Tbk Scholarship Foundation

Foundation · Grantmaker MILLS RIVER, NC EIN: 30-0962878

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.

Key facts about Tbk Scholarship Foundation

EIN
30-0962878
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$48,077
Grants made (2024)
4
Average grant
$12,019
Median grant
$8,397
Total assets
$122,535
Primary geography
Kansas (69% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026.

Who Tbk Scholarship Foundation funds

By grant dollars, the top recipient states for Tbk Scholarship Foundation's 4 itemized 2024 grants were Kansas (69%), North Carolina (25%) and Indiana (7%). None of its 4 grants with a stated purpose were described as general or operating support.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of all 4 itemized 2024 grant dollars.

Cities

Kansas CityAtchisonCincinnatiNotre DameLawrenceRaleigh

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$27K$54K$81K$108K20202021202220232024
Metric202420232022
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

$0$12K$24K$36K$48K1 grants20203 grants20212 grants20223 grants20234 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Jerusalem Garcia$28KZeke Butler$12KEmerson Linthicum$5KOlivia Albano$3K

Grant Size Distribution

13 grants across all recorded years

13<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Jerusalem Garcia ($28,083), Zeke Butler ($11,794), Emerson Linthicum ($5,000).

RecipientPurposeAmount
Jerusalem Garcia atchison, KSTuition and Expenses$28,083
Zeke Butler Raleigh, NCTuition and School expenses$11,794
Emerson Linthicum Lawrence, KSTuition assistance$5,000
Olivia Albano Notre Dame, INTuition support and expenses$3,200

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
Thomas KnostPres Secretary5—
Robert MaffeoTreasurer5—
Simeon WillisVP2—
James KincaidBusiness Consultant1—
Greg BecthelTechnical Consultant1—

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.

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

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