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. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $180K in total assets. In 2025, it made $2K in qualifying distributions. Net investment income was $2K.
The Bruce H Mahan Memorial Scholarship Fund at a glance
- Total assets
- $179,928
- +7.0% vs 2024
- Revenue (2025)
- $3,088
- -92.7% vs 2024
- Qualifying distributions (2025)
- $1,878
- -79.1% vs 2024
- Expenses (2025)
- $3,895
- -63.9% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Bruce H Mahan Memorial Scholarship Fund funds
How this funder distributes its grants
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How The Bruce H Mahan Memorial Scholarship Fund gives
- Giving fell 23% from 2021 to 2024. Method
- In 2025 it paid out 22% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $5K (2024) to $9K (2022). In 2024 it made 2 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Connecticut Storrs, CT | Scholarship | $2,500 |
| 1 individual scholarship Recipients not named | — | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $179,928 | $3,088 | $3,895 | — | — | $1,878 | $1,605 | $8,684 |
| 2024 | $168,183 | $42,431 | $10,782 | $5,000 | 2 | $8,971 | $40,260 | $7,977 |
| 2023 | $151,305 | $-453 | $11,125 | $6,500 | 3 | $8,186 | $1,191 | $8,092 |
| 2022 | $160,721 | $30,798 | $12,804 | $8,520 | 4 | $10,408 | $28,259 | $8,580 |
| 2021 | $168,100 | $10,314 | $11,206 | $6,500 | 3 | — | $7,895 | $9,542 |
Under IRS private-foundation payout rules, The Bruce H Mahan Memorial Scholarship Fund reported a distributable amount of $9K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Bruce H Mahan Memorial Scholarship Fund's only listed officer is Keybank N A, Trustee on the 2025 filing (compensated).
Officers on the 2025 filing
Keybank N A
Trustee
New on the 2025 filing
1 hr/week
$2K (2025)
Former officers (2)
- Former: Bank Of America (2021–2024) — Former Trustee
- Former: Keybank National Association (2024) — Trustee
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $2K, to Keybank N a (Trustee).
Frequently asked questions about The Bruce H Mahan Memorial Scholarship Fund
How large is The Bruce H Mahan Memorial Scholarship Fund?
The Bruce H Mahan Memorial Scholarship Fund reported $180K in total assets on its 2025 IRS Form 990-PF. It paid out $2K in qualifying distributions that year, against a required minimum of $9K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 $180K in total assets as of 2025.
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 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 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS December 8, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 30, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 27, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 12, 2026)
- IRS filings on file for fiscal years 2021–2025
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