Scholarship Foundation Inc

SHEFFIELD, AL EIN: 58-2110562

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.

Ready to take the next step with Scholarship Foundation Inc?

Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

BirminghamFlorenceMuscle ShoalsSewaneeSheffieldTuscaloosaTuscumbia

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$25K$51K$76K$101K20212022202320242025
Metric202520242023
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

$0$23K$46K$69K$92K13 grants20216 grants20229 grants202317 grants202416 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

ALABAMA SERVICE PROJECT$35KHARVESTERS OF HOPE$10KUNIVERSITY OF THE SOUTH$10KALABAMA SERVICE PROJECT$5KUNIVERSITY OF ALABAMA SC…$5KUNVERSITY OF ALABAMA CLA…$5KNATIONAL ALUMNI ASSOC$4KUNIVERSITY OF NORTH ALAB…$4KUNIVERSITY OF NORTH ALAB…$2KHELEN KELLER$2K

Grant Size Distribution

61 grants across all recorded years

59<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

NameTitleHoursCompensation
HOWELL T HEFLIN JRPRESIDENT
CORNELIA HEFLINSECRETARYTREASURER

Related Funders

Similar funders by location and focus area

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

What could you do with Scholarship Foundation Inc on Grantable?

  • Assess strategic fit with your organization
  • Draft a tailored letter of inquiry
  • Find open RFPs from this funder
  • Monitor for new funding opportunities