Margaret Holland Scholarship Fund Co First
Margaret Holland Scholarship Fund Co First is a private foundation based in Raleigh, an individual recipient Its 2025 filing reports 22 grants totaling $70,200 to charitable organizations.
Margaret Holland Scholarship Fund Co First at a glance
In short: Margaret Holland Scholarship Fund Co First gave $70K across 22 grants in 2025 (avg $3K), top state North Carolina. 37% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $70,200
- +14.9% vs 2024
- Grants made (2025)
- 22
- +46.7% vs 2024
- Average grant
- $3,191
- -21.7% vs 2024
- Median grant
- $2,000
- Total assets
- $1,283,916
- -0.2% vs 2024
- New grantees (estimate)
- 37% first-time grantees (7 of 19, 2025; small sample)
- Primary geography
- North Carolina (30% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Margaret Holland Scholarship Fund Co First
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation’s 2025 filing says it does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: PO Box 29522, Raleigh, NC 27626
Phone: (919) 716-7347
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Margaret Holland Scholarship Fund Co First funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was University of North Dakota ($10K). Together the top 10 received $50K.
Organizations only. It also paid 1 individual scholarship ($7,000), which are not listed by name.
Grant Size Distribution
80 grants across all recorded years
The most common grant size was under $50K: 80 grants of 80 (100%).
Geographic Focus
Where this funder awards grants
The 2025 grant dollars went to recipients in several states. The largest reported shares were an individual recipient (30%), Virginia (20%), North Dakota (14%), Idaho (10%), and an individual recipient (9%).
Grant Distribution by State
Share of 2025 grant dollars across all 22 itemized grants.
States
Cities
Is Margaret Holland Scholarship Fund Co First open to new grantees?
37%
first-time grantees, 2025
In 2025, 7 of 19 grantees (37%) were first-time recipients. With only 19 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $1K; repeat grants $4K. How we count
Medians: $1K first-time, $4K repeat.
- 47% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−12%). Method
- In 2025 it paid out 83% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $60K (2020) to $80K (2022). In 2025 it made 22 grants totaling $70K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of North Dakota Grand Forks, ND | General Purpose | $9,500 |
| University of Virginia Charlottesville, VA | Educational Scholarship | $7,000 |
| 1 individual scholarship Recipients not named | — | $7,000 |
| Bridgewater College Bridgewater, VA | General Purpose | $6,500 |
| University of South Carolina Columbia, SC | General Purpose | $6,500 |
| University of Michigan Ann Arbor, MI | General Purpose | $5,750 |
| Appalachian State University Boone, NC | General Purpose | $4,200 |
| North Carolina State University Raleigh, NC | General Purpose | $3,250 |
| University of North Carolina at Wilmingt Wilmington, NC | Scholarship | $3,075 |
| The Citadel Charleston, NC | Scholarship | $2,500 |
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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 | $1,283,916 | $74,439 | $85,612 | $70,200 | 22 | $70,200 | $60,648 | $84,893 |
| 2024 | $1,286,739 | $82,501 | $74,526 | $61,100 | 15 | $61,100 | $68,590 | $71,781 |
| 2023 | $1,276,807 | $-11,602 | $89,436 | $77,378 | 18 | $77,378 | $20,715 | $65,098 |
| 2022 | $1,380,018 | $82,903 | $95,940 | $80,210 | 15 | $80,210 | $70,046 | $71,137 |
| 2021 | $1,389,169 | $147,435 | $82,503 | $67,790 | 10 | $67,790 | $133,106 | $78,181 |
| 2020 | $1,320,010 | $68,496 | $73,147 | $60,300 | 10 | — | $56,433 | $66,960 |
Under IRS private-foundation payout rules, Margaret Holland Scholarship Fund Co First reported a distributable amount of $85K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included scholarship-designated grants and grants reported for general purposes. Recipients included colleges, universities, and university-related organizations. For example, Appalachian State University’s foundation says it supports university students, faculty, staff, and community through financial support, stewardship, and advocacy. An individual recipient Community College’s foundation says it supports the college, including through activities such as student scholarships.
Grantmaking
In filing year 2025, the foundation gave 22 grants totaling $70,200. Grants ranged from $250 to $9,500, with a median grant of $2,000.
Notable 2025 grants included $9,500 to the University of North Dakota; $7,000 each to the University of Virginia and Brigham Young University–Idaho; $6,500 each to Bridgewater College and the University of an individual recipient; $5,750 to the University of Michigan; and $4,200 to Appalachian State University.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists First Citizens Bank Trust Co as trustee.
Margaret Holland Scholarship Fund Co First's only listed officer is First Citizens Bank Trust CO, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
First Citizens Bank Trust CO
Trustee
On filings since 2020
20 hrs/week
$11K (2020) → $12K (2025)
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 $12K, to First Citizens Bank Trust CO (Trustee).
Frequently asked questions about Margaret Holland Scholarship Fund Co First
How much does Margaret Holland Scholarship Fund Co First give each year?
Margaret Holland Scholarship Fund Co First gave $70K across 22 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $61K across 15 grants.
What is Margaret Holland Scholarship Fund Co First's typical grant size?
Margaret Holland Scholarship Fund Co First's median grant in 2025 was $2,000, and its average grant was $3,191, across 22 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Margaret Holland Scholarship Fund Co First that year got $1K on average.
Where does Margaret Holland Scholarship Fund Co First give grants?
Margaret Holland Scholarship Fund Co First's top state is North Carolina, with 30% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Virginia (20%) and North Dakota (14%). The most frequent recipient cities were Greensboro, NC (2 grants).
Does Margaret Holland Scholarship Fund Co First give general operating support?
Yes: 36% of Margaret Holland Scholarship Fund Co First's 2025 grants with a stated purpose (8 of 22) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Scholarship" (10 grants).
Who are Margaret Holland Scholarship Fund Co First's largest grantees?
Margaret Holland Scholarship Fund Co First's largest 2025 grantees include University of North Dakota ($9,500), University of Virginia ($7,000) and Bridgewater College ($6,500), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($7,000), which are not listed by name. Together they received 33% of its itemized 2025 grant dollars.
How large is Margaret Holland Scholarship Fund Co First?
Margaret Holland Scholarship Fund Co First reported $1.3M in total assets on its 2025 IRS Form 990-PF. It paid out $70K in qualifying distributions that year, against a required minimum of $85K (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 does Margaret Holland Scholarship Fund Co First fund?
No mission statement for the foundation is provided. Its 2025 grants included scholarship-designated grants and grants reported for general purposes. Recipients included colleges, universities, and university-related organizations. See mission & focus areas ↑
How do I apply for a grant from Margaret Holland Scholarship Fund Co First?
The foundation’s 2025 filing says it does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Margaret Holland Scholarship Fund Co First's EIN?
Margaret Holland Scholarship Fund Co First's EIN (Employer Identification Number) is 47-6934471. IRS Form 990 filing data is available on this page for 2020–2025.
Does Margaret Holland Scholarship Fund Co First accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
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Cite this profile
Grantable. (2026). Margaret Holland Scholarship Fund Co First funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/margaret-holland-scholarship-fund-co-first-morg_b038f2322d3b4d0eb86f6758f432193b
BibTeX
@misc{grantable_476934471_2026,
author = {{Grantable}},
title = {{Margaret Holland Scholarship Fund Co First funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/margaret-holland-scholarship-fund-co-first-morg_b038f2322d3b4d0eb86f6758f432193b},
note = {Accessed 2026-10-05. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Margaret Holland Scholarship Fund Co First's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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