The Rebecca C Parsons Foundation
The Rebecca C Parsons Foundation is a private foundation established in 1994 and based in Pawleys Island, South Carolina. The foundation operates as a 501(c)(3) tax-exempt organization with EIN 57-0990214. It functions with no employees and focuses on providing financial assistance through scholarships and charitable contributions to support education and community development in its local service area.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.0M
+31.9% YoY
Annual Giving
$384K
-54.4% YoY
Grant Count
34
-10.5% YoY
Avg Grant Size
$11K
-49.0% YoY
Mission & Focus Areas
The foundation's primary purpose is to provide financial assistance to qualified high school seniors and graduates from the local area to help them further their education. The foundation maintains two core program areas:
- Scholarship Program: Financial assistance for qualified high school seniors and area graduates, with particular focus on Andrews High School graduates
- Local Charitable Contributions: Support for local nonprofit organizations in their exempt activities, with emphasis on Christian churches and organizations in Andrews, South Carolina
Grantmaking
The foundation made nine grants in 2023 and continues active grantmaking. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation's giving is concentrated in South Carolina, with particular emphasis on:
- Andrews, South Carolina
- Georgetown County area
- Coastal Carolina region
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $8,044,556
- Total Revenues: $2,359,104
- Total Expenses: $518,206
As of 2023:
- Total Assets: $6,098,940
- Total Revenues: $256,293
- Total Expenses: $910,855
The foundation maintains significant financial capacity with assets exceeding $8 million and demonstrates consistent grantmaking activity.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,044,556 | $6,098,940 | $6,738,271 |
| Revenue | $2,359,104 | $256,293 | $343,287 |
| Expenses | $518,206 | $910,855 | $309,851 |
| Qualifying Distributions | $468,440 | $883,504 | $247,200 |
| Net Investment Income | $2,309,721 | $231,835 | $202,359 |
| Distributable Amount | $386,847 | $402,672 | — |
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
97 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by three trustees:
- William Gaskins, Jr. - Trustee
- Robert D Harper Jr. - Trustee (compensation: $12,000)
- Martha Lynn Mercer Gaskins - Trustee (compensation: $12,000)
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Recent News & Activity
Recent developments and announcements
In November 2024, the Rebecca C Parsons Foundation announced a major partnership with Horry-Georgetown Technical College to establish the Parsons Foundation Opportunity Scholarship. This initiative represents an expansion of the foundation's educational mission beyond traditional high school scholarships to include workforce development and career training programs. The scholarship was designed in response to economic challenges facing the Andrews community following the closure of a major employer in the region.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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