TBB Scholarships Inc
TBB Scholarships Inc is a private foundation, based in Wellesley, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 1 grant totaling $126K. Net investment income was $140K.
TBB Scholarships Inc at a glance
In short: TBB Scholarships Inc gave $126K across 1 grant in 2024 (avg $126K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $126,000
- -5.6% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $126,000
- -5.6% vs 2023
- Median grant
- $126,000
- Total assets
- $1,641,147
- +0.6% vs 2023
- Primary geography
- Massachusetts (100% 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 TBB Scholarships Inc funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How TBB Scholarships Inc gives
- Giving grew 29% from 2021 to 2024. Method
- In 2024 it paid out 128% of 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 2021 to 2024, annual grant giving ranged from $98K (2021) to $134K (2023). In 2024 it made 1 grant totaling $126K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $126,000 |
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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 | $1,641,147 | $176,973 | $167,976 | $126,000 | 1 | $128,272 | $140,024 | $100,317 |
| 2023 | $1,632,150 | $154,624 | $161,254 | $133,500 | 1 | $133,850 | $116,996 | $90,511 |
| 2022 | $1,640,245 | $238,619 | $133,282 | $104,122 | 1 | $104,122 | $298,227 | $541 |
| 2021 | $1,536,093 | $233,534 | $124,824 | $98,000 | 1 | $98,000 | $190,635 | $103,892 |
| 2020 | $1,424,733 | $124,028 | $100,797 | — | — | — | $106,188 | — |
Under IRS private-foundation payout rules, TBB Scholarships Inc reported a distributable amount of $100K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
TBB Scholarships Inc is led by Barbara Shellito, President & Director since 2024 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Barbara Shellito
President & Director
Director & Scholarship → President & Director, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
Adele Beggs
Clerk & Director
Treasurer & Tau Beta Beta Inc → Corresponding Secretary, Treasurer & Tbb Scholarships Inc, 2021
Corresponding Secretary, Treasurer & Tbb Scholarships Inc → Clerk & Director, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
Chizu Shiono
Treasurer & Director
Chairman & Scholarship Committee → Treasurer & Director, 2024
On filings since 2021
2 hrs/week
No compensation reported
Former officers (12)
- Former: Cynthia Scott (2020–2023) — Director & Scholarship
- Former: Linda Gallo (2020–2023) — Treasurer
- Former: Marta Pena (2020–2023) — Director & Scholarship
- Former: Debra Kocar (2021–2023) — Director & Scholarship
- Former: Julia Varriale (2021–2023) — Director & Scholarship
- Former: Leslie Holmes (2021–2023) — Recording Secretary
- Former: Phyllis Gibson (2021–2023) — President
- Former: Beverly Costa (2020) — Recording Secretary
- Former: Carol Jankowski (2020) — Corresponding Secretary
- Former: Joyce C. Bukaty (2020) — Vice President
- Former: Mary Lenihan (2020) — President
- Former: Sara Ramirez (2020) — Director & Scholarship
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.
Frequently asked questions about TBB Scholarships Inc
How much does TBB Scholarships Inc give each year?
TBB Scholarships Inc gave $126K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $134K across 1 grant.
How large is TBB Scholarships Inc?
TBB Scholarships Inc reported $1.6M in total assets on its 2024 IRS Form 990-PF. It paid out $128K in qualifying distributions that year, against a required minimum of $100K (roughly 5% of its investment assets).
Where does TBB Scholarships Inc operate?
TBB Scholarships Inc has awarded grants in Massachusetts.
What is TBB Scholarships Inc's EIN?
TBB Scholarships Inc's EIN (Employer Identification Number) is 04-2705767. 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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