Mission
IT IS THE MISSION OF THE SCHOLARSHIP FOUNDATION OF WAKEFIELD (TSFW) TO RAISE AND ADMINISTER FUNDS FOR SCHOLARSHIPS TO INSTITUTIONS OF HIGHER LEARNING FOR RESIDENTS OF THE TOWN OF WAKEFIELD ATTENDING POST SECONDARY INSTITUTES FULL TIME.
Public Charity
THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC
THE SCHOLARSHIP FOUNDATION OF WAKEFIELD INC, of WAKEFIELD, MA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $2.9M in revenue, $1.1M in expenses, $26.2M in total assets. 10 publicly reported grants to this organization, totaling roughly $409K, appear in IRS filings.
EIN: 042444195
WAKEFIELD, MA
Scholarships & Student Financial Aid
NTEE: B82
Latest filing: 2025
Total Revenue$2.9M
Total Expenses$1.1M
Total Assets$26.2M
Grant Records10
Funding Total$409K
Filing Years2021–2025
Where $100 goes at The Scholarship Foundation of Wakefield Inc
How The Scholarship Foundation of Wakefield Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$75
Programs
the work itself
$25
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $75 for programs
$75
The fund assisted 273 students from the town of Wakefield in achieving a post secondary education by providing scholarships totaling 820,200
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
For grant recipient's exempt purposes
$31,200
For grant recipient's exempt purposes
$10,300
FOR RECIPIENT'S EXEMPT PURPOSE
$5,500
For grant recipient's exempt purposes
$61,000
For grant recipient's exempt purposes
$62,450
Showing up to 5 of 10 total records — full history available with membership.
Officers & Directors
DIRECTOR
Beth Sullivan
DIRECTOR
Catherine M Donovan
FINANCIAL SE
Catherine R Fallon
DIRECTOR
Cathy Wensley
DIRECTOR
Christina Gagne
DIRECTOR
Eileen Doherty
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $2.9M | $1.1M | $26.2M |
| 2024 | $2.0M | $1.0M | $23.8M |
| 2023 | $1.2M | $1.1M | $22.1M |
| 2022 | $1.3M | $1.0M | $20.4M |
| 2021 | $1.8M | $967K | $23.6M |
Between 2021 and 2025, reported annual revenue grew from $1.8M to $2.9M (+57%), with total assets most recently reported at $26.2M.
Interactive year-over-year charts and full filing details available with membership.