Millrace Foundation

Private foundation · Grantmaker Hobe Sound, FL EIN: 87-6629677

MILLRACE FOUNDATION is a private foundation based in Hobe Sound, Florida. It supports charitable organizations through grants; its 2025 grants went to organizations in New Jersey, New York, Illinois, Pennsylvania, and Florida.

Key facts about Millrace Foundation

In short: Millrace Foundation gave $252K across 26 grants in 2025 (avg $10K), mostly in New Jersey. 23% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.

EIN
87-6629677
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$252,473
Grants made (2025)
26
Average grant
$9,711
Median grant
$5,000
New grantees (estimate)
23% first-time grantees (6 of 26, 2025)
Total assets
$4,593,679
Primary geography
New Jersey (52% of itemized 2025 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$4.6M

-0.0% YoY

Annual Giving

$252K

+29.3% YoY

Grant Count

26

+8.3% YoY

Avg Grant Size

$10K

+19.4% YoY

Under IRS private-foundation payout rules, Millrace Foundation reported a distributable amount of $242K for 2025 — the minimum it must pay out in qualifying distributions.

Is Millrace Foundation open to new grantees?

23%

first-time grantees, 2025

In 2025, 6 of 26 grantees (23%) were first-time recipients. First grants averaged $4K; repeat grants $11K. How we count

Medians: $4K first-time, $8K repeat.

  • 73% of 2025 grantees were also funded in 2024. Method
  • In 2025 it paid out 104% of its IRS minimum distribution (the 5% rule). Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2023–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

The foundation’s own filing does not state a mission. Its 2025 grantees include educational organizations, youth-serving groups, and community organizations. For example, Evans Scholars Foundation says it provides scholarships and educational opportunities for caddies; Far Hills Country Day School describes its work as combining academic excellence with character development; and Loblolly Community Foundation says it supports the educational, health, and welfare needs of the Hobe Sound and Martin County community.

Other 2025 recipients describe work that includes summer camp for children from Greater Newark (Life Camp), opportunities for New Jersey youth through sports and entertainment (Devils Youth Foundation), and funding for qualified children to attend partner preschools (Preschool Advantage).

Grantmaking

In 2025, the foundation awarded 26 grants totaling $252,473. Grants ranged from $500 to $58,973, with a median grant of $5,000. The largest listed grants were $58,973 to Brown Brothers Harriman DAF XX509, $25,000 each to Far Hills Country Day School and Evans Scholars Foundation, and $17,500 to The Hill School. Other notable grants included $15,000 to Foundation for Morristown Med Ctr and $10,000 each to Kent Place School, St Simon by the Sea Church, Life Camp, Loblolly Community Foundation, and Devils Youth Foundation.

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Geographic Focus

Where this funder awards grants

In 2025, 52% of grant dollars went to recipients in New Jersey, 25% to New York, 10% to Illinois, 7% to Pennsylvania, and 4% to Florida.

Grant Distribution by State

9states

Share of 2025 grant dollars across all 26 itemized grants.

Cities

MorristownMantolokingFar HillsBay HeadBernardsvilleGlenviewHobe SoundMiamiOldwickPawlingPottstownSummitTom RiverWashingtonBedminsterBoonNew YorkNewarkNorth BranchSmithfield

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K0 grants2021 22 grants2023 24 grants2024 26 grants2025

From 2023 to 2025, annual grant giving ranged from $195K (2024) to $255K (2023). In 2025 it made 26 grants totaling $252K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

Brown Brothers Harriman DAF XX509: $59KBrown Brothers Harriman DAFXX509$59KFar Hills Country Day School: $25KFar Hills Country Day School$25KEvans Scholars Foundation: $25KEvans Scholars Foundation$25KThe Hill School: $18KThe Hill School$18KFoundation for Morristown Med Ctr: $15KFoundation for Morristown MedCtr$15KKent Place School: $10KKent Place School$10KSt Simon by the Sea Church: $10KSt Simon by the Sea Church$10KLife Camp: $10KLife Camp$10KLoblolly Community Foundation Inc: $10KLoblolly Community FoundationInc$10KDevils Youth Foundation: $10KDevils Youth Foundation$10K

The largest 2025 recipient was Brown Brothers Harriman DAF XX509 ($59K). Together the top 10 received $191K.

Grant Size Distribution

72 grants across all recorded years

70<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 70 grants of 72 (97%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Brown Brothers Harriman DAF XX509 New York, NYFund Future Growth of Organizati$58,973
Far Hills Country Day School Far Hills, NJFund Future Growth of Organization$25,000
Evans Scholars Foundation Glenview, ILFund Future Growth of Organization$25,000
The Hill School Pottstown, PAFund Future Growth of Organization$17,500
Foundation for Morristown Med Ctr Morristown, NJFund Future Growth of Organization$15,000
Kent Place School Summit, NJFund Future Growth of Organization$10,000
St Simon by the Sea Church Mantoloking, NJFund Future Growth of Organization$10,000
Life Camp Morristown, NJFund Future Growth of Organization$10,000
Loblolly Community Foundation Inc Hobe Sound, FLFund Furure Growth of Organization$10,000
Devils Youth Foundation Newark, NJFund Future Growth of Organization$10,000

Financial History

Multi-year comparison from IRS filings

Filing year Grant total Grant count
2025 $252,473 26
2024 $195,200 24
2023 $255,000 22
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M2021 2023 2024 2025
Metric202520242023
Total Assets$4,593,679$4,595,011$4,640,536
Revenue$278,770$183,729$-20,491
Expenses$280,102$229,254$277,799
Qualifying Distributions$252,473$195,200$255,000
Net Investment Income$258,941$146,591$99,411
Distributable Amount$241,703$237,493$216,393

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2021 (received by the IRS August 26, 2022)
  2. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 11, 2024)
  3. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
  4. Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
  5. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists C Correll Durling as president, Eleanor W Durling as trustee, C Chapin Durling as secretary, Phillips C Durling as vice president, and Henry A Durling as treasurer.

Millrace Foundation is led by C. Chapin Durling, President & Secretary since 2023 (on filings since 2021); none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • C. Chapin Durling

    President & Secretary

    Trustee → President & Secretary, 2023

    On filings since 2021

    No compensation reported

  • Eleanor W. Durling

    Trustee

    On filings since 2021

    No compensation reported

  • Henry A. Durling

    Treasurer

    Trustee → Treasurer, 2023

    On filings since 2021

    No compensation reported

  • Phillips C. Durling

    Vice President

    Trustee → Vice President, 2023

    On filings since 2021

    No compensation reported

Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Mailing address: 8148 Se Clubhouse Drive, Hobe Sound, FL 33455
Phone: (908) 391-3634

Frequently asked questions about Millrace Foundation

How much does Millrace Foundation give each year?

Millrace Foundation gave $252K across 26 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $195K across 24 grants.

What is Millrace Foundation's typical grant size?

Millrace Foundation's median grant in 2025 was $5,000, and its average grant was $9,711, across 26 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Millrace Foundation that year got $4K on average.

Where does Millrace Foundation give grants?

Millrace Foundation gives mostly in New Jersey: 52% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (25%) and Illinois (10%). The most frequent recipient cities were Morristown, NJ (4 grants), Far Hills, NJ (2 grants) and Mantoloking, NJ (2 grants).

Does Millrace Foundation give general operating support?

Not in 2025: none of the 26 grants with a stated purpose on Millrace Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Fund Future Growth of Organization" (22 grants).

Who are Millrace Foundation's largest grantees?

Millrace Foundation's largest 2025 grantees include Brown Brothers Harriman DAF XX509 ($58,973), Far Hills Country Day School ($25,000) and Evans Scholars Foundation ($25,000), according to its 2025 IRS Form 990-PF. Together they received 43% of its itemized 2025 grant dollars.

How large is Millrace Foundation?

Millrace Foundation reported $4.6M in total assets on its 2025 IRS Form 990-PF. It paid out $252K in qualifying distributions that year, against a required minimum of $242K (roughly 5% of its investment assets).

What does Millrace Foundation fund?

The foundation’s own filing does not state a mission. Its 2025 grantees include educational organizations, youth-serving groups, and community organizations. See mission & focus areas ↑

How do I apply for a grant from Millrace Foundation?

The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Millrace Foundation's EIN?

Millrace Foundation's EIN (Employer Identification Number) is 87-6629677. IRS Form 990 filing data is available on this page for 2021–2025.

Does Millrace Foundation accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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