Yankee Scholarship Foundation Inc
Yankee Scholarship Foundation Inc is a private foundation, based in East Hartford, CT. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $423K in total assets. In 2025, it made $20K in qualifying distributions. Net investment income was $27K.
Yankee Scholarship Foundation Inc at a glance
- Total assets
- $422,882
- +1.4% vs 2024
- Revenue (2025)
- $32,670
- -4.1% vs 2024
- Qualifying distributions (2025)
- $20,000
- +0.0% vs 2024
- Expenses (2025)
- $26,918
- -15.6% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Yankee Scholarship Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Yankee Scholarship Foundation Inc gives
- In 2025 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2022, annual grant giving ranged from $8K (2022) to $10K (2020). In 2022 it made 1 grant totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $7,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $422,882 | $32,670 | $26,918 | — | — | $20,000 | $26,661 | $22,259 |
| 2024 | $417,130 | $34,053 | $31,910 | — | — | $20,000 | $13,434 | $20,332 |
| 2023 | $414,987 | $34,870 | $8,178 | — | — | — | $2,855 | $20,747 |
| 2022 | $388,295 | $60,385 | $17,541 | $7,500 | 1 | $7,500 | $36,171 | $22,909 |
| 2021 | $345,451 | $27,474 | $5,614 | — | — | — | — | $16,475 |
| 2020 | $323,591 | $41,076 | $15,328 | $10,000 | 1 | — | $404 | $15,295 |
Under IRS private-foundation payout rules, Yankee Scholarship Foundation Inc reported a distributable amount of $22K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Yankee Scholarship Foundation Inc is led by Steve McKinney, President since 2023 (on filings since 2020); none of the 9 officers listed in 2025 report compensation.
Officers on the 2025 filing
Steve McKinney
President
Secretary → President, 2023
On filings since 2020
No compensation reported
Robert Mahoney Sr.
Director
On filings since 2020
No compensation reported
Scott Newbury
Director
On filings since 2022
No compensation reported
Robert O'Keefe
Director
On filings since 2023
No compensation reported
Jesse Minghella
Director
On filings since 2024
No compensation reported
David Holt
Treasurer
On filings since 2020
No compensation reported
Dj Dabenigno
Vice President
Director → Secretary, 2023
Secretary → Vice President, 2025
On filings since 2020
No compensation reported
Ginny Newbury
Board Member
Vice President → Board Member, 2025
On filings since 2020
No compensation reported
Leonard Whitford Jr.
Secretary
Director → Secretary, 2025
On filings since 2020
No compensation reported
Former officers (9)
- Former: Jerry Napolitano (2020–2024) — Director
- Former: J. David Vessels (2020–2022) — President
- Former: Charles Taylor (2020–2021) — Coordinator
- Former: Harris Parsons (2020–2021) — Honorary Board
- Former: John Decosta (2020–2021) — Associate Di
- Former: Kevin Kelleher (2020–2021) — Honorary Board
- Former: Peter Femino (2020–2021) — Associate Di
- Former: Seth Derderian (2020–2021) — Associate Di
- Former: Tony Petteruti (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2025. "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 Yankee Scholarship Foundation Inc
How large is Yankee Scholarship Foundation Inc?
Yankee Scholarship Foundation Inc reported $423K in total assets on its 2025 IRS Form 990-PF. It paid out $20K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Yankee Scholarship Foundation Inc operate?
Yankee Scholarship Foundation Inc has awarded grants in Massachusetts.
What is Yankee Scholarship Foundation Inc's EIN?
Yankee Scholarship Foundation Inc's EIN (Employer Identification Number) is 06-1045656. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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Figures come from Yankee Scholarship Foundation Inc'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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