William Searls Scholarship Fund
William Searls Scholarship Fund is a private foundation, based in DAMARISCOTTA, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $428K in total assets. In 2024, it awarded 11 grants totaling $22K. Net investment income was $21K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$428K
+3.0% YoY
Annual Giving
$22K
+20.0% YoY
Grant Count
11
-8.3% YoY
Avg Grant Size
$2K
+30.9% YoY
Under IRS private-foundation payout rules, William Searls Scholarship Fund reported a distributable amount of $22K for 2024 — the minimum it must pay out in qualifying distributions.
About William Searls Scholarship Fund
Based on IRS filings
William Searls Scholarship Fund is a private foundation, based in DAMARISCOTTA, ME. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $428K in total assets. In 2024, it awarded 11 grants totaling $22K. Net investment income was $21K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $428,141 | $415,486 | $418,906 |
| Revenue | $40,526 | $19,934 | $27,069 |
| Expenses | $27,817 | $23,170 | $22,621 |
| Qualifying Distributions | $23,390 | $19,547 | $18,309 |
| Net Investment Income | $21,079 | $14,302 | $11,754 |
| Distributable Amount | $21,534 | $21,402 | $20,361 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
60 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Southern Maine Communtiy College ($5,550), University of Southern Maine ($2,550), Husson University ($1,500).
| Recipient | Purpose | Amount |
|---|---|---|
| HUSSON UNIVERSITY BANGOR, ME | SCHOLARSHIP | $1,500 |
| SOUTHERN MAINE COMMUNTIY COLLEGE SOUTH PORTLAND, ME | SCHOLARSHIP | $5,550 |
| UNIVERSITY OF MAINE ORONO ORONO, ME | SCHOLARSHIP | $1,500 |
| UNIVERSITY OF SOUTHERN MAINE PORTLAND, ME | SCHOLARSHIP | $2,550 |
| FLAGLER COLLEGE ST AUGUSTINE, FL | SCHOLARSHIP | $1,500 |
| THOMAS COLLEGE WATERVILLE, ME | SCHOLARSHIP | $1,500 |
| MOUNT HOLYOKE SOUTH HADLEY, MA | SCHOLARSHIP | $1,500 |
| BOWDOIN BRUNSWICK, ME | SCHOLARSHIP | $1,500 |
| UNIVERSITY OF NORTH WESTERN ROSEVILLE, MN | SCHOLARSHIP | $1,500 |
| UNIVERSITY OF CALIFORNIA OAKLAND, CA | SCHOLARSHIP | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FIRST NATIONAL BANK | TRUSTEE | — | — |
Frequently Asked Questions
How large is William Searls Scholarship Fund?
As of 2024, William Searls Scholarship Fund holds $428K in total assets with $41K in annual revenue. It awarded 11 grants totaling $22K in 2024.
Where does William Searls Scholarship Fund operate?
William Searls Scholarship Fund has awarded grants in California, Connecticut, Florida, Massachusetts, Maine, Minnesota, North Carolina, New Hampshire, New York, Ohio, Pennsylvania, Rhode Island, Vermont.
What size grants does William Searls Scholarship Fund award?
In 2024, William Searls Scholarship Fund awarded 11 grants totaling $22K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is William Searls Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, William Searls Scholarship Fund reported a distributable amount of $22K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is William Searls Scholarship Fund's EIN?
William Searls Scholarship Fund's EIN (Employer Identification Number) is 01-6009698. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in William Searls Scholarship Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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