Theresa Gail May Scholarship Foundation
Theresa Gail May Scholarship Foundation is a private foundation focused on Education, based in Pace, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $922K in total assets. In 2025, it awarded 5 grants totaling $59K. Net investment income was $45K.
Theresa Gail May Scholarship Foundation at a glance
In short: Theresa Gail May Scholarship Foundation gave $59K across 5 grants in 2025 (avg $12K), mostly in Florida. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $58,613
- +6.9% vs 2024
- Grants made (2025)
- 5
- -28.6% vs 2024
- Average grant
- $11,723
- +49.7% vs 2024
- Median grant
- $4,802
- Total assets
- $921,975
- -1.8% vs 2024
- Primary geography
- Florida (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Theresa Gail May Scholarship Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Pensacola State College ($30K). Together the top 5 received $59K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 28 grants of 29 (97%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Theresa Gail May Scholarship Foundation gives
- Giving fell 21% from 2022 to 2025. Method
- In 2025 it paid out 140% of 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 2020 to 2025, annual grant giving ranged from $52K (2021) to $139K (2023). In 2025 it made 5 grants totaling $59K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Pensacola State College Pensacola, FL | Student Scholarships | $30,000 |
| University of West Florida Pensacola, FL | Student Scholarships | $18,000 |
| Pace High School Pace, FL | Student Trips | $4,802 |
| Milton High School Milton, FL | Student Trips | $4,500 |
| Jay High School Jay, FL | Student Trips | $1,311 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $921,975 | $64,397 | $81,758 | $58,613 | 5 | $63,796 | $45,123 | $45,538 |
| 2024 | $939,301 | $56,110 | $78,302 | $54,814 | 7 | $59,896 | $32,008 | $47,449 |
| 2023 | $961,634 | $-37,522 | $161,574 | $139,045 | 5 | $143,450 | $9,660 | $50,314 |
| 2022 | $1,161,949 | $80,802 | $106,270 | $74,112 | 8 | $85,810 | $61,763 | $52,934 |
| 2021 | $1,187,513 | $105,623 | $78,477 | $52,316 | 4 | $57,564 | $85,537 | $61,044 |
| 2020 | $1,160,513 | $69,298 | $109,511 | $71,135 | 7 | — | $51,425 | $45,919 |
Under IRS private-foundation payout rules, Theresa Gail May Scholarship Foundation reported a distributable amount of $46K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Theresa Gail May Scholarship Foundation is led by Claudia Cassevah, Executive Director on every filing since 2020; 1 of 5 officers listed in 2025 is compensated.
Officers on the 2025 filing
Claudia Cassevah
Executive Director
On filings since 2020
2 hrs/week
$5K (2020) → $5K (2025)
Herb Cannon
Trustee
On filings since 2020
1 hr/week
No compensation reported
Jr Jones
Trustee
On filings since 2020
1 hr/week
No compensation reported
Lb Jones
Trustee
On filings since 2020
1 hr/week
No compensation reported
Ricky Smith
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $5K, to Claudia Cassevah (Executive Director).
Frequently asked questions about Theresa Gail May Scholarship Foundation
How much does Theresa Gail May Scholarship Foundation give each year?
Theresa Gail May Scholarship Foundation gave $59K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $55K across 7 grants.
What is Theresa Gail May Scholarship Foundation's typical grant size?
Theresa Gail May Scholarship Foundation's median grant in 2025 was $4,802, and its average grant was $11,723, across 5 grants on its 2025 IRS Form 990-PF.
Where does Theresa Gail May Scholarship Foundation give grants?
Theresa Gail May Scholarship Foundation gives mostly in Florida: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Pensacola, FL (2 grants).
Does Theresa Gail May Scholarship Foundation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Theresa Gail May Scholarship Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Student Trips" (3 grants).
Who are Theresa Gail May Scholarship Foundation's largest grantees?
Theresa Gail May Scholarship Foundation's largest 2025 grantees include Pensacola State College ($30,000), University of West Florida ($18,000) and Pace High School ($4,802), according to its 2025 IRS Form 990-PF. Together they received 90% of its itemized 2025 grant dollars.
How large is Theresa Gail May Scholarship Foundation?
Theresa Gail May Scholarship Foundation reported $922K in total assets on its 2025 IRS Form 990-PF. It paid out $64K in qualifying distributions that year, against a required minimum of $46K (roughly 5% of its investment assets).
What is Theresa Gail May Scholarship Foundation?
Theresa Gail May Scholarship Foundation is a private foundation focused on Education, based in Pace, FL. It holds $922K in total assets as of 2025.
What is Theresa Gail May Scholarship Foundation's EIN?
Theresa Gail May Scholarship Foundation's EIN (Employer Identification Number) is 59-7127677. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 23, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 21, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 25, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 6, 2026)
- IRS filings on file for fiscal years 2020–2025
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