Bernard W McCormick Scholarship Fund
Bernard W McCormick Scholarship Fund is a private foundation focused on Education, based in Ithaca, NY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $446K in total assets. In 2025, it awarded 5 grants totaling $18K. Net investment income was $37K.
Bernard W McCormick Scholarship Fund at a glance
In short: Bernard W McCormick Scholarship Fund gave $18K across 5 grants in 2025 (avg $4K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $17,500
- -2.8% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $3,500
- -2.8% vs 2024
- Median grant
- $3,500
- Total assets
- $446,076
- +4.3% vs 2024
- Primary geography
- New York (80% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Bernard W McCormick Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Siena College ($4K). Together the top 5 received $18K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 28 grants of 28 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Bernard W McCormick Scholarship Fund gives
- Giving held roughly steady from 2022 to 2025 (−19%). Method
- In 2025 it paid out 79% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $18K (2025) to $22K (2023). In 2025 it made 5 grants totaling $18K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Siena College Loudonville, NY | Scholarships | $3,500 |
| Hartwick College and Mark Oneonta, NY | Scholarship Award | $3,500 |
| University of Connecticut Storrs, CT | Charitable | $3,500 |
| SUNY Delhi Dehli, NY | Charitable | $3,500 |
| Russell Sage College Troy, NY | Charitable | $3,500 |
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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 | $446,076 | $43,713 | $25,446 | $17,500 | 5 | $19,000 | $37,267 | $23,996 |
| 2024 | $427,689 | $21,567 | $25,959 | $18,000 | 5 | $19,500 | $15,108 | $23,017 |
| 2023 | $432,021 | $50,019 | $28,896 | $22,000 | 5 | $23,862 | $43,123 | $20,686 |
| 2022 | $409,934 | $-10,444 | $33,399 | $21,500 | 5 | $27,961 | $5,034 | $23,066 |
| 2021 | $452,777 | $94,228 | $29,542 | $21,999 | 8 | $25,127 | $90,015 | $24,788 |
| 2020 | $384,808 | $33,408 | $26,972 | $22,000 | 4 | — | $30,301 | $21,220 |
| 2019 | $381,215 | $24,338 | $26,696 | $22,000 | 10 | — | $22,428 | $20,852 |
Under IRS private-foundation payout rules, Bernard W McCormick Scholarship Fund reported a distributable amount of $24K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Bernard W McCormick Scholarship Fund's only listed officer is Tompkins Community Bank, Trustee since 2024 (on filings since 2023) (compensated).
Officers on the 2025 filing
Tompkins Community Bank
Trustee
Successor Trustee → Trustee, 2024
On filings since 2023
1 hr/week
$2K (2023) → $6K (2025)
Former officers (2)
- Former: Bank Of America (2021–2023) — Trustee
- Former: Bank Of America N A (2019–2020) — Trustee
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 $6K, to Tompkins Community Bank (Trustee).
Frequently asked questions about Bernard W McCormick Scholarship Fund
How much does Bernard W McCormick Scholarship Fund give each year?
Bernard W McCormick Scholarship Fund gave $18K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $18K across 5 grants.
What is Bernard W McCormick Scholarship Fund's typical grant size?
Bernard W McCormick Scholarship Fund's median grant in 2025 was $3,500, and its average grant was $3,500, across 5 grants on its 2025 IRS Form 990-PF.
Where does Bernard W McCormick Scholarship Fund give grants?
Bernard W McCormick Scholarship Fund gives mostly in New York: 80% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Connecticut (20%).
Does Bernard W McCormick Scholarship Fund give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Bernard W McCormick Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (3 grants).
Who are Bernard W McCormick Scholarship Fund's largest grantees?
Bernard W McCormick Scholarship Fund's largest 2025 grantees include Siena College ($3,500), Hartwick College and Mark ($3,500) and University of Connecticut ($3,500), according to its 2025 IRS Form 990-PF. Together they received 60% of its itemized 2025 grant dollars.
How large is Bernard W McCormick Scholarship Fund?
Bernard W McCormick Scholarship Fund reported $446K in total assets on its 2025 IRS Form 990-PF. It paid out $19K in qualifying distributions that year, against a required minimum of $24K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 $446K in total assets as of 2025.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS March 26, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Bernard W McCormick Scholarship Fund funds
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