Millrace Foundation Charitable Trust
Millrace Foundation Charitable Trust is a private foundation, based in Radnor, PA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 9 grants totaling $111K. Net investment income was $98K.
Millrace Foundation Charitable Trust at a glance
In short: Millrace Foundation Charitable Trust gave $111K across 9 grants in 2025 (avg $12K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $111,000
- +11.0% vs 2024
- Grants made (2025)
- 9
- +0.0% vs 2024
- Average grant
- $12,333
- +11.0% vs 2024
- Median grant
- $13,000
- Total assets
- $1,228,781
- -1.6% vs 2024
- Primary geography
- Pennsylvania (100% 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 Millrace Foundation Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Ardella's House Inc ($14K). Together the top 9 received $111K.
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 45 grants of 45 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
States
Cities
How Millrace Foundation Charitable Trust gives
- Giving held roughly steady from 2022 to 2025 (+12%). Method
- In 2025 it paid out 113% of its IRS minimum distribution (the 5% rule). 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 $30K (2019) to $175K (2020). In 2025 it made 9 grants totaling $111K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ardella's House Inc Philadelphia, PA | General Operating Support | $14,000 |
| Maternal and Child Health Consortium West Chester, PA | General Operating Support | $14,000 |
| Safe Harbor of Chester County West Chester, PA | General Operating Support | $14,000 |
| The City School Philadelphia, PA | Academic Support Program | $14,000 |
| Historic Fairhill Inc Philadelphia, PA | General Operating Support | $13,000 |
| The Academy of Natural Sciences of Drexel University Philadelphia, PA | General Operating Support | $11,000 |
| West Philadelphia Alliance for Children Philadelphia, PA | General Operating Support | $11,000 |
| Community Volunteers in Medicine West Chester, PA | General Operating Support | $10,000 |
| The Simple Way Philadelphia, PA | General Operating Support | $10,000 |
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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 | $1,228,781 | $114,345 | $134,573 | $111,000 | 9 | $118,466 | $98,238 | $104,982 |
| 2024 | $1,249,009 | $98,159 | $122,063 | $100,000 | 9 | $107,082 | $83,178 | $99,936 |
| 2023 | $1,272,913 | $64,907 | $123,507 | $100,000 | 10 | $107,123 | $48,523 | $93,518 |
| 2022 | $1,331,513 | $50,921 | $119,400 | $99,500 | 10 | $105,426 | $36,947 | $96,017 |
| 2021 | $1,399,992 | $74,657 | $84,531 | $65,000 | 7 | $69,989 | $60,115 | $101,392 |
| 2020 | $1,409,866 | $1,180,857 | $185,416 | $175,000 | 6 | — | $37,333 | $49,553 |
| 2019 | $414,425 | $43,596 | $42,440 | $30,000 | 6 | — | $36,309 | $35,137 |
Under IRS private-foundation payout rules, Millrace Foundation Charitable Trust reported a distributable amount of $105K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Millrace Foundation Charitable Trust's 2025 filing lists 8 officers; none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Alicia P. Miller
Co-Trustee
On filings since 2019
0 hrs/week
No compensation reported
Courtney P. Crosby
Co-Trustee
On filings since 2019
0 hrs/week
No compensation reported
Jean E. H. Preston
Co-Trustee
On filings since 2019
0 hrs/week
No compensation reported
John C. Crosby Jr.
Co-Trustee
On filings since 2019
0 hrs/week
No compensation reported
John P. Kelly
Co-Trustee
On filings since 2019
0 hrs/week
No compensation reported
Katherine E. Preston
Co-Trustee
On filings since 2019
0 hrs/week
No compensation reported
Michael C. Miller
Co-Trustee
On filings since 2019
0 hrs/week
No compensation reported
Shelley S. Preston
Co-Trustee
On filings since 2019
0 hrs/week
No compensation reported
Former officers (2)
- Former: Seymour S. Preston Iii Dec'd (2020) — Co-Trustee
- Former: Seymour S. Preston III (2019) — Co-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.
Frequently asked questions about Millrace Foundation Charitable Trust
How much does Millrace Foundation Charitable Trust give each year?
Millrace Foundation Charitable Trust gave $111K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $100K across 9 grants.
What is Millrace Foundation Charitable Trust's typical grant size?
Millrace Foundation Charitable Trust's median grant in 2025 was $13,000, and its average grant was $12,333, across 9 grants on its 2025 IRS Form 990-PF.
Where does Millrace Foundation Charitable Trust give grants?
Millrace Foundation Charitable Trust gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Philadelphia, PA (6 grants) and West Chester, PA (3 grants).
Does Millrace Foundation Charitable Trust give general operating support?
Yes: 89% of Millrace Foundation Charitable Trust's 2025 grants with a stated purpose (8 of 9) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Millrace Foundation Charitable Trust's largest grantees?
Millrace Foundation Charitable Trust's largest 2025 grantees include Ardella's House Inc ($14,000), Maternal and Child Health Consortium ($14,000) and Safe Harbor of Chester County ($14,000), according to its 2025 IRS Form 990-PF. Together they received 38% of its itemized 2025 grant dollars.
How large is Millrace Foundation Charitable Trust?
Millrace Foundation Charitable Trust reported $1.2M in total assets on its 2025 IRS Form 990-PF. It paid out $118K in qualifying distributions that year, against a required minimum of $105K (roughly 5% of its investment assets).
What is Millrace Foundation Charitable Trust's EIN?
Millrace Foundation Charitable Trust's EIN (Employer Identification Number) is 30-6178411. 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
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 10, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 9, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in Millrace Foundation Charitable Trust's focus areas in our free grants database
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