Worthing Scholarship Fund
The Worthing Scholarship Fund is a private foundation located in Dallas, Texas, established in 1959. The organization operates as a trust with a primary focus on funding scholarships for books at educational institutions.
Key facts about Worthing Scholarship Fund
- EIN
- 74-1160916
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $206,500
- Grants made (2025)
- 30
- Average grant
- $6,883
- Median grant
- $3,000
- New grantees (estimate)
- 40% first-time grantees (12 of 30, 2025)
- Total assets
- $5,300,186
- Primary geography
- Texas (65% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Worthing Scholarship Fund funds
By grant dollars, the top recipient states for Worthing Scholarship Fund's 30 itemized 2025 grants were Texas (65%) and District of Columbia (8%). The most frequent recipient cities were Atlanta, GA (3 grants), Houston, TX (2 grants) and Washington, DC (2 grants). None of its 30 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarships" (30 grants).
Is Worthing Scholarship Fund open to new grantees?
40%
first-time grantees, 2025
In 2025, 12 of 30 grantees (40%) were first-time recipients. First grants averaged $3K; repeat grants $9K. How we count
Medians: $3K first-time, $3K repeat.
- 60% of 2025 grantees were also funded in 2024. Method
- Giving grew 34% from 2022 to 2025. Method
- In 2025 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Worthing Scholarship Fund
- How to evaluate Worthing Scholarship Fund as a funder
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$5.3M
+3.8% YoY
Annual Giving
$207K
+12.2% YoY
Grant Count
30
-23.1% YoY
Avg Grant Size
$7K
+45.9% YoY
Under IRS private-foundation payout rules, Worthing Scholarship Fund reported a distributable amount of $308K for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary function is to provide scholarships for books to students at colleges and universities. The fund supports educational advancement through direct scholarship support to institutions across Texas and beyond.
Grantmaking
The foundation does not accept applications.
Grant Range
$2,000
Ready to take the next step with Worthing Scholarship Fund?
Geographic Focus
Where this funder awards grants
The foundation primarily funds institutions in Texas, with a noted service area including Houston, Texas. However, grants have also been awarded to institutions outside Texas, including Howard University in Washington, D.C., Colby College in Maine, and Emory University in Georgia.
Grant Distribution by State
Share of all 30 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (Fiscal Year 2025):
- Total assets: $5,300,186
- Total revenues: $491,727
- Total expenses: $327,235
- Investment income and dividends: $150,296
Historical Assets:
- 2024: $5,000,000
- 2023: $5,200,000
- 2021: $5,300,000
- 2020: $4,600,000
Staffing: The organization operates with 1 employee.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,300,186 | $5,107,396 | $5,023,667 |
| Revenue | $491,727 | $200,577 | $-42,401 |
| Expenses | $327,235 | $281,225 | $258,927 |
| Qualifying Distributions | $270,498 | $235,759 | $191,474 |
| Net Investment Income | $432,854 | $142,240 | $67,219 |
| Distributable Amount | $308,258 | $293,820 | $264,215 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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 2025
Grant Size Distribution
177 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include University of Houston ($50,500), University of Texas Austin ($21,000), Texas A&M University ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF HOUSTON Houston, TX | SCHOLARSHIPS | $50,500 |
| UNIVERSITY OF TEXAS AUSTIN Austin, TX | SCHOLARSHIPS | $21,000 |
| TEXAS A&M UNIVERSITY College Station, TX | SCHOLARSHIPS | $20,000 |
| TEXAS STATE UNIVERSITY San Marcos, TX | SCHOLARSHIPS | $15,000 |
| HOWARD UNIVERSITY Washington, DC | SCHOLARSHIPS | $13,000 |
| TEXAS SOUTHERN UNIVERSITY Houston, TX | SCHOLARSHIPS | $9,000 |
| PRAIRIE VIEW A&M UNIVERSITY Prairie View, TX | SCHOLARSHIPS | $9,000 |
| COLBY COLLEGE Waterville, ME | SCHOLARSHIPS | $3,000 |
| NORTHEASTERN UNIVERSITY Boston, MA | SCHOLARSHIPS | $3,000 |
| AMHERST COLLEGE Amherst, MA | SCHOLARSHIPS | $3,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Bank of America N.A. serves as Managing Director with compensation of $65,416 (as of December 2024).
Compensation Overview
From 2025 IRS filing
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Bank of America | Trustee | 1 | $76,101 |
Frequently Asked Questions
What does Worthing Scholarship Fund fund?
The foundation's primary function is to provide scholarships for books to students at colleges and universities. The fund supports educational advancement through direct scholarship support to institutions across Texas and beyond.
How do I apply for a grant from Worthing Scholarship Fund?
**Grant Activity:** • Made 31 grants in fiscal year 2025 and 35 grants in 2024 • Median grant size: $2,000 • Grant range: $2,000–$20,000 • Total giving in 2024: $134,000 • Total giving in 2025: Approximately $327,235 in total expenses **Recent Grant Recipients (2023-2025):** • University of Houston ($20,000) • Texas A&M University ($14,000) • University of Texas Austin ($10,000) • Texas Southern University ($8,000) • Texas State University ($6,000) • Prairie View A&M University ($6,000) • Trini…
Where does Worthing Scholarship Fund make grants?
The foundation primarily funds institutions in Texas, with a noted service area including Houston, Texas. However, grants have also been awarded to institutions outside Texas, including Howard University in Washington, D.C., Colby College in Maine, and Emory University in Georgia.
What size grants does Worthing Scholarship Fund award?
In 2025, Worthing Scholarship Fund awarded 30 grants totaling $207K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Worthing Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Worthing Scholarship Fund reported a distributable amount of $308K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Worthing Scholarship Fund's EIN?
Worthing Scholarship Fund's EIN (Employer Identification Number) is 74-1160916. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.