West Point Class of 1998 Memorial Scholarship Fund Inc
The 98 fund exists to serve and support graduates and graduate families of the united states military academy principally through educational scholarships, financial support, and mentorship of the spouses and children of our fallen graduates. The 98 fund owns and operates a summer camp compound in Alaska to provide beneficial experiences for the families of our fallen graduates and fellowship opportunities for west point graduates.
West Point Class of 1998 Memorial Scholarship Fund Inc at a glance
- Total assets
- $1,641,983
- +23.2% vs 2023
- Revenue (2024)
- $318,668
- -26.2% vs 2023
- Net investment income (2024)
- $51,787
- +6094.6% vs 2023
- Expenses (2024)
- $408,738
- -31.9% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who West Point Class of 1998 Memorial Scholarship Fund Inc funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $100–250K range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 1 grant totaling $119K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| WPC of 1999 Legacy Fund Flower Mound, TX | Support Class OF1999 | $118,757 |
Ready to take the next step with West Point Class of 1998 Memorial Scholarship Fund Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $1,641,983 | $318,668 | $408,738 | — | — | $51,787 |
| 2023 | $1,332,742 | $431,610 | $599,923 | $118,757 | 1 | $836 |
| 2022 | $1,395,835 | $629,808 | $402,669 | — | — | $185 |
| 2021 | $972,503 | $333,585 | $296,878 | — | — | $40 |
| 2020 | $806,464 | $198,757 | $68,364 | — | — | $73 |
About West Point Class of 1998 Memorial Scholarship Fund Inc
Based on IRS filings
West Point Class of 1998 Memorial Scholarship Fund Inc is a public charity focused on Education, based in Hingham, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. Net investment income was $52K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
West Point Class of 1998 Memorial Scholarship Fund Inc is led by Mark Derocchi, President on every filing since 2020; none of the 16 officers listed in 2024 report compensation.
Officers on the 2024 filing
Mark Derocchi
President
On filings since 2020
5 hrs/week
No compensation reported
John Serafini
Chairman & T
Chairmen & T → Chairman & T, 2021
On filings since 2020
5 hrs/week
No compensation reported
Jason Kostal
Board Member
On filings since 2020
5 hrs/week
No compensation reported
Mark Weaver
Vice President & Board M
On filings since 2020
5 hrs/week
No compensation reported
Michelle Lavicka
Board Member
On filings since 2020
3 hrs/week
No compensation reported
Traci Voelke
Board Member
On filings since 2020
3 hrs/week
No compensation reported
George Woods
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Anderson Puckett
Board Member
On filings since 2023
3 hrs/week
No compensation reported
Ann Bonney
Board Member
On filings since 2023
3 hrs/week
No compensation reported
Chris McQuillen
Board Member
On filings since 2023
3 hrs/week
No compensation reported
Jason Parks
Board Member
On filings since 2023
3 hrs/week
No compensation reported
Kaleigh Wotring
Board Member
On filings since 2023
3 hrs/week
No compensation reported
Mike Avery
Board Member
On filings since 2023
3 hrs/week
No compensation reported
Stacey Tomic
Board Member
On filings since 2023
3 hrs/week
No compensation reported
Steven Tetreault
Board Member
On filings since 2023
3 hrs/week
No compensation reported
William Gibbs
Board Member
On filings since 2023
3 hrs/week
No compensation reported
Former officers (3)
- Former: Nick Palmisciano (2020–2022) — Board Member
- Former: Scott Galloway (2020–2022) — Board Member
- Former: William Song (2020–2022) — Board Member
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about West Point Class of 1998 Memorial Scholarship Fund Inc
How large is West Point Class of 1998 Memorial Scholarship Fund Inc?
West Point Class of 1998 Memorial Scholarship Fund Inc reported $1.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $319K.
What is West Point Class of 1998 Memorial Scholarship Fund Inc?
West Point Class of 1998 Memorial Scholarship Fund Inc is a public charity focused on Education, based in Hingham, MA. It holds $1.6M in total assets as of 2024.
Where does West Point Class of 1998 Memorial Scholarship Fund Inc operate?
West Point Class of 1998 Memorial Scholarship Fund Inc has awarded grants in Texas.
What is West Point Class of 1998 Memorial Scholarship Fund Inc's EIN?
West Point Class of 1998 Memorial Scholarship Fund Inc's EIN (Employer Identification Number) is 32-0289471. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work West Point Class of 1998 Memorial Scholarship Fund Inc funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in West Point Class of 1998 Memorial Scholarship Fund Inc's focus areas in our free grants database
Similar Funders
Similar funders in Massachusetts
Boston Foundation Inc
Boston, MA
The Boston Foundation funds nonprofits and community initiatives focused on equity and opportunity, including child well-being, economic opportunity, community wealth, and community leadership, primarily in Greater Boston. Its 2025 grants had a median of $25,000, while specific programs offer amounts such as $50,000; whether it accepts unsolicited requests is not stated.
Assets
$2.1B
Grants
2,375
Total Given
$228.4M
Barr Foundation
Boston, MA
The Barr Foundation funds arts and creativity, climate, education, and New England’s social sector, primarily through long-term support for organizations in New England. Its 2024 grants ranged from $100 to $3.275 million, with a median of $80,000. Its filing says it accepts only requests from preselected organizations and does not accept unsolicited requests, though its website describes program-page inquiries and occasional open calls.
Assets
$1.9B
Grants
903
Total Given
$123.2M
Liberty Mutual Foundation Inc
Boston, MA
Liberty Mutual Foundation funds basic needs such as food and shelter, education and workforce development, and climate and community infrastructure, including homelessness and community preparedness programs. Its 2024 grants had a median of $35,000, and most funding supports organizations or programs serving the Boston area, though it also gives elsewhere. It accepts unsolicited online requests on a rolling basis, with no submission deadlines.
Assets
$46.1M
Grants
706
Total Given
$50.6M
Cummings Foundation Grants Inc (FKA Oneworld Boston Inc)
Woburn, MA
Cummings Foundation Grants Inc. funds nonprofits working in human services, education, healthcare, fairness and justice, and the environment, primarily in greater Boston and eastern Massachusetts. Its 2024 grants ranged from $1,000 to $3.5 million, with a median of $35,000; it accepts letters of inquiry through an online portal during its application cycle, which was not open at the time described.
Assets
$258.2M
Grants
658
Total Given
$38.2M
American Tower Corporation Foundation
Boston, MA
Assets
$15.4M
Grants
632
Total Given
$1.7M
The Stephen Phillips Memorial Scholarship Fund Inc
Boston, MA
The fund awards need- and merit-based scholarships to full-time students pursuing bachelor’s degrees who permanently reside in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, or Vermont; recipients may attend college anywhere in the United States. Awards generally range from $3,000 to $17,000, with typical annual awards of $6,000 to $10,000. It accepts applications through an online student portal; the profile does not describe other unsolicited requests.
Assets
$41.6M
Grants
520
Total Given
$5.1M
More similar funders
More Funders in Massachusetts
Cite this profile
Grantable. (2026). West Point Class of 1998 Memorial Scholarship Fund Inc funder profile. GrantGraph. Retrieved October 26, 2026, from https://grantable.co/funders/west-point-class-of-1998-memorial-scholarship-fund-inc-morg_49f96a4ee7a942a09958f33f598cdec8
BibTeX
@misc{grantable_320289471_2026,
author = {{Grantable}},
title = {{West Point Class of 1998 Memorial Scholarship Fund Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/west-point-class-of-1998-memorial-scholarship-fund-inc-morg_49f96a4ee7a942a09958f33f598cdec8},
note = {Accessed 2026-10-26. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from West Point Class of 1998 Memorial Scholarship Fund Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
West Point Class of 1998 Memorial Scholarship Fund Inc down — hundreds of funders to go?