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Also known as: FOUNDATION INC
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Dr Michael F And Sophia M Yarborough Foundation Inc. is a private corporation based in RALEIGH, NC. The foundation received its IRS ruling in 2007. The principal officer is Dr Michael F Yarborough. It holds total assets of $654K. Annual income is reported at $209K. Total assets have grown from $203K in 2011 to $648K 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. The foundation primarily funds organizations in North Carolina and Minnesota. According to available records, Dr Michael F And Sophia M Yarborough Foundation Inc. has made 26 grants totaling $459K, with a median grant of $10K. Annual giving has grown from $95K in 2021 to $158K in 2023. Grantmaking activity was highest in 2022 with $207K distributed across 14 grants. Individual grants have ranged from $1K to $80K, with an average award of $18K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in North Carolina and Minnesota and Colorado. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$10K
Average Grant
$18K
Largest Grant
$50K
Based on 5 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.
Dr Michael F And Sophia M Yarborough Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 26 grants. Its grantmaking reaches organizations primarily in NC, MN, CO.
Dr Michael F And Sophia M Yarborough Foundation Inc. has distributed a total of $459K across 26 grants. The median grant size is $10K, with an average of $18K. Individual grants have ranged from $1K to $80K.
Dr Michael F And Sophia M Yarborough Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Dr Michael F And Sophia M Yarborough Foundation Inc. is headquartered in RALEIGH, NC. While based in NC, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sophia M Yarborough | VICE PRESIDENT/SECY/TREASU | $0 | $0 | N/A |
| Ben M Yarborough | BOARD MEMBER | $0 | $0 | N/A |
| Dr Michael F Yarborough | CHAIRMAN/PRESIDENT | $0 | $0 | N/A |
Total Giving
$174K
Total Assets
$648K
Fair Market Value
$1.1M
Net Worth
$648K
Grants Paid
$158K
Contributions
N/A
Net Investment Income
$67K
Distribution Amount
$50K
Total: $625K
Total Grants
26
Total Giving
$459K
Average Grant
$18K
Median Grant
$10K
Unique Recipients
8
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| First Presbyterian ChurchCONTINUED FINANCIAL SUPPORT | Raleigh, NC | $10K | 2023 |
| The Hill CenterCONTINUED FINANCIAL SUPPORT | Durham, NC | $80K | 2023 |
| Mayo Clinic FoundationCONTINUED FINANCIAL SUPPORT | Rochester, MN | $50K | 2023 |
| Davidson CollegeFINANCIAL SUPPORT | Davidson, NC | $10K | 2023 |
| Telluride Medical Cnter FoundationFINANCIAL SUPPORT | Telluride, CO | $5K | 2023 |
| Food Bank Of Eastern NcFINANCIAL SUPPORT | Raleigh, NC | $3K | 2023 |
| Meredith CollegeFINANCIAL SUPPORT | Raleigh, NC | $10K | 2022 |
| Community Music SchoolFINANCIAL SUPPORT | Raleigh, NC | $1K | 2022 |