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.
Key facts about Scholarship Foundation Inc
- EIN
- 58-2110562
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $92,000
- Grants made (2025)
- 16
- Average grant
- $5,750
- Median grant
- $3,000
- New grantees (estimate)
- 17% first-time grantees (2 of 12, 2025)
- Total assets
- $1,473,403
- Primary geography
- Alabama (84% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Scholarship Foundation Inc funds
By grant dollars, the top recipient states for Scholarship Foundation Inc's 16 itemized 2025 grants were Alabama (84%) and Tennessee (16%). The most frequent recipient cities were Tuscaloosa, AL (5 grants), Florence, AL (3 grants), Tuscumbia, AL (3 grants) and Sewanee, TN (2 grants). None of its 16 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship" (4 grants).
Is Scholarship Foundation Inc open to new grantees?
17%
first-time grantees, 2025
In 2025, 2 of 12 grantees (17%) were first-time recipients. First grants averaged $3K; repeat grants $7K. How we count
Medians: $3K first-time, $2K repeat.
- 58% of 2025 grantees were also funded in 2024. Method
- Giving grew 48% from 2022 to 2025. Method
- In 2024 it paid out 121% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Scholarship Foundation Inc
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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.
Ready to take the next step with Scholarship Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 16 itemized 2025 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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 recipients include Alabama Service Project ($40,000 across 2 grants), Harvesters of Hope ($10,000), University of the South ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALABAMA SERVICE PROJECT Birmingham, AL | ALABAMA EDUC PROJ GOOD SHEPHARD MONTGOMERY | $35,000 |
| HARVESTERS OF HOPE Tuscaloosa, AL | SCHOLARSHIP | $10,000 |
| UNIVERSITY OF THE SOUTH Sewanee, TN | SCHOLARSHIP | $10,000 |
| ALABAMA SERVICE PROJECT Sewanee, TN | SCHOLARSHIP FINANCIAL AID | $5,000 |
| UNIVERSITY OF ALABAMA SCHOLAR FOUND Tuscaloosa, AL | SCHOLARSHIP ENDOWED FUND | $5,000 |
| UNVERSITY OF ALABAMA CLASS 79 Tuscaloosa, AL | LAW SCHOOL FOUNDATION | $5,000 |
| NATIONAL ALUMNI ASSOC Tuscaloosa, AL | SCHOLARSHIP R HOOD | $4,000 |
| UNIVERSITY OF NORTH ALABAMA Florence, AL | SCHOLARSHIP ML KING | $4,000 |
| UNIVERSITY OF NORTH ALABAMA Florence, AL | SCHOLARSHIP | $2,000 |
| HELEN KELLER Tuscumbia, AL | HELEN KELLER LIBRARY | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2025 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.