Tbk Scholarship Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILLS RIVER, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $123K in total assets. In 2024, it awarded 4 grants totaling $48K. Net investment income was $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$123K
-1.8% YoY
Annual Giving
$48K
+12.8% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$12K
-15.4% YoY
Under IRS private-foundation payout rules, Tbk Scholarship Foundation reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
About Tbk Scholarship Foundation
Based on IRS filings
Tbk Scholarship Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILLS RIVER, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $123K in total assets. In 2024, it awarded 4 grants totaling $48K. Net investment income was $5K.
Focus Areas
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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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $122,535 | $124,826 | $126,971 |
| Revenue | $47,823 | $41,528 | $21,285 |
| Expenses | $50,113 | $43,673 | $13,924 |
| Qualifying Distributions | $98,190 | $43,673 | $13,115 |
| Net Investment Income | $5,086 | — | — |
| Distributable Amount | $6,194 | $5,896 | $5,775 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jerusalem Garcia ($28,083), Zeke Butler ($11,794), Emerson Linthicum ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Jerusalem Garcia atchison, KS | Tuition and Expenses | $28,083 |
| Olivia Albano Notre Dame, IN | Tuition support and expenses | $3,200 |
| Emerson Linthicum Lawrence, KS | Tuition assistance | $5,000 |
| Zeke Butler Raleigh, NC | Tuition and School expenses | $11,794 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Thomas Knost | Pres Secretary | 5 | — |
| Robert Maffeo | Treasurer | 5 | — |
| Simeon Willis | VP | 2 | — |
| James Kincaid | Business Consultant | 1 | — |
| Greg Becthel | Technical Consultant | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Tbk Scholarship Foundation?
Tbk Scholarship Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILLS RIVER, NC. It holds $123K in total assets as of 2024.
How large is Tbk Scholarship Foundation?
As of 2024, Tbk Scholarship Foundation holds $123K in total assets with $48K in annual revenue. It awarded 4 grants totaling $48K in 2024.
Where does Tbk Scholarship Foundation operate?
Tbk Scholarship Foundation has awarded grants in Indiana, Kansas, North Carolina, Ohio.
What size grants does Tbk Scholarship Foundation award?
In 2024, Tbk Scholarship Foundation awarded 4 grants totaling $48K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Tbk Scholarship Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Tbk Scholarship Foundation reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Tbk Scholarship Foundation's EIN?
Tbk Scholarship Foundation's EIN (Employer Identification Number) is 30-0962878. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Tbk Scholarship Foundation'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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