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 54 grants awarded by this foundation, totaling roughly $253K.

EIN: 471648023 MONTROSE, CO Latest filing: 2025

Total Revenue$20K

Total Expenses$20K

Total Assets$14K

Grants Given54

Grant Total$253K

Filing Years2021–2025

Sample Grants Given

BOB JONES UNIVERSITY

GREENVILLE, SC · 2025

Scholarship

$6,600

MARANATHA BAPTIST UNIVERSITY

WATERTOWN, WI · 2025

Scholarship

$6,000

PENSACOLA CHRISTIAN COLLAGE

PENSACOLA, FL · 2025

Scholarship

$4,000

International Baptist College Semin

Chandler, AZ · 2025

Scholarship

$2,000

AMBASSADOR BAPTIST COLLEGE

LATTIMORE, NC · 2025

SCHOLARSHIP

$952

Showing up to 5 of 54 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

$224,398 46 grants

SCHOLARSHIP

$28,413 8 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.

See the full picture for HEARTFELT SCHOLARSHIP FOUNDATION INC

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Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports