Mertie McCracken Seward Memorial Scholarship Trust

Private foundation · Grantmaker Kilmarnock, VA EIN: 85-6527032

Mertie McCracken Seward Memorial Scholarship Trust is a private foundation focused on Education, based in Kilmarnock, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $696K in total assets. In 2025, it awarded 1 grant totaling $30K. Net investment income was $6K.

Key facts about Mertie McCracken Seward Memorial Scholarship Trust

In short: Mertie McCracken Seward Memorial Scholarship Trust gave $30K across 1 grant in 2025 (avg $30K), mostly in Virginia. Source: 2025 IRS Form 990-PF.

EIN
85-6527032
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$30,175
Grants made (2025)
1
Average grant
$30,175
Median grant
$30,175
Total assets
$696,498
Primary geography
Virginia (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$696K

+6.1% YoY

Annual Giving

$30K

-24.6% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$30K

-24.6% YoY

Under IRS private-foundation payout rules, Mertie McCracken Seward Memorial Scholarship Trust reported a distributable amount of $32K for 2025 — the minimum it must pay out in qualifying distributions.

How Mertie McCracken Seward Memorial Scholarship Trust gives

  • Giving grew 98% from 2022 to 2025. Method
  • In 2025 it paid out 94% 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Hampton

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K0 grants2020 0 grants2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2022 to 2025, annual grant giving ranged from $15K (2022) to $41K (2023). In 2025 it made 1 grant totaling $30K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

4 grants across all recorded years

4<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 4 grants of 4 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
1 individual scholarship Recipients not named —$30,175

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$696,498$656,756$615,330
Revenue$33,889$54,861$18,697
Expenses$37,843$47,454$49,153
Qualifying Distributions$30,175$46,796$48,452
Net Investment Income$6,488$4,888$4,146
Distributable Amount$31,983$30,175$28,963

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 24, 2022)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 3, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 3, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS April 30, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS February 20, 2026)
  7. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

Mertie McCracken Seward Memorial Scholarship Trust's only listed officer is Brb Financial Group, Brb Financial since 2024 (on filings since 2023) (compensated).

Officers on the 2025 filing

  • Brb Financial Group

    Brb Financial

    Vcb Financial → Brb Financial, 2024

    On filings since 2023

    2 hrs/week

    $7K (2023) → $7K (2025)

Former officers (1)
  • Former: Vcb Financial Group (2020–2022) — Vcb Financial

Data from IRS Form 990 filings, 2020–2025. "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

BRB Financial Group — BRB Financia: $7KBRB Financial GroupBRB Financia$7K

The highest reported compensation on the 2025 filing was $7K, to BRB Financial Group (BRB Financia).

Frequently asked questions about Mertie McCracken Seward Memorial Scholarship Trust

How much does Mertie McCracken Seward Memorial Scholarship Trust give each year?

Mertie McCracken Seward Memorial Scholarship Trust gave $30K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $40K across 1 grant.

How large is Mertie McCracken Seward Memorial Scholarship Trust?

Mertie McCracken Seward Memorial Scholarship Trust reported $696K in total assets on its 2025 IRS Form 990-PF. It paid out $30K in qualifying distributions that year, against a required minimum of $32K (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 Mertie McCracken Seward Memorial Scholarship Trust?

Mertie McCracken Seward Memorial Scholarship Trust is a private foundation focused on Education, based in Kilmarnock, VA. It holds $696K in total assets as of 2025.

Where does Mertie McCracken Seward Memorial Scholarship Trust operate?

Mertie McCracken Seward Memorial Scholarship Trust has awarded grants in Virginia.

What is Mertie McCracken Seward Memorial Scholarship Trust's EIN?

Mertie McCracken Seward Memorial Scholarship Trust's EIN (Employer Identification Number) is 85-6527032. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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