Scholarship America Inc

Public charity · Grantmaker Minneapolis, MN EIN: 23-7039405

Scholarship America Inc is a public charity based in Minneapolis, Minnesota. Its stated mission is to eliminate barriers to educational success so that any student can pursue their dream. Its Dollars for Scholars affiliates provide local students with scholarships and academic support through a national network of community-based, volunteer-operated foundations.

Key facts about Scholarship America Inc

In short: Scholarship America Inc gave $681K across 17 grants in 2024 (avg $40K), top state Minnesota. 53% of 2024 grantees were new. Source: 2024 IRS Form 990.

EIN
23-7039405
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$680,540
Grants made (2024)
17
Average grant
$40,032
Median grant
$28,500
New grantees (estimate)
53% first-time grantees (9 of 17, 2024)
Total assets
$277,252,707
Primary geography
Minnesota (26% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$277.3M

+9.6% YoY

Annual Giving

$681K

-29.6% YoY

Grant Count

17

-5.6% YoY

Avg Grant Size

$40K

-25.5% YoY

Is Scholarship America Inc open to new grantees?

53%

first-time grantees, 2024

In 2024, 9 of 17 grantees (53%) were first-time recipients. First grants averaged $32K; repeat grants $49K. How we count

Medians: $28K first-time, $34K repeat.

  • 41% of 2024 grantees were also funded in 2023. Method
  • Giving fell 74% from 2021 to 2024. Method

Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

Scholarship America states that its mission is to eliminate barriers to educational success so that any student can pursue their dream. Its Dollars for Scholars affiliates provide scholarships and academic support, including mentoring, career planning, and help evaluating postsecondary education options. The filing says the affiliates’ volunteers receive training to raise scholarship funds and provide academic support.

The 2024 grants listed include investments to fund future scholarships and distributions of net assets, with several grants going to community foundations. The New Hampshire Charitable Foundation, which received $168,687, describes itself as a community foundation that awards grants and scholarships. The Putnam County Community Foundation, which received $47,881, says it partners with donors to enrich quality of life and strengthen community. The York County Community Foundation, which received $41,900, says it works to create a vibrant York County by engaging donors, providing community leadership, and investing in initiatives. These are the grantees’ descriptions of their own missions.

Grantmaking

In filing year 2024, Scholarship America reported 17 grants totaling $680,540. Grant amounts ranged from $5,545 to $168,687, with a median of $28,500. Among the largest grants were $168,687 to the New Hampshire Charitable Foundation for investment to fund future scholarships; $90,000 to the Northwest MN Foundation for distribution of net assets; $47,881 to the Putnam County Community Foundation for investment to fund future scholarships; and $45,000 to Ada-Borup-West ISD 2910 for distribution of net assets.

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Geographic Focus

Where this funder awards grants

The filing reports that 2024 grant dollars went chiefly to recipients in Minnesota (26%), New Hampshire (25%), and Indiana (14%), followed by Washington (9%) and Iowa (9%). These figures describe recipient locations for that filing year.

Grant Distribution by State

15states

Share of 2024 grant dollars across all 17 itemized grants.

Cities

GreencastleLawrenceburgPellaSpokaneFargoOmahaProvidenceUticaYorkConcordOlympiaRochesterAdaCedar FallsDubuqueElkhartNorth CreekAppletonBellevueBemidji

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M10 grants2020 19 grants2021 13 grants2022 18 grants2023 17 grants2024

From 2020 to 2024, annual grant giving ranged from $391K (2020) to $2.7M (2021). In 2024 it made 17 grants totaling $681K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

New Hampshire Charitable Foundation: $169KNew Hampshire CharitableFoundation$169KNorthwest MN Foundation: $90KNorthwest MN Foundation$90KPutnam County Community Foundation: $48KPutnam County CommunityFoundation$48KAda-Borup-West Isd 2910: $45KAda-Borup-West Isd 2910$45KAda Scholarship Foundation Inc: $45KAda Scholarship Foundation Inc$45KYork County Community Foundation: $42KYork County CommunityFoundation$42KCommunity Foundation of South Puget Sound: $40KCommunity Foundation of SouthPuget Sound$40KWashington County Community Foundation: $37KWashington County CommunityFoundation$37KCommunity Foundation of Herkimer and Oneida Counties: $29KCommunity Foundation ofHerkimer and Oneida Counties$29KCommunity Foundation of Greater Dubuque: $28KCommunity Foundation ofGreater Dubuque$28K

The largest 2024 recipient was New Hampshire Charitable Foundation ($169K). Together the top 10 received $571K.

Grant Size Distribution

77 grants across all recorded years

54<$50K13$50–100K6$100–250K1$250–500K3$500K–1M$1–5M$5M+

The most common grant size was under $50K: 54 grants of 77 (70%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
New Hampshire Charitable Foundation Concord, NHInvestment to Fund Future Scholarships$168,687
Northwest MN Foundation Bemidji, MNDistribution of Net Assets$90,000
Putnam County Community Foundation Greencastle, INInvestment to Fund Future Scholarships$47,881
Ada-Borup-West Isd 2910 Ada, MNDistribution of Net Assets$45,000
Ada Scholarship Foundation Inc Ada, MNDistribution of Net Assets$44,702
York County Community Foundation York, PAInvestment to Fund Future Scholarships$41,900
Community Foundation of South Puget Sound Olympia, WAInvestment to Fund Future Scholarships$40,000
Washington County Community Foundation Salem, INInvestment to Fund Future Scholarships$36,597
Community Foundation of Herkimer and Oneida Counties Utica, NYInvestment to Fund Future Scholarships$28,500
Community Foundation of Greater Dubuque Dubuque, IAInvestment to Fund Future Scholarships$28,030

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants
2024 $277,252,707 $42,758,638 $29,330,151 $680,540
2023 $253,059,625 $40,074,677 $27,906,725 $966,683
2022 $229,703,495 $29,151,786 $25,702,075 $469,509
Revenue
Expenses
Net Investment Income
$0$20M$40M$60M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$277,252,707$253,059,625$229,703,495
Revenue$42,758,638$40,074,677$29,151,786
Expenses$29,330,151$27,906,725$25,702,075
Net Investment Income$12,441,084$8,044,472$2,018,116

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS August 12, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS September 9, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS September 7, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS September 4, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS September 8, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Scholarship America Inc's only listed officer is See, Schedule O on every filing since 2020 (uncompensated).

Officers on the 2024 filing

  • See

    Schedule O

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Mailing address: 7900 International Drive 500, Minneapolis, MN 55425
Phone: (952) 830-7396

Frequently asked questions about Scholarship America Inc

How much does Scholarship America Inc give each year?

Scholarship America Inc gave $681K across 17 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $967K across 18 grants.

What is Scholarship America Inc's typical grant size?

Scholarship America Inc's median grant in 2024 was $28,500, and its average grant was $40,032, across 17 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Scholarship America Inc that year got $32K on average.

Where does Scholarship America Inc give grants?

Scholarship America Inc's top state is Minnesota, with 26% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were New Hampshire (25%) and Indiana (14%). The most frequent recipient cities were Ada, MN (2 grants).

Does Scholarship America Inc give general operating support?

Not in 2024: none of the 17 grants with a stated purpose on Scholarship America Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Investment to Fund Future Scholarships" (13 grants) and "Distribution of Net Assets" (4 grants).

Who are Scholarship America Inc's largest grantees?

Scholarship America Inc's largest 2024 grantees include New Hampshire Charitable Foundation ($168,687), Northwest MN Foundation ($90,000) and Putnam County Community Foundation ($47,881), according to its 2024 IRS Form 990. Together they received 45% of its itemized 2024 grant dollars.

How large is Scholarship America Inc?

Scholarship America Inc reported $277.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $42.8M.

What does Scholarship America Inc fund?

Scholarship America states that its mission is to eliminate barriers to educational success so that any student can pursue their dream. See mission & focus areas ↑

How do I apply for a grant from Scholarship America Inc?

Scholarship America Inc has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.

What is Scholarship America Inc's EIN?

Scholarship America Inc's EIN (Employer Identification Number) is 23-7039405. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.

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