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Millrace Foundation Trust is a private trust based in RADNOR, PA. The foundation received its IRS ruling in 2009. The principal officer is Seymour Preston Iii. It holds total assets of $1.2M. Annual income is reported at $333K. Total assets have grown from $334K in 2011 to $1.3M in 2023. The foundation is governed by 8 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. 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 Pennsylvania. According to available records, Millrace Foundation Trust has made 20 grants totaling $199K, with a median grant of $11K. Individual grants have ranged from $6K to $11K, with an average award of $10K. The foundation has supported 10 unique organizations. Grant recipients are concentrated in Pennsylvania. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$10K
Average Grant
$29K
Largest Grant
$125K
Based on 6 grants from the most recent 990-PF filing.
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.
Millrace Foundation Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in PA.
Millrace Foundation Trust has distributed a total of $199K across 20 grants. The median grant size is $11K, with an average of $10K. Individual grants have ranged from $6K to $11K.
Millrace Foundation Trust typically selects its grantees rather than accepting unsolicited proposals.
Millrace Foundation Trust is headquartered in RADNOR, PA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John P Kelly | CO-TRUSTEE | $0 | $0 | N/A |
| Shelley S Preston | CO-TRUSTEE | $0 | $0 | N/A |
| Alicia P Miller | CO-TRUSTEE | $0 | $0 | N/A |
| Katherine E Preston | CO-TRUSTEE | $0 | $0 | N/A |
| Michael C Miller | CO-TRUSTEE | $0 | $0 | N/A |
| Courtney P Crosby | CO-TRUSTEE | $0 | $0 | N/A |
| Jean E H Preston | CO-TRUSTEE | $0 | $0 | N/A |
| John C Crosby Jr | CO-TRUSTEE | $0 | $0 | N/A |
Total Giving
$124K
Total Assets
$1.3M
Fair Market Value
$1.9M
Net Worth
$1.3M
Grants Paid
$100K
Contributions
N/A
Net Investment Income
$49K
Distribution Amount
$94K
Total Grants
20
Total Giving
$199K
Average Grant
$10K
Median Grant
$11K
Unique Recipients
10
Most Common Grant
$11K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Urban Tree ConnectionGENERAL OPERATING SUPPORT | Philadelphia, PA | $11K | 2022 |
| The City SchoolACADEMIC SUPPORT PROGRAM | Philadelphia, PA | $11K | 2022 |
| West Philadelphia Alliance For ChildrenGENERAL OPERATING SUPPORT | Philadelphia, PA | $11K | 2022 |
| Safe Harbor Of Chester CountyGENERAL OPERATING SUPPORT | West Chester, PA | $11K | 2022 |
| The Academy Of Natural Sciences Of Drexel UniversityGENERAL OPERATING SUPPORT | Philadelphia, PA | $11K | 2022 |
| Maternal And Child Health ConsortiumGENERAL OPERATING SUPPORT | West Chester, PA | $11K | 2022 |
| The Simple WayGENERAL OPERATING SUPPORT | Philadelphia, PA | $11K | 2022 |
| Community Volunteers In MedicineGENERAL OPERATING SUPPORT | West Chester, PA | $11K | 2022 |
| Chester County Fund For Women & GirlsGENERAL OPERATING SUPPORT | West Chester, PA | $10K | 2022 |
| Historic Fairhill IncGENERAL OPERATING SUPPORT | Philadelphia, PA | $6K | 2022 |
WEST CONSHOHOCKEN, PA
LIGONIER, PA
PITTSBURGH, PA