The Soares Family Scholarship Foundation
The Soares Family Scholarship Foundation is a private foundation, based in Sacramento, CA. IRS filing data is available from 2021 through 2023. In 2023, it awarded 9 grants totaling $27K. Net investment income was $102.
The Soares Family Scholarship Foundation at a glance
In short: The Soares Family Scholarship Foundation gave $27K across 9 grants in 2023 (avg $3K), mostly in California. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $27,000
- +80.0% vs 2022
- Grants made (2023)
- 9
- -10.0% vs 2022
- Average grant
- $3,000
- +100.0% vs 2022
- Median grant
- $3,000
- Primary geography
- California (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated October 2026.
Who The Soares Family Scholarship Foundation funds
How this funder distributes its grants
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 22 grants of 22 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 9 itemized grants.
States
Cities
How The Soares Family Scholarship Foundation gives
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). 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 2021 to 2023, annual grant giving ranged from $5K (2021) to $27K (2023). In 2023 it made 9 grants totaling $27K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 9 grants to individuals Recipients not named | — | $27,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $102 | $27,427 | $27,000 | 9 | $27,000 | $102 | $1,153 |
| 2022 | $49,524 | $455 | $15,420 | $15,000 | 10 | $15,000 | $455 | $2,403 |
| 2021 | $49,068 | $512 | $4,860 | $4,500 | 3 | — | $512 | $2,410 |
Under IRS private-foundation payout rules, The Soares Family Scholarship Foundation reported a distributable amount of $1K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Soares Family Scholarship Foundation is led by Stephanie Elaine Soares, President on every filing since 2021; none of the 3 officers listed in 2023 report compensation.
Officers on the 2023 filing
Stephanie Elaine Soares
President
On filings since 2021
No compensation reported
David Pacheco
Chief Financial Officer
On filings since 2021
No compensation reported
Joseph Brian Pacheco
Secretary
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2023. "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 Soares Family Scholarship Foundation
How much does The Soares Family Scholarship Foundation give each year?
The Soares Family Scholarship Foundation gave $27K across 9 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $15K across 10 grants.
What is The Soares Family Scholarship Foundation's typical grant size?
The Soares Family Scholarship Foundation's median grant in 2023 was $3,000, and its average grant was $3,000, across 9 grants on its 2023 IRS Form 990-PF.
Where does The Soares Family Scholarship Foundation give grants?
The Soares Family Scholarship Foundation gives mostly in California: 100% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there.
Does The Soares Family Scholarship Foundation give general operating support?
Not in 2023: none of the 9 grants with a stated purpose on The Soares Family Scholarship Foundation's 2023 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Woodland High School" (5 grants) and "Sacramento City College" (3 grants).
How much is The Soares Family Scholarship Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Soares Family Scholarship Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Soares Family Scholarship Foundation's EIN?
The Soares Family Scholarship Foundation's EIN (Employer Identification Number) is 45-2696813. IRS Form 990 filing data is available on this page for 2021–2023.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 17, 2023)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 20, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 28, 2023)
- IRS filings on file for fiscal years 2021–2023
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