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Coffey Foundation Inc. is a private corporation based in LENOIR, NC. The foundation received its IRS ruling in 1957. It holds total assets of $8M. Annual income is reported at $3.4M. The foundation is governed by 9 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in North Carolina. According to available records, Coffey Foundation Inc. has made 261 grants totaling $1.6M, with a median grant of $6K. Annual giving has grown from $368K in 2020 to $860K in 2022. Individual grants have ranged from $228 to $26K, with an average award of $6K. The foundation has supported 112 unique organizations. The foundation primarily supports organizations in North Carolina, South Carolina, New York, which account for 98% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$6K
Largest Grant
$26K
Based on 71 grants from the most recent 990-PF filing.
Scholarships- see attached schedule of recipients
Expenses: $226K
Charitable contributions- see attached schedule of recipients
Expenses: $153K
Coffey Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 261 grants. Its grantmaking reaches organizations primarily in NC, SC, NY.
Coffey Foundation Inc. has distributed a total of $1.6M across 261 grants. The median grant size is $6K, with an average of $6K. Individual grants have ranged from $228 to $26K.
Coffey Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals. The application deadline is APRIL 15. The awards are intended to assist qualified students who are residents of caldwell county, nc. The awards will be made only for attendance at an accredited college or university of the applicant's choice provided it is a member of the southern association of colleges and secondary schools or the equivalent. The purpose of this requirement is to select students who wish to attend, and are capable of attending, bona fide accredited colleges and universities. The coffey foundation awards are scholarships and loans to pay for directly related educational expenses of attending such colleges and universities. It is the intention of the foundation that these awards will be made in an amount to pay tuition and other direct educational expenses necessary for a student to complete his four years of college education. However, each award is subject to an annual review by the selection committee.
Coffey Foundation Inc. is headquartered in LENOIR, NC. While based in NC, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jennie Goodman Deal | TRUSTEE | $1K | $0 | $1K |
| Lauren Brooks Clark | TRUSTEE | $1K | $0 | $1K |
| Deborah Ashley Smith | TRUSTEE | $300 | $0 | $300 |
| Betty Lou Miller | TRUSTEE | $200 | $0 | $200 |
| Elizabeth Shull Fox | TRUSTEE | $200 | $0 | $200 |
| Ld Hines | TRUSTEE | $0 | $0 | N/A |
| Bruce Vanderbloemen | TRUSTEE | $0 | $0 | N/A |
| Rahn Chase | TRUSTEE | $0 | $0 | N/A |
| Robert O Floyd Jr | TRUSTEE | $0 | $0 | N/A |
Total Giving
$498K
Total Assets
$7.8M
Fair Market Value
$8.1M
Net Worth
$7.8M
Grants Paid
$400K
Contributions
N/A
Net Investment Income
$315K
Distribution Amount
$393K
Total: N/A
Total Grants
261
Total Giving
$1.6M
Average Grant
$6K
Median Grant
$6K
Unique Recipients
112
Most Common Grant
$8K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Caldwell County YokefellowTHE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS | Lenoir, NC | $26K | 2022 |
| Foundation Of Caldwell Community CollegeTHE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS | Lenoir, NC | $25K | 2022 |
| Caldwell County Habitat For HumanityTHE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS | Lenoir, NC | $20K | 2022 |
| Helping Hands ClinicTHE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS | Lenoir, NC | $13K | 2022 |
| Caldwell County Yokefellow - Leo'S PlaceTHE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS | Lenoir, NC | $13K | 2022 |
| South Caldwell Christian MinistriesTHE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS | Granite Falls, NC | $13K | 2022 |
| Communities In SchoolsTHE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS | Lenoir, NC | $12K | 2022 |
| Lenoir Soup KitchenTHE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS | Lenoir, NC | $11K | 2022 |
| Appalachian State University - Paul Jacob NorwoodCOLLEGE SCHOLARSHIPS | Lenoir, NC | $8K | 2022 |
| Unc Chapel Hill - Natalie Lauren ClarkCOLLEGE SCHOLARSHIPS | Lenoir, NC | $8K | 2022 |
| Unc Chapel Hill - Sydney Taylor PropstCOLLEGE SCHOLARSHIPS | Granite Falls, NC | $8K | 2022 |
| Wake Forest University - Savannah Mackenzie LongoCOLLEGE SCHOLARSHIPS | Connelly Springs, NC | $8K | 2022 |
| Unc Chapel Hill - Haylea Alexis LedbetterCOLLEGE SCHOLARSHIPS | Hudson, NC | $8K | 2022 |
| Appalachian State University - Matthew Christopher GroganCOLLEGE SCHOLARSHIPS | Hudson, NC | $8K | 2022 |
| Baldwin Wallace University - Lillia Jewel ChapmanCOLLEGE SCHOLARSHIPS | Granite Falls, NC | $8K | 2022 |
| Embry Riddle Aeronautical University - Katherine Elizabeth ClarkCOLLEGE SCHOLARSHIPS | Lenoir, NC | $8K | 2022 |
| Unc Chapel Hill - Justin Riley SmithCOLLEGE SCHOLARSHIPS | Lenoir, NC | $8K | 2022 |
| Appalachian State University - James Owen IngramCOLLEGE SCHOLARSHIPS | Granite Falls, NC | $8K | 2022 |
| Unc Wilmington - Mary Catherine FordCOLLEGE SCHOLARSHIPS | Lenoir, NC | $8K | 2022 |
| Unc Chapel Hill - Rachel KripnerCOLLEGE SCHOLARSHIPS | Lenoir, NC | $8K | 2022 |
| Unc Chapel Hill - Addyson Paige ThomasCOLLEGE SCHOLARSHIPS | Lenoir, NC | $8K | 2022 |
| Appalachian State University - Alyssa Danielle McmastersCOLLEGE SCHOLARSHIPS | Lenoir, NC | $8K | 2022 |
| Unc Charlotte - Jordan Dalton BowmanCOLLEGE SCHOLARSHIPS | Lenoir, NC | $8K | 2022 |
| Unc Chapel Hill - Quinten Walker CurtisCOLLEGE SCHOLARSHIPS | Granite Falls, NC | $8K | 2022 |
| Unc Chapel Hill - Kathryn Diane WhisnantCOLLEGE SCHOLARSHIPS | Lenoir, NC | $8K | 2022 |