The Franklin E & Martha Covington King Memorial Tr
The Franklin E & Martha Covington King Memorial Tr is a private foundation focused on Education, based in GREENWOOD, SC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $305K in total assets. Net investment income was $23K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$305K
+2.3% YoY
Revenue
$30K
+75.2% YoY
Net Investment Income
$23K
+120.3% YoY
Expenses
$7K
-68.9% YoY
Under IRS private-foundation payout rules, The Franklin E & Martha Covington King Memorial Tr reported a distributable amount of $17K for 2025 — the minimum it must pay out in qualifying distributions.
About The Franklin E & Martha Covington King Memorial Tr
Based on IRS filings
The Franklin E & Martha Covington King Memorial Tr is a private foundation focused on Education, based in GREENWOOD, SC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $305K in total assets. Net investment income was $23K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $304,787 | $297,933 | $303,814 |
| Revenue | $30,186 | $17,229 | $8,442 |
| Expenses | $7,230 | $23,279 | $25,786 |
| Qualifying Distributions | — | — | $18,159 |
| Net Investment Income | $22,957 | $10,423 | $815 |
| Distributable Amount | $16,976 | $16,474 | $16,473 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2025
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THE LANDER FOUNDATION | TRUSTEE | — | — |
| MARGARET B WELCH | TRUSTEE | — | — |
| JAMES WELCH | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Franklin E & Martha Covington King Memorial Tr?
The Franklin E & Martha Covington King Memorial Tr is a nonprofit organization focused on Education, based in GREENWOOD, SC. It holds $305K in total assets as of 2025.
How large is The Franklin E & Martha Covington King Memorial Tr?
As of 2025, The Franklin E & Martha Covington King Memorial Tr holds $305K in total assets with $30K in annual revenue.
Where does The Franklin E & Martha Covington King Memorial Tr operate?
The Franklin E & Martha Covington King Memorial Tr has awarded grants in South Carolina.
How much is The Franklin E & Martha Covington King Memorial Tr required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Franklin E & Martha Covington King Memorial Tr reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Franklin E & Martha Covington King Memorial Tr's EIN?
The Franklin E & Martha Covington King Memorial Tr's EIN (Employer Identification Number) is 58-6347523. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.