Heartfelt Scholarship Foundation Inc | Foundation Profile

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

EIN: 47-1648023

Foundation Overview

Based in Montrose, CO, Heartfelt Scholarship Foundation Inc has awarded 54 grants totaling $238,130 to organizations in Colorado, Wisconsin and 6 other states across the US. Individual grants range from $500 to $13,224, with a median award of $3,000.

Latest Tax Year
2023
Total Giving (all years)
$238,130
Total Assets
$0
Median Grant (all grants)
$3,000

Latest Form 990-PF Snapshot

Total Grants
16
Median Grant
$3,000
% No Significant Change
0% (vs previous year)
Data extracted from IRS Form 990-PF filings. Last filing year: February 2026

Foundation Intelligence

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

New Applicant Friendliness
Closed Network: N/A

0 of 16 recipients (0%) were new grantees. Foundation maintains tight relationships with established partners. New applicants rarely succeed without insider connections.

Geographic Focus
Colorado

Grants are geographically diversified with 17% in Colorado and funding distributed across 8 total locations. This foundation values broad geographic impact and diverse community partnerships. Within Colorado, funding concentrates in Montrose (100%).

Funding Trajectory
+174%

Strong 174% growth in annual giving over 7 years indicates expanding philanthropic capacity and increasing opportunities for grant seekers. This upward trajectory suggests growing foundation resources and commitment.

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 Heartfelt Scholarship Foundation 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
Victory Baptist Church $1,760 Montrose, CO, US Scholarship 2023
Maranatha Baptist University $8,850 Watertown, WI, US Scholarship 2023
Bob Jones University $4,000 Greenville, SC, US Scholarship 2023
Pensacola Christian Collage $2,000 Pensacola, FL, US Scholarship 2023
West Coast Baptist College $5,000 Lancaster, CA, US Scholarship 2023
Faith Baptist Bible College $4,000 Ankeny, IA, US Scholarship 2023
Frontier School Of The Bible $1,000 La Grange, WY, US Scholarship 2023
Ambassador Baptist College $1,000 Lattimore, NC, US Scholarship 2023
Victory Baptist Church $1,760 Montrose, CO, US Scholarship 2023
Maranatha Baptist University $8,850 Watertown, WI, US Scholarship 2023
Bob Jones University $4,000 Greenville, SC, US Scholarship 2023
Pensacola Christian Collage $2,000 Pensacola, FL, US Scholarship 2023
West Coast Baptist College $5,000 Lancaster, CA, US Scholarship 2023
Faith Baptist Bible College $4,000 Ankeny, IA, US Scholarship 2023
Frontier School Of The Bible $1,000 La Grange, WY, US Scholarship 2023
Ambassador Baptist College $1,000 Lattimore, NC, US Scholarship 2023
Victory Baptist Church $1,260 Montrose, CO, US Scholarship 2022
Maranatha Baptist University $5,000 Watertown, WI, US Scholarship 2022
Bob Jones University $10,500 Greenville, SC, US Scholarship 2022
Pensacola Christian Collage $3,000 Pensacola, FL, US Scholarship 2022
West Coast Baptist College $1,000 Lancaster, CA, US Scholarship 2022
Faith Baptist Bible College $7,000 Ankeny, IA, US Scholarship 2022
Frontier School Of The Bible $1,866 La Grange, WY, US Scholarship 2022
Victory Baptist Church $1,260 Montrose, CO, US Scholarship 2022
Maranatha Baptist University $5,000 Watertown, WI, US Scholarship 2022
Bob Jones University $10,500 Greenville, SC, US Scholarship 2022
Pensacola Christian Collage $3,000 Pensacola, FL, US Scholarship 2022
West Coast Baptist College $1,000 Lancaster, CA, US Scholarship 2022
Faith Baptist Bible College $7,000 Ankeny, IA, US Scholarship 2022
Frontier School Of The Bible $1,866 La Grange, WY, US Scholarship 2022
Victory Baptist Church $2,000 Montrose, CO, US Scholarship 2021
Maranatha Baptist University $3,190 Watertown, WI, US Scholarship 2021
Bob Jones University $7,000 Greenville, SC, US Scholarship 2021
Pensacola Christian Collage $2,000 Pensacola, FL, US Scholarship 2021
West Coast Baptist College $2,000 Lancaster, CA, US Scholarship 2021
Faith Baptist Bible College $9,000 Ankeny, IA, US Scholarship 2021
Frontier School Of The Bible $1,000 La Grange, WY, US Scholarship 2021
Victory Baptist Church $9,278 Montrose, CO, US Scholarship 2020
Maranatha Baptist University $9,900 Watertown, WI, US Scholarship 2020
Ambassador Baptist College $2,000 Shelby, NC, US Scholarship 2020
Bob Jones University $500 Greenville, SC, US Scholarship 2020
Pensacola Christian Collage $500 Pensacola, FL, US Scholarship 2020
West Coast Baptist College $2,000 Lancaster, CA, US Scholarship 2020
Faith Baptist Bible College $4,000 Ankeny, IA, US Scholarship 2020
Victory Baptist Church $10,009 Montrose, CO, US Scholarship 2018
Maranatha Baptist University $12,607 Watertown, WI, US Scholarship 2018
Ambassador Baptist College $2,000 Shelby, NC, US Scholarship 2018
Bob Jones University $5,556 Greenville, SC, US Scholarship 2018
Pensacola Christian Collage $2,000 Pensacola, FL, US Scholarship 2018
West Coast Baptist College $2,000 Lancaster, CA, US Scholarship 2018
Victory Baptist Church $13,224 Montrose, CO, US Scholarship 2017
Maranatha Baptist University $11,815 Watertown, WI, US Scholarship 2017
Victory Baptist Church $8,079 Montrose, CO, US Scholarship 2016
Maranatha Baptist University $2,000 Watertown, WI, US Scholarship 2016

Foundations Similar to Heartfelt Scholarship Foundation Inc

Discover 5 foundations with comparable assets ($0-$0), similar grant patterns, and geographic focus in CO 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

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EIN: 04-6988364 | 6 grants awarded
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Contact Information

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

EIN 47-1648023
Website N/A
Address PO BOX 71 Montrose, CO 81402-0071

Key People (5)

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

Chair Hagle Summers
Vice Chair Linda Summers
Secretary/treas Jeremy Spencer
Director Rachael Spencer
Director Jim Welch

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 Heartfelt Scholarship Foundation 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 February 2026 based on IRS Form 990-PF filings. Foundation information reflects most recent available tax year data.