Scholarship Foundation Inc
Scholarship Foundation Inc is a private foundation, based in SHEFFIELD, AL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.5M in total assets. In 2025, it awarded 16 grants totaling $92K. Net investment income was $23K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.5M
+2.3% YoY
Annual Giving
$92K
+17.9% YoY
Grant Count
16
-5.9% YoY
Avg Grant Size
$6K
+25.3% YoY
About Scholarship Foundation Inc
Based on IRS filings
Scholarship Foundation Inc is a private foundation, based in SHEFFIELD, AL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.5M in total assets. In 2025, it awarded 16 grants totaling $92K. Net investment income was $23K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,473,403 | $1,440,296 | $1,335,454 |
| Revenue | $22,988 | $23,652 | $21,851 |
| Expenses | $2,636 | $2,258 | $4,540 |
| Qualifying Distributions | $92,000 | $78,000 | $69,000 |
| Net Investment Income | $22,988 | $23,652 | $21,851 |
| Distributable Amount | — | $64,547 | $60,561 |
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 2025
Grant Size Distribution
61 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Alabama Service Project ($35,000), Harvesters of Hope ($10,000), University of the South ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF NORTH ALABAMA FLORENCE, AL | SCHOLARSHIP | $2,000 |
| NW SHOALS COMM COLLEGE MUSCLE SHOALS, AL | SCHOLARSHIP | $1,000 |
| ALABAMA SERVICE PROJECT SEWANEE, TN | SCHOLARSHIP FINANCIAL AID | $5,000 |
| UNIVERSITY OF ALABAMA SCHOLAR FOUND TUSCALOOSA, AL | SCHOLARSHIP ENDOWED FUND | $5,000 |
| NATIONAL ALUMNI ASSOC TUSCALOOSA, AL | SCHOLARSHIP R HOOD | $4,000 |
| UNIVERSITY OF NORTH ALABAMA FLORENCE, AL | SCHOLARSHIP ML KING | $4,000 |
| HARVESTERS OF HOPE TUSCALOOSA, AL | SCHOLARSHIP | $10,000 |
| NATIONAL ALUMNI ASSOC ON UNIV OF AL TUSCALOOSA, AL | BOOK SCHOLARSHIP COLBERT CO CHAPTER | $1,000 |
| ALABAMA SERVICE PROJECT BIRMINGHAM, AL | ALABAMA EDUC PROJ GOOD SHEPHARD MONTGOMERY | $35,000 |
| HELEN KELLER TUSCUMBIA, AL | HELEN KELLER LIBRARY | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HOWELL T HEFLIN JR | PRESIDENT | — | — |
| CORNELIA HEFLIN | SECRETARYTREASURER | — | — |
Frequently Asked Questions
How large is Scholarship Foundation Inc?
As of 2025, Scholarship Foundation Inc holds $1.5M in total assets with $23K in annual revenue. It awarded 16 grants totaling $92K in 2025.
Where does Scholarship Foundation Inc operate?
Scholarship Foundation Inc has awarded grants in Alabama, Tennessee.
What size grants does Scholarship Foundation Inc award?
In 2025, Scholarship Foundation Inc awarded 16 grants totaling $92K — an average of about $6K per grant, based on its IRS Form 990 filings.
What is Scholarship Foundation Inc's EIN?
Scholarship Foundation Inc's EIN (Employer Identification Number) is 58-2110562. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Scholarship Foundation 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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