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Also known as: SCHOLARSHIP FUND
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Marvin B Smith Jr Memorial Scholarships Trust is a private trust based in GREENSBORO, NC. The foundation received its IRS ruling in 1961. The principal officer is Trust Company Of The South. It holds total assets of $788K. Annual income is reported at $74K. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. According to available records, Marvin B Smith Jr Memorial Scholarships Trust has made 5 grants totaling $313K, with a median grant of $62K. Annual giving has grown from $62K in 2020 to $160K in 2022. Individual grants have ranged from $30K to $80K, with an average award of $63K. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Marvin B Smith Jr Memorial Scholarships Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in NC.
Marvin B Smith Jr Memorial Scholarships Trust has distributed a total of $313K across 5 grants. The median grant size is $62K, with an average of $63K. Individual grants have ranged from $30K to $80K.
Marvin B Smith Jr Memorial Scholarships Trust typically selects its grantees rather than accepting unsolicited proposals.
Marvin B Smith Jr Memorial Scholarships Trust is headquartered in GREENSBORO, NC.
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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
$79K
Total Assets
$793K
Fair Market Value
$1.5M
Net Worth
$793K
Grants Paid
$68K
Contributions
N/A
Net Investment Income
$52K
Distribution Amount
$72K
Total: $782K
Total Grants
5
Total Giving
$313K
Average Grant
$63K
Median Grant
$62K
Unique Recipients
1
Most Common Grant
$62K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Office Of Scholarships & Student AiSCHOLARSHIPS | Chapel Hill, NC | $80K | 2022 |