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Fa Korschun Foundation Inc. 1025005564-328900800 is a private corporation based in GOLDSBORO, NC. The foundation received its IRS ruling in 2000. The principal officer is Wachovia Bank Na Ttee. It holds total assets of $757K. Annual income is reported at $260K. Total assets have grown from $612K in 2010 to $757K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in North Carolina and South Carolina. According to available records, Fa Korschun Foundation Inc. 1025005564-328900800 has made 37 grants totaling $200K, with a median grant of $5K. Annual giving has grown from $47K in 2020 to $106K in 2022. Individual grants have ranged from $3K to $8K, with an average award of $5K. The foundation has supported 11 unique organizations. Grants have been distributed to organizations in North Carolina and South Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$7K
Average Grant
$6K
Largest Grant
$8K
Based on 8 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.
Fa Korschun Foundation Inc. 1025005564-328900800 primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 37 grants. Its grantmaking reaches organizations primarily in NC, SC.
Fa Korschun Foundation Inc. 1025005564-328900800 has distributed a total of $200K across 37 grants. The median grant size is $5K, with an average of $5K. Individual grants have ranged from $3K to $8K.
The application deadline is November 1. Organizations dedicated to providing educational, healthcare, and fundamental human needs support.
Fa Korschun Foundation Inc. 1025005564-328900800 is headquartered in GOLDSBORO, NC. While based in NC, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| S Blair Korschun | Chairman | $0 | $0 | N/A |
| Suzanne Hamilton | Secretary | $0 | $0 | N/A |
Total Giving
$47K
Total Assets
$757K
Fair Market Value
$925K
Net Worth
$757K
Grants Paid
$45K
Contributions
N/A
Net Investment Income
$99K
Distribution Amount
N/A
Total: $658K
Total Grants
37
Total Giving
$200K
Average Grant
$5K
Median Grant
$5K
Unique Recipients
11
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Boys And Girls Club Of Wayne CountyProvide healthy lifestyle, academic sucess, good character, and citizenship for children of Wayne County | Goldsboro, NC | $8K | 2022 |
| Home Health Hospice IncProvide funds for hospice operation. | Goldsboro, NC | $6K | 2022 |
| WatchProvide primary health care for uninsured residents of Wayne County. | Goldsboro, NC | $6K | 2022 |
| Commmunity Soup Kitchen Of GoldsborProvide nutritional meals for Wayne County residents who are in need. | Goldsboro, NC | $5K | 2022 |
| University Of Mount OliveProvide funds for higher educational purposes | Mt Olive, NC | $5K | 2022 |
| Wayne Community CollegeProvide funds for higher educational purposes | Goldsboro, NC | $5K | 2022 |
| Kiwanis Club Of GoldsboroAssist children in life skills | Goldsboro, NC | $5K | 2022 |
| Friends Of The Cliffs Of The NeuseProvide education for future farmers. | Seven Springs, NC | $5K | 2022 |
| Shriners Hospital For ChildrenProvide funds for Shriners Childrens Hospitals and Burn Centers. | Greenville, SC | $5K | 2022 |
| 4 H Club Of Goldsboroto assist future farmers. | Goldsboro, NC | $3K | 2022 |
| Wayne County 4 H ClubAssist children in life skills | Goldsboro, NC | $4K | 2021 |