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Challenge Fund is a private corporation based in CHAPEL HILL, NC. The foundation received its IRS ruling in 1964. The principal officer is % Piedmont Trust Co. It holds total assets of $4.2M. Annual income is reported at $370K. According to available records, Challenge Fund has made 58 grants totaling $1.1M, with a median grant of $12K. Annual giving has grown from $241K in 2020 to $579K in 2022. Individual grants have ranged from $2K to $160K, with an average award of $19K. The foundation has supported 28 unique organizations. The foundation primarily supports organizations in California, Virginia, North Carolina, which account for 76% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Challenge Fund is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 58 grants. Its grantmaking reaches organizations primarily in CA, VA, NC.
Challenge Fund has distributed a total of $1.1M across 58 grants. The median grant size is $12K, with an average of $19K. Individual grants have ranged from $2K to $160K.
Challenge Fund typically selects its grantees rather than accepting unsolicited proposals.
Challenge Fund is headquartered in CHAPEL HILL, NC. While based in NC, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| H Smith Richardson Iii | DIRECTOR | $7K | $0 | $7K |
| Cary R Paynter | DIRECTOR | $0 | $0 | $0 |
| Ann Page Richardson | DIRECTOR | $0 | $0 | $0 |
Total Giving
$294K
Total Assets
$4.2M
Fair Market Value
$5.4M
Net Worth
$4.2M
Grants Paid
$263K
Contributions
$0
Net Investment Income
$68K
Distribution Amount
$253K
Total: $4M
Total Grants
58
Total Giving
$1.1M
Average Grant
$19K
Median Grant
$12K
Unique Recipients
28
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Club NovaTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Carrboro, NC | $40K | 2022 |
| Rainforest TrustTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Vint Hill, VA | $35K | 2022 |
| Foodbank Of Santa Barbara CountyTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Santa Barbara, CA | $26K | 2022 |
| Direct ReliefTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Santa Barbara, CA | $26K | 2022 |
| Santa Barbara Museum Of ArtTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION |
Other foundations that have funded Challenge Fund.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Stanley L And Phyllis Berger Family Foundation | $8K | 2022 | CHARITABLE |
| Littler Mendelson Foundation Inc. | $4K | 2022 | GENERAL SUPPORT |
| Stanley L And Phyllis Berger Family Foundation | $12K | 2021 | CHARITABLE |
| Td Charitable Foundation | $5K | 2021 | HOMEBUYER EDUCATION AND FINANCIAL COUNSELING SERVICES |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| Santa Barbara, CA |
| $26K |
| 2022 |
| EarthjusticeTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | San Francisco, CA | $25K | 2022 |
| Conservation International FoundationTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Arlington, VA | $25K | 2022 |
| Equal Justice InitiativeTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Montgomery, AL | $22K | 2022 |
| Planned Parenthood Federation Of America IncTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | New York, NY | $20K | 2022 |
| Environmental Defense CenterTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Santa Barbara, CA | $10K | 2022 |
| Hope RenovationsTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Carrboro, NC | $10K | 2022 |
| Partners In HealthTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Frederick, MD | $10K | 2022 |
| The HavenTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Charlottesville, VA | $5K | 2022 |
| Charlottsville Community BikesTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Charlottesville, VA | $5K | 2022 |
| Food Bank Of Central & Eastern NcTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Raleigh, NC | $5K | 2022 |
| Southern Environmental Law CenterTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Chapel Hill, NC | $2K | 2022 |
| Brennan Center For JusticeTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | New York, NY | $20K | 2021 |
| Doctors Without BordersTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | New York, NY | $10K | 2021 |
| BronxworksTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Bronx, NY | $10K | 2021 |
| Bennett'S Village IncTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Charlottesville, VA | $5K | 2021 |
| Charlottesville Free ClinicTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Charlottesville, VA | $5K | 2021 |
| Diaper Bank Of North CarolinaTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Durham, NC | $2K | 2021 |
| International Rescue CommitteeTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | New York, NY | $14K | 2020 |
| City Parks FoundationTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | New York, NY | $10K | 2020 |
| Families Moving ForwardTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Durham, NC | $4K | 2020 |
| Compass Center For Women & FamiliesTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Chapel Hill, NC | $4K | 2020 |
| Fearrington Cares IncTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Pittsboro, NC | $2K | 2020 |
| A Lotta LoveTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Chapel Hill, NC | $2K | 2020 |
| Stanley L And Phyllis Berger Family Foundation |
| $10K |
| 2020 |
| CHARITABLE |
| Td Charitable Foundation | $5K | 2020 | HOMEBUYER EDUCATION AND FINANCIAL COUNSELING SERVICES PROGRAM |
| Nancy And Paul Ross Foundation Inc. | $500 | 2020 | TO FURTHER RECIPIENTS PUBLICLY STATED OBJECTIVES |
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