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.
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
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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
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 |
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 include University of Houston ($50,500), University of Texas Austin ($21,000), Texas A&m University ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COLBY COLLEGE WATERVILLE, ME | SCHOLARSHIPS | $3,000 |
| NORTHEASTERN UNIVERSITY BOSTON, MA | SCHOLARSHIPS | $3,000 |
| AMHERST COLLEGE AMHERST, MA | SCHOLARSHIPS | $3,000 |
| YALE UNIVERSITY NEW HAVEN, CT | SCHOLARSHIPS | $3,000 |
| SUNY AT PURCHASE COLLEGE PURCHASE, NY | SCHOLARSHIPS | $3,000 |
| DICKINSON COLLEGE CARLISLE, PA | SCHOLARSHIPS | $3,000 |
| US NAVAL ACADEMY NAVAL ACADEMY, RI | SCHOLARSHIPS | $3,000 |
| LEHIGH UNIVERSITY BETHLEHEM, PA | SCHOLARSHIPS | $3,000 |
| TEXAS A&M UNIVERSITY COLLEGE STATION, TX | SCHOLARSHIPS | $20,000 |
| CASE WESTERN UNIVERSITY CLEVELAND, OH | 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 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.
Explore Open Grants
Browse active grant opportunities in Worthing Scholarship Fund's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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