West Point Class of 1998 Memorial Scholarship Fund Inc

Public charity · Grantmaker Hingham, MA EIN: 32-0289471

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.

Key facts about West Point Class of 1998 Memorial Scholarship Fund Inc

EIN
32-0289471
Latest 990 filing
Form 990, 2024
Total assets
$1,641,983

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$1.6M

+23.2% YoY

Revenue

$319K

-26.2% YoY

Net Investment Income

$52K

+6094.6% YoY

Expenses

$409K

-31.9% YoY

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

Your AI grants department

Ready to take the next step with West Point Class of 1998 Memorial Scholarship Fund Inc?

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Flower Mound

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K0 grants2020 0 grants2021 0 grants2022 1 grant2023 0 grants2024

In 2023 it made 1 grant totaling $119K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

1 grant across all recorded years

<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 1 grant of 1 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$200K$400K$600K$800K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$1,641,983$1,332,742$1,395,835
Revenue$318,668$431,610$629,808
Expenses$408,738$599,923$402,669
Net Investment Income$51,787$836$185

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
  2. IRS filings on file for fiscal years 2020–2024

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.

Your AI grants department

Here's the math on researching West Point Class of 1998 Memorial Scholarship Fund Inc by hand.

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.

Philanthropy, Voluntarism & Grantmaking

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.

Philanthropy, Voluntarism & Grantmaking

Assets

$258.2M

Grants

658

Total Given

$38.2M

American Tower Corporation Foundation

Boston, MA

Philanthropy, Voluntarism & Grantmaking

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.

Education

Assets

$41.6M

Grants

520

Total Given

$5.1M

Berkshire Bank Foundation Inc

Pittsfield, MA

The foundation supports nonprofits working in small business, financial inclusion, housing, health and wellness, food insecurity, youth development, and arts and culture across Connecticut, Massachusetts, New York, Rhode Island, and Vermont. In 2024, grants ranged from $50 to $33,333, with a median of $2,500. It accepts written applications from eligible 501(c)(3) public charities and lists quarterly deadlines.

Assets

$17.1M

Grants

478

Total Given

$2.0M

Eastern Bank Foundation

Wakefield, MA

Eastern Bank Foundation supports economic inclusion and mobility, including small businesses, early childhood development, affordable housing, and workforce development. Its 2025 grants ranged from $50 to $2,002,500, with a median of $2,500, primarily in Massachusetts and also in New Hampshire and Rhode Island. It accepts online applications and does not limit giving to preselected organizations.

Assets

$266.7M

Grants

1,786

Total Given

$19.0M

Good Sports Inc

Braintree, MA

Good Sports provides free sports equipment, footwear, and apparel to established schools and community organizations running ongoing youth sports and physical-activity programs in high-need communities; it serves all 50 states and Puerto Rico. In 2025, grants ranged from $5,004 to $229,133, with a median of $12,781. Youth programs and schools can apply through its community-organization application process.

Assets

$13.8M

Grants

619

Total Given

$11.2M

Givinga Foundation Inc

Wellesley, MA

GIVINGA Foundation supports donor-directed giving through donor-advised funds, charitable campaigns, and approved fiscal-sponsorship projects, with past recipients spanning causes such as children’s health, global development, racial equity, animal welfare, and food access. Reported 2020 awards ranged from about $37,000 to $179,000, but filings list no grants for 2022–2024; it has no stated geographic focus. The profile does not say whether it accepts unsolicited grant requests.

Philanthropy, Voluntarism & Grantmaking

Assets

$2.9M

Grants

424

Total Given

$8.5M

Highland Street Connection

Newton, MA

Highland Street Foundation funds programs supporting children and families, including education, youth mentoring, housing, health care, the environment, and the arts, primarily in Massachusetts, with some support in California and elsewhere. Its 2024 grants ranged from $400 to $100,000, with a median of $5,000. It does not accept unsolicited requests; eligible organizations may submit a letter of inquiry after completing its online eligibility quiz.

Assets

$60.4M

Grants

410

Total Given

$4.4M

More Funders in Massachusetts

Cite this profile

Grantable. (2026). West Point Class of 1998 Memorial Scholarship Fund Inc funder profile. GrantGraph. Retrieved October 4, 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 2026-10-04. 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?

Want AI to do this for you?