Twin Lights Beverages Scholarship Trust
Twin Lights Beverages Scholarship Trust is a private foundation based in Gloucester, Massachusetts. Its 2025 filing describes scholarships for Gloucester and Rockport, Massachusetts, high school graduates attending accredited institutions of higher learning.
Twin Lights Beverages Scholarship Trust at a glance
In short: Twin Lights Beverages Scholarship Trust gave $154K across 24 grants in 2026 (avg $6K), mostly in Massachusetts. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $153,500
- +27.9% vs 2025
- Grants made (2026)
- 24
- +60.0% vs 2025
- Average grant
- $6,396
- -20.1% vs 2025
- Median grant
- $6,125
- Total assets
- $2,547,131
- -2.5% vs 2025
- Primary geography
- Massachusetts (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated October 2026.
How to apply to Twin Lights Beverages Scholarship Trust
- How to Apply
-
The foundation’s 2025 filing says it does not restrict giving to preselected organizations. It directs applicants to apply online and states that scholarships are available to Gloucester and Rockport high school graduates attending accredited institutions of higher learning.
- Review Cycle
- The filing lists the first Monday of April. The 2026 deadline has passed.
- Deadline
- The filing lists the first Monday of April.
- Contact
Application contact: Twin Lights Scholarship Fund
Mailing address: C/O Cape Ann Savings Bank 109 Main, Gloucester, MA 01930
Phone: (978) 283-7079
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Twin Lights Beverages Scholarship Trust funds
How this funder distributes its grants
Grant Size Distribution
48 grants across all recorded years
The most common grant size was under $50K: 48 grants of 48 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars listed for filing year 2026 went to recipients in Massachusetts. The 2025 filing describes scholarship eligibility for high school graduates from Gloucester and Rockport, Massachusetts.
Grant Distribution by State
Share of 2026 grant dollars across all 24 itemized grants.
States
Cities
How Twin Lights Beverages Scholarship Trust gives
- In 2026 it paid out 107% 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 2024 to 2026, annual grant giving ranged from $120K (2025) to $200K (2024). In 2026 it made 24 grants totaling $154K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 24 individual scholarships Recipients not named | — | $153,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,547,131 | $108,810 | $174,675 | $153,500 | 24 | $153,570 | $71,698 | $143,741 |
| 2025 | $2,613,006 | $159,922 | $142,482 | $120,000 | 15 | $120,500 | $110,044 | $138,185 |
| 2024 | $2,595,572 | $1,089,614 | $215,829 | $200,000 | 9 | $200,500 | $74,891 | $119,231 |
| 2023 | $1,721,787 | $1,725,107 | $3,317 | — | — | — | $21,790 | $84,540 |
Under IRS private-foundation payout rules, Twin Lights Beverages Scholarship Trust reported a distributable amount of $144K for 2026 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Grantmaking
In filing year 2026, the trust gave 24 scholarships totaling $153,500. Awards ranged from $2,500 to $11,500, with a median award of $6,125. The largest listed scholarship was $11,500; five others were $10,000 each.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2026 filing lists Philip E Hopkins and John W Salisbury as trustees.
Twin Lights Beverages Scholarship Trust's 2026 filing lists 2 officers; none of the 2 officers listed in 2026 report compensation.
Officers on the 2026 filing
John W. Salisbury
Trustee
On filings since 2023
1 hr/week
No compensation reported
Philip E. Hopkins
Trustee
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2026. "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 Twin Lights Beverages Scholarship Trust
How much does Twin Lights Beverages Scholarship Trust give each year?
Twin Lights Beverages Scholarship Trust gave $154K across 24 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $120K across 15 grants.
What is Twin Lights Beverages Scholarship Trust's typical grant size?
Twin Lights Beverages Scholarship Trust's median grant in 2026 was $6,125, and its average grant was $6,396, across 24 grants on its 2026 IRS Form 990-PF.
Where does Twin Lights Beverages Scholarship Trust give grants?
Twin Lights Beverages Scholarship Trust gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there.
Does Twin Lights Beverages Scholarship Trust give general operating support?
Not in 2026: none of the 24 grants with a stated purpose on Twin Lights Beverages Scholarship Trust's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (24 grants).
How large is Twin Lights Beverages Scholarship Trust?
Twin Lights Beverages Scholarship Trust reported $2.5M in total assets on its 2026 IRS Form 990-PF. It paid out $154K in qualifying distributions that year, against a required minimum of $144K (roughly 5% of its investment assets).
How do I apply for a grant from Twin Lights Beverages Scholarship Trust?
The foundation’s 2025 filing says it does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Twin Lights Beverages Scholarship Trust's EIN?
Twin Lights Beverages Scholarship Trust's EIN (Employer Identification Number) is 87-6910148. IRS Form 990 filing data is available on this page for 2023–2026.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 17, 2026)
- IRS filings on file for fiscal years 2023–2025
Live grants for the work Twin Lights Beverages Scholarship Trust funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Twin Lights Beverages Scholarship Trust's focus areas in our free grants database
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Figures come from Twin Lights Beverages Scholarship Trust'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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