Public Charity

THE BASIC FUND SCHOLARSHIP FOUNDATION

THE BASIC FUND SCHOLARSHIP FOUNDATION is a Public Charity headquartered in OAKLAND, CA. Financial data from the 2025 filing: $6.2M revenue, $634K expenses, $21.6M total assets. IRS filings disclose 1 grants awarded by this foundation, totaling roughly $587K.

EIN: 931637027 OAKLAND, CA Single Organization Support NTEE: T11 Latest filing: 2025
Total Revenue$6.2M
Total Expenses$634K
Total Assets$21.6M
Grants Given1
Grant Total$587K
Filing Years2023–2025

Mission

WITH A PURPOSE OF SUPPORTING AND SUSTAINING THE SCHOLARSHIP PROGRAMS OF THE BASIC FUND, AND GUIDED BY THE BASIC FUND SCHOLARSHIP FOUNDATION'S BOARD OF DIRECTORS, THE FOUNDATION WILL STRATEGICALLY DEPLOY FUNDS RAISED INTO CAREFULLY MANAGED INVESTMENTS.

Sample Grants Given

OAKLAND, CA · 2024
EXPENSE REIMBURSEMENT
$587,238

Showing up to 5 of 1 total records — full history available with membership.

Officers & Directors

DRIECTOR James H Herbert Ii
SECRETARY/TREASURER Janisha Sabnani
DIRECTOR John Couch
DIRECTOR John E Kerrigan Jr
PRESIDENT Michael Mccarthy
DIRECTOR Richard Barker

Officer compensation and complete director data available with membership.

Top Grant Purposes

EXPENSE REIMBURSEMENT
$587,238 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $6.2M $634K $21.6M
2024 $15.2M $10K $15.2M
2023

Between 2024 and 2025, reported annual revenue declined from $15.2M to $6.2M (-59%), with total assets most recently reported at $21.6M.

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

Grant Geography

Grants from this foundation were reported to recipients in CA.

CA

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

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