Larry K Sharpf Educational Scholarship
Larry K Sharpf Educational Scholarship is a private foundation, based in Sherwood, OR. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $5.3M in total assets. In 2025, it awarded 8 grants totaling $227K. Net investment income was $152K.
Larry K Sharpf Educational Scholarship at a glance
In short: Larry K Sharpf Educational Scholarship gave $227K across 8 grants in 2025 (avg $28K), mostly in Arizona. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $226,527
- Grants made (2025)
- 8
- Average grant
- $28,316
- Median grant
- $13,973
- Total assets
- $5,268,901
- Primary geography
- Arizona (61% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Larry K Sharpf Educational Scholarship funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Turning Point USA ($138K). Together the top 8 received $227K.
Grant Size Distribution
49 grants across all recorded years
The most common grant size was under $50K: 43 grants of 49 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Larry K Sharpf Educational Scholarship gives
- Giving grew 24% from 2022 to 2025. Method
- In 2025 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2025, annual grant giving ranged from $108K (2023) to $355K (2020). In 2025 it made 8 grants totaling $227K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Turning Point USA Phoenix, AZ | Education | $138,000 |
| Oregon State University Corvallis, OR | Education | $21,000 |
| Corban University Salem, OR | Education | $15,582 |
| University of Oregon Eugene, OR | Education | $15,000 |
| Western Oregon University Monmouth, OR | Education | $12,945 |
| University of Portland Portland, OR | Education | $12,000 |
| Oregon Institute of Technology Klamath Falls, OR | Education | $7,000 |
| Portland State University Portland, OR | Education | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,268,901 | $231,978 | $428,279 | $226,527 | 8 | $226,527 | $152,150 | $250,416 |
| 2023 | $4,620,883 | $359,048 | $329,281 | $108,000 | 8 | $108,000 | $269,881 | $228,253 |
| 2022 | $4,653,382 | $152,029 | $431,641 | $182,500 | 10 | $182,500 | $90,493 | $260,590 |
| 2021 | $5,980,028 | $304,011 | $542,886 | $298,244 | 12 | — | $244,387 | $299,160 |
| 2020 | $6,306,550 | $84,366 | $619,618 | $355,200 | 11 | — | $7,922 | $317,310 |
Under IRS private-foundation payout rules, Larry K Sharpf Educational Scholarship reported a distributable amount of $250K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Larry K Sharpf Educational Scholarship is led by Jennifer Herndon, President on every filing since 2020; 2 of 6 officers listed in 2025 are compensated.
Officers on the 2025 filing
Jennifer Herndon
President
On filings since 2020
40 hrs/week
$100K (2020) → $100K (2025)
Matthew Herndon
Treasurer
Secretary → Treasurer, 2025
On filings since 2021
40 hrs/week
$44K (2025)
Terry Fisher-Johnson
Board Member
Director → Board Member, 2025
On filings since 2020
0.3 hrs/week
No compensation reported
Justin Schultz
Board Member
Director → Board Member, 2025
On filings since 2021
0.3 hrs/week
No compensation reported
Lori Schultz
Board Member
Director → Board Member, 2025
On filings since 2021
0.3 hrs/week
No compensation reported
Mark Herndon
Vice President & Secretary
Treasurer → Vice President & Secretary, 2025
On filings since 2021
0.3 hrs/week
No compensation reported
Former officers (1)
- Former: Cynthia Richter (2020–2023) — Vice President
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $100K, to Jennifer Herndon (President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Larry K Sharpf Educational Scholarship
How much does Larry K Sharpf Educational Scholarship give each year?
Larry K Sharpf Educational Scholarship gave $227K across 8 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Larry K Sharpf Educational Scholarship's typical grant size?
Larry K Sharpf Educational Scholarship's median grant in 2025 was $13,973, and its average grant was $28,316, across 8 grants on its 2025 IRS Form 990-PF.
Where does Larry K Sharpf Educational Scholarship give grants?
Larry K Sharpf Educational Scholarship gives mostly in Arizona: 61% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Oregon (39%). The most frequent recipient cities were Portland, OR (2 grants).
Does Larry K Sharpf Educational Scholarship give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Larry K Sharpf Educational Scholarship's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (8 grants).
Who are Larry K Sharpf Educational Scholarship's largest grantees?
Larry K Sharpf Educational Scholarship's largest 2025 grantees include Turning Point USA ($138,000), Oregon State University ($21,000) and Corban University ($15,582), according to its 2025 IRS Form 990-PF. Together they received 77% of its itemized 2025 grant dollars.
How large is Larry K Sharpf Educational Scholarship?
Larry K Sharpf Educational Scholarship reported $5.3M in total assets on its 2025 IRS Form 990-PF. It paid out $227K in qualifying distributions that year, against a required minimum of $250K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Larry K Sharpf Educational Scholarship's EIN?
Larry K Sharpf Educational Scholarship's EIN (Employer Identification Number) is 83-2219814. IRS Form 990 filing data is available on this page for 2020–2025.
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 2020–2025
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