The Great American Scholarship Foundation
The Great American Scholarship Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 4 grants totaling $40K. Net investment income was $52K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
-0.6% YoY
Annual Giving
$40K
Grant Count
4
Avg Grant Size
$10K
Under IRS private-foundation payout rules, The Great American Scholarship Foundation reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.
About The Great American Scholarship Foundation
Based on IRS filings
The Great American Scholarship Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 4 grants totaling $40K. Net investment income was $52K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,018,153 | $1,024,779 | $1,000,002 |
| Revenue | $51,765 | $51,828 | $1,000,002 |
| Expenses | $58,391 | $27,051 | — |
| Qualifying Distributions | $57,611 | $26,241 | — |
| Net Investment Income | $51,585 | $41,618 | $2 |
| Distributable Amount | $49,729 | $49,275 | $1,943 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include B Kim ($10,000), S Kim ($10,000), J Lee ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| B Kim Sugar Hill, GA | Scholarship Grant | $10,000 |
| S Kim PROVIDENCE, RI | Scholarship Grant | $10,000 |
| J Lee Durham, NC | Scholarship Grant | $10,000 |
| PRAXIS LEADERSHIP INC LAGRANGE, GA | General & Unrestricted | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sunny Kim Park | Dir, Pres, Sec, Treas | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Great American Scholarship Foundation?
The Great American Scholarship Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $1.0M in total assets as of 2024.
How large is The Great American Scholarship Foundation?
As of 2024, The Great American Scholarship Foundation holds $1.0M in total assets with $52K in annual revenue. It awarded 4 grants totaling $40K in 2024.
Where does The Great American Scholarship Foundation operate?
The Great American Scholarship Foundation has awarded grants in Georgia, North Carolina, Rhode Island.
What size grants does The Great American Scholarship Foundation award?
In 2024, The Great American Scholarship Foundation awarded 4 grants totaling $40K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is The Great American Scholarship Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Great American Scholarship Foundation reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Great American Scholarship Foundation's EIN?
The Great American Scholarship Foundation's EIN (Employer Identification Number) is 88-3687928. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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