Ross Scholarship Loan
Ross Scholarship Loan is a private foundation, based in Portland, ME. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $844K in total assets. In 2026, it made $27K in qualifying distributions. Net investment income was $25K.
Ross Scholarship Loan at a glance
- Total assets
- $843,688
- +6.6% vs 2025
- Revenue (2026)
- $54,260
- -17.9% vs 2025
- Qualifying distributions (2026)
- $27,153
- -6.8% vs 2025
- Expenses (2026)
- $2,194
- +56.2% vs 2025
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Ross Scholarship Loan funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Ross Scholarship Loan gives
- In 2026 it paid out 124% of its IRS minimum distribution (the 5% rule). 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 2021 to 2022, annual grant giving ranged from $1 (2022) to $424K (2021). In 2022 it made 1 grant totaling $1.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ross Loans - See Attached Portland, ME | Scholarship Loan | $1 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $843,688 | $54,260 | $2,194 | — | — | $27,153 | $24,952 | $21,977 |
| 2025 | $791,618 | $66,060 | $1,405 | — | — | $29,139 | $33,622 | $18,852 |
| 2024 | $729,454 | $39,140 | $1,263 | — | — | $32,632 | $9,188 | $16,029 |
| 2023 | $689,055 | $32,676 | $1,839 | — | — | $18,316 | $3,328 | $14,771 |
| 2022 | $658,442 | $49,271 | $1,500 | $1 | 1 | $8,210 | $24,776 | $13,859 |
| 2021 | $610,683 | $32,383 | $424,311 | $423,603 | 1 | — | $9,577 | $10,994 |
Under IRS private-foundation payout rules, Ross Scholarship Loan reported a distributable amount of $22K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Ross Scholarship Loan is led by Hm Payson Co, Trustee on every filing since 2021 — the only officer listed, and compensated.
Officers on the 2026 filing
Hm Payson Co
Trustee
On filings since 2021
1 hr/week
$503 (2021) → $506 (2026)
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $506, to HM Payson CO (Trustee).
Frequently asked questions about Ross Scholarship Loan
How large is Ross Scholarship Loan?
Ross Scholarship Loan reported $844K in total assets on its 2026 IRS Form 990-PF. It paid out $27K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets).
Where does Ross Scholarship Loan operate?
Ross Scholarship Loan has awarded grants in Maine.
What is Ross Scholarship Loan's EIN?
Ross Scholarship Loan's EIN (Employer Identification Number) is 01-6075602. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 4, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 8, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 25, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 23, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS June 5, 2025)
- Added Form 990-PF for fiscal year 2026 (received by the IRS May 19, 2026)
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