HOUGHTON COLLEGE Houghton, NY	SCHOLARSHIPS	$1,650
ROCHESTER INSTITUTE OF TECHNOLOGY Rochester, NY	SCHOLARSHIPS	$1,650
ALFRED UNIVERSITY Alfred, NY	SCHOLARSHIPS	$1,650
UNIVERSITY AT BUFFALO Buffalo, NY	SCHOLARSHIPS	$1,650
SUNY GENESEO Geneseo, NY	SCHOLARSHIPS	$1,650

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Bank of America	Trustee	1	$9,767

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is King Scholarship Fund?

King Scholarship Fund is a private foundation focused on Education, based in Dallas, TX. It holds $600K in total assets as of 2024.

How large is King Scholarship Fund?

As of 2024, King Scholarship Fund holds $600K in total assets with $60K in annual revenue. It awarded 11 grants totaling $20K in 2024.

Where does King Scholarship Fund operate?

King Scholarship Fund has awarded grants in District of Columbia, Iowa, Massachusetts, New York, Pennsylvania.

What size grants does King Scholarship Fund award?

In 2024, King Scholarship Fund awarded 11 grants totaling $20K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is King Scholarship Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, King Scholarship Fund reported a distributable amount of $34K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.