Morgan and Mary G Hand Scholarship
Morgan and Mary G Hand Scholarship is a private foundation based in Red Bank, an individual recipient Its 2025 filing reports grants for scholarships to colleges and universities.
Morgan and Mary G Hand Scholarship at a glance
In short: Morgan and Mary G Hand Scholarship gave $33K across 15 grants in 2025 (avg $2K), top state New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $33,000
- +97.6% vs 2024
- Grants made (2025)
- 15
- +36.4% vs 2024
- Average grant
- $2,200
- +44.9% vs 2024
- Median grant
- $2,000
- Total assets
- $511,962
- +39.9% vs 2024
- Primary geography
- New Jersey (36% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Morgan and Mary G Hand Scholarship
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The foundation accepts unsolicited requests. Its filing lists the contact as Mary G Hand Scholarship Fund and says applicants may submit any form and materials. Awards are based on need, performance, and a personal interview.
- Review Cycle
- April 1 annually. The 2026 deadline has passed.
- Deadline
- April 1 annually.
- Contact
Application contact: Mary G Hand Scholarship Fund
Mailing address: 110 West Front Street, Red Bank, NJ 07701
Phone: (888) 623-2633
Email: rokeefe@oceanfirst.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Morgan and Mary G Hand Scholarship funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Rowan University ($4K). Together the top 10 received $24K.
Organizations only. It also paid 1 individual scholarship ($2,000), which are not listed by name.
Grant Size Distribution
50 grants across all recorded years
The most common grant size was under $50K: 50 grants of 50 (100%).
Geographic Focus
Where this funder awards grants
In 2025, the largest shares of grant dollars went to recipients in an individual recipient (36%), Massachusetts (18%), South Carolina (9%), Rhode Island (6%), and Florida (6%). The listed grants also included recipients in Pennsylvania, New York, and Connecticut.
Grant Distribution by State
Share of 2025 grant dollars across all 15 itemized grants.
States
Cities
How Morgan and Mary G Hand Scholarship gives
- 43% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+6%). Method
- In 2025 it paid out 152% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (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 2019 to 2025, annual grant giving ranged from $1K (2021) to $33K (2025). In 2025 it made 15 grants totaling $33K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rowan University Glassboro, NJ | Scholarships | $4,000 |
| Stevens Institute of Technology Hoboken, NJ | Scholarships | $4,000 |
| Boston University Boston, MA | Scholarships | $2,000 |
| Brown University Providence, RI | Scholarships | $2,000 |
| 1 individual scholarship Recipients not named | — | $2,000 |
| Harvard University Cambridge, MA | Scholarships | $2,000 |
| Northeastern University Boston, MA | Scholarship | $2,000 |
| Philadelphia College of Osteopathis Philadelphia, PA | Scholarships | $2,000 |
| Princeton University Princeton, NJ | Scholarships | $2,000 |
| Rochester Institute of Technology Rochester, NY | Scholarships | $2,000 |
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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 | $511,962 | $191,270 | $45,159 | $33,000 | 15 | $38,109 | $184,220 | $25,014 |
| 2024 | $365,853 | $76,239 | $28,262 | $16,700 | 11 | $22,291 | $70,268 | $25,968 |
| 2023 | $317,950 | $14,365 | $37,629 | $25,800 | 11 | $31,527 | $8,263 | $24,442 |
| 2022 | $341,273 | $12,987 | $43,617 | $31,000 | 12 | $35,420 | $4,795 | $24,110 |
| 2021 | $371,904 | $43,989 | $32,291 | $1,000 | 1 | $11,418 | $23,115 | $26,286 |
| 2020 | $360,207 | $9,817 | $20,753 | $10,500 | 8 | — | $5,617 | $22,953 |
| 2019 | $371,295 | $24,483 | $29,911 | $16,500 | 13 | — | $18,098 | $22,287 |
Under IRS private-foundation payout rules, Morgan and Mary G Hand Scholarship reported a distributable amount of $25K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Grantmaking
In 2025, the foundation reported 15 grants totaling $33,000. Grants ranged from $1,000 to $4,000, with a median of $2,000. The largest listed awards were $4,000 each to Rowan University and Stevens Institute of Technology. Other listed recipients receiving $2,000 each included Boston University, Brown University, Embry-Riddle Aeronautical University, Harvard University, Northeastern University, Philadelphia College of Osteopathic Medicine, Princeton University, Rochester Institute of Technology, Stockton University, and the University of Connecticut.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists OceanFirst Bank NA and Douglas K Walker Esquire as co-trustees.
Morgan and Mary G Hand Scholarship's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Douglas K. Walker Esquire
Co-Trustee
On filings since 2021
1 hr/week
$4K (2021) → $0 (2025)
Oceanfirst Bank NA
Co-Trustee
On filings since 2021
1 hr/week
$6K (2021) → $0 (2025)
Former officers (3)
- Former: Wells Fargo Bank NA (2020–2021) — Trustee Termination
- Former: Wells Fargo Bank N A (2019) — Co-Trustee
- Former: William J. Hughes (2019) — Co-Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $5K, to Douglas K Walker Esquire (Co-Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Morgan and Mary G Hand Scholarship
How much does Morgan and Mary G Hand Scholarship give each year?
Morgan and Mary G Hand Scholarship gave $33K across 15 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $17K across 11 grants.
What is Morgan and Mary G Hand Scholarship's typical grant size?
Morgan and Mary G Hand Scholarship's median grant in 2025 was $2,000, and its average grant was $2,200, across 15 grants on its 2025 IRS Form 990-PF.
Where does Morgan and Mary G Hand Scholarship give grants?
Morgan and Mary G Hand Scholarship's top state is New Jersey, with 36% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Massachusetts (18%) and South Carolina (9%). The most frequent recipient cities were Boston, MA (2 grants).
Does Morgan and Mary G Hand Scholarship give general operating support?
Not in 2025: none of the 15 grants with a stated purpose on Morgan and Mary G Hand Scholarship's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (13 grants).
Who are Morgan and Mary G Hand Scholarship's largest grantees?
Morgan and Mary G Hand Scholarship's largest 2025 grantees include Rowan University ($4,000), Stevens Institute of Technology ($4,000) and Boston University ($2,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($2,000), which are not listed by name. Together they received 30% of its itemized 2025 grant dollars.
How large is Morgan and Mary G Hand Scholarship?
Morgan and Mary G Hand Scholarship reported $512K in total assets on its 2025 IRS Form 990-PF. It paid out $38K in qualifying distributions that year, against a required minimum of $25K (roughly 5% of its investment assets).
How do I apply for a grant from Morgan and Mary G Hand Scholarship?
The foundation accepts unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Morgan and Mary G Hand Scholarship's EIN?
Morgan and Mary G Hand Scholarship's EIN (Employer Identification Number) is 23-7873029. IRS Form 990 filing data is available on this page for 2019–2025.
Does Morgan and Mary G Hand Scholarship accept unsolicited proposals?
Yes, 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 6, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 29, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 25, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 1, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 2, 2024)
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