Massachusetts · Nonprofit
WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC
WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC (Massachusetts) receives grants from 5 organizations whose IRS filings report $133,124 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($77,000). 3 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $319k
- Funders on record
- 5
- Grants received
- $133k
- Net assets
- $1.6M
What West Point Class of 1998 Memorial Scholarship Fund Inc does
Mission
The 98 fund exists to serve and support graduates and graduate families of the united states military academy principally through educational scholarships, financial support, and mentorship of the spouses and children of our fallen graduates. The 98 fund owns and operates a summer camp compound in alaska to provide beneficial experiences for the families of our fallen graduates and fellowship opportunities for west point graduates.
As stated on its FY2024 Form 990.
Programs
Upgraded land for the 98 fund summer compound in alaska and invested material volunteer time in building new buildings and other critical infrastructure to support long-term use as a summer camp to support the families of our fallen graduates. Operated several week-long alaska summer camp experiences for the children and widows of west point graduates who were killed in combat or died otherwise.
$215,275 spent61% of program spendingDistributed capital to support educational (college) scholarships for the children of our west point classmates who were either killed in combat or died otherwise. To date, the fund has made fourteen 10,000 scholarship commitments that have been distributed to date or will be distributed over the next few years as the children reach college age.
$20,000 spentof which $20,000 as grants6% of program spendingDistributed capital to support the medical, living and travel expenses of living west point graduates in need as well as for the children and widows of west point graduates who were either killed in combat or died otherwise.
$116,195 spent33% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $351,470.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $973k to $1.4M (+44%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
84% of WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC’s revenue is contributions — more donation-reliant than the typical peer (57% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 5 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
John Serafini
Chairman & t
As listed on its FY2024 Form 990.
Who funds it, year by year
2020 → 2023: the base narrowed from 3 funders to 2 funders, grant income fell $21k → $12k.
5 of 5 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC leans on a few funders — its largest provides 58% of grant income and the top three 93%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC.
Largest funder’s share by year: 2020 50% · 2021 92% · 2022 77% · 2023 92% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.
Funder states come from each funder’s own filing. $133k arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC has grown faster than half of the 22,812 education nonprofits its size.
this organization peer median middle 50% of peers· 22,812 education nonprofits $100k–$1M, FY2024
Organizations like WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
86% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC?
- WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC (Massachusetts) receives grants from 5 organizations whose IRS filings report $133,124 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($77,000). 3 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC have?
- IRS filings report 5 organizations giving $133,124 in grants to WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC, 3 of which have funded it in more than one year.
- Who is the largest funder of WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $77,000 in grants. The full list of funders is on this page.
- How can an organization like WEST POINT CLASS OF 1998 MEMORIAL SCHOLARSHIP FUND INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing