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John McKee Trust

Profile

Last Updated: 2016-10-21

At A Glance

John McKee Trust

(also known as Trust Under Will of John McKee)

P.O. Box 144

Merion Station, PA United States 19066

Telephone: (484) 323-1348

URL: www.mckeescholars.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2015-12-31)

Assets: $6,297,939

Total giving: $224,500

EIN

237675490

BRIDGE Number

6549431776

Background

Original trust established in 1902. Fully funded in 1952 - The trust was created under the will of Col. John McKee. Pursuant to his will, McKee (who died April 6, 1902) gave the residue of his estate for the erection of a college, with emphasis on nautical training. After years of litigation, it was determined that the estate, though significant, was inadequate to establish a nautical school in accordance with the terms of the will. In 1952, a Philadelphia court ruled that the estate should be used in a manner that most closely approximates the original intended charitable purposes, with income to be used for a scholarship fund.

Purpose and Activities

Scholarship awards for college or vocational training to high school seniors who are fatherless boys (either because the father is actually deceased or has been declared missing by a competent authority) and who are native to one of the five counties of Bucks, Chester, Delaware, Montgomery, or Philadelphia, Pennsylvania. These seniors may attend school anywhere in the United States, or abroad if part of a U.S.-based college degree program. Preference for those desirous of obtaining a naval education. No giving to attend graduate school.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Grants to Individuals Program

Scholarships for college or vocational training to high school seniors or graduates, not over age 19, who are fatherless boys, in need of financial assistance, native to the five counties of Bucks, Chester, Delaware, Montgomery or Philadelphia, PA.

Fields of Interest

Subjects
  • Education
  • Higher education
  • Undergraduate education
  • University education
  • Vocational education
  • Vocational post-secondary education
Population Groups
  • Academics
  • Adolescents
  • Children and youth

Financial Data

Year ended 2015-12-31

Assets: $6,297,939 (market value)

Gifts received: $7,500

Expenditures: $289,273

Total giving: $224,500

Qualifying distributions: $240,063