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Evernham Family-Racing For A Reason Foundation is a private corporation based in MOORESVILLE, NC. The foundation received its IRS ruling in 1997. The principal officer is Raymond D Evernham Jr. It holds total assets of $2M. Annual income is reported at $1.1M. Total assets have grown from $2K in 2011 to $2.1M in 2023. The foundation is governed by 7 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 2017 to 2023. The foundation primarily funds organizations in North Carolina and Florida. According to available records, Evernham Family-Racing For A Reason Foundation has made 92 grants totaling $1.8M, with a median grant of $2K. Annual giving has grown from $410K in 2020 to $1.1M in 2022. Individual grants have ranged from N/A to $407K, with an average award of $19K. The foundation has supported 50 unique organizations. The foundation primarily supports organizations in North Carolina, Florida, Indiana, which account for 73% of all grants. Grantmaking reaches organizations across 15 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$600
Average Grant
$19K
Largest Grant
$350K
Based on 22 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.
Evernham Family-Racing For A Reason Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 92 grants. Its grantmaking reaches organizations primarily in NC, FL, IN.
Evernham Family-Racing For A Reason Foundation has distributed a total of $1.8M across 92 grants. The median grant size is $2K, with an average of $19K. Individual grants have ranged from N/A to $407K.
Evernham Family-Racing For A Reason Foundation typically selects its grantees rather than accepting unsolicited proposals.
Evernham Family-Racing For A Reason Foundation is headquartered in MOORESVILLE, NC. While based in NC, the foundation distributes grants to organizations across 15 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Emory Det Cullum | Director | $3K | $0 | $3K |
| Erin C Evernham | Director | $0 | $0 | N/A |
| Robert P Mack | Director | $0 | $0 | N/A |
| Raymond D Evernham Jr | President | $0 | $0 | N/A |
| William Evernham Sr | Director | $0 | $0 | N/A |
| Raymond J Evernham | Director | $0 | $0 | N/A |
| Richard D Russell | Director | $0 | $0 | N/A |
Total Giving
$883K
Total Assets
$2.1M
Fair Market Value
$2.4M
Net Worth
$2.1M
Grants Paid
$787K
Contributions
$381K
Net Investment Income
$77K
Distribution Amount
$120K
Total: $1.8M
Total Grants
92
Total Giving
$1.8M
Average Grant
$19K
Median Grant
$2K
Unique Recipients
50
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| The Autism Society Of NcContribution | Raleigh, NC | $407K | 2022 |
| Martin Truex Jr FoundationContribution | Mooresville, NC | $38K | 2022 |
| Speedway Children'S CharitiesContribution | Concord, NC | $29K | 2022 |
| Novant Health FoundationContribution | Charlotte, NC | $25K | 2022 |
| Jimmie Johnson FoundationContribution | Charlotte, NC | $11K | 2022 |
| The Nascar FoundationContribution | Daytona Beach, FL | $10K | 2022 |
| Jeff Gordon Children'S FoundationContribution | Charlotte, NC | $5K | 2022 |
| Spina Bifida Of JacksonvilleContribution | Jacksonville, FL | $3K | 2022 |
| Nascar Hall Of Fame FoundationContribution | Charlotte, NC | $3K | 2022 |
| Indianapolis Motor Speedway MuseumContribution | Indianapolis, IN | $3K | 2022 |
| Kyle Petty Charity Ride IncContribution | Charlotte, NC | $3K | 2022 |
| Michael P Stefanik Charitable FoundContribution | Coventry, RI | $3K | 2022 |
| National Sprint Car Hall Of Fame MuContribution | Knoxville, IA | $3K | 2022 |
| Sierra DeltaContribution | Madison, WI | $2K | 2022 |
| The Dale Jr FoundationContribution | Mooresville, NC | $2K | 2022 |
| Motor Racing OutreachContribution | Concord, NC | $2K | 2022 |
| Master'S MenContribution | Dallas, TX | $2K | 2022 |
| Motorsports Hall Of Fame Of AmericaContribution | Daytona Beach, FL | $1K | 2022 |
| Unbroken WarriorsContribution | Holmdel, NJ | $1K | 2022 |
| Rescue RanchContribution | Statesville, NC | $1K | 2022 |
| Victory JunctionContribution | Randleman, NC | $500 | 2022 |
| First Presbyterian Church Of CharloContribution | Charlotte, NC | $250 | 2022 |
| Hollydell IncContribution | Sewell, NJ | $100 | 2022 |
| Wilkes Rescue SquadContribution | North Wilkesboro, NC | $100 | 2022 |