William & Margaret S Hamilton Scholarship Foundation Inc
William & Margaret S Hamilton Scholarship Foundation Inc is a private foundation focused on Education, based in Myrtle Beach, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $77K in total assets. In 2024, it awarded 6 grants totaling $2K. Net investment income was $5K.
Key facts about William & Margaret S Hamilton Scholarship Foundation Inc
In short: William & Margaret S Hamilton Scholarship Foundation Inc gave $2K across 6 grants in 2024 (avg $250), mostly in South Carolina. Source: 2024 IRS Form 990-PF.
- EIN
- 58-2334593
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,500
- Grants made (2024)
- 6
- Average grant
- $250
- Median grant
- $250
- Total assets
- $77,364
- Primary geography
- South Carolina (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$77K
-37.7% YoY
Annual Giving
$2K
-3.2% YoY
Grant Count
6
+0.0% YoY
Avg Grant Size
$250
-3.2% YoY
Under IRS private-foundation payout rules, William & Margaret S Hamilton Scholarship Foundation Inc reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
How William & Margaret S Hamilton Scholarship Foundation Inc gives
- Giving fell 32% from 2021 to 2024. Method
- In 2024 it paid out 94% 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
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2K (2024) to $4K (2020). In 2024 it made 6 grants totaling $2K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Livelystone Temple Ministries ($250). Together the top 5 received $1K.
Organizations only. It also paid 1 individual scholarship ($250), which are not listed by name.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 29 grants of 29 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Livelystone Temple Ministries Waltersboro, SC | Scholarship | $250 |
| Mt Calvary Baptist Church Little River, SC | Scholarship | $250 |
| Mt Olive Ame Church Myrtle Beach, SC | Scholarship | $250 |
| Sandy Grove Baptist Church Myrtle Beach, SC | Scholarship | $250 |
| 1 individual scholarship Recipients not named | — | $250 |
| Wesley Medthodist Church Walterboro, SC | Scholarship | $250 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $77,364 | $124,264 | $126,079 |
| Revenue | $10,631 | $3,793 | $4,842 |
| Expenses | $3,487 | $5,608 | $4,476 |
| Qualifying Distributions | $2,999 | $4,594 | $3,891 |
| Net Investment Income | $4,875 | — | $4,360 |
| Distributable Amount | $3,199 | $6,982 | $6,132 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
William & Margaret S Hamilton Scholarship Foundation Inc's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Cleveland B. Sanders
Director
On filings since 2020
5 hrs/week
$350 (2020) → $0 (2024)
Jimmy Watson
Director
On filings since 2020
1 hr/week
No compensation reported
Ruby Marshall
Director
On filings since 2020
1 hr/week
No compensation reported
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.
Compensation Overview
From 2020 IRS filing
The highest reported compensation on the 2020 filing was $350, to Cleveland B Sanders (Director).
Frequently asked questions about William & Margaret S Hamilton Scholarship Foundation Inc
How much does William & Margaret S Hamilton Scholarship Foundation Inc give each year?
William & Margaret S Hamilton Scholarship Foundation Inc gave $2K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2K across 6 grants.
What is William & Margaret S Hamilton Scholarship Foundation Inc's typical grant size?
William & Margaret S Hamilton Scholarship Foundation Inc's median grant in 2024 was $250, and its average grant was $250, across 6 grants on its 2024 IRS Form 990-PF.
Where does William & Margaret S Hamilton Scholarship Foundation Inc give grants?
William & Margaret S Hamilton Scholarship Foundation Inc gives mostly in South Carolina: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Myrtle Beach, SC (2 grants).
Does William & Margaret S Hamilton Scholarship Foundation Inc give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on William & Margaret S Hamilton Scholarship Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (6 grants).
Who are William & Margaret S Hamilton Scholarship Foundation Inc's largest grantees?
William & Margaret S Hamilton Scholarship Foundation Inc's largest 2024 grantees include Livelystone Temple Ministries ($250), Mt Calvary Baptist Church ($250) and Mt Olive Ame Church ($250), according to its 2024 IRS Form 990-PF. It also paid 1 individual scholarship ($250), which are not listed by name. Together they received 50% of its itemized 2024 grant dollars.
How large is William & Margaret S Hamilton Scholarship Foundation Inc?
William & Margaret S Hamilton Scholarship Foundation Inc reported $77K in total assets on its 2024 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $3K (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.
What is William & Margaret S Hamilton Scholarship Foundation Inc?
William & Margaret S Hamilton Scholarship Foundation Inc is a private foundation focused on Education, based in Myrtle Beach, SC. It holds $77K in total assets as of 2024.
What is William & Margaret S Hamilton Scholarship Foundation Inc's EIN?
William & Margaret S Hamilton Scholarship Foundation Inc's EIN (Employer Identification Number) is 58-2334593. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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