(SEE SCHEDULE O)
Financial Overview
From 2024 IRS Form 990-PF · 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
About Scholarship America Inc
Based on IRS filings
Scholarship America Inc is a nonprofit organization focused on Education, based in MINNEAPOLIS, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $277.3M in total assets. In 2024, it awarded 17 grants totaling $681K. Net investment income was $12.4M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $12,441,084 | $8,044,472 | $2,018,116 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
77 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New Hampshire Charitable Foundation ($168,687), Northwest Mn Foundation ($90,000), Putnam County Community Foundation ($47,881).
| Recipient | Purpose | Amount |
|---|---|---|
| PUTNAM COUNTY COMMUNITY FOUNDATION GREENCASTLE, IN | INVESTMENT TO FUND FUTURE SCHOLARSHIPS | $47,881 |
| INNOVIA FOUNDATION SPOKANE, WA | INVESTMENT TO FUND FUTURE SCHOLARSHIPS | $19,645 |
| ADA SCHOLARSHIP FOUNDATION INC ADA, MN | DISTRIBUTION OF NET ASSETS | $44,702 |
| ADA-BORUP-WEST ISD 2910 ADA, MN | DISTRIBUTION OF NET ASSETS | $45,000 |
| NORTHWEST MN FOUNDATION BEMIDJI, MN | DISTRIBUTION OF NET ASSETS | $90,000 |
| EAST IRONDEQUOIT CENTRAL SCHOOL DISTRICT ROCHESTER, NY | DISTRIBUTION OF NET ASSETS | $15,886 |
| WASHINGTON COUNTY COMMUNITY FOUNDATION SALEM, IN | INVESTMENT TO FUND FUTURE SCHOLARSHIPS | $36,597 |
| DEARBORN COMMUNITY FOUNDATION LAWRENCEBURG, IN | INVESTMENT TO FUND FUTURE SCHOLARSHIPS | $10,000 |
| SOUTH CENTRAL IOWA COMMUNITY FOUNDATION (SCICF) CHARITON, IA | INVESTMENT TO FUND FUTURE SCHOLARSHIPS | $5,545 |
| OMAHA COMMUNITY FOUNDATION OMAHA, NE | INVESTMENT TO FUND FUTURE SCHOLARSHIPS | $27,396 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SEE | SCHEDULE O | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Scholarship America Inc?
Scholarship America Inc is a nonprofit organization focused on Education, based in MINNEAPOLIS, MN. It holds $277.3M in total assets as of 2024.
How large is Scholarship America Inc?
As of 2024, Scholarship America Inc holds $277.3M in total assets with $42.8M in annual revenue. It awarded 17 grants totaling $681K in 2024.
Where does Scholarship America Inc operate?
Scholarship America Inc has awarded grants in Alabama, Arizona, Iowa, Indiana, Massachusetts, Maine, Minnesota, North Dakota, Nebraska, New Hampshire, New York, Pennsylvania, Rhode Island, Vermont, Washington.
What size grants does Scholarship America Inc award?
In 2024, Scholarship America Inc awarded 17 grants totaling $681K — an average of about $40K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Scholarship America Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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