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Also known as: TESTAMENTARY CHARITABLE TRUST
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Claude S Jr And Raenelle B Abernethy Test Charitable Trust is a private trust based in HICKORY, NC. The foundation received its IRS ruling in 2010. The principal officer is Martha A Sowers. It holds total assets of $3.2M. Annual income is reported at $1.2M. Total assets have decreased from $4.2M in 2011 to $3.3M in 2023. The foundation is governed by 3 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 2016 to 2023. Grantmaking is concentrated in North Carolina. According to available records, Claude S Jr And Raenelle B Abernethy Test Charitable Trust has made 67 grants totaling $883K, with a median grant of $6K. Annual giving has grown from $287K in 2021 to $597K in 2022. Individual grants have ranged from $200 to $67K, with an average award of $13K. The foundation has supported 27 unique organizations. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$8K
Average Grant
$12K
Largest Grant
$52K
Based on 21 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.
Claude S Jr And Raenelle B Abernethy Test Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 67 grants. Its grantmaking reaches organizations primarily in NC.
Claude S Jr And Raenelle B Abernethy Test Charitable Trust has distributed a total of $883K across 67 grants. The median grant size is $6K, with an average of $13K. Individual grants have ranged from $200 to $67K.
Claude S Jr And Raenelle B Abernethy Test Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Claude S Jr And Raenelle B Abernethy Test Charitable Trust is headquartered in HICKORY, NC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Claude S Abernethy Iii | TRUSTEE | $0 | $0 | N/A |
| Martha A Sowers | TRUSTEE | $0 | $0 | N/A |
| Anne A Wepner | TRUSTEE | $0 | $0 | N/A |
Total Giving
$366K
Total Assets
$3.3M
Fair Market Value
$5.4M
Net Worth
$3.3M
Grants Paid
$271K
Contributions
N/A
Net Investment Income
$180K
Distribution Amount
$249K
Total: N/A
Total Grants
67
Total Giving
$883K
Average Grant
$13K
Median Grant
$6K
Unique Recipients
27
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Neighbors NetworkPROGRAM SUPPORT | Conover, NC | $67K | 2022 |
| Corinth Reformed ChurchPROGRAM SUPPORT | Hickory, NC | $50K | 2022 |
| The Green RoomPROGRAM SUPPORT | Newton, NC | $30K | 2022 |
| LincPROGRAM SUPPORT | Newton, NC | $25K | 2022 |
| Classroom ConnectionsPROGRAM SUPPORT | Newton, NC | $21K | 2022 |
| John'S River Valley CampPROGRAM SUPPORT | Collettsville, NC | $15K | 2022 |
| Catawba CollegePROGRAM SUPPORT | Salisbury, NC | $14K | 2022 |
| Wake Forest UniversityPROGRAM SUPPORT | Winstonsalem, NC | $14K | 2022 |
| Hickory Museum Of ArtPROGRAM SUPPORT | Hickory, NC | $10K | 2022 |
| Catawba Valley Medical Center FdnPROGRAM SUPPORT | Hickory, NC | $10K | 2022 |
| Young LifePROGRAM SUPPORT | Hickory, NC | $6K | 2022 |
| My Father'S House MinistryPROGRAM SUPPORT | Newton, NC | $6K | 2022 |
| Pregnancy Care CenterPROGRAM SUPPORT | Hickory, NC | $5K | 2022 |
| Hickory Music FactoryPROGRAM SUPPORT | Hickory, NC | $5K | 2022 |
| Western Piedmont SymphonyPROGRAM SUPPORT | Hickory, NC | $5K | 2022 |
| Newton Depot AuthorityPROGRAM SUPPORT | Newton, NC | $4K | 2022 |
| Downtown Newton Development AssociaPROGRAM SUPPORT | Newton, NC | $3K | 2022 |
| Unique World GiftsPROGRAM SUPPORT | Hickory, NC | $3K | 2022 |
| Carolina Thread TrailPROGRAM SUPPORT | Charlotte, NC | $2K | 2022 |
| United Arts Council Of CatawbaPROGRAM SUPPORT | Hickory, NC | $2K | 2022 |
| Catawba Valley Habitat For HumanityPROGRAM SUPPORT | Hickory, NC | $1K | 2022 |
| Bsa Piedmont CouncilPROGRAM SUPPORT | Gastonia, NC | $1K | 2022 |
| Trinity ChurchPROGRAM SUPPORT | Hickory, NC | $15K | 2021 |