Alton E& Thelma Mccartney Scholarship Trust is a private foundation focused on Education, based in NEWPORT, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.1M in total assets. In 2024, it awarded 4 grants totaling $258K. Net investment income was $165K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.1M
-2.5% YoY
Annual Giving
$258K
-4.3% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$65K
-4.3% YoY
Under IRS private-foundation payout rules, Alton E& Thelma Mccartney Scholarship Trust reported a distributable amount of $261K for 2024 — the minimum it must pay out in qualifying distributions.
About Alton E& Thelma Mccartney Scholarship Trust
Based on IRS filings
Alton E& Thelma Mccartney Scholarship Trust is a private foundation focused on Education, based in NEWPORT, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.1M in total assets. In 2024, it awarded 4 grants totaling $258K. Net investment income was $165K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,143,199 | $3,224,457 | $3,362,411 |
| Revenue | $182,715 | $245,617 | $169,484 |
| Expenses | $351,775 | $360,311 | $378,073 |
| Qualifying Distributions | $258,258 | $269,785 | $280,980 |
| Net Investment Income | $164,704 | $149,816 | $64,091 |
| Distributable Amount | $260,917 | $256,333 | $272,560 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Attached Listing ($212,500), Northeast Arkansas Charitable Foundation Inc ($43,758), Holden Avenue Church of Christ ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHED LISTING VARIOUS, AR | SEE LISTING | $212,500 |
| HOLDEN AVENUE CHURCH OF CHRIST NEWPORT, AR | RELIGIOUS CAUSE | $1,000 |
| FIRST UNITED METHODIST CHURCH NEWPORT, AR | RELIGIOUS CAUSE | $1,000 |
| NORTHEAST ARKANSAS CHARITABLE FOUNDATION INC NEWPORT, AR | EDUCATIONAL CHARITY | $43,758 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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 $3.1M in total assets as of 2024.
How large is Alton E& Thelma Mccartney Scholarship Trust?
As of 2024, Alton E& Thelma Mccartney Scholarship Trust holds $3.1M in total assets with $183K in annual revenue. It awarded 4 grants totaling $258K in 2024.
Where does Alton E& Thelma Mccartney Scholarship Trust operate?
Alton E& Thelma Mccartney Scholarship Trust has awarded grants in Arkansas.
What size grants does Alton E& Thelma Mccartney Scholarship Trust award?
In 2024, Alton E& Thelma Mccartney Scholarship Trust awarded 4 grants totaling $258K — an average of about $65K per grant, based on its IRS Form 990 filings.
How much is Alton E& Thelma Mccartney Scholarship Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Alton E& Thelma Mccartney Scholarship Trust reported a distributable amount of $261K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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