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.
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.
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
Share of 2024 grant dollars across all 17 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
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
The most common grant size was under $50K: 54 grants of 77 (70%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New Hampshire Charitable Foundation Concord, NH | Investment to Fund Future Scholarships | $168,687 |
| Northwest MN Foundation Bemidji, MN | Distribution of Net Assets | $90,000 |
| Putnam County Community Foundation Greencastle, IN | Investment to Fund Future Scholarships | $47,881 |
| Ada-Borup-West Isd 2910 Ada, MN | Distribution of Net Assets | $45,000 |
| Ada Scholarship Foundation Inc Ada, MN | Distribution of Net Assets | $44,702 |
| York County Community Foundation York, PA | Investment to Fund Future Scholarships | $41,900 |
| Community Foundation of South Puget Sound Olympia, WA | Investment to Fund Future Scholarships | $40,000 |
| Washington County Community Foundation Salem, IN | Investment to Fund Future Scholarships | $36,597 |
| Community Foundation of Herkimer and Oneida Counties Utica, NY | Investment to Fund Future Scholarships | $28,500 |
| Community Foundation of Greater Dubuque Dubuque, IA | Investment 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 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
- Updated Form 990 for fiscal year 2020 (received by the IRS August 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS September 9, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS September 7, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 4, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 8, 2025)
- 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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