Mertie Mccracken Seward Memorial

KILMARNOCK, VA EIN: 85-6527032

Mertie Mccracken Seward Memorial is a private foundation focused on Education, based in KILMARNOCK, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $657K in total assets. In 2024, it awarded 1 grants totaling $40K. Net investment income was $5K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$657K

+6.7% YoY

Annual Giving

$40K

-3.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$40K

-3.1% YoY

Under IRS private-foundation payout rules, Mertie Mccracken Seward Memorial reported a distributable amount of $30K for 2024 — the minimum it must pay out in qualifying distributions.

About Mertie Mccracken Seward Memorial

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $97K (100%)

States

Virginia

Cities

HamptonVarious

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$656,756	$615,330	$563,188
Revenue	$54,861	$18,697	$11,001
Expenses	$47,454	$49,153	$23,465
Qualifying Distributions	$46,796	$48,452	$15,245
Net Investment Income	$4,888	$4,146	$528
Distributable Amount	$30,175	$28,963	$30,563

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include See Attached List ($40,000).

Recipient	Purpose	Amount
SEE ATTACHED LIST VARIOUS, VA	SCHOLARSHIPS	$40,000

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

Education

Frequently Asked Questions

What is Mertie Mccracken Seward Memorial?

Mertie Mccracken Seward Memorial is a private foundation focused on Education, based in KILMARNOCK, VA. It holds $657K in total assets as of 2024.

How large is Mertie Mccracken Seward Memorial?

As of 2024, Mertie Mccracken Seward Memorial holds $657K in total assets with $55K in annual revenue. It awarded 1 grants totaling $40K in 2024.

Where does Mertie Mccracken Seward Memorial operate?

Mertie Mccracken Seward Memorial has awarded grants in Virginia.

What size grants does Mertie Mccracken Seward Memorial award?

In 2024, Mertie Mccracken Seward Memorial awarded 1 grants totaling $40K — an average of about $40K per grant, based on its IRS Form 990 filings.

How much is Mertie Mccracken Seward Memorial required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mertie Mccracken Seward Memorial reported a distributable amount of $30K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Mertie Mccracken Seward Memorial's EIN?

Mertie Mccracken Seward Memorial's EIN (Employer Identification Number) is 85-6527032. IRS Form 990 filing data is available on this page for 2020–2024.