Phillip Ralston Memorial Scholarship Trust

Private foundation · Grantmaker Rockvale, TN EIN: 31-6676032

Phillip Ralston Memorial Scholarship Trust is a private foundation focused on Education, based in Rockvale, TN. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $83K in total assets. In 2024, it awarded 7 grants totaling $13K. Net investment income was $5K.

Key facts about Phillip Ralston Memorial Scholarship Trust

In short: Phillip Ralston Memorial Scholarship Trust gave $13K across 7 grants in 2024 (avg $2K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.

EIN
31-6676032
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$13,000
Grants made (2024)
7
Average grant
$1,857
Median grant
$2,000
Total assets
$82,602
Primary geography
Tennessee (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$83K

-0.8% YoY

Annual Giving

$13K

-13.3% YoY

Grant Count

7

-12.5% YoY

Avg Grant Size

$2K

-1.0% YoY

How Phillip Ralston Memorial Scholarship Trust gives

  • Giving grew 44% from 2021 to 2024. Method
  • In 2023 it paid out 362% of its IRS minimum distribution (the 5% rule). 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 2024 grant dollars across all 7 itemized grants.

States

Cities

Bell BuckleChapel HillShelbyvilleUnionville

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K5 grants2019 5 grants2020 5 grants2021 7 grants2022 8 grants2023 7 grants2024

From 2019 to 2024, annual grant giving ranged from $7K (2019) to $15K (2023). In 2024 it made 7 grants totaling $13K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

32 grants across all recorded years

32<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 32 grants of 32 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
7 individual scholarships Recipients not named —$13,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5K$10K$15K$20K2019 2020 2021 2022 2023 2024
Metric202420232022
Total Assets$82,602$83,296$89,179
Revenue$10,715$7,809$10,171
Expenses$13,704$15,686$13,665
Qualifying Distributions$13,000$15,000$13,000
Net Investment Income$4,722$7,809$10,171
Distributable Amount—$4,138$4,689

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS May 18, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS September 30, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS September 14, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 20, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS September 25, 2025)
  7. IRS filings on file for fiscal years 2019–2024

Leadership & Key People

Officers and directors from IRS filings

Phillip Ralston Memorial Scholarship Trust is led by Melvin L. Ralston, Trustee on every filing since 2019 — the only officer listed, and uncompensated.

Officers on the 2024 filing

  • Melvin L. Ralston

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2019–2024. "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 Phillip Ralston Memorial Scholarship Trust

How much does Phillip Ralston Memorial Scholarship Trust give each year?

Phillip Ralston Memorial Scholarship Trust gave $13K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $15K across 8 grants.

What is Phillip Ralston Memorial Scholarship Trust's typical grant size?

Phillip Ralston Memorial Scholarship Trust's median grant in 2024 was $2,000, and its average grant was $1,857, across 7 grants on its 2024 IRS Form 990-PF.

Where does Phillip Ralston Memorial Scholarship Trust give grants?

Phillip Ralston Memorial Scholarship Trust gives mostly in Tennessee: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.

Does Phillip Ralston Memorial Scholarship Trust give general operating support?

Not in 2024: none of the 7 grants with a stated purpose on Phillip Ralston Memorial Scholarship Trust's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "College Tuition" (7 grants).

How large is Phillip Ralston Memorial Scholarship Trust?

Phillip Ralston Memorial Scholarship Trust reported $83K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $11K.

What is Phillip Ralston Memorial Scholarship Trust?

Phillip Ralston Memorial Scholarship Trust is a private foundation focused on Education, based in Rockvale, TN. It holds $83K in total assets as of 2024.

What is Phillip Ralston Memorial Scholarship Trust's EIN?

Phillip Ralston Memorial Scholarship Trust's EIN (Employer Identification Number) is 31-6676032. IRS Form 990 filing data is available on this page for 2019–2024.

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

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