//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
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. The foundation is governed by 3 officers and trustees. GDPR privacy policy Trustees Cancer in Developing Countries Programmes Cancer Registration in Africa afcrn. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. The foundation primarily funds organizations in North Carolina and New York. 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.
Smallest Grant
$2K
Median Grant
$10K
Average Grant
$22K
Largest Grant
$160K
Based on 11 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.
GDPR privacy policy Trustees Cancer in Developing Countries Programmes Cancer Registration in Africa afcrn. 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 | N/A |
| Ann Page Richardson | DIRECTOR | $0 | $0 | N/A |
Total Giving
$294K
Total Assets
$4.2M
Fair Market Value
$5.4M
Net Worth
$4.2M
Grants Paid
$263K
Contributions
N/A
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 |
| Direct ReliefTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Santa Barbara, CA | $26K | 2022 |
| Foodbank Of Santa Barbara CountyTO 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 | Santa Barbara, CA | $26K | 2022 |
| Conservation International FoundationTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Arlington, VA | $25K | 2022 |
| EarthjusticeTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | San Francisco, CA | $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 |
| Partners In HealthTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Frederick, MD | $10K | 2022 |
| Hope RenovationsTO CARRY OUT THE GENERAL TAX EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | Carrboro, NC | $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 |