Paul Jepsen Scholarship Foundation

Private foundation · Grantmaker Naples, FL EIN: 06-1625705

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

5states

Share of 2025 grant dollars across all 3 itemized grants.

Cities

OmahaPiney WoodsChilmarkStorrsWashington

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M2 grants2020 2 grants2021 1 grant2022 1 grant2023 2 grants2024 3 grants2025

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

Joseph Fund Woodson Center: $1.0MJoseph Fund Woodson Center$1.0MCentral High School Foundation: $160KCentral High School Foundation$160KMVY Youth: $25KMVY Youth$25K

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

1<$50K$50–100K7$100–250K$250–500K$500K–1M1$1–5M$5M+

The most common grant size was in the $100–250K range: 7 grants of 9 (78%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Joseph Fund Woodson Center Washington, DCDisburse funds to non-profit activities primarily Piney Woods School$1,000,000
Central High School Foundation Omaha, NEDistribute college scholarships to high school seniors$160,000
MVY Youth Chilmark, MADistribute college scholarships to high school seniors$25,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$4M2020 2021 2022 2023 2024 2025
Metric202520242023
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

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
  2. 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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