Terrence Hughes Scholarship
Terrence Hughes Scholarship is a private foundation, based in COLUMBUS, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $349K in total assets. In 2024, it awarded 4 grants totaling $9K. Net investment income was $21K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$349K
+2.8% YoY
Annual Giving
$9K
-22.7% YoY
Grant Count
4
-20.0% YoY
Avg Grant Size
$2K
-3.4% YoY
Under IRS private-foundation payout rules, Terrence Hughes Scholarship reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
About Terrence Hughes Scholarship
Based on IRS filings
Terrence Hughes Scholarship is a private foundation, based in COLUMBUS, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $349K in total assets. In 2024, it awarded 4 grants totaling $9K. Net investment income was $21K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $348,827 | $339,244 | $340,754 |
| Revenue | $23,275 | $12,800 | $21,684 |
| Expenses | $14,832 | $16,794 | $48,161 |
| Qualifying Distributions | $12,231 | $14,491 | $43,873 |
| Net Investment Income | $20,683 | $10,027 | $19,055 |
| Distributable Amount | $18,354 | $15,722 | $17,715 |
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
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Marshall University ($3,400), Morehead State University ($1,700), Shawnee State University ($1,700).
| Recipient | Purpose | Amount |
|---|---|---|
| MOREHEAD STATE UNIVERSITY MOREHEAD, KY | SCHOLARSHIPS | $1,700 |
| MARSHALL UNIVERSITY HUNTINGTON, WV | SCHOLARSHIPS | $3,400 |
| SHAWNEE STATE UNIVERSITY PORTSMOUTH, OH | SCHOLARSHIPS | $1,700 |
| WEST VIRGINIA UNIVERSITY COLUMBUS, OH | SCHOLARSHIPS | $1,700 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HUNTINGTON NATIONAL BANK | TRUSTEE | 1 | $4,961 |
Frequently Asked Questions
How large is Terrence Hughes Scholarship?
As of 2024, Terrence Hughes Scholarship holds $349K in total assets with $23K in annual revenue. It awarded 4 grants totaling $9K in 2024.
Where does Terrence Hughes Scholarship operate?
Terrence Hughes Scholarship has awarded grants in Kentucky, Ohio, West Virginia.
What size grants does Terrence Hughes Scholarship award?
In 2024, Terrence Hughes Scholarship awarded 4 grants totaling $9K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Terrence Hughes Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Terrence Hughes Scholarship reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Terrence Hughes Scholarship's EIN?
Terrence Hughes Scholarship's EIN (Employer Identification Number) is 91-1861520. 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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