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William Mcgrath Scholarship Trust is a private corporation based in RIDGELAND, SC. The foundation received its IRS ruling in 2006. The principal officer is Alisa Theurer. It holds total assets of $942K. Annual income is reported at $193K. The foundation is governed by 5 officers and trustees. The foundation will, in accordance with its charitable purpose, make up to $45,000 in distributrions for scholarships of not more than $5,000 per recipient to graduating seniors from the Florence Township High School each year. Distributions to members of the classes of 2019 - 2022 have recognized as program expenses for 2022. Tax records are available from 2016 to 2023. Grantmaking is concentrated in New Jersey. According to available records, William Mcgrath Scholarship Trust has made 37 grants totaling $160K, with a median grant of $5K. Annual giving has grown from $40K in 2020 to $75K in 2022. Individual grants have ranged from $3K to $5K, with an average award of $4K. The foundation has supported 17 unique organizations. Grant recipients are concentrated in New Jersey. Contributions to this foundation are tax-deductible.
William Mcgrath Scholarship Trust reported 37 individual grants totaling $160,000 between 2020 and 2022 across its IRS Form 990-PF filings, with a median grant of $5,000. Half of those grants fell between $2,500 and $5,000. Its most recent available filing, for fiscal year 2023, reports $49,704 in total giving.
Grantmaking is concentrated in NJ, which received 37 of the 37 grants on record (100 percent). Of its 17 distinct grantees, 76 percent received funding more than once, so repeat relationships are the norm rather than the exception.
Computed from 37 individual grant records (2020–2022) in this foundation's IRS Form 990-PF Part XV filings. Source: IRS 990-PF.
Smallest Grant
$3K
Median Grant
$5K
Average Grant
$4K
Largest Grant
$5K
Based on 9 grants from the most recent 990-PF filing.
The foundation will, in accordance with its charitable purpose, make up to $45,000 in distributrions for scholarships of not more than $5,000 per recipient to graduating seniors from the Florence Township High School each year. Distributions to members of the classes of 2019 - 2022 have recognized as program expenses for 2022.
Expenses: $38K
Scholarships to be awarded to two members of the class of 2023 will be payable within one year.
The foundation will, in accordance with its charitable purpose, make up to $45,000 in distributrions for scholarships of not more than $5,000 per recipient to graduating seniors from the Florence Township High School each year. Distributions to members of the classes of 2019 - 2022 have recognized as program expenses for 2022. Based on available records, the foundation has funded 37 grants. Its grantmaking reaches organizations primarily in NJ.
William Mcgrath Scholarship Trust has distributed a total of $160K across 37 grants. The median grant size is $5K, with an average of $4K. Individual grants have ranged from $3K to $5K.
The application deadline is May 1 each year. Must attend NJ college or University full-time.
William Mcgrath Scholarship Trust is headquartered in RIDGELAND, SC.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Louis Borbi | Trustee | $0 | $0 | N/A |
| Carol Borbi | Trustee | $0 | $0 | N/A |
| Kathleen Lengel | Trustee | $0 | $0 | N/A |
| Donald Porter | Trustee | $0 | $0 | N/A |
| Marge Lukens | Trustee | $0 | $0 | N/A |
Total Giving
$50K
Total Assets
$754K
Fair Market Value
$754K
Net Worth
$714K
Grants Paid
$45K
Contributions
N/A
Net Investment Income
$17K
Distribution Amount
$53K
Total Grants
37
Total Giving
$160K
Average Grant
$4K
Median Grant
$5K
Unique Recipients
17
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Jajuan HayesScholarship | Florence, NJ | $5K | 2022 |
| Elizabeth ReyesScholarship | Roebling, NJ | $5K | 2022 |
| David BuddleScholarship | Florence, NJ | $5K | 2022 |
| Jeffrey TraynorScholarship | Florence, NJ | $5K | 2022 |
| Myara GomezScholarship | Roebling, NJ | $5K | 2022 |
| Michael DunphyScholarship | Roebling, NJ | $5K | 2022 |
| Zachary JonesScholarship | Florence, NJ | $3K | 2022 |
| Mariah PielachaScholarship | Florence, NJ | $3K | 2022 |
| James CarnivalScholarship | Roebling, NJ | $3K | 2022 |
| Ryan KramerScholarship | Bordentown, NJ | $5K | 2021 |
| Sarah SardoniScholarship | Florence, NJ | $5K | 2021 |
| David BuddieScholarship | Florence, NJ | $5K | 2021 |
| Allison KucScholarship | Roebling, NJ | $5K | 2021 |
| Aaron TaylorScholarship | Florence, NJ | $5K | 2021 |
| Zacary JonesScholarship | Florence, NJ | $3K | 2021 |
| Taylor DembowskiScholarship | Florence, NJ | $5K | 2020 |
| Payne WalachyScholarship | Roebling, NJ | $3K | 2020 |