The Hank Willoughby Scholarship Foundation Inc

Private foundation · Grantmaker Millsboro, DE EIN: 77-0650416

The Hank Willoughby Scholarship Foundation Inc is a private foundation focused on Education, based in Millsboro, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.6M in total assets. In 2024, it awarded 3 grants totaling $190K. Net investment income was $297K.

Key facts about The Hank Willoughby Scholarship Foundation Inc

In short: The Hank Willoughby Scholarship Foundation Inc gave $190K across 3 grants in 2024 (avg $63K), mostly in Maryland. Source: 2024 IRS Form 990-PF.

EIN
77-0650416
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$190,013
Grants made (2024)
3
Average grant
$63,338
Median grant
$5,000
Total assets
$4,583,846
Primary geography
Maryland (97% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.6M

+10.4% YoY

Annual Giving

$190K

-27.3% YoY

Grant Count

3

+200.0% YoY

Avg Grant Size

$63K

-75.8% YoY

How The Hank Willoughby Scholarship Foundation Inc gives

  • Giving held roughly steady from 2021 to 2024 (+0%). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 3 itemized grants.

Cities

La PlataGreensboroRehoboth BeachTowson

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K2 grants2020 1 grant2021 1 grant2022 1 grant2023 3 grants2024

From 2020 to 2024, annual grant giving ranged from $130K (2020) to $262K (2023). In 2024 it made 3 grants totaling $190K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

CSM Foundation: $180KCSM Foundation$180KNorth Carolina A&T: $5KNorth Carolina A&T$5KTowson University: $5KTowson University$5K

The largest 2024 recipient was CSM Foundation ($180K). Together the top 3 received $190K.

Grant Size Distribution

8 grants across all recorded years

3<$50K$50–100K4$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 4 grants of 8 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
CSM Foundation La Plata, MDCollege Scholarships$180,013
North Carolina A&T Greensboro, NCCollege Scholarships$5,000
Towson University Towson, MDCollege Scholarships$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$4,583,846$4,153,196$3,592,184
Revenue$523,093$514,117$402,322
Expenses$199,563$270,115$225,632
Qualifying Distributions$190,013$261,530$217,125
Net Investment Income$297,234$139,615$182,364

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Hank Willoughby Scholarship Foundation Inc is led by Robert V. Price Jr., President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Robert V. Price Jr.

    President

    On filings since 2020

    No compensation reported

  • Sharon Walter

    Director

    On filings since 2020

    No compensation reported

  • Jane Grove

    Vice President

    On filings since 2020

    No compensation reported

  • Kathryn M. Zabriskie

    Secretary

    On filings since 2020

    No compensation reported

  • Christopher Simpson

    Tresurer

    New on the 2024 filing

    No compensation reported

Former officers (1)
  • Former: Arnold L. Yochelson Judge (2020–2023) — Tresurer

Data from IRS Form 990 filings, 2020–2024. "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 Hank Willoughby Scholarship Foundation Inc

How much does The Hank Willoughby Scholarship Foundation Inc give each year?

The Hank Willoughby Scholarship Foundation Inc gave $190K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $262K across 1 grant.

What is The Hank Willoughby Scholarship Foundation Inc's typical grant size?

The Hank Willoughby Scholarship Foundation Inc's median grant in 2024 was $5,000, and its average grant was $63,338, across 3 grants on its 2024 IRS Form 990-PF.

Where does The Hank Willoughby Scholarship Foundation Inc give grants?

The Hank Willoughby Scholarship Foundation Inc gives mostly in Maryland: 97% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.

Does The Hank Willoughby Scholarship Foundation Inc give general operating support?

Not in 2024: none of the 3 grants with a stated purpose on The Hank Willoughby Scholarship Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "College Scholarships" (3 grants).

How large is The Hank Willoughby Scholarship Foundation Inc?

The Hank Willoughby Scholarship Foundation Inc reported $4.6M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $523K.

What is The Hank Willoughby Scholarship Foundation Inc?

The Hank Willoughby Scholarship Foundation Inc is a private foundation focused on Education, based in Millsboro, DE. It holds $4.6M in total assets as of 2024.

What is The Hank Willoughby Scholarship Foundation Inc's EIN?

The Hank Willoughby Scholarship Foundation Inc's EIN (Employer Identification Number) is 77-0650416. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from The Hank Willoughby Scholarship Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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