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Barnes Family Foundation is a private corporation based in DURHAM, NC. The foundation received its IRS ruling in 2014. The principal officer is Marvin L Barnes. It holds total assets of $20.4M. Annual income is reported at $13.3M. Total assets have grown from $1.3M in 2013 to $19.1M in 2023. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. According to available records, Barnes Family Foundation has made 108 grants totaling $2.6M, with a median grant of $10K. Annual giving has grown from $588K in 2020 to $1M in 2023. Grantmaking activity was highest in 2022 with $1M distributed across 42 grants. Individual grants have ranged from $250 to $255K, with an average award of $24K. The foundation has supported 72 unique organizations. The foundation primarily supports organizations in North Carolina, District of Columbia, Virginia, which account for 89% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$10K
Average Grant
$18K
Largest Grant
$100K
Based on 32 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.
Barnes Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 108 grants. Its grantmaking reaches organizations primarily in NC, DC, VA.
Barnes Family Foundation has distributed a total of $2.6M across 108 grants. The median grant size is $10K, with an average of $24K. Individual grants have ranged from $250 to $255K.
Barnes Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Barnes Family Foundation is headquartered in DURHAM, NC. While based in NC, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Marvin L Barnes | PRESIDENT/TREASURER | $0 | $0 | N/A |
| Marvin L Barnes Jr | VICE PRESIDENT/ SECRETARY | $0 | $0 | N/A |
| Michael L Barnes | TRUSTEE | $0 | $0 | N/A |
| Marvin L Barnes Iii | TRUSTEE | $0 | $0 | N/A |
| Matthew A Barnes | TRUSTEE | $0 | $0 | N/A |
Total Giving
$1.1M
Total Assets
$19.1M
Fair Market Value
$25.2M
Net Worth
$19.1M
Grants Paid
$1M
Contributions
$1.4M
Net Investment Income
$363K
Distribution Amount
$1.1M
Total Grants
108
Total Giving
$2.6M
Average Grant
$24K
Median Grant
$10K
Unique Recipients
72
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Boys & Girls ClubGENERAL PURPOSE SUPPORT | Durham, NC | $5K | 2023 |
| Nc Museum Of Life & ScienceGENERAL PURPOSE SUPPORT | Durham, NC | $255K | 2023 |
| Nc School Of Science & MathGENERAL PURPOSE SUPPORT | Durham, NC | $250K | 2023 |
| American Council Of Trustees & AlumniGENERAL PURPOSE SUPPORT | Washington, DC | $147K | 2023 |
| Durham AcademyGENERAL PURPOSE SUPPORT | Durham, NC | $40K | 2023 |
| Brian Piccolo Cancer Research FundGENERAL PURPOSE SUPPORT | Chicago, IL | $27K | 2023 |
| Mystic Seaport MuseumGENERAL PURPOSE SUPPORT | Mystic, CT | $25K | 2023 |
| Carteret Community College FoundationGENERAL PURPOSE SUPPORT | Morehead City, NC | $25K | 2023 |
| Nc Wesleyan CollegeGENERAL PURPOSE SUPPORT | Rocky Mount, NC | $25K | 2023 |
| The Broad Street ClinicGENERAL PURPOSE SUPPORT | Morehead City, NC | $25K | 2023 |
| The Martin CenterGENERAL PURPOSE SUPPORT | Mobile, AL | $25K | 2023 |
| Durham Center For Senior LifeGENERAL PURPOSE SUPPORT | Durham, NC | $15K | 2023 |
| Ncsu FoundationGENERAL PURPOSE SUPPORT | Raleigh, NC | $15K | 2023 |
| Durham Lions ClubGENERAL PURPOSE SUPPORT | Durham, NC | $15K | 2023 |
| Triangle Volunteer NowGENERAL PURPOSE SUPPORT | Durham, NC | $10K | 2023 |
| Christopher Reeve FoundationGENERAL PURPOSE SUPPORT | Short Hills, NJ | $10K | 2023 |
| Durham Rescue MissionGENERAL PURPOSE SUPPORT | Durham, NC | $10K | 2023 |
| Beaufort Historical Association FoundationGENERAL PURPOSE SUPPORT | Beaufort, SC | $10K | 2023 |
| Western Carolina University FoundationGENERAL PURPOSE SUPPORT | Cullowkee, NC | $10K | 2023 |
| Family Promise Of Carteret CountyGENERAL PURPOSE SUPPORT | Morehead City, NC | $10K | 2023 |
| Carteret County Friends Of The LibraryGENERAL PURPOSE SUPPORT | Beaufort, NC | $10K | 2023 |
| Threshold IncGENERAL PURPOSE SUPPORT | Durham, NC | $5K | 2023 |
| Durham Nativity SchoolGENERAL PURPOSE SUPPORT | Durham, NC | $5K | 2023 |
| Durham Literacy CenterGENERAL PURPOSE SUPPORT | Durham, NC | $5K | 2023 |
| Ronald Mcdonald HouseGENERAL PURPOSE SUPPORT | Durham, NC | $5K | 2023 |
| Senior PharmacistGENERAL PURPOSE SUPPORT | Durham, NC | $5K | 2023 |
| The Salvation ArmyGENERAL PURPOSE SUPPORT | Durham, NC | $5K | 2023 |
| First Presbyterian Church HendersonGENERAL PURPOSE SUPPORT | Henderson, NC | $5K | 2023 |
| Caring House IncGENERAL PURPOSE SUPPORT | Durham, NC | $5K | 2023 |
| Dunn Police Athletic And Activ LeagueGENERAL PURPOSE SUPPORT | Dunn, NC | $3K | 2023 |
| Preservation DurhamGENERAL PURPOSE SUPPORT | Durham, NC | $1K | 2023 |
| Hayes Barton Baptist ChurchGENERAL PURPOSE SUPPORT | Raleigh, NC | $1K | 2023 |
| Carol Petrea Youth Golf FoundationGENERAL PURPOSE SUPPORT | Shallotte, NC | $1K | 2023 |
| Deltas Of Charlotte FoundationGENERAL PURPOSE SUPPORT | Charlotte, NC | $250 | 2023 |
| Hargrave Military AcademyGENERAL PURPOSE SUPPORT | Chatham, VA | $100K | 2022 |
| The North Carolina Aquarium SocietyGENERAL PURPOSE SUPPORT | Raleigh, NC | $50K | 2022 |
| Methodist Home For ChildrenGENERAL PURPOSE SUPPORT | Raleigh, NC | $25K | 2022 |
| American Excellence FoundationGENERAL PURPOSE SUPPORT | Mcclean, VA | $25K | 2022 |
| James G Martin Center For Academic RewardGENERAL PURPOSE SUPPORT | Raleigh, NC | $25K | 2022 |
| Jamestown Yorktown FoundationGENERAL PURPOSE SUPPORT | Williamsburg, VA | $25K | 2022 |
| The Arc Of Nc-Wilmington BranchGENERAL PURPOSE SUPPORT | Wilmington, NC | $25K | 2022 |
| First North CarolinaGENERAL PURPOSE SUPPORT | Greensboro, NC | $25K | 2022 |
| Exchange Club Child Abuse Prevention CenterGENERAL PURPOSE SUPPORT | Durham, NC | $25K | 2022 |
| Samaritan Health CenterGENERAL PURPOSE SUPPORT | Durham, NC | $25K | 2022 |