Mertie McCracken Seward Memorial Scholarship Trust
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.
Ready to take the next step with Mertie McCracken Seward Memorial Scholarship Trust?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
The most common grant size was under $50K: 4 grants of 4 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $30,175 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 24, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 3, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 3, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 30, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 20, 2026)
- 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
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.
Here's the math on researching Mertie McCracken Seward Memorial Scholarship Trust by hand.
Explore Open Grants
Browse active grant opportunities in Mertie McCracken Seward Memorial Scholarship Trust's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Educational Credit Management Corporation
Minneapolis, MN
Educational Credit supports postsecondary access and student success, including FAFSA assistance, financial education, and student-support programs. Its 2024 grants had a median of $55,383, though amounts varied widely; funding was concentrated in Minnesota, with grants also reaching other states. The profile states that ECMC Foundation accepts unsolicited requests through a rolling online Letter of Inquiry process.
Assets
$209.1M
Grants
293
Total Given
$177.0M
AWS Foundation Incorporated
Miami, FL
The foundation funds welding education and workforce programs, scholarships, and graduate research fellowships, including equipment and training support for eligible U.S. schools and colleges. Its 2024 grants ranged from $8,299 to $70,000, with a median of $24,822. It accepts applications through specific programs; the Welding Workforce Grant is currently closed, with applications expected to reopen in January 2027.
Assets
$136.7M
Grants
16
Total Given
$434K
Phoenix Foundation of Central Florida Inc
Merritt Island, FL
The foundation funds scholarships for students pursuing higher education and grants that support music, dance, and theater education. Its 2024 grants had a median of $3,000, though awards ranged from $500 to $180,000; scholarships are available nationally, while Morning Glow teacher grants focus on Orange County, Florida. It does not accept unsolicited requests from charitable organizations, but it describes application processes for scholarships and teacher grants.
Assets
$413K
Grants
31
Total Given
$311K
The Townsend Foundation Inc
Voorhees, NJ
The Townsend Foundation supports education, scholarships and literacy, tuition assistance for developmental college students, and services such as education and counseling for underprivileged city residents, with some grants also supporting housing for people experiencing homelessness. In 2024, its 48 grants ranged from $1,000 to $1.5 million, with a median of $45,000; funding was concentrated in New Jersey and Pennsylvania, with grants also going to other states and Washington, DC. The filing does not say whether it accepts unsolicited requests; it says its grant-making procedure is under development.
Assets
$528K
Grants
33
Total Given
$6.4M
Ernst & Young Foundation
New York, NY
The Ernst & Young Foundation primarily supports higher education and preparation for business careers, with additional grants for educational projects, social justice, and disaster relief. Its 2025 grants ranged from $5,056 to $316,005, with a median of $13,525, and went to organizations across the United States.
Assets
$47.6M
Grants
637
Total Given
$16.7M
The Rosenfeld Rumford Steckler Family
Chevy Chase, MD
The foundation’s 2025 grants supported educational and training programs across arts, education, humanitarian, children’s, and community organizations, primarily in the District of Columbia and Maryland, with grants to organizations in other states as well. Grants ranged from $500 to $20,000, with a median of $2,100. It gives only to preselected charitable organizations and does not accept unsolicited requests.
Assets
$4.3M
Grants
79
Total Given
$288K
Riverside Healthcare Association Inc Group
Newport News, VA
Riverside Healthcare Association supports health and wellness, health education, workforce development, and community programs, with grants primarily benefiting communities in Virginia, especially areas it serves. In 2024, its 29 grants ranged from $5,018 to $163,945, with a median of $20,000. It accepts sponsorship requests; community benefit event requests must be submitted at least three months in advance.
Assets
$1.8B
Grants
29
Total Given
$923K
Lettie Pate Whitehead Foundation Inc
Atlanta, GA
The foundation funds need-based undergraduate scholarships for female Christian students through participating institutions in Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia, and supports care for senior women at facilities in Georgia, North Carolina, and Virginia. In 2024, grants ranged from $72,500 to $2,939,000, with a median of $254,000. It does not fund individuals, and institutions not already supported are rarely added; current grantees apply through the foundation’s grant process.
Assets
$990.9M
Grants
208
Total Given
$63.3M
Alt Finance Corporation
Los Angeles, CA
Altfinance is committed to building and expanding pathways for hbcu students who enter the alternative investment industry. By providing hbcu communities with access to specialized curriculum, valuable networks, and sustainable financial support, altfinance opens pathways for hbcu talent to pursue careers in investing. Through industry-focused education, exposure, and hands-on experience, altfinance equips students with the tools for success.
Assets
$14.1M
Grants
6
Total Given
$1.1M
Ray M Harris Educational Fund
Dallas, TX
Assets
$1.2M
Grants
2
Total Given
$40K
Davis Family Foundation Inc
Atlanta, GA
Assets
$54K
Grants
1
Total Given
$50K
Foundation for the Carolinas
Charlotte, NC
Foundation For The Carolinas funds nonprofits and other eligible organizations working in areas such as education, health and human services, the environment, youth development, and animal welfare, primarily across 13 counties in North and South Carolina. Its 2024 grants had a median of $25,000, though amounts varied widely; most grants are donor-recommended and have no application process, while some competitive programs accept applications under program-specific rules.
Assets
$3.9B
Grants
1,605
Total Given
$609.1M
More Funders in Virginia
Mertie McCracken Seward Memorial Scholarship Trust down — hundreds of funders to go?