Private Foundation

HEARTFELT SCHOLARSHIP FOUNDATION INC

HEARTFELT SCHOLARSHIP FOUNDATION INC, of MONTROSE, CO, is a Private Foundation tracked in Imperigo's IRS 990 database. The 2025 filing shows $20K in revenue, $20K in expenses, $14K in total assets. IRS filings disclose 59 grants awarded by this foundation, totaling roughly $272K.

EIN: 471648023 MONTROSE, CO Scholarships & Student Financial Aid NTEE: B82 Latest filing: 2025
Total Revenue$20K
Total Expenses$20K
Total Assets$14K
Grants Given59
Grant Total$272K
Filing Years2021–2025

Sample Grants Given

BOB JONES UNIVERSITY
GREENVILLE, SC · 2025
Scholarship
$6,600
BOB JONES UNIVERSITY
GREENVILLE, SC · 2025
Scholarship
$6,600
MARANATHA BAPTIST UNIVERSITY
WATERTOWN, WI · 2025
Scholarship
$6,000
MARANATHA BAPTIST UNIVERSITY
WATERTOWN, WI · 2025
Scholarship
$6,000
PENSACOLA CHRISTIAN COLLAGE
PENSACOLA, FL · 2025
Scholarship
$4,000

Showing up to 5 of 59 total records — full history available with membership.

Officers & Directors

CHAIR Hagle Summers
SECRETARY/TREAS Jeremy Spencer
Director Jim Welch
VICE CHAIR Linda Summers
Director Rachael Spencer

Officer compensation and complete director data available with membership.

Top Grant Purposes

Scholarship
$242,998 50 grants
SCHOLARSHIP
$29,365 9 grants

Financial Trends

Year Revenue Expenses Assets
2025 $20K $20K $14K
2024 $15K $11K $14K
2023 $25K $28K $10K
2022 $25K $30K $13K
2021 $30K $26K $18K

Between 2021 and 2025, reported annual revenue declined from $30K to $20K (-33%), with total assets most recently reported at $14K.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in AZ, CA, CO, FL, IA, NC, and 3 other states.

AZCACOFLIANCSCWIWY

Full geographic grant map with state-by-state breakdown available with membership.

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