Phillip Ralston Memorial Scholarship Trust
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.
Phillip Ralston Memorial Scholarship Trust at a glance
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.
- Annual giving (2024)
- $13,000
- -13.3% vs 2023
- Grants made (2024)
- 7
- -12.5% vs 2023
- Average grant
- $1,857
- -1.0% vs 2023
- Median grant
- $2,000
- Total assets
- $82,602
- -0.8% vs 2023
- Primary geography
- Tennessee (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Phillip Ralston Memorial Scholarship Trust funds
How this funder distributes its grants
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 32 grants of 32 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $7K (2019) to $15K (2023). In 2024 it made 7 grants totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 7 individual scholarships Recipients not named | — | $13,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $82,602 | $10,715 | $13,704 | $13,000 | 7 | $13,000 | $4,722 | — |
| 2023 | $83,296 | $7,809 | $15,686 | $15,000 | 8 | $15,000 | $7,809 | $4,138 |
| 2022 | $89,179 | $10,171 | $13,665 | $13,000 | 7 | $13,000 | $10,171 | $4,689 |
| 2021 | $116,887 | $12,258 | $9,550 | $9,000 | 5 | $5,030 | $12,258 | $5,492 |
| 2020 | $105,992 | $7,133 | $7,489 | $7,000 | 5 | — | $7,133 | $5,030 |
| 2019 | $102,273 | $5,233 | $8,032 | $6,500 | 5 | — | $6,228 | $4,618 |
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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 18, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 30, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 20, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 25, 2025)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Phillip Ralston Memorial Scholarship Trust funds
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