The Bruce T Hibbitt Scholarship Fund
The Bruce T Hibbitt Scholarship Fund is a private foundation focused on Education, based in Sherman, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $80K in total assets. In 2025, it awarded 1 grant totaling $3K. Net investment income was $3K.
The Bruce T Hibbitt Scholarship Fund at a glance
In short: The Bruce T Hibbitt Scholarship Fund gave $3K across 1 grant in 2025 (avg $3K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $2,700
- -53.0% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $2,700
- -6.1% vs 2024
- Median grant
- $2,700
- Total assets
- $80,251
- -0.3% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Bruce T Hibbitt Scholarship Fund funds
How this funder distributes its grants
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (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
How The Bruce T Hibbitt Scholarship Fund gives
- Giving held roughly steady from 2022 to 2025 (−2%). Method
- In 2025 it paid out 57% 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 2019 to 2025, annual grant giving ranged from $3K (2025) to $6K (2024). In 2025 it made 1 grant totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $2,700 |
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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 | $80,251 | $5,322 | $5,587 | $2,700 | 1 | $2,700 | $2,672 | $4,736 |
| 2024 | $80,529 | $3,579 | $8,904 | $5,750 | 2 | $5,750 | $1,045 | $4,671 |
| 2023 | $85,846 | $2,970 | $8,350 | $5,250 | 2 | $5,250 | $720 | $4,415 |
| 2022 | $91,209 | $7,637 | $4,765 | $2,750 | 1 | $2,750 | $4,687 | $4,668 |
| 2021 | $88,328 | $6,944 | $7,027 | $4,700 | 1 | $4,700 | $4,694 | $5,410 |
| 2020 | $88,411 | $10,580 | $7,267 | $4,700 | 1 | — | $5,547 | $4,736 |
| 2019 | $85,228 | $5,602 | $4,849 | $4,800 | 1 | — | $5,602 | $4,699 |
Under IRS private-foundation payout rules, The Bruce T Hibbitt Scholarship Fund reported a distributable amount of $5K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Bruce T Hibbitt Scholarship Fund's only listed officer is Simmons Bank, Trustee on every filing since 2020 (uncompensated).
Officers on the 2025 filing
Simmons Bank
Trustee
On filings since 2020
No compensation reported
Former officers (1)
- Former: Landmark Bank (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 Bruce T Hibbitt Scholarship Fund
How much does The Bruce T Hibbitt Scholarship Fund give each year?
The Bruce T Hibbitt Scholarship Fund gave $3K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $6K across 2 grants.
How large is The Bruce T Hibbitt Scholarship Fund?
The Bruce T Hibbitt Scholarship Fund reported $80K in total assets on its 2025 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $5K (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 T Hibbitt Scholarship Fund?
The Bruce T Hibbitt Scholarship Fund is a private foundation focused on Education, based in Sherman, TX. It holds $80K in total assets as of 2025.
Where does The Bruce T Hibbitt Scholarship Fund operate?
The Bruce T Hibbitt Scholarship Fund has awarded grants in Texas.
What is The Bruce T Hibbitt Scholarship Fund's EIN?
The Bruce T Hibbitt Scholarship Fund's EIN (Employer Identification Number) is 75-6419869. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 19, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 13, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 14, 2026)
- IRS filings on file for fiscal years 2019–2025
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