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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. Total assets have grown from $1.9M in 2011 to $3.2M in 2023. College scholarships- 110 individuals (listing of colleges attached). According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Arkansas. 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.
Smallest Grant
$2K
Median Grant
$47K
Average Grant
$66K
Largest Grant
$166K
Based on 4 grants from the most recent 990-PF filing.
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.
Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
$360K
Total Assets
$3.2M
Fair Market Value
$5.2M
Net Worth
$3.2M
Grants Paid
$270K
Contributions
N/A
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 | $92K | 2020 |