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.
Key facts about Virginia-Carolinas Scholarships Foundation
- EIN
- 57-0948342
- Latest 990 filing
- Form 990-PF, 2025
- Total assets
- $704,941
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$705K
+6.2% YoY
Revenue
$64K
-13.6% YoY
Qualifying Distributions
$8K
-81.0% YoY
Expenses
$24K
-56.9% YoY
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.
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $704,941 | $663,906 | $626,766 |
| Revenue | $64,254 | $74,371 | $28,223 |
| Expenses | $23,504 | $54,502 | $24,135 |
| Qualifying Distributions | $7,750 | $40,720 | $15,353 |
| Net Investment Income | $49,854 | $60,975 | $18,920 |
| Distributable Amount | $34,798 | $34,489 | $31,726 |
Data update history
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
Leadership & Key People
Officers and directors from IRS filings
Virginia-Carolinas Scholarships Foundation is led by New York Private Trust, Trustee on every filing since 2020 — the only officer listed, and compensated.
Officers on the 2021 filing
New York Private Trust
Trustee
On filings since 2020
4 hrs/week
$10K (2020) → $4K (2021)
Data from IRS Form 990 filings, 2020–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2021 IRS filing
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).
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 September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Virginia-Carolinas Scholarships Foundation by hand.
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