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Also known as: C/O BANK OF CHARLES TOWNCO-TRUSTEE
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Robert W Mccormick Scholarship Fund Trust is a private trust based in CHARLES TOWN, WV. The foundation received its IRS ruling in 1996. The principal officer is Bank Of Charles Town Co Ttee. It holds total assets of $1.9M. Annual income is reported at $163K. Total assets have decreased from $3.7M in 2011 to $1.9M in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of education. Tax records are available from 2017 to 2024. Grantmaking is concentrated in West Virginia. According to available records, Robert W Mccormick Scholarship Fund Trust has made 132 grants totaling $683K, with a median grant of $3K. Annual giving has decreased from $379K in 2021 to $303K in 2023. Individual grants have ranged from $225 to $16K, with an average award of $5K. The foundation has supported 28 unique organizations. Grant recipients are concentrated in West Virginia. Contributions to this foundation are tax-deductible.
Smallest Grant
$462
Median Grant
$5K
Average Grant
$6K
Largest Grant
$16K
Based on 69 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.
Robert W Mccormick Scholarship Fund Trust primarily funds organizations in the area of education. Based on available records, the foundation has funded 132 grants. Its grantmaking reaches organizations primarily in WV.
Robert W Mccormick Scholarship Fund Trust has distributed a total of $683K across 132 grants. The median grant size is $3K, with an average of $5K. Individual grants have ranged from $225 to $16K.
The application deadline is FEBRUARY 20.. The robert w. Mccormick scholarships are awarded to students graduating from a public high school located in jefferson county, west virginia. Awards are based on grades, financial need, and good citizenship/community service. Applicants must graduate from high school with a "b" average. Recipients must attend a west virginia public college or university and be enrolled on a full time basis. Recipients must maintain a "b" average each year while attending the college or university. Children of the co-trustees, meaning children of the directors, president, or vice presidents of the bank of charles town and children of principals in the law firm of f. Samuel byrere, are not eligible for the scholarship.
Robert W Mccormick Scholarship Fund Trust is headquartered in CHARLES TOWN, WV.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| F Samuel Byrer | CO-TRUSTEE | $14K | $0 | $14K |
Total Giving
$173K
Total Assets
$1.9M
Fair Market Value
$2.4M
Net Worth
$1.9M
Grants Paid
$134K
Contributions
N/A
Net Investment Income
$70K
Distribution Amount
$117K
Total: $352K
Total Grants
132
Total Giving
$683K
Average Grant
$5K
Median Grant
$3K
Unique Recipients
28
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Robinson Marcia KROOM AND BOARD | Charles Town, WV | $13K | 2023 |
| Long Brian EROOM AND BOARD | Charles Town, WV | $13K | 2023 |
| Vella Kayla GROOM AND BOARD | Charles Town, WV | $13K | 2023 |
| Cronin Olivia SROOM AND BOARD | Gerrardstown, WV | $12K | 2023 |
| Gardner Blake MROOM AND BOARD | Kearneysville, WV | $12K | 2023 |
| Fraley Hannah EROOM AND BOARD | Kearneysville, WV | $12K | 2023 |
| Henshaw Madison RROOM AND BOARD | Kearneysville, WV | $9K | 2023 |
| Price Claire CROOM AND BOARD | Hedgesville, WV | $9K | 2023 |
| Hargis Cassie MTUITION AND FEES | Harpers Ferry, WV | $5K | 2023 |
| Rodriguez GabrielaBOOKS AND SUPPLIES | Ranson, WV | $1K | 2023 |
| Walls Diamond CBOOKS AND SUPPLIES | Ranson, WV | $1K | 2023 |