The Exchange Club of Vero Beach Scholars

Foundation · Grantmaker Vero Beach, FL EIN: 59-2967807

The Exchange Club of Vero Beach Scholars is a private foundation, based in Vero Beach, FL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $732K in total assets. In 2025, it awarded 10 grants totaling $42K. Net investment income was $62K.

Key facts about The Exchange Club of Vero Beach Scholars

EIN: 59-2967807
Latest 990 filing: Form 990-PF, 2025
Annual giving (2025): $41,500
Grants made (2025): 10
Average grant: $4,150
Median grant: $4,000
Total assets: $732,278
Primary geography: Florida (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Who The Exchange Club of Vero Beach Scholars funds

By grant dollars, the top recipient states for The Exchange Club of Vero Beach Scholars's 10 itemized 2025 grants were Florida (100%). The most frequent recipient cities were Vero Beach, FL (8 grants). None of its 10 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship" (10 grants).

How The Exchange Club of Vero Beach Scholars gives

Giving grew 57% from 2022 to 2025. Method
In 2025 it paid out 96% 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.

Next steps with The Exchange Club of Vero Beach Scholars

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Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$732K

+3.0% YoY

Annual Giving

$42K

+9.2% YoY

Grant Count

-9.1% YoY

Avg Grant Size

$4K

+20.1% YoY

Under IRS private-foundation payout rules, The Exchange Club of Vero Beach Scholars reported a distributable amount of $43K for 2025 — the minimum it must pay out in qualifying distributions.

About The Exchange Club of Vero Beach Scholars

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $42K (100%)

Share of all 10 itemized 2025 grant dollars.

States

Florida

Cities

Vero BeachSebastianFort PierceHutchinson Island

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$732,278	$710,696	$601,554
Revenue	$67,640	$147,558	$41,643
Expenses	$46,058	$38,416	$33,858
Qualifying Distributions	$41,500	$38,000	$33,500
Net Investment Income	$61,790	$133,998	$20,769
Distributable Amount	$43,358	$35,683	$30,793

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2021–2025

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Grant Size Distribution

56 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest recipients include Remi Heyer ($5,000), Simon Schwartz ($5,000), D'Troit Curry ($4,500).

Recipient	Purpose	Amount
REMI HEYER Vero Beach, FL	SCHOLARSHIP	$5,000
SIMON SCHWARTZ Vero Beach, FL	SCHOLARSHIP	$5,000
D'TROIT CURRY Vero Beach, FL	SCHOLARSHIP	$4,500
KALEA BIEBER Hutchinson Island, FL	SCHOLARSHIP	$4,000
LENORE CARTER Vero Beach, FL	SCHOLARSHIP	$4,000
ISABELLA EASTWOOD Vero Beach, FL	SCHOLARSHIP	$4,000
RYAN GASTON Vero Beach, FL	SCHOLARSHIP	$4,000
ALICIA PARKER Sebastian, FL	SCHOLARSHIP	$4,000
CHRISTIAN MARQUES Vero Beach, FL	SCHOLARSHIP	$3,500
SAGE MORROW Vero Beach, FL	SCHOLARSHIP	$3,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2025 IRS filing

Name	Title	Hours	Compensation
Susan Chenault	Chairman	2	—
Nancy Madsen	Secretary	2	—
Jack McAfee	Treasurer	2	—
Brad Smith	Member	2	—
Diana Walker	Member	2	—
Lyn Smith	Member	2	—

Frequently Asked Questions

How large is The Exchange Club of Vero Beach Scholars?

As of 2025, The Exchange Club of Vero Beach Scholars holds $732K in total assets with $68K in annual revenue. It awarded 10 grants totaling $42K in 2025.

Where does The Exchange Club of Vero Beach Scholars operate?

The Exchange Club of Vero Beach Scholars has awarded grants in Florida.

What size grants does The Exchange Club of Vero Beach Scholars award?

In 2025, The Exchange Club of Vero Beach Scholars awarded 10 grants totaling $42K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is The Exchange Club of Vero Beach Scholars required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, The Exchange Club of Vero Beach Scholars reported a distributable amount of $43K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Exchange Club of Vero Beach Scholars's EIN?

The Exchange Club of Vero Beach Scholars's EIN (Employer Identification Number) is 59-2967807. IRS Form 990 filing data is available on this page for 2021–2025.