Terrence Hughes Scholarship

COLUMBUS, OH EIN: 91-1861520

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

-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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $48K (55%)

West Virginia $24K (28%)

Kentucky $14K (17%)

States

Kentucky Ohio West Virginia

Cities

AthensColumbusGraysonHuntingtonMarionMoreheadMorgantownNewarkPortsmouthSteubenville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.