The Basic Fund Scholarship Foundation
With a purpose of supporting and sustaining the scholarship programs of the basic fund, and guided by the Basic Fund Scholarship Foundation's board of directors, the foundation will strategically deploy funds raised into carefully managed investments.
The Basic Fund Scholarship Foundation at a glance
In short: The Basic Fund Scholarship Foundation gave $587K across 1 grant in 2025 (avg $587K), mostly in California. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $587,238
- Grants made (2025)
- 1
- Average grant
- $587,238
- Median grant
- $587,238
- Total assets
- $21,629,399
- +42.2% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who The Basic Fund Scholarship Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was The Basic Fund ($587K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $500K–1M range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 1 grant totaling $587K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Basic Fund Oakland, CA | Expense Reimbursement | $587,238 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $21,629,399 | $6,241,043 | $634,213 | $587,238 | 1 | $355,831 |
| 2024 | $15,214,444 | $15,199,263 | $10,019 | — | — | $183,236 |
About The Basic Fund Scholarship Foundation
Based on IRS filings
The Basic Fund Scholarship Foundation is a public charity, based in Oakland, CA. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $21.6M in total assets. In 2025, it awarded 1 grant totaling $587K. Net investment income was $356K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Basic Fund Scholarship Foundation is led by Michael McCarthy, President on every filing since 2023; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael McCarthy
President
On filings since 2023
1 hr/week
No compensation reported
John Couch
Director
On filings since 2023
1 hr/week
No compensation reported
John E. Kerrigan Jr.
Director
On filings since 2023
1 hr/week
No compensation reported
Richard Barker
Director
On filings since 2023
1 hr/week
No compensation reported
James H. Herbert II
Driector
Director → Driector, 2024
On filings since 2023
1 hr/week
No compensation reported
Janisha Sabnani
Secretary & Treasurer
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "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 The Basic Fund Scholarship Foundation
How much does The Basic Fund Scholarship Foundation give each year?
The Basic Fund Scholarship Foundation gave $587K across 1 grant in 2025, according to its 2025 IRS Form 990.
How large is The Basic Fund Scholarship Foundation?
The Basic Fund Scholarship Foundation reported $21.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $6.2M.
Where does The Basic Fund Scholarship Foundation operate?
The Basic Fund Scholarship Foundation has awarded grants in California.
What is The Basic Fund Scholarship Foundation's EIN?
The Basic Fund Scholarship Foundation's EIN (Employer Identification Number) is 93-1637027. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
Live grants for the work The Basic Fund Scholarship Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in The Basic Fund Scholarship Foundation's focus areas in our free grants database
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Basic Fund Scholarship Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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