MOREHEAD CITY, NC

Nancy D Russell Testamentary Trust

Also known as: C/O JANE A GORDONATTY

Quick Facts

EIN: 201117535
Location: MOREHEAD CITY, NC
Phone: (252) 222-0067
Category: Education
Total Assets: $279K
Annual Income: $45K
IRS Ruling Year: 2008
Organization Type: Non-Operating Foundation
Principal Officer: % L Patten Mason Atty
Tax Deductibility: Contributions are deductible

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About This Foundation

Nancy D Russell Testamentary Trust is a private trust based in MOREHEAD CITY, NC. The foundation received its IRS ruling in 2008. The principal officer is % L Patten Mason Atty. It holds total assets of $279K. Annual income is reported at $45K. GRANTING OF COLLEGE SCHOLARSHIPS. According to available records, Nancy D Russell Testamentary Trust has made 10 grants totaling $40K, with a median grant of $4K. Annual giving has grown from $16K in 2021 to $24K in 2022. The foundation has supported 5 unique organizations. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.

Application Information

Preselected OnlyThis foundation typically selects grantees rather than accepting unsolicited proposals.

Programs & Activities

GRANTING OF COLLEGE SCHOLARSHIPS

Frequently Asked Questions

What does Nancy D Russell Testamentary Trust fund?

GRANTING OF COLLEGE SCHOLARSHIPS. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in NC.

How much does Nancy D Russell Testamentary Trust give in grants?

Nancy D Russell Testamentary Trust has distributed a total of $40K across 10 grants. The median grant size is $4K, with an average of $4K. Individual grants have ranged from $4K to $4K.

How do I apply for a grant from Nancy D Russell Testamentary Trust?

Nancy D Russell Testamentary Trust typically selects its grantees rather than accepting unsolicited proposals.

Where is Nancy D Russell Testamentary Trust located?

Nancy D Russell Testamentary Trust is headquartered in MOREHEAD CITY, NC.

Key People & Compensation (2022)

Name	Title	Compensation	Benefits	Total
Elizabeth Russell Mason	TRUSTEE	$0	$0	$0

990 Tax Filings

Year	Return Type	PDF
2023	990PF	View
2022	990PF	View
2021	990PF	View
2020	990PF

Research This Foundation

GuideStar / Candid ProPublica Nonprofit Explorer IRS Tax Exempt Status

Financial Overview

Total Giving

$11K

2023-39%

Total Assets

$257K

2023+4%

Fair Market Value

$362K

2023

Net Worth

$257K

2023

Grants Paid

$8K

2023

Contributions

2023

Net Investment Income

$18K

2023

Distribution Amount

$16K

2023

Total Giving by Year

Asset Growth

Revenue Over Time

Liabilities Over Time

Investment Portfolio (2023)

Total: $0

Other Investments (98%)

Cash (2%)

Expense Breakdown (2023)

Revenue Sources (2023)

Capital Gains (Net): $16K
Dividends: $5K
Interest: $1

Financial Details (2023)

Total Revenue: $21K
Total Expenses: $11K
Exempt Purpose Expenses: $8K
Required Distribution: $16K
Undistributed Income: $15K
Total Liabilities: $1
Excise Tax: $256
Tax Due: $256

Foundation Classification (2023)

Operating FoundationNo

Grants to IndividualsYes

Non-Charity GrantsNo

Lobbying ActivityNo

Excess Business HoldingsNo

Grantmaking Insights

Total Grants

Total Giving

$40K

Average Grant

$4K

Median Grant

$4K

Unique Recipients

Most Common Grant

$4K

Grant Disbursements by Year

Grant Range

Min$4K

Max$4K

Smallest grantLargest grant

Openness to New Grantees (2022)

of 2022 grantees were first-time recipients

Grant Size Distribution

Geographic Distribution of Grants

NC$40K (10)

Past Grantees

Recipient	Location	Amount	Year
Blythe Morris Unc-WSCHOLARSHIP	Newport, NC	$4K	2022
Lexie GarnerSCHOLARSHIPSCHOLARSHIP	Morehead City, NC	$4K	2022
Jonathan Merrill Univ Of Mt OliveSCHOLARSHIPSCHOLARSHIPSCHOLARSHIPSCHOLARSHIPSCHOLARSHIP	Beaufort, NC	$4K	2022
Madison Clark EcuSCHOLARSHIPSCHOLARSHIP	Newport, NC	$4K	2021
Ezrie Pool Nc StateSCHOLARSHIPSCHOLARSHIP	Newport, NC	$4K	2021