Morgan and Mary G Hand Scholarship
Morgan and Mary G Hand Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RED BANK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $366K in total assets. In 2024, it awarded 11 grants totaling $17K. Net investment income was $70K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$366K
+15.1% YoY
Annual Giving
$17K
-35.3% YoY
Grant Count
11
+0.0% YoY
Avg Grant Size
$2K
-35.3% YoY
Under IRS private-foundation payout rules, Morgan and Mary G Hand Scholarship reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.
About Morgan and Mary G Hand Scholarship
Based on IRS filings
Morgan and Mary G Hand Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RED BANK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $366K in total assets. In 2024, it awarded 11 grants totaling $17K. Net investment income was $70K.
Focus Areas
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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 | $365,853 | $317,950 | $341,273 |
| Revenue | $76,239 | $14,365 | $12,987 |
| Expenses | $28,262 | $37,629 | $43,617 |
| Qualifying Distributions | $22,291 | $31,527 | $35,420 |
| Net Investment Income | $70,268 | $8,263 | $4,795 |
| Distributable Amount | $25,968 | $24,442 | $24,110 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Colorado State University ($3,500), Coastal Carolina University ($2,200), Rowan University ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COASTAL CAROLINA UNIVERSITY CONWAY, SC | SCHOLARSHIP | $2,200 |
| COLORADO STATE UNIVERSITY FORT COLLINS, CO | SCHOLARSHIPS | $3,500 |
| CORNELL UNIVERSITY ITHACA, NY | SCHOLARSHIPS | $1,000 |
| NORTHEASTERN UNIVERSITY BOSTON, MA | SCHOLARSHIP | $1,000 |
| ROWAN UNIVERSITY GLASSBORO, NJ | SCHOLARSHIPS | $2,000 |
| UNIVERSITY OF CONNECTICUT STORRS, CT | SCHOLARSHIPS | $1,000 |
| UNIVERSITY OF DELAWARE NEWARK, DE | SCHOLARSHIPS | $1,500 |
| UNIVERSITY OF RHODE ISLAND KINGSTON, RI | SCHOLARSHIP | $1,500 |
| UNIVERSITY OF SOUTH CAROLINA COLUMBIA, SC | SCHOLARSHIPS | $1,000 |
| UNIVERSITY OF VERMONT BURLINGTON, VT | SCHOLARSHIPS | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| OCEANFIRST BANK NA | CO-TRUSTEE | 1 | — |
| DOUGLAS K WALKER ESQUIRE | CO-TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Morgan and Mary G Hand Scholarship?
Morgan and Mary G Hand Scholarship is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RED BANK, NJ. It holds $366K in total assets as of 2024.
How large is Morgan and Mary G Hand Scholarship?
As of 2024, Morgan and Mary G Hand Scholarship holds $366K in total assets with $76K in annual revenue. It awarded 11 grants totaling $17K in 2024.
Where does Morgan and Mary G Hand Scholarship operate?
Morgan and Mary G Hand Scholarship has awarded grants in Alabama, California, Colorado, Connecticut, Delaware, Florida, Illinois, Massachusetts, Maryland, New Jersey, New York, Pennsylvania, Rhode Island, South Carolina, Utah, Virginia, Vermont.
What size grants does Morgan and Mary G Hand Scholarship award?
In 2024, Morgan and Mary G Hand Scholarship awarded 11 grants totaling $17K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Morgan and Mary G Hand Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Morgan and Mary G Hand Scholarship reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Morgan and Mary G Hand Scholarship's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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