Bernard W Mccormick Scholarship Fund is a private foundation focused on Education, based in ITHACA, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $428K in total assets. In 2024, it awarded 5 grants totaling $18K. Net investment income was $15K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$428K
-1.0% YoY
Annual Giving
$18K
-18.2% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$4K
-18.2% YoY
Under IRS private-foundation payout rules, Bernard W Mccormick Scholarship Fund reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.
About Bernard W Mccormick Scholarship Fund
Based on IRS filings
Bernard W Mccormick Scholarship Fund is a private foundation focused on Education, based in ITHACA, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $428K in total assets. In 2024, it awarded 5 grants totaling $18K. Net investment income was $15K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $427,689 | $432,021 | $409,934 |
| Revenue | $21,567 | $50,019 | $-10,444 |
| Expenses | $25,959 | $28,896 | $33,399 |
| Qualifying Distributions | $19,500 | $23,862 | $27,961 |
| Net Investment Income | $15,108 | $43,123 | $5,034 |
| Distributable Amount | $23,017 | $20,686 | $23,066 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hudson Valley Community ($3,600), Lemoyne College ($3,600), Skidmore College ($3,600).
| Recipient | Purpose | Amount |
|---|---|---|
| HUDSON VALLEY COMMUNITY TROY, NY | SCHOLARSHIPS | $3,600 |
| LEMOYNE COLLEGE SYRACUSE, NY | SCHOLARSHIPS | $3,600 |
| SKIDMORE COLLEGE SARATOGA SPRINGS, NY | SCHOLARSHIP | $3,600 |
| PENNSYLVANIA STATE UNIVERSITY UNIVERSITY PARK, NY | SCHOLARSHIP | $3,600 |
| CLARKSON UNIVERSITY POSTDAM, NY | SCHOLARSHIP | $3,600 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TOMPKINS COMMUNITY BANK | TRUSTEE | 1 | $5,880 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bernard W Mccormick Scholarship Fund?
Bernard W Mccormick Scholarship Fund is a private foundation focused on Education, based in ITHACA, NY. It holds $428K in total assets as of 2024.
How large is Bernard W Mccormick Scholarship Fund?
As of 2024, Bernard W Mccormick Scholarship Fund holds $428K in total assets with $22K in annual revenue. It awarded 5 grants totaling $18K in 2024.
Where does Bernard W Mccormick Scholarship Fund operate?
Bernard W Mccormick Scholarship Fund has awarded grants in Connecticut, Florida, Massachusetts, New York, Pennsylvania, Rhode Island, South Carolina, Virginia.
What size grants does Bernard W Mccormick Scholarship Fund award?
In 2024, Bernard W Mccormick Scholarship Fund awarded 5 grants totaling $18K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Bernard W Mccormick Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bernard W Mccormick Scholarship Fund reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bernard W Mccormick Scholarship Fund's EIN?
Bernard W Mccormick Scholarship Fund's EIN (Employer Identification Number) is 14-6089372. 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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