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.
Mildred Towle Scholarship Trust at a glance
In short: Mildred Towle Scholarship Trust gave $42K across 6 grants in 2025 (avg $7K), mostly in Hawaii. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $42,000
- -34.4% vs 2024
- Grants made (2025)
- 6
- -14.3% vs 2024
- Average grant
- $7,000
- -23.4% vs 2024
- Median grant
- $6,600
- Total assets
- $1,212,034
- +18.8% vs 2024
- Primary geography
- Hawaii (81% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Mildred Towle Scholarship Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was University of Hawaii Foundation ($11K). Together the top 5 received $38K.
Organizations only. It also paid 1 individual scholarship ($4,000), which are not listed by name.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 32 grants of 32 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
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.
Giving History
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.
Grants by year
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 Foundation Honolulu, HI | Scholarships | $6,000 |
| 1 individual scholarship Recipients not named | — | $4,000 |
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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 | $1,212,034 | $267,991 | $75,956 | $42,000 | 6 | $57,877 | $250,878 | $65,028 |
| 2024 | $1,020,652 | $59,041 | $105,246 | $64,000 | 7 | $88,326 | $42,844 | $64,184 |
| 2023 | $1,067,066 | $53,685 | $55,466 | $33,000 | 5 | $39,811 | $37,698 | $59,142 |
| 2022 | $1,072,729 | $37,694 | $90,206 | $56,000 | 6 | $71,767 | $20,709 | $64,448 |
| 2021 | $1,125,148 | $84,710 | $93,549 | $61,000 | 8 | — | $65,157 | $67,446 |
| 2020 | $1,133,936 | $34,797 | $72,280 | $38,000 | 9 | — | $17,860 | $60,173 |
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.
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 2025 filing
First Hawaiian Bank
Trustee
On filings since 2020
5 hrs/week
$21K (2020) → $22K (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 $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 (4 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. It also paid 1 individual scholarship ($4,000), which are not listed by name. 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). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- 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)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 9, 2021)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Mildred Towle Scholarship Trust funds
Education Open opportunities, soonest deadline first.
- Creative Impact Grants $500 - $2,500 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Mildred Towle Scholarship Trust's focus areas in our free grants database
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