Virginia-Carolinas Scholarships Foundation
Virginia-Carolinas Scholarships Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $705K in total assets. In 2025, it made $8K in qualifying distributions. Net investment income was $50K.
Virginia-Carolinas Scholarships Foundation at a glance
- Total assets
- $704,941
- +6.2% vs 2024
- Revenue (2025)
- $64,254
- -13.6% vs 2024
- Qualifying distributions (2025)
- $7,750
- -81.0% vs 2024
- Expenses (2025)
- $23,504
- -56.9% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Virginia-Carolinas Scholarships Foundation funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Virginia-Carolinas Scholarships Foundation gives
- Giving held roughly steady from 2021 to 2024 (+0%). Method
- In 2025 it paid out 22% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $12K (2023) to $41K (2022). In 2024 it made 1 grant totaling $34K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Scholarship America Inc Washington, DC | Scholarships for Students | $33,970 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $704,941 | $64,254 | $23,504 | — | — | $7,750 | $49,854 | $34,798 |
| 2024 | $663,906 | $74,371 | $54,502 | $33,970 | 1 | $40,720 | $60,975 | $34,489 |
| 2023 | $626,766 | $28,223 | $24,135 | $12,493 | 1 | $15,353 | $18,920 | $31,726 |
| 2022 | $621,762 | $14,107 | $53,509 | $41,000 | 1 | $44,136 | $4,673 | $33,655 |
| 2021 | $657,846 | $44,413 | $48,455 | $34,000 | 1 | $36,543 | $33,650 | $37,226 |
| 2020 | $661,940 | $66,042 | $48,083 | $35,451 | 1 | — | $59,994 | $33,272 |
Under IRS private-foundation payout rules, Virginia-Carolinas Scholarships Foundation reported a distributable amount of $35K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Virginia-Carolinas Scholarships Foundation's only listed officer is JTC Trust Company LTD, Trustee on every filing since 2023 (compensated).
Officers on the 2025 filing
JTC Trust Company LTD
Trustee
On filings since 2023
4 hrs/week
$3K (2023) → $13K (2025)
Former officers (1)
- Former: New York Private Trust (2020–2022) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $13K, to JTC Trust Company (Delaware) Ltd (Trustee).
Frequently asked questions about Virginia-Carolinas Scholarships Foundation
How large is Virginia-Carolinas Scholarships Foundation?
Virginia-Carolinas Scholarships Foundation reported $705K in total assets on its 2025 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $35K (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 Virginia-Carolinas Scholarships Foundation operate?
Virginia-Carolinas Scholarships Foundation has awarded grants in District of Columbia, Virginia.
What is Virginia-Carolinas Scholarships Foundation's EIN?
Virginia-Carolinas Scholarships Foundation's EIN (Employer Identification Number) is 57-0948342. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
- IRS filings on file for fiscal years 2020–2024
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