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Also known as: (FORMERLY SALEM RURITAN FOUNDATION)
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Salem Educational Foundation Inc. is a private corporation based in CULPEPER, VA. The foundation received its IRS ruling in 1999. The principal officer is Shelly Naccarato. It holds total assets of $520K. Annual income is reported at $93K. Total assets have grown from $300K in 2015 to $462K in 2023. The foundation is governed by 10 officers and trustees. The foundation operates in the area of education. Tax records are available from 2020 to 2023. Grantmaking is concentrated in Virginia. According to available records, Salem Educational Foundation Inc. has made 36 grants totaling $80K, with a median grant of $2K. Annual giving has decreased from $45K in 2022 to $35K in 2023. Individual grants have ranged from $500 to $5K, with an average award of $2K. The foundation has supported 25 unique organizations. Grant recipients are concentrated in Virginia. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$2K
Average Grant
$2K
Largest Grant
$4K
Based on 11 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.
Salem Educational Foundation Inc. primarily funds organizations in the area of education. Based on available records, the foundation has funded 36 grants. Its grantmaking reaches organizations primarily in VA.
Salem Educational Foundation Inc. has distributed a total of $80K across 36 grants. The median grant size is $2K, with an average of $2K. Individual grants have ranged from $500 to $5K.
The application deadline is MUST BE SUBMITTED BY MARCH 26. Certain scholarships are applicable to a specified field of study (music, education. Etc).
Salem Educational Foundation Inc. is headquartered in CULPEPER, VA.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert Thornhill | DIRECTOR | $0 | $0 | N/A |
| Shelly Naccarato | TREASURER | $0 | $0 | N/A |
| Nancy Sink | DIRECTOR | $0 | $0 | N/A |
| Candice Southard | DIRECTOR | $0 | $0 | N/A |
| Cathy Stephenson | PRESIDENT/SECRETARY | $0 | $0 | N/A |
| Patrick Kennedy | DIRECTOR | $0 | $0 | N/A |
| Sanford Reaves | VICE PRESIDENT | $0 | $0 | N/A |
| Nancy Neff | DIRECTOR | $0 | $0 | N/A |
| Kelly Brown Estes | DIRECTOR | $0 | $0 | N/A |
| Stephen P Will | DIRECTOR | $0 | $0 | N/A |
Total Giving
$35K
Total Assets
$462K
Fair Market Value
$597K
Net Worth
$462K
Grants Paid
$35K
Contributions
N/A
Net Investment Income
$36K
Distribution Amount
$27K
Total: N/A
Total Grants
36
Total Giving
$80K
Average Grant
$2K
Median Grant
$2K
Unique Recipients
25
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Francesca Corrales - James MadisonSCHOLARSHIP | Culpeper, VA | $5K | 2023 |
| Esther Smith - Liberty UniversitySCHOLARSHIP | Culpeper, VA | $5K | 2023 |
| Natalie Castro-Martinez - VirginiaSCHOLARSHIP | Culpeper, VA | $5K | 2023 |
| Marissa Bartley - James Madison UniSCHOLARSHIP | Culpeper, VA | $4K | 2023 |
| Destiny Washington - James MadisonSCHOLARSHIP | Culpeper, VA | $2K | 2023 |
| Emma Comer - George Mason UniversitSCHOLARSHIP | Reva, VA | $2K | 2023 |
| Lauren Houck - Longwood UniversitySCHOLARSHIP | Culpeper, VA | $2K | 2023 |
| Sarah Shrader - Virginia Tech UniveSCHOLARSHIP | Culpeper, VA | $2K | 2023 |
| Elle Castro - James Madison UniversSCHOLARSHIP | Culpeper, VA | $2K | 2023 |
| Valerie Alvarado-Alas - James MadisSCHOLARSHIP | Culpeper, VA | $2K | 2023 |
| Hunter Lutz - University Of VirginiSCHOLARSHIP | Culpeper, VA | $2K | 2023 |
| Vallola Abbott - Teacher Of The YeaTEACHER OF THE YEAR AWARD | Culpeper, VA | $1K | 2023 |
| Timothy Stockdale- Teacher Of The YTEACHER OF YEAR AWARD | Washington, VA | $500 | 2023 |
| Melissa Jenkins-Teacher Of The YearTEACHER OF YEAR AWARD | Washington, VA | $500 | 2023 |
| Michelle Balderrama-Harvard UniversSCHOLARSHIP | Culpeper, VA | $4K | 2022 |
| Mirandah Jenkins-Virginia Weslyan USCHOLARSHIP | Washington, VA | $3K | 2022 |
| Mia Hutchinson-Indiana University OSCHOLARSHIP | Culpeper, VA | $2K | 2022 |
| Hannah Werth-Iona CollegeSCHOLARSHIP | Rapidan, VA | $2K | 2022 |
| Aubrey Alexander-University Of VirgSCHOLARSHIP | Culpeper, VA | $2K | 2022 |
| Marcus Luckinbill-Us Naval AcademySCHOLARSHIP | Culpeper, VA | $2K | 2022 |
| Alyssa Keller-James Madison UniversSCHOLARSHIP | Culpeper, VA | $2K | 2022 |
| Shannon Fowler-Shenandoah UniversitSCHOLARSHIP | Culpeper, VA | $2K | 2022 |
| Natalie Castro-Martinez-Virginia TeSCHOLARSHIP | Culpeper, VA | $2K | 2022 |
| Molly Baird-Teacher Of Year CulpepeTEACHER OF YEAR AWARD | Culpeper, VA | $1K | 2022 |
| Michele Fincham-Teacher Of Year RapTEACHER OF YEAR AWARD | Washington, VA | $1K | 2022 |