Mclean J B Scholarship Fd
Mclean J B Scholarship Fd is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $366K in total assets. In 2024, it awarded 1 grants totaling $14K. Net investment income was $32K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$366K
+3.9% YoY
Annual Giving
$14K
+10.3% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$14K
+10.3% YoY
Under IRS private-foundation payout rules, Mclean J B Scholarship Fd reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.
About Mclean J B Scholarship Fd
Based on IRS filings
Mclean J B Scholarship Fd is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $366K in total assets. In 2024, it awarded 1 grants totaling $14K. Net investment income was $32K.
Ready to take the next step with Mclean J B Scholarship Fd?
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 | $366,153 | $352,504 | $362,182 |
| Revenue | $36,420 | $11,183 | $-7,455 |
| Expenses | $22,387 | $20,728 | $27,961 |
| Qualifying Distributions | $18,501 | $17,386 | $22,715 |
| Net Investment Income | $32,194 | $6,632 | $4,042 |
| Distributable Amount | $20,679 | $18,880 | $19,380 |
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
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Attached Statement ($14,337).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHED STATEMENT SEE ATTACHED, RI | SCHOLARSHIPS | $14,337 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $6,106 |
Frequently Asked Questions
How large is Mclean J B Scholarship Fd?
As of 2024, Mclean J B Scholarship Fd holds $366K in total assets with $36K in annual revenue. It awarded 1 grants totaling $14K in 2024.
Where does Mclean J B Scholarship Fd operate?
Mclean J B Scholarship Fd has awarded grants in Rhode Island.
What size grants does Mclean J B Scholarship Fd award?
In 2024, Mclean J B Scholarship Fd awarded 1 grants totaling $14K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Mclean J B Scholarship Fd required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mclean J B Scholarship Fd reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mclean J B Scholarship Fd's EIN?
Mclean J B Scholarship Fd's EIN (Employer Identification Number) is 06-6032660. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.