Mildred Towle Scholarship Trust
Mildred Towle Scholarship Trust is a private foundation focused on Education, based in Honolulu, HI. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 6 grants totaling $42K. Net investment income was $251K.
Key facts about Mildred Towle Scholarship Trust
In short: Mildred Towle Scholarship Trust gave $42K across 6 grants in 2025 (avg $7K), mostly in Hawaii. Source: 2025 IRS Form 990-PF.
- EIN
- 99-6050638
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $42,000
- Grants made (2025)
- 6
- Average grant
- $7,000
- Median grant
- $6,600
- Total assets
- $1,212,034
- Primary geography
- Hawaii (81% 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
$1.2M
+18.8% YoY
Annual Giving
$42K
-34.4% YoY
Grant Count
6
-14.3% YoY
Avg Grant Size
$7K
-23.4% YoY
Under IRS private-foundation payout rules, Mildred Towle Scholarship Trust reported a distributable amount of $65K for 2025 — the minimum it must pay out in qualifying distributions.
How Mildred Towle Scholarship Trust gives
- Giving fell 25% from 2022 to 2025. Method
- In 2025 it paid out 89% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 6 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $33K (2023) to $64K (2024). In 2025 it made 6 grants totaling $42K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was University of Hawaii Foundation ($11K). Together the top 6 received $42K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 32 grants of 32 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Hawaii Foundation Honolulu, HI | Scholarships | $11,000 |
| Boston University Boston, MA | Scholarships | $7,800 |
| Hawaii Pacific University Honolulu, HI | Scholarships | $6,600 |
| Chaminade University of Honolulu Honolulu, HI | Scholarships | $6,600 |
| University of Hawaii at Manoa Honolulu, HI | Scholarships | $6,000 |
| Pacific Rim Christian University Honolulu, HI | Scholarship | $4,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,212,034 | $1,020,652 | $1,067,066 |
| Revenue | $267,991 | $59,041 | $53,685 |
| Expenses | $75,956 | $105,246 | $55,466 |
| Qualifying Distributions | $57,877 | $88,326 | $39,811 |
| Net Investment Income | $250,878 | $42,844 | $37,698 |
| Distributable Amount | $65,028 | $64,184 | $59,142 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 20, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 30, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 12, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Mildred Towle Scholarship Trust's only listed officer is First Hawaiian Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2021 filing
The latest filing that lists officers: our copy of the 2022–2025 filings list none.
First Hawaiian Bank
Trustee
On filings since 2020
5 hrs/week
$21K (2020) → $22K (2021)
Data from IRS Form 990 filings, 2020–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2021 IRS filing
The highest reported compensation on the 2021 filing was $22K, to First Hawaiian Bank (Trustee).
Frequently asked questions about Mildred Towle Scholarship Trust
How much does Mildred Towle Scholarship Trust give each year?
Mildred Towle Scholarship Trust gave $42K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $64K across 7 grants.
What is Mildred Towle Scholarship Trust's typical grant size?
Mildred Towle Scholarship Trust's median grant in 2025 was $6,600, and its average grant was $7,000, across 6 grants on its 2025 IRS Form 990-PF.
Where does Mildred Towle Scholarship Trust give grants?
Mildred Towle Scholarship Trust gives mostly in Hawaii: 81% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Massachusetts (19%). The most frequent recipient cities were Honolulu, HI (5 grants).
Does Mildred Towle Scholarship Trust give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Mildred Towle Scholarship Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (5 grants).
Who are Mildred Towle Scholarship Trust's largest grantees?
Mildred Towle Scholarship Trust's largest 2025 grantees include University of Hawaii Foundation ($11,000), Boston University ($7,800) and Hawaii Pacific University ($6,600), according to its 2025 IRS Form 990-PF. Together they received 60% of its itemized 2025 grant dollars.
How large is Mildred Towle Scholarship Trust?
Mildred Towle Scholarship Trust reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $58K in qualifying distributions that year, against a required minimum of $65K (roughly 5% of its investment assets).
What is Mildred Towle Scholarship Trust?
Mildred Towle Scholarship Trust is a private foundation focused on Education, based in Honolulu, HI. It holds $1.2M in total assets as of 2025.
What is Mildred Towle Scholarship Trust's EIN?
Mildred Towle Scholarship Trust's EIN (Employer Identification Number) is 99-6050638. 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.
Here's the math on researching Mildred Towle Scholarship Trust by hand.
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