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 2024 filing shows $2.0M in revenue, $1.0M in expenses, $23.8M in total assets. 10 publicly reported grants to this organization, totaling roughly $409K, appear in IRS filings.

EIN: 042444195 WAKEFIELD, MA Latest filing: 2024
Total Revenue$2.0M
Total Expenses$1.0M
Total Assets$23.8M
Grant Records10
Funding Total$409K
Filing Years2020–2024

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.

Sample Grants Received

2024
For grant recipient's exempt purposes
$31,200
2023
For grant recipient's exempt purposes
$10,300
2023
FOR RECIPIENT'S EXEMPT PURPOSE
$5,500
2022
For grant recipient's exempt purposes
$61,000
2021
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 Eileen Doherty
DIRECTOR Faith G Hodgkins

Officer compensation and complete director data available with membership.

Top Grant Purposes

For grant recipient's exempt purposes
$341,850 8 grants
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
$61,550 1 grant
FOR RECIPIENT'S EXEMPT PURPOSE
$5,500 1 grant

Financial Trends

Year Revenue Expenses Assets
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
2020 $1.1M $901K $21.3M

Between 2020 and 2024, reported annual revenue grew from $1.1M to $2.0M (+85%), with total assets most recently reported at $23.8M.

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

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