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Bill & Peggy Britt Foundation Inc. is a private corporation based in CHAPEL HILL, NC. The foundation received its IRS ruling in 2022. It holds total assets of $279K. Annual income is reported at $3M. THE FOUNDATION WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES WITH IN THE MEANING OF INTERNAL REVENUE CODE SECTION 501(C)(3), INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER THE CODE 501(C)(3). IT WILL OPERATE AS A PRIVATE NON-OPERATING FOUNDATION THAT AWARDS GRANTS AS DEFINED IN TREAS. REG. SECTION 53.4945-4(A)(2) TO OTHER CHARITABLE ORGANIZATIONS RECOGNIZED AS EXEMPT FROM TAXATION UNDER CODE SECTION 501(C)(3), AND MORE SPECIFICALLY, TO SUCH ORGANIZATIONS WITH INNOVATIVE IDEAS FOR ACHIEVING THEIR EXEMPT PURPOSES. ALL GRANTS THAT WILL BE AWARDED WILL FURTHER THE FOUNDATION'S EXEMPT PURPOSE AS A CHARITABLE GRANT-MAKING ORGANIZATION. According to available records, Bill & Peggy Britt Foundation Inc. has made 7 grants totaling $5M, with a median grant of $1M. Individual grants have ranged from $200K to $1M, with an average award of $714K. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in North Carolina and Tennessee and Florida. Contributions to this foundation are tax-deductible.
THE FOUNDATION WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES WITH IN THE MEANING OF INTERNAL REVENUE CODE SECTION 501(C)(3), INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER THE CODE 501(C)(3). IT WILL OPERATE AS A PRIVATE NON-OPERATING FOUNDATION THAT AWARDS GRANTS AS DEFINED IN TREAS. REG. SECTION 53.4945-4(A)(2) TO OTHER CHARITABLE ORGANIZATIONS RECOGNIZED AS EXEMPT FROM TAXATION UNDER CODE SECTION 501(C)(3), AND MORE SPECIFICALLY, TO SUCH ORGANIZATIONS WITH INNOVATIVE IDEAS FOR ACHIEVING THEIR EXEMPT PURPOSES. ALL GRANTS THAT WILL BE AWARDED WILL FURTHER THE FOUNDATION'S EXEMPT PURPOSE AS A CHARITABLE GRANT-MAKING ORGANIZATION.
THE FOUNDATION WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES WITH IN THE MEANING OF INTERNAL REVENUE CODE SECTION 501(C)(3), INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER THE CODE 501(C)(3). IT WILL OPERATE AS A PRIVATE NON-OPERATING FOUNDATION THAT AWARDS GRANTS AS DEFINED IN TREAS. REG. SECTION 53.4945-4(A)(2) TO OTHER CHARITABLE ORGANIZATIONS RECOGNIZED AS EXEMPT FROM TAXATION UNDER CODE SECTION 501(C)(3), AND MORE SPECIFICALLY, TO SUCH ORGANIZATIONS WITH INNOVATIVE IDEAS FOR ACHIEVING THEIR EXEMPT PURPOSES. ALL GRANTS THAT WILL BE AWARDED WILL FURTHER THE FOUNDATION'S EXEMPT PURPOSE AS A CHARITABLE GRANT-MAKING ORGANIZATION. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in NC, TN, FL.
Bill & Peggy Britt Foundation Inc. has distributed a total of $5M across 7 grants. The median grant size is $1M, with an average of $714K. Individual grants have ranged from $200K to $1M.
Bill & Peggy Britt Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Bill & Peggy Britt Foundation Inc. is headquartered in CHAPEL HILL, NC. While based in NC, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| G Bryant Garner | President | $0 | $0 | $0 |
| Jean E Britt | Secretary | $0 | $0 | $0 |
| J William Blue Jr | Vice President | $0 | $0 | $0 |
Total Giving
$2M
Total Assets
$272K
Fair Market Value
$271K
Net Worth
$272K
Grants Paid
$2M
Contributions
$2M
Net Investment Income
$10K
Distribution Amount
$0
Total Grants
7
Total Giving
$5M
Average Grant
$714K
Median Grant
$1M
Unique Recipients
7
Most Common Grant
$1M
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Jude Children'S Research HospitaFAMILY GRANT, FINANCIAL AID | Memphis, TN | $1M | 2022 |
| Hayes Barton Baptist ChurchFAMILY GRANT, FINANCIAL AID | Raleigh, NC | $1M | 2022 |
| Samaritan'S PurseFAMILY GRANT, FINANCIAL AID | Boone, NC | $1M | 2022 |
| William Peace UniversityFAMILY GRANT, FINANCIAL AID | Raleigh, NC | $1M | 2022 |
| Jacksonville Humane SocietyFAMILY GRANT, FINANCIAL AID | Jacksonville, FL | $400K | 2022 |
BROOKLYN, NY
GRAND ISLAND, NE
FALLS CHURCH, VA
CLEARWATER, FL
| Spca Of Wake CountyFAMILY GRANT, FINANCIAL AID | Raleigh, NC | $400K | 2022 |
| Paws4everFAMILY GRANT, FINANCIAL AID | Mebane, NC | $200K | 2022 |
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