The Bruce H Mahan Memorial Scholarship Fund is a private foundation focused on Education, based in BROOKLYN, OH. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $168K in total assets. In 2024, it awarded 2 grants totaling $5K. Net investment income was $40K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$168K
+11.2% YoY
Annual Giving
$5K
-23.1% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$3K
+15.4% YoY
Under IRS private-foundation payout rules, The Bruce H Mahan Memorial Scholarship Fund reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About The Bruce H Mahan Memorial Scholarship Fund
Based on IRS filings
The Bruce H Mahan Memorial Scholarship Fund is a private foundation focused on Education, based in BROOKLYN, OH. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $168K in total assets. In 2024, it awarded 2 grants totaling $5K. Net investment income was $40K.
Focus Areas
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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 | $168,183 | $151,305 | $160,721 |
| Revenue | $42,431 | $-453 | $30,798 |
| Expenses | $10,782 | $11,125 | $12,804 |
| Qualifying Distributions | $8,971 | $8,186 | $10,408 |
| Net Investment Income | $40,260 | $1,191 | $28,259 |
| Distributable Amount | $7,977 | $8,092 | $8,580 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Connecticut ($2,500), Central Connecticut State University ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF CONNECTICUT STORRS, CT | SCHOLARSHIP | $2,500 |
| CENTRAL CONNECTICUT STATE UNIVERSITY NEW BRITAIN, CT | SCHOLARSHIP | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | FORMER TRUSTEE | 1 | $1,658 |
| KEYBANK NATIONAL ASSOCIATION | TRUSTEE | 1 | $333 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Bruce H Mahan Memorial Scholarship Fund?
The Bruce H Mahan Memorial Scholarship Fund is a private foundation focused on Education, based in BROOKLYN, OH. It holds $168K in total assets as of 2024.
How large is The Bruce H Mahan Memorial Scholarship Fund?
As of 2024, The Bruce H Mahan Memorial Scholarship Fund holds $168K in total assets with $42K in annual revenue. It awarded 2 grants totaling $5K in 2024.
Where does The Bruce H Mahan Memorial Scholarship Fund operate?
The Bruce H Mahan Memorial Scholarship Fund has awarded grants in Connecticut, New York.
What size grants does The Bruce H Mahan Memorial Scholarship Fund award?
In 2024, The Bruce H Mahan Memorial Scholarship Fund awarded 2 grants totaling $5K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Bruce H Mahan Memorial Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bruce H Mahan Memorial Scholarship Fund reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Bruce H Mahan Memorial Scholarship Fund's EIN?
The Bruce H Mahan Memorial Scholarship Fund's EIN (Employer Identification Number) is 06-6256073. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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