Virginia Butkosky Mem Scholarship

DALLAS, TX EIN: 22-6628634

Virginia Butkosky Mem Scholarship is a private foundation, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $341K in total assets. In 2024, it awarded 7 grants totaling $17K. Net investment income was $31K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$341K

+3.6% YoY

Annual Giving

$17K

+37.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$2K

+37.4% YoY

Under IRS private-foundation payout rules, Virginia Butkosky Mem Scholarship reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.

About Virginia Butkosky Mem Scholarship

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $76K (100%)

States

New Jersey

Cities

AnnandaleFlemingtonFrenchtownManvilleSomerville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$341,308	$329,587	$336,886
Revenue	$34,195	$9,709	$-10,985
Expenses	$22,125	$16,861	$24,115
Qualifying Distributions	$19,051	$14,156	$19,659
Net Investment Income	$30,803	$5,977	$4,056
Distributable Amount	$19,133	$17,466	$17,853

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

35 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Hunterdon Medical Center ($2,482), Raritan Valley Community College ($2,482), Somerset Health Care Foundation ($2,482).

Recipient	Purpose	Amount
HUNTERDON MEDICAL CENTER FLEMINGTON, NJ	UNRESTRICTED GENERAL	$2,482
RARITAN VALLEY COMMUNITY COLLEGE SOMERVILLE, NJ	UNRESTRICTED GENERAL	$2,482
SOMERSET HEALTH CARE FOUNDATION SOMERVILLE, NJ	UNRESTRICTED GENERAL	$2,482
MANVILLE HIGH SCHOOL MANVILLE, NJ	UNRESTRICTED GENERAL	$2,482
NORTH HUNTERDON REGIONAL HIGH SCHOOL ANNANDALE, NJ	UNRESTRICTED GENERAL	$2,482
DELAWARE VALLEY REGIONAL HIGH SCHOOL FRENCHTOWN, NJ	UNRESTRICTED GENERAL	$2,482
HUNTERDON CENTRAL HIGH SCHOOL FLEMINGTON, NJ	UNRESTRICTED GENERAL	$2,482

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$4,193

Frequently Asked Questions

How large is Virginia Butkosky Mem Scholarship?

As of 2024, Virginia Butkosky Mem Scholarship holds $341K in total assets with $34K in annual revenue. It awarded 7 grants totaling $17K in 2024.

Where does Virginia Butkosky Mem Scholarship operate?

Virginia Butkosky Mem Scholarship has awarded grants in New Jersey.

What size grants does Virginia Butkosky Mem Scholarship award?

In 2024, Virginia Butkosky Mem Scholarship awarded 7 grants totaling $17K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Virginia Butkosky Mem Scholarship required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Virginia Butkosky Mem Scholarship reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Virginia Butkosky Mem Scholarship's EIN?

Virginia Butkosky Mem Scholarship's EIN (Employer Identification Number) is 22-6628634. IRS Form 990 filing data is available on this page for 2020–2024.