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West Point Class of 1998 Memorial Scholarship Fund Inc

EIN 32-0289471 · Hingham, MA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood70 out of 100GovernanceFair59 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$318,668
Spending
$408,738
Spent on programs
86%
Reserves
15.6 months of spending
Largest source of income
donations and private grants, 84%
Employees
0
Volunteers
25

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 70 out of 100. Higher than 38% of charities in its peer group (education, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 15.6 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 28% of income.

  • Income trend

    0 of 15

    Income fell 26% on the year before.

  • Spending floor

    15 of 15

    86% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 59 out of 100. Higher than 32% of charities in its peer group (education, $250k to $1m).

  • Independent board

    25 of 25

    16 of 16 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $215,275 spent. 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.
  2. $20,000 spent. DISTRIBUTED 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.
  3. $116,195 spent. DISTRIBUTED 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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 2010.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.