Seth M Milliken Foundation Inc
Seth M Milliken Foundation Inc is a private foundation, based in Spartanburg, SC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $5.0M in total assets. In 2025, it awarded 1 grant totaling $315K. Net investment income was $473K.
Key facts about Seth M Milliken Foundation Inc
In short: Seth M Milliken Foundation Inc gave $315K across 1 grant in 2025 (avg $315K), mostly in South Carolina. Source: 2025 IRS Form 990-PF.
- EIN
- 23-7213940
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $315,000
- Grants made (2025)
- 1
- Average grant
- $315,000
- Median grant
- $315,000
- Total assets
- $5,001,355
- Primary geography
- South Carolina (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$5.0M
+3.4% YoY
Annual Giving
$315K
+6.8% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$315K
+6.8% YoY
Under IRS private-foundation payout rules, Seth M Milliken Foundation Inc reported a distributable amount of $339K for 2025 — the minimum it must pay out in qualifying distributions.
How Seth M Milliken Foundation Inc gives
- Giving grew 26% from 2022 to 2025. Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $250K (2021) to $315K (2025). In 2025 it made 1 grant totaling $315K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Spartanburg Day School ($315K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Spartanburg Day School Spartanburg, SC | General Funds | $315,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,001,355 | $4,835,723 | $4,653,174 |
| Revenue | $516,391 | $505,646 | $253,339 |
| Expenses | $364,834 | $336,278 | $333,428 |
| Qualifying Distributions | $317,778 | $296,827 | $296,511 |
| Net Investment Income | $472,839 | $467,383 | $217,937 |
| Distributable Amount | $338,634 | $315,510 | $296,930 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 25, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS January 23, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS January 30, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 29, 2026)
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
Seth M Milliken Foundation Inc is led by Justine VR Russell, Trustee & President on every filing since 2021; none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Justine VR Russell
Trustee & President
On filings since 2021
0.1 hrs/week
No compensation reported
Betty Montgomery
Trustee
On filings since 2021
0.1 hrs/week
No compensation reported
Dorothy Josey
Trustee
On filings since 2021
0.1 hrs/week
No compensation reported
Maxwell S Milliken
Trustee
On filings since 2021
0.1 hrs/week
No compensation reported
Nancy Milliken
Trustee & Vice President
On filings since 2021
0.1 hrs/week
No compensation reported
William Barnet
Trustee
On filings since 2021
0.1 hrs/week
No compensation reported
Susan Bridges
Trustee
New on the 2025 filing
0.1 hrs/week
No compensation reported
Thomas J Hamilton
Secretary & Treasurer
On filings since 2021
0.1 hrs/week
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.
Frequently asked questions about Seth M Milliken Foundation Inc
How much does Seth M Milliken Foundation Inc give each year?
Seth M Milliken Foundation Inc gave $315K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $295K across 1 grant.
How large is Seth M Milliken Foundation Inc?
Seth M Milliken Foundation Inc reported $5.0M in total assets on its 2025 IRS Form 990-PF. It paid out $318K in qualifying distributions that year, against a required minimum of $339K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Seth M Milliken Foundation Inc operate?
Seth M Milliken Foundation Inc has awarded grants in South Carolina.
What is Seth M Milliken Foundation Inc's EIN?
Seth M Milliken Foundation Inc's EIN (Employer Identification Number) is 23-7213940. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Seth M Milliken Foundation Inc by hand.
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