The Memton Fund Inc
The Memton Fund Inc is a private foundation based in Wilmington, Delaware. Incorporated in 1936 in New York, the organization has maintained tax-exempt 501(c)(3) status since September 1938. The foundation operates as a family foundation with a focus on grantmaking across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.4M
+3.2% YoY
Annual Giving
$572K
-1.8% YoY
Grant Count
146
+9.8% YoY
Avg Grant Size
$4K
-10.6% YoY
Under IRS private-foundation payout rules, The Memton Fund Inc reported a distributable amount of $691K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Memton Fund supports education, philanthropy, voluntarism and grantmaking, and human services. The foundation makes grants to a diverse range of organizations and causes, with recent grantees including Team Rubicon, Alima USA, International Center of Photography (ICP), and various community and cultural organizations.
Grantmaking
The Memton Fund made 147 grants in 2024, with total giving of $571,550. Typical grant awards range from $500 to $40,000. Recent grants include:
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Geographic Focus
Where this funder awards grants
The Memton Fund's grantmaking focuses primarily on New York, New Hampshire, and Utah.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $11,365,340
- Total Revenue: $1,099,688
- Total Expenses: $741,999
- Net Income: $357,689
- Total Liabilities: $0
- Investment Income and Dividends: $417,265
The foundation has no employees and receives no contributions as a source of revenue, relying instead on investment income to support its grantmaking activities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,365,340 | $11,007,651 | $10,379,025 |
| Revenue | $1,099,688 | $1,346,985 | $453,253 |
| Expenses | $741,999 | $718,359 | $863,434 |
| Qualifying Distributions | $653,742 | $651,207 | $778,937 |
| Net Investment Income | $1,032,731 | $1,284,133 | $380,056 |
| Distributable Amount | $690,900 | $639,085 | $659,181 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Alima Usa Inc ($20,000), Caahc Community Outreach Safepoint ($17,500), Community Foundation of Sarasota County Inc ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ADVOCATES FOR ACADEMIC EXCELLENCE IN EDUCATION INC NEW ORLEANS, LA | General & Unrestricted | $1,000 |
| ALASKA CONSERVATION FOUNDATION ANCHORAGE, AK | General & Unrestricted | $8,000 |
| ALIMA USA INC NEW YORK, NY | General & Unrestricted | $20,000 |
| ALL SOULS CHURCH TANNERSVILLE, NY | Outreach Support | $2,000 |
| AMERICAN CAVE CONSERVATION ASSOCIATION HORSE CAVE, KY | General & Unrestricted | $3,000 |
| ANIMAL WELFARE LEAGUE OF ARLINGTON VA INCORPORATED ARLINGTON, VA | General & Unrestricted | $1,000 |
| ANITAS STEVENS-SWAN HUMANE SOCIETY UTICA, NY | General & Unrestricted | $1,000 |
| APPLE HILL CENTER FOR CHAMBER MUSIC INC SULLIVAN, NH | General & Unrestricted | $4,000 |
| ARS HOLDING INC NEW YORK, NY | Scholarship Assistance Fund | $5,000 |
| ARS HOLDING INC NEW YORK, NY | General & Unrestricted | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Frank B Arisman | Dir, Assistant Treas | 1 | — |
| Mary Ann Arisman | Dir, Assistant Sec | 1 | — |
| Elizabeth Drumwright | Dir | 1 | — |
| Robert V Edgar | Dir | 1 | — |
| E 'Shepi' Shepard Farrar | Dir, Pres, VP | 2 | — |
| John E Garren | Dir | 1 | — |
| Alexandra D Giordano | Dir | 1 | — |
| Ellen W Levy | Dir, Sec | 2 | — |
| Ron Levy | VP, Pres | 2 | — |
| Samuel 'Toma' Thomas Milbank | Dir | 1 | — |
| Samuel L 'Tony' Milbank | Treas, Dir | 2 | — |
| Thomas L Milbank | Dir | 1 | — |
| Nathalie Milbank Nolte | Dir | 1 | — |
| Thomas Nolte | Dir | 1 | — |
| Karen Quackenbush | Dir | 1 | — |
| Pamela White | Dir | 1 | — |
Contact Information
Address: Foundation Source, 501 Silverside Road, Wilmington, DE 19809
Telephone: 800-839-1754
Frequently Asked Questions
What does The Memton Fund Inc fund?
The Memton Fund supports education, philanthropy, voluntarism and grantmaking, and human services. The foundation makes grants to a diverse range of organizations and causes, with recent grantees including Team Rubicon, Alima USA, International Center of Photography (ICP), and various community and cultural organizations.
How do I apply for a grant from The Memton Fund Inc?
The Memton Fund made 147 grants in 2024, with total giving of $571,550. Typical grant awards range from $500 to $40,000. Recent grants include: • Alima USA: $20,000 (General & Unrestricted) • Caahc Community Outreach Safepoint: $17,500 (General & Unrestricted) • International Center of Photography (ICP): $15,000 (General & Unrestricted) The foundation also supports general and unrestricted funding, alumni funds, and cultural organizations.
Where does The Memton Fund Inc make grants?
The Memton Fund's grantmaking focuses primarily on New York, New Hampshire, and Utah.
What size grants does The Memton Fund Inc award?
In 2024, The Memton Fund Inc awarded 146 grants totaling $572K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Memton Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Memton Fund Inc reported a distributable amount of $691K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Memton Fund Inc's EIN?
The Memton Fund Inc's EIN (Employer Identification Number) is 13-6096608. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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