Linda Fitts Scholarship Fund

Private foundation · Grantmaker Henrico, NC EIN: 77-0662384

Linda Fitts Scholarship Fund is a private foundation focused on Education, based in Henrico, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $9K in total assets. In 2025, it awarded 1 grant totaling $3K. Net investment income was $463.

Key facts about Linda Fitts Scholarship Fund

In short: Linda Fitts Scholarship Fund gave $3K across 1 grant in 2025 (avg $3K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.

EIN
77-0662384
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$2,500
Grants made (2025)
1
Average grant
$2,500
Median grant
$2,500
Total assets
$8,526
Primary geography
North Carolina (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$9K

-19.2% YoY

Annual Giving

$3K

+0.0% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$3K

+0.0% YoY

Under IRS private-foundation payout rules, Linda Fitts Scholarship Fund reported a distributable amount of $564 for 2025 — the minimum it must pay out in qualifying distributions.

How Linda Fitts Scholarship Fund gives

  • Giving held roughly steady from 2022 to 2025 (+0%). Method
  • In 2025 it paid out 443% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of the 2025 grant dollars on its one itemized grant.

Cities

GreenvilleRaleighSt AugustineColumbiaLexington

Giving Over Time

Total grant dollars and number of grants per year

$0$2K$4K$6K2 grants2021 1 grant2022 3 grants2023 1 grant2024 1 grant2025

From 2021 to 2025, annual grant giving ranged from $3K (2022) to $5K (2021). In 2025 it made 1 grant totaling $3K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

NC State University: $3KNC State University$3K

The largest 2025 recipient was NC State University ($3K).

Grant Size Distribution

8 grants across all recorded years

8<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 8 grants of 8 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
NC State University Raleigh, NCEducational Grant$2,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2K$4K$6K$8K2021 2022 2023 2024 2025
Metric202520242023
Total Assets$8,526$10,549$12,851
Revenue$1,238$948$843
Expenses$3,261$3,250$3,715
Qualifying Distributions$2,500$2,500$3,000
Net Investment Income$463$198$128
Distributable Amount$564$616$828

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2025

Leadership & Key People

Officers and directors from IRS filings

Linda Fitts Scholarship Fund is led by Beverly Noland, Chairman on every filing since 2021; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Beverly Noland

    Chairman

    On filings since 2021

    1 hr/week

    No compensation reported

  • Marilyn Dunnill

    Treasurer

    On filings since 2021

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Linda Fitts Scholarship Fund

How much does Linda Fitts Scholarship Fund give each year?

Linda Fitts Scholarship Fund gave $3K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3K across 1 grant.

How large is Linda Fitts Scholarship Fund?

Linda Fitts Scholarship Fund reported $9K in total assets on its 2025 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $564 (roughly 5% of its investment assets).

What is Linda Fitts Scholarship Fund?

Linda Fitts Scholarship Fund is a private foundation focused on Education, based in Henrico, NC. It holds $9K in total assets as of 2025.

Where does Linda Fitts Scholarship Fund operate?

Linda Fitts Scholarship Fund has awarded grants in Florida, North Carolina, South Carolina, Virginia.

What is Linda Fitts Scholarship Fund's EIN?

Linda Fitts Scholarship Fund's EIN (Employer Identification Number) is 77-0662384. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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