Scholarship Fund Of Kappa Sigma
Scholarship Fund Of Kappa Sigma is a private foundation, based in Swampscott, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $19K in total assets. In 2024, it awarded 7 grants totaling $21K. Net investment income was $4K.
Scholarship Fund Of Kappa Sigma at a glance
In short: Scholarship Fund Of Kappa Sigma gave $21K across 7 grants in 2024 (avg $3K), top state Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $21,000
- +500.0% vs 2023
- Grants made (2024)
- 7
- +600.0% vs 2023
- Average grant
- $3,000
- -14.3% vs 2023
- Median grant
- $3,000
- Total assets
- $19,219
- -51.6% vs 2023
- Primary geography
- Massachusetts (43% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Scholarship Fund Of Kappa Sigma funds
How this funder distributes its grants
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 14 grants of 14 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Scholarship Fund Of Kappa Sigma gives
- Giving grew 600% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3K (2021) to $21K (2024). In 2024 it made 7 grants totaling $21K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 7 individual scholarships Recipients not named | — | $21,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $19,219 | $4,519 | $27,305 | $21,000 | 7 | $26,679 | $3,893 | $1,449 |
| 2023 | $39,713 | $2,610 | $12,476 | $3,500 | 1 | $11,579 | $1,713 | $2,166 |
| 2022 | $49,579 | $3,775 | $9,525 | $3,000 | 1 | $8,769 | $3,139 | $2,762 |
| 2021 | $55,329 | $4,213 | $8,867 | $3,000 | 1 | $8,202 | $3,641 | $3,261 |
| 2020 | $59,983 | $7,113 | $18,138 | $12,000 | 4 | — | $6,308 | $3,568 |
Under IRS private-foundation payout rules, Scholarship Fund Of Kappa Sigma reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Scholarship Fund Of Kappa Sigma is led by Richard Presti, President on every filing since 2020; 2 of 8 officers listed in 2024 are compensated.
Officers on the 2024 filing
Richard Presti
President
On filings since 2020
5 hrs/week
$350 (2020) → $350 (2024)
Ernest Dinisco
Director
On filings since 2020
5 hrs/week
No compensation reported
James Kaveney
Director
On filings since 2020
5 hrs/week
No compensation reported
John J. Farrelly
Director
On filings since 2020
5 hrs/week
No compensation reported
Laurence W. Sullivan
Director
On filings since 2020
5 hrs/week
No compensation reported
Tim Schmitt
Director
On filings since 2020
5 hrs/week
No compensation reported
William Polopek
Director
On filings since 2020
5 hrs/week
No compensation reported
John K. Stanchfield
Treasurer & Clerk
On filings since 2020
5 hrs/week
$3K (2020) → $3K (2024)
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $3K, to John K Stanchfield (Treasurer/Clerk). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Scholarship Fund Of Kappa Sigma
How much does Scholarship Fund Of Kappa Sigma give each year?
Scholarship Fund Of Kappa Sigma gave $21K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4K across 1 grant.
What is Scholarship Fund Of Kappa Sigma's typical grant size?
Scholarship Fund Of Kappa Sigma's median grant in 2024 was $3,000, and its average grant was $3,000, across 7 grants on its 2024 IRS Form 990-PF.
Where does Scholarship Fund Of Kappa Sigma give grants?
Scholarship Fund Of Kappa Sigma's top state is Massachusetts, with 43% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Illinois (29%) and Florida (14%).
Does Scholarship Fund Of Kappa Sigma give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on Scholarship Fund Of Kappa Sigma's 2024 IRS Form 990-PF were described as general or operating support.
How large is Scholarship Fund Of Kappa Sigma?
Scholarship Fund Of Kappa Sigma reported $19K in total assets on its 2024 IRS Form 990-PF. It paid out $27K in qualifying distributions that year, against a required minimum of $1K (roughly 5% of its investment assets).
What is Scholarship Fund Of Kappa Sigma's EIN?
Scholarship Fund Of Kappa Sigma's EIN (Employer Identification Number) is 04-2986731. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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