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Alton E & Thelma Mccartney Scholarship Trust is a private trust based in NEWPORT, AR. The foundation received its IRS ruling in 1996. The principal officer is % Merchants & Planters Bk Of Nwport. It holds total assets of $3.1M. Annual income is reported at $183K. COLLEGE SCHOLARSHIPS- 110 INDIVIDUALS (LISTING OF COLLEGES ATTACHED). According to available records, Alton E & Thelma Mccartney Scholarship Trust has made 20 grants totaling $1.4M, with a median grant of $19K. The foundation has distributed between $263K and $562K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $562K distributed across 8 grants. Individual grants have ranged from $1K to $233K, with an average award of $68K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in Arkansas. Contributions to this foundation are tax-deductible.
COLLEGE SCHOLARSHIPS- 149 INDIVIDUALS (LISTING OF COLLEGES ATTACHED)
Expenses: $233K
LOCAL CHURCHES- 2 CHURCHES
Expenses: $2K
NORTHEAST ARKANSAS HIGHER EDUCATION CHARITABLE FOUNDATION, INC.
Expenses: $35K
COLLEGE SCHOLARSHIPS- 110 INDIVIDUALS (LISTING OF COLLEGES ATTACHED). Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in AR.
Alton E & Thelma Mccartney Scholarship Trust has distributed a total of $1.4M across 20 grants. The median grant size is $19K, with an average of $68K. Individual grants have ranged from $1K to $233K.
Alton E & Thelma Mccartney Scholarship Trust typically selects its grantees rather than accepting unsolicited proposals.
Alton E & Thelma Mccartney Scholarship Trust is headquartered in NEWPORT, AR.
Total Giving
$360K
Total Assets
$3.2M
Fair Market Value
$5.2M
Net Worth
$3.2M
Grants Paid
$270K
Contributions
$0
Net Investment Income
$150K
Distribution Amount
$256K
Total: $2.8M
Total Grants
20
Total Giving
$1.4M
Average Grant
$68K
Median Grant
$19K
Unique Recipients
5
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First United Methodist ChurchRELIGIOUS CAUSE | Newport, AR | $1K | 2023 |
| See Attached ListingSEE LISTING | Various, AR | $233K | 2023 |
| Northeast Arkansas Charitable Foundation IncEDUCATIONAL CHARITY | Newport, AR | $35K | 2023 |
| Holden Avenue Church Of ChristRELIGIOUS CAUSE | Newport, AR | $1K | 2023 |
| Northeast Arkansas Higher Education Charitable Foundation IncEDUCATIONAL CHARITY | Newport, AR |
SELMA, NC
SMITH CENTER, KS
DICKSON, TN
MEDICINE LDG, KS
MOUNTAIN HOME, AR
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| $92K |
| 2020 |
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