Founders Scholarship Fund Inc | Foundation Profile

GrantBay analyzes IRS Form 990-PF data to help grant seekers find fit funders like Founders Scholarship Fund Inc. Data shown is extracted from Form 990-PF filings.

EIN: 45-4713485

Foundation Overview

Based in Norfolk, VA, Founders Scholarship Fund Inc has awarded 26 grants totaling $393,817 to organizations in Virginia, California and 4 other states across the US. Individual grants range from $1,043 to $33,000, with a median award of $15,787.

Latest Tax Year
2024
Total Giving (all years)
$393,817
Total Assets
$109,868
Median Grant (all grants)
$15,787

Latest Form 990-PF Snapshot

Total Grants
6
Median Grant
$5,800
% Median Grant Decline
-66% (vs previous year)
Data extracted from IRS Form 990-PF filings. Last filing year: March 2026

Foundation Intelligence

Advanced analytics and strategic insights to help nonprofit organizations assess grant opportunities and optimize their application strategies

New Applicant Friendliness
Balanced Approach: 33%

2 of 6 recipients (33%) were new grantees. Foundation maintains loyal partnerships while remaining open to qualified new applicants with strong proposals.

Geographic Focus
Virginia

Grants are geographically diversified with 38% in Virginia and funding distributed across 6 total locations. This foundation values broad geographic impact and diverse community partnerships. Within Virginia, funding concentrates in Virginia Beach (50%), Appomattox (40%), Radford (10%).

Funding Trajectory
-72%

Declining funding trend with 72% decrease over 8 years may indicate reduced grant opportunities or shifting foundation priorities. This trajectory suggests more competitive application environment.

Program Areas
Education

Highly focused on education with 100% of funding dedicated to this sector. This specialization indicates deep expertise and committed investment in the field.

Where is The Money Going?

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Grants & Funding

Analyzing past grantees provides valuable insights into Founders Scholarship Fund Inc's funding preferences, organizational priorities, and grant making patterns. This historical data helps potential applicants understand the foundation's strategic focus and identify successful funding approaches.

Name Amount Location Purpose Year
Lucas Prendergast $2,522 Virginia Beach, VA, US Scholarship - Financial Assistance For Post-secondary Education At Regent University 2024
Noah Evjenth $24,424 Ramona, CA, US Scholarship - Financial Assistance For Post-secondary Education At Uc Merced 2024
Grace Wright $5,800 Virginia Beach, VA, US Scholarship - Financial Assistance For Post-secondary Education At Tidewater Community College 2024
Lucas Prendergast $2,522 Virginia Beach, VA, US Scholarship - Financial Assistance For Post-secondary Education At Regent University 2024
Noah Evjenth $24,424 Ramona, CA, US Scholarship - Financial Assistance For Post-secondary Education At Uc Merced 2024
Grace Wright $5,800 Virginia Beach, VA, US Scholarship - Financial Assistance For Post-secondary Education At Tidewater Community College 2024
Noah Evjenth $18,800 Ramona, CA, US Scholarship - Financial Assistance For Post-secondary Education At Uc Merced 2023
Lucas Prendergast $14,852 Virginia Beach, VA, US Scholarship - Financial Assistance For Post-secondary Education At Regent University 2023
Mikahlynn Page $18,845 Appomattox, VA, US Scholarship - Financial Assistance For Post-secondary Education At James Madison University 2022
Meta Bradley $11,304 Kapolei, HI, US Scholarship - Financial Assistance For Post-secondary Education At University Of Hawaii At Manoa 2022
Mikahlynn Page $18,845 Appomattox, VA, US Scholarship - Financial Assistance For Post-secondary Education At James Madison University 2022
Meta Bradley $11,304 Kapolei, HI, US Scholarship - Financial Assistance For Post-secondary Education At University Of Hawaii At Manoa 2022
Mikahlynn Page $18,845 Appomattox, VA, US Scholarship - Financial Assistance For Post-secondary Education At James Madison University 2022
Meta Bradley $11,304 Kapolei, HI, US Scholarship - Financial Assistance For Post-secondary Education At University Of Hawaii At Manoa 2022
Mikahlynn Page $25,200 Appomattox, VA, US Scholarship - Financial Assistance For Post-secondary Education At James Madison University 2021
Azusa Pacific University $27,168 Azusa, CA, US Scholarship - Financial Assistance For Post-secondary Education 2018
Iowa State University $1,043 Ames, IA, US Scholarship - Financial Assistance For Post-secondary Education 2017
Csu Monterey Bay $19,955 Seaside, CA, US Scholarship - Financial Assistance For Post-secondary Education 2017
American Intercontinental University Online $13,965 Chicago, IL, US Scholarship - Financial Assistance For Post-secondary Education 2017
Cal Poly State University $10,500 San Luis Obispo, CA, US Scholarship - Financial Assistance For Post-secondary Education 2016
Colorado State University $24,000 Fort Collins, CO, US Scholarship - Financial Assistance For Post-secondary Education 2016
Concorde Career College $9,500 San Diego, CA, US Scholarship - Financial Assistance For Post-secondary Education 2016
Humboldt State University $18,000 Arcata, CA, US Scholarship - Financial Assistance For Post-secondary Education 2016
Newschool Of Architecture $33,000 San Diego, CA, US Scholarship - Financial Assistance For Post-secondary Education 2016
Radford University $5,173 Radford, VA, US Scholarship - Financial Assistance For Post-secondary Education 2016
California State University $16,722 Seaside, CA, US Scholarship - Financial Assistance For Post-secondary Education 2016

Foundations Similar to Founders Scholarship Fund Inc

Discover 5 foundations with comparable assets ($103,055-$122,747), similar grant patterns, and geographic focus in VA that may also align with your organization's funding needs and grant seeking strategy.

Foundation Name Total Assets Typical Grant Size Service Area Similarity Match

EIN: 87-4805771 | 6 grants awarded
$110,227
(≈ Similar)
$23,288
median grant
Forest, VA
Same state
100%
Excellent match

EIN: 81-2266520 | 345 grants awarded
$113,769
(≈ Similar)
$10,000
median grant
Fairfax, VA
Same state
98%
Excellent match

EIN: 53-0196538 | 16 grants awarded
$103,055
(≈ Similar)
$15,167.5
median grant
Front Royal, VA
Same state
97%
Excellent match

EIN: 45-4073313 | 10 grants awarded
$117,053
(≈ Similar)
$15,000
median grant
Alexandria, VA
Same state
97%
Excellent match

EIN: 88-2644360 | 2 grants awarded
$122,747
(≈ Similar)
$10,000
median grant
Virginia Beach, VA
Same state
94%
Excellent match

Contact Information

Official contact details for Founders Scholarship Fund Inc as registered with the IRS. These details are essential for grant applications, correspondence, and due diligence processes.

EIN 45-4713485
Website N/A
Address 5409 BEAMON RD Norfolk, VA 23513-2359

Key People (2)

Board members, trustees, and key staff who oversee Founders Scholarship Fund Inc's grant making decisions and strategic direction. Understanding leadership composition can provide insights into foundation priorities and potential networking opportunities.

Executive Director Gregory S Lee
Director Cecil L Achord

Forms 990-PF

IRS Form 990-PF filings provide comprehensive financial information, grant details, and operational data. These documents are essential resources for understanding foundation capacity, giving patterns, and strategic priorities.

Form 990-PF Research Tips
  • Review Part XV for detailed grant recipient information and funding purposes
  • Check Part I for total assets, annual giving amounts, and payout requirements
  • Examine Part VIII for key personnel compensation and board structure
  • Look for trends across multiple years to understand giving patterns

About This Foundation Profile

This comprehensive foundation profile for Founders Scholarship Fund Inc is powered by Grant Bay's advanced foundation research platform. Our system analyzes IRS Form 990-PF filings, grant histories, and philanthropic patterns to provide nonprofit organizations with actionable intelligence for grant seeking success.

Data Sources & Accuracy

All information is derived from official IRS filings and public records. Grant Bay processes thousands of Form 990-PF documents to extract grant details, financial data, and organizational information. Data accuracy depends on foundation reporting quality and IRS filing completeness.

Research Applications

Use this profile for prospect research, grant strategy development, application preparation, and relationship building. Combine this data with additional research on foundation priorities, application processes, and board member backgrounds for comprehensive grant seeking strategies.

Data Currency: Last updated March 2026 based on IRS Form 990-PF filings. Foundation information reflects most recent available tax year data.