Seth M Milliken Foundation Inc

SPARTANBURG, SC EIN: 23-7213940

Seth M Milliken Foundation Inc is a private foundation, based in SPARTANBURG, SC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $4.8M in total assets. In 2024, it awarded 1 grants totaling $295K. Net investment income was $467K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.8M

+3.9% YoY

Annual Giving

$295K

+0.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$295K

+0.3% YoY

Under IRS private-foundation payout rules, Seth M Milliken Foundation Inc reported a distributable amount of $316K for 2024 — the minimum it must pay out in qualifying distributions.

About Seth M Milliken Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Carolina $1.1M (100%)

States

South Carolina

Cities

Spartanburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,835,723	$4,653,174	$4,754,873
Revenue	$505,646	$253,339	$461,597
Expenses	$336,278	$333,428	$293,238
Qualifying Distributions	$296,827	$296,511	$252,133
Net Investment Income	$467,383	$217,937	$424,503
Distributable Amount	$315,510	$296,930	$311,475

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Spartanburg Day School ($295,000).

Recipient	Purpose	Amount
Spartanburg Day School Spartanburg, SC	General Funds	$295,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Nancy Milliken	Trustee & Vice President	0.1	—
Justine VR Russell	Trustee & President	0.1	—
Betty Montgomery	Trustee	0.1	—
Thomas J Hamilton	Secretary & Treasurer	0.1	—
Maxwell S Milliken	Trustee	0.1	—
William Barnet	Trustee	0.1	—
Dorothy Josey	Trustee	0.1	—

Frequently Asked Questions

How large is Seth M Milliken Foundation Inc?

As of 2024, Seth M Milliken Foundation Inc holds $4.8M in total assets with $506K in annual revenue. It awarded 1 grants totaling $295K in 2024.

Where does Seth M Milliken Foundation Inc operate?

Seth M Milliken Foundation Inc has awarded grants in South Carolina.

What size grants does Seth M Milliken Foundation Inc award?

In 2024, Seth M Milliken Foundation Inc awarded 1 grants totaling $295K — an average of about $295K per grant, based on its IRS Form 990 filings.

How much is Seth M Milliken Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Seth M Milliken Foundation Inc reported a distributable amount of $316K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2021–2024.