Paul Jepsen Scholarship Foundation
Paul Jepsen Scholarship Foundation is a private foundation focused on Education, based in Naples, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.6M in total assets. In 2025, it awarded 3 grants totaling $1.2M. Net investment income was $219K.
Key facts about Paul Jepsen Scholarship Foundation
In short: Paul Jepsen Scholarship Foundation gave $1.2M across 3 grants in 2025 (avg $395K), mostly in District of Columbia. Source: 2025 IRS Form 990-PF.
- EIN
- 06-1625705
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $1,185,000
- Grants made (2025)
- 3
- Average grant
- $395,000
- Median grant
- $160,000
- Total assets
- $3,573,304
- Primary geography
- District of Columbia (84% 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
$3.6M
-21.0% YoY
Annual Giving
$1.2M
+248.5% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$395K
+132.4% YoY
Under IRS private-foundation payout rules, Paul Jepsen Scholarship Foundation reported a distributable amount of $262K for 2025 — the minimum it must pay out in qualifying distributions.
How Paul Jepsen Scholarship Foundation gives
- Giving grew 888% from 2022 to 2025. Method
- In 2025 it paid out 452% of its IRS minimum distribution (the 5% rule). 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 2025 grant dollars across all 3 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $120K (2022) to $1.2M (2025). In 2025 it made 3 grants totaling $1.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Joseph Fund Woodson Center ($1.0M). Together the top 3 received $1.2M.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was in the $100–250K range: 7 grants of 9 (78%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Joseph Fund Woodson Center Washington, DC | Disburse funds to non-profit activities primarily Piney Woods School | $1,000,000 |
| Central High School Foundation Omaha, NE | Distribute college scholarships to high school seniors | $160,000 |
| MVY Youth Chilmark, MA | Distribute college scholarships to high school seniors | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,573,304 | $4,520,638 | $1,472,103 |
| Revenue | $259,470 | $3,397,226 | $178,717 |
| Expenses | $1,206,804 | $348,691 | $126,944 |
| Qualifying Distributions | $1,185,000 | $340,000 | $120,000 |
| Net Investment Income | $219,399 | $229,599 | $48,736 |
| Distributable Amount | $262,241 | $124,179 | $74,529 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Paul Jepsen Scholarship Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Edward Jepsen
Trustee
On filings since 2020
1 hr/week
No compensation reported
Holly Hoberman
Trustee
On filings since 2020
1 hr/week
No compensation reported
Jackie McLellon
Trustee
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about Paul Jepsen Scholarship Foundation
How much does Paul Jepsen Scholarship Foundation give each year?
Paul Jepsen Scholarship Foundation gave $1.2M across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $340K across 2 grants.
What is Paul Jepsen Scholarship Foundation's typical grant size?
Paul Jepsen Scholarship Foundation's median grant in 2025 was $160,000, and its average grant was $395,000, across 3 grants on its 2025 IRS Form 990-PF.
Where does Paul Jepsen Scholarship Foundation give grants?
Paul Jepsen Scholarship Foundation gives mostly in District of Columbia: 84% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Nebraska (14%).
Does Paul Jepsen Scholarship Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Paul Jepsen Scholarship Foundation's 2025 IRS Form 990-PF were described as general or operating support.
How large is Paul Jepsen Scholarship Foundation?
Paul Jepsen Scholarship Foundation reported $3.6M in total assets on its 2025 IRS Form 990-PF. It paid out $1.2M in qualifying distributions that year, against a required minimum of $262K (roughly 5% of its investment assets).
What is Paul Jepsen Scholarship Foundation?
Paul Jepsen Scholarship Foundation is a private foundation focused on Education, based in Naples, FL. It holds $3.6M in total assets as of 2025.
What is Paul Jepsen Scholarship Foundation's EIN?
Paul Jepsen Scholarship Foundation's EIN (Employer Identification Number) is 06-1625705. 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.
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