Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2017.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
11 people listed on the 990.
Betsy Austin’s $10K as Officer is at the 8th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides financial aid and scholarships to help students pursue college, graduate, or vocational education.
Questions for Linville Foundation INC
Your first name shows with your question. Linville Foundation INC answers here, for everyone.
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The Foundation granted over 85 scholarships to students to help further their education in graduate and undergraduate degrees. Our goal is to help and encourage students to further their education with college degrees and to provide support to these students during their time in college.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $365K | $329K |
| InvestmentsLn 11–13 | $3.2M | $3.7M |
| Total assetsLn 16 | $3.6M | $4.1M |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $3.6M | $4.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $493K | $493K | ||
| Payroll taxesLn 10 | $0 | $0 | $0 | $0 |
| Management feesLn 11a | $11K | $10K | $1K | $0 |
| Accounting feesLn 11c | $2K | $0 | $2K | $0 |
| Investment management feesLn 11f | $25K | $0 | $25K | $0 |
| Office expensesLn 13 | $1K | $0 | $1K | $0 |
| Conferences, conventions and meetingsLn 19 | $11K | $0 | $11K | $0 |
| InsuranceLn 23 | $1K | $0 | $1K | $0 |
| Other expenses (24a–d)Ln 24 | $4K | $761 | $3K | $0 |
| Total functional expensesLn 25 | $549K | $504K | $45K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $749K | $549K | $200K | $4.1M | 990 PDF |
| FY2024 | $666K | $515K | $151K | $3.6M | 990 PDF |
| FY2023 | $686K | $530K | $156K | $3.2M | 990 PDF |
| FY2022 | $521K | $447K | $74K | $2.9M | 990 PDF |
| FY2021 | $1.1M | $343K | $754K | $3.4M | 990 PDF |
| FY2020 | $373K | $403K | −$30K | $2.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $749,207 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, 2 to look at
Part VIII · Statement of revenue $749,207 across 6 lines filed
Part IX · Statement of functional expenses $548,840 across 9 lines filed
Part X · Balance sheet $4,055,543 assets, 7 lines filed
Part XI · Reconciliation of net assets $4,055,543 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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