The Bruce T Hibbitt Scholarship Fund is a private foundation focused on Education, based in SHERMAN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $81K in total assets. In 2024, it awarded 2 grants totaling $6K. Net investment income was $1K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$81K
-6.2% YoY
Annual Giving
$6K
+9.5% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$3K
+9.5% YoY
Under IRS private-foundation payout rules, The Bruce T Hibbitt Scholarship Fund reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
About The Bruce T Hibbitt Scholarship Fund
Based on IRS filings
The Bruce T Hibbitt Scholarship Fund is a private foundation focused on Education, based in SHERMAN, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $81K in total assets. In 2024, it awarded 2 grants totaling $6K. Net investment income was $1K.
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 | $80,529 | $85,846 | $91,209 |
| Revenue | $3,579 | $2,970 | $7,637 |
| Expenses | $8,904 | $8,350 | $4,765 |
| Qualifying Distributions | $5,750 | $5,250 | $2,750 |
| Net Investment Income | $1,045 | $720 | $4,687 |
| Distributable Amount | $4,671 | $4,415 | $4,668 |
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
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of North Texas ($3,250), Jordan Adrian Bello ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| JORDAN ADRIAN BELLO DENISON, TX | FURTHER EDUCATIONAL PURPOSE | $2,500 |
| UNIVERSITY OF NORTH TEXAS DENTON, TX | FURTHER EDUCATIONAL PURPOSE | $3,250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SIMMONS BANK | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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 $81K in total assets as of 2024.
How large is The Bruce T Hibbitt Scholarship Fund?
As of 2024, The Bruce T Hibbitt Scholarship Fund holds $81K in total assets with $4K in annual revenue. It awarded 2 grants totaling $6K in 2024.
Where does The Bruce T Hibbitt Scholarship Fund operate?
The Bruce T Hibbitt Scholarship Fund has awarded grants in Texas.
What size grants does The Bruce T Hibbitt Scholarship Fund award?
In 2024, The Bruce T Hibbitt Scholarship Fund awarded 2 grants totaling $6K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Bruce T Hibbitt Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bruce T Hibbitt Scholarship Fund reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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