Macricostas Scholarship Trust Inc
Macricostas Scholarship Trust Inc is a private foundation based in Brookfield, Connecticut. Its 2024 filing reports scholarship grants to individual recipients.
Key facts about Macricostas Scholarship Trust Inc
In short: Macricostas Scholarship Trust Inc gave $47K across 29 grants in 2024 (avg $2K), top state Texas. Source: 2024 IRS Form 990-PF.
- EIN
- 06-1462843
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $47,000
- Grants made (2024)
- 29
- Average grant
- $1,621
- Median grant
- $1,750
- Total assets
- $94,290
- Primary geography
- Texas (22% of itemized 2024 grant dollars)
- Deadline
- The April 15 deadline listed on the 2023 filing is a past cycle.
Data from IRS Form 990-PF, 2024; updated October 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$94K
-34.0% YoY
Annual Giving
$47K
+13.4% YoY
Grant Count
29
+0.0% YoY
Avg Grant Size
$2K
+13.4% YoY
Under IRS private-foundation payout rules, Macricostas Scholarship Trust Inc reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
How Macricostas Scholarship Trust Inc gives
- Giving held roughly steady from 2021 to 2024 (+14%). Method
- In 2024 it paid out 704% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Grantmaking
In 2024, the foundation gave $47,000 through 29 grants to individual recipients. Awards ranged from $500 to $2,875, with a median of $1,750. Among the larger awards were $2,875 to recipients in Massachusetts and Texas, $2,750 to recipients in California and a recipient whose state was not listed, and $2,625 to a recipient in Idaho. The stated purpose for these grants was scholarship.
The 2023 filing says the foundation does not restrict giving to preselected organizations. It lists a written form, letters of recommendation, transcripts, and test scores as application materials, and names WOO YOUNG KIM CO PHOTRONICS INC as the contact. Awards are restricted to dependents or custodial children of current Photronics, Inc. employees.
Review Cycle
The April 15 deadline listed on the 2023 filing is a past cycle.
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Geographic Focus
Where this funder awards grants
In 2024, the largest shares of grant dollars went to recipients in Texas (22%), Connecticut (18%), Idaho (16%), New York (12%), and Tennessee (8%). The grants listed also include recipients in Massachusetts and California.
Grant Distribution by State
Share of 2024 grant dollars across all 29 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $39K (2020) to $47K (2024). In 2024 it made 29 grants totaling $47K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
134 grants across all recorded years
The most common grant size was under $50K: 134 grants of 134 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 29 individual scholarships Recipients not named | — | $47,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $94,290 | — | $50,047 | $47,000 |
| 2023 | $142,962 | $120,825 | $41,560 | $41,438 |
| 2022 | $62,697 | $27,942 | $42,312 | $39,438 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $94,290 | $142,962 | $62,697 |
| Revenue | — | $120,825 | $27,942 |
| Expenses | $50,047 | $41,560 | $42,312 |
| Qualifying Distributions | $47,000 | $41,438 | $39,438 |
| Net Investment Income | — | $825 | $2,942 |
| Distributable Amount | $6,674 | $5,562 | $4,350 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists CONSTANTINE S MACRICOSTAS as chairman/director and ELLIE ZHANG as secretary.
Macricostas Scholarship Trust Inc is led by Constantine S. Macricostas, Chairman & Director on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Constantine S. Macricostas
Chairman & Director
On filings since 2020
No compensation reported
Ellie Zhang
Secretary
Controller → Secretary, 2024
On filings since 2023
No compensation reported
Former officers (2)
- Former: Richelle Searing (2021–2022) — Secretary
- Former: Richelle Burr (2020) — Secretary
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Woo Young Kim Co Photronics Inc
Mailing address: 15 Secor Road, Brookfield, CT 06804
Phone: (203) 740-5673
Frequently asked questions about Macricostas Scholarship Trust Inc
How much does Macricostas Scholarship Trust Inc give each year?
Macricostas Scholarship Trust Inc gave $47K across 29 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $41K across 29 grants.
What is Macricostas Scholarship Trust Inc's typical grant size?
Macricostas Scholarship Trust Inc's median grant in 2024 was $1,750, and its average grant was $1,621, across 29 grants on its 2024 IRS Form 990-PF.
Where does Macricostas Scholarship Trust Inc give grants?
Macricostas Scholarship Trust Inc's top state is Texas, with 22% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Connecticut (18%) and Idaho (16%).
Does Macricostas Scholarship Trust Inc give general operating support?
Not in 2024: none of the 29 grants with a stated purpose on Macricostas Scholarship Trust Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (29 grants).
How large is Macricostas Scholarship Trust Inc?
Macricostas Scholarship Trust Inc reported $94K in total assets on its 2024 IRS Form 990-PF. It paid out $47K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets).
How do I apply for a grant from Macricostas Scholarship Trust Inc?
Macricostas Scholarship Trust Inc has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Macricostas Scholarship Trust Inc's EIN?
Macricostas Scholarship Trust Inc's EIN (Employer Identification Number) is 06-1462843. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
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