Millrace Foundation Charitable Trust
Millrace Foundation Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RADNOR, PA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 9 grants totaling $100K. Net investment income was $83K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
-1.9% YoY
Annual Giving
$100K
+0.0% YoY
Grant Count
9
-10.0% YoY
Avg Grant Size
$11K
+11.1% YoY
Under IRS private-foundation payout rules, Millrace Foundation Charitable Trust reported a distributable amount of $100K for 2024 — the minimum it must pay out in qualifying distributions.
About Millrace Foundation Charitable Trust
Based on IRS filings
Millrace Foundation Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RADNOR, PA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 9 grants totaling $100K. Net investment income was $83K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,249,009 | $1,272,913 | $1,331,513 |
| Revenue | $98,159 | $64,907 | $50,921 |
| Expenses | $122,063 | $123,507 | $119,400 |
| Qualifying Distributions | $107,082 | $107,123 | $105,426 |
| Net Investment Income | $83,178 | $48,523 | $36,947 |
| Distributable Amount | $99,936 | $93,518 | $96,017 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Historic Fairhill Inc ($12,000), Maternal and Child Health Consortium ($12,000), Safe Harbor of Chester County ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARDELLA'S HOUSE INC PHILADELPHIA, PA | GENERAL OPERATING SUPPORT | $11,000 |
| COMMUNITY VOLUNTEERS IN MEDICINE WEST CHESTER, PA | GENERAL OPERATING SUPPORT | $10,000 |
| HISTORIC FAIRHILL INC PHILADELPHIA, PA | GENERAL OPERATING SUPPORT | $12,000 |
| MATERNAL AND CHILD HEALTH CONSORTIUM WEST CHESTER, PA | GENERAL OPERATING SUPPORT | $12,000 |
| SAFE HARBOR OF CHESTER COUNTY WEST CHESTER, PA | GENERAL OPERATING SUPPORT | $12,000 |
| THE ACADEMY OF NATURAL SCIENCES OF DREXEL UNIVERSITY PHILADELPHIA, PA | GENERAL OPERATING SUPPORT | $11,000 |
| THE CITY SCHOOL PHILADELPHIA, PA | ACADEMIC SUPPORT PROGRAM | $11,000 |
| THE SIMPLE WAY PHILADELPHIA, PA | GENERAL OPERATING SUPPORT | $10,000 |
| WEST PHILADELPHIA ALLIANCE FOR CHILDREN PHILADELPHIA, PA | GENERAL OPERATING SUPPORT | $11,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JEAN E H PRESTON | CO-TRUSTEE | 0.01 | — |
| SHELLEY S PRESTON | CO-TRUSTEE | 0.01 | — |
| JOHN P KELLY | CO-TRUSTEE | 0.01 | — |
| KATHERINE E PRESTON | CO-TRUSTEE | 0.01 | — |
| COURTNEY P CROSBY | CO-TRUSTEE | 0.01 | — |
| JOHN C CROSBY JR | CO-TRUSTEE | 0.01 | — |
| ALICIA P MILLER | CO-TRUSTEE | 0.01 | — |
| MICHAEL C MILLER | CO-TRUSTEE | 0.01 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Millrace Foundation Charitable Trust?
Millrace Foundation Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RADNOR, PA. It holds $1.2M in total assets as of 2024.
How large is Millrace Foundation Charitable Trust?
As of 2024, Millrace Foundation Charitable Trust holds $1.2M in total assets with $98K in annual revenue. It awarded 9 grants totaling $100K in 2024.
Where does Millrace Foundation Charitable Trust operate?
Millrace Foundation Charitable Trust has awarded grants in Pennsylvania.
What size grants does Millrace Foundation Charitable Trust award?
In 2024, Millrace Foundation Charitable Trust awarded 9 grants totaling $100K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Millrace Foundation Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Millrace Foundation Charitable Trust reported a distributable amount of $100K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2019–2024.
Explore Open Grants
Browse active grant opportunities in Millrace Foundation Charitable Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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