Founders Scholarship Fund Inc
Preselected recipients only
Founders Scholarship Fund Inc is a private foundation in Norfolk, Virginia. In tax year 2025 it gave $49,700 in 5 grants; the typical grant was $7,000 and the largest $20,500. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$49,700
- Number of grants5
- Typical grant$7,000
- Largest grant$20,500
- Assets$60,806
Giving in 2025 was up from $32,746 the year before.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $33,652 | 2 | $139,193 |
| 2024 | $32,746 | 3 | $109,868 |
| 2025 | $49,700 | 5 | $60,806 |
How to apply
Its grants go to individuals, not organizations. Every grant in its 2025 filing was paid to an individual (for example a scholarship or assistance with costs), so it is not a funding prospect for a nonprofit.
Founders Scholarship Fund Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Founders Scholarship Fund Inc funds
Where it gives
Its grants went to recipients in 3 states, the most to Virginia.
| State | Grants | Amount |
|---|---|---|
| Virginia | 3 | $22,500 |
| Hawaii | 1 | $20,500 |
| California | 1 | $6,700 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Individual | Scholarship - financial assistance for post-secondary education at clemson university | $20,500 |
| Individual | Scholarship - financial assistance for post-secondary education at regent university | $10,500 |
| Individual | Scholarship - financial assistance for post-secondary education at old dominion university | $7,000 |
| Individual | Scholarship - financial assistance for post-secondary education at point loma nazarene university | $6,700 |
| Individual | Scholarship - financial assistance for post-secondary education at tidewater community college | $5,000 |
Officers and trustees
- Gregory S Lee
- Cecil L Achord
Questions people ask
Does Founders Scholarship Fund Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Founders Scholarship Fund Inc give?
$49,700 in tax year 2025, across 5 grants, with a typical grant of $7,000.
Who runs Founders Scholarship Fund Inc?
Its 2025 filing lists Gregory S Lee (Executive Director) and Cecil L Achord (Director).
What does Founders Scholarship Fund Inc fund?
Based on its grants, mainly education.