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Colonial Foundation Inc. is a private corporation based in SALISBURY, NC. The foundation received its IRS ruling in 1958. It holds total assets of $67K. Annual income is reported at $15K. The foundation is governed by 1 officer or trustee. Foundation supports charitable activities of rowan county and surrounding area. Tax records are available from 2016 to 2024. Grantmaking is concentrated in North Carolina. According to available records, Colonial Foundation Inc. has made 12 grants totaling $13K, with a median grant of $650. Annual giving has grown from $3K in 2020 to $7K in 2022. Individual grants have ranged from $300 to $3K, with an average award of $1K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$300
Median Grant
$500
Average Grant
$1K
Largest Grant
$3K
Based on 3 grants from the most recent 990-PF filing.
Foundation supports charitable activities of rowan county and surrounding area
Expenses: $3K
Foundation supports charitable activities of rowan county and surrounding area. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NC.
Colonial Foundation Inc. has distributed a total of $13K across 12 grants. The median grant size is $650, with an average of $1K. Individual grants have ranged from $300 to $3K.
The application deadline is END OF YEAR. No restrictions.
Colonial Foundation Inc. is headquartered in SALISBURY, NC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John Lipe | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$67K
Fair Market Value
N/A
Net Worth
$67K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
12
Total Giving
$13K
Average Grant
$1K
Median Grant
$650
Unique Recipients
3
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salisbury AcademyASSIST WITH OPERATING EXPENSES | Salisbury, NC | $2K | 2022 |
| Trininty Lutheran ChurchASSIST WITH OPERATING EXPENSES | Landis, NC | $800 | 2022 |
| Nazareth Childrens HomeASSIST WITH OPERATING EXPENSES | Rockwell, NC | $300 | 2022 |