Alton E& Thelma McCartney Scholarship Trust
Alton E& Thelma McCartney Scholarship Trust is a private foundation focused on Education, based in Newport, AR. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.0M in total assets. In 2025, it awarded 4 grants totaling $270K. Net investment income was $135K.
Alton E& Thelma McCartney Scholarship Trust at a glance
In short: Alton E& Thelma McCartney Scholarship Trust gave $270K across 4 grants in 2025 (avg $67K), mostly in Arkansas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $269,801
- +4.5% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $67,450
- +4.5% vs 2024
- Median grant
- $35,638
- Total assets
- $3,024,560
- -3.8% vs 2024
- Primary geography
- Arkansas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Alton E& Thelma McCartney Scholarship Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Northeast Arkansas Charitable Foundation Inc ($70K). Together the top 3 received $72K.
Organizations only. It also paid 1 grant to individuals ($197,525), which are not listed by name.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 12 grants of 20 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How Alton E& Thelma McCartney Scholarship Trust gives
- Giving held roughly steady from 2022 to 2025 (−4%). Method
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $258K (2024) to $281K (2022). In 2025 it made 4 grants totaling $270K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $197,525 |
| Northeast Arkansas Charitable Foundation Inc Newport, AR | Educational Charity ( Scholarships to Individuals) | $70,276 |
| Holden Avenue Church of Christ Newport, AR | Religious Cause | $1,000 |
| First United Methodist Church Newport, AR | Religious Cause | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,024,560 | $224,762 | $343,401 | $269,801 | 4 | $269,801 | $135,078 | $265,978 |
| 2024 | $3,143,199 | $182,715 | $351,775 | $258,258 | 4 | $258,258 | $164,704 | $260,917 |
| 2023 | $3,224,457 | $245,617 | $360,311 | $269,785 | 4 | $269,785 | $149,816 | $256,333 |
| 2022 | $3,362,411 | $169,484 | $378,073 | $280,980 | 4 | $280,980 | $64,091 | $272,560 |
| 2021 | $3,570,579 | $145,530 | $316,125 | $267,372 | 4 | $267,372 | $131,211 | $275,930 |
| 2020 | $3,690,519 | $185,505 | $319,525 | $262,665 | 4 | — | $174,331 | $267,372 |
| 2019 | $3,762,285 | $201,221 | $372,384 | $264,175 | 2 | — | $99,584 | $264,160 |
Under IRS private-foundation payout rules, Alton E& Thelma McCartney Scholarship Trust reported a distributable amount of $266K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Alton E& Thelma McCartney Scholarship Trust's only listed officer is Merchants AND Planters Bank, N & A on every filing since 2019 (compensated).
Officers on the 2025 filing
Merchants AND Planters Bank
N & A
On filings since 2019
5 hrs/week
$20K (2019) → $21K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $21K, to Merchants and Planters Bank (N/A).
Frequently asked questions about Alton E& Thelma McCartney Scholarship Trust
How much does Alton E& Thelma McCartney Scholarship Trust give each year?
Alton E& Thelma McCartney Scholarship Trust gave $270K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $258K across 4 grants.
What is Alton E& Thelma McCartney Scholarship Trust's typical grant size?
Alton E& Thelma McCartney Scholarship Trust's median grant in 2025 was $35,638, and its average grant was $67,450, across 4 grants on its 2025 IRS Form 990-PF.
Where does Alton E& Thelma McCartney Scholarship Trust give grants?
Alton E& Thelma McCartney Scholarship Trust gives mostly in Arkansas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Newport, AR (3 grants).
Does Alton E& Thelma McCartney Scholarship Trust give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Alton E& Thelma McCartney Scholarship Trust's 2025 IRS Form 990-PF were described as general or operating support.
How large is Alton E& Thelma McCartney Scholarship Trust?
Alton E& Thelma McCartney Scholarship Trust reported $3.0M in total assets on its 2025 IRS Form 990-PF. It paid out $270K in qualifying distributions that year, against a required minimum of $266K (roughly 5% of its investment assets).
What is Alton E& Thelma McCartney Scholarship Trust?
Alton E& Thelma McCartney Scholarship Trust is a private foundation focused on Education, based in Newport, AR. It holds $3.0M in total assets as of 2025.
What is Alton E& Thelma McCartney Scholarship Trust's EIN?
Alton E& Thelma McCartney Scholarship Trust's EIN (Employer Identification Number) is 71-6152969. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 25, 2025)
- Added Form 990-PF for fiscal year 2019 (received by the IRS July 9, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 2, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Alton E& Thelma McCartney Scholarship Trust funds
Education Open opportunities, soonest deadline first.
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Browse active grant opportunities in Alton E& Thelma McCartney Scholarship Trust's focus areas in our free grants database
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