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Foundation 2540 Inc. is a private corporation based in SALISBURY, NC. The foundation received its IRS ruling in 2023. The principal officer is Pd Weaver. It holds total assets of $156K. Annual income is reported at $238K. Total assets have grown from $12K in 2022 to $46K in 2023. The foundation is governed by 5 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 2022 to 2023. According to available records, Foundation 2540 Inc. has made 6 grants totaling $345K, with a median grant of $18K. Individual grants have ranged from $5K to $250K, with an average award of $58K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Pennsylvania and North Carolina and Texas. Contributions to this foundation are tax-deductible.
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.
Foundation 2540 Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in PA, NC, TX.
Foundation 2540 Inc. has distributed a total of $345K across 6 grants. The median grant size is $18K, with an average of $58K. Individual grants have ranged from $5K to $250K.
Foundation 2540 Inc. typically selects its grantees rather than accepting unsolicited proposals.
Foundation 2540 Inc. is headquartered in SALISBURY, NC. While based in NC, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Paul D Weaver | TREASURER | $0 | $0 | N/A |
| Matthew Peachey | VICE CHAIRMA | $0 | $0 | N/A |
| David Weaver | CHAIRMAN | $0 | $0 | N/A |
| Bobby Eaton | BOARD MEMBER | $0 | $0 | N/A |
| Justus Eaton | SECRETARY | $0 | $0 | N/A |
Total Giving
$128K
Total Assets
$46K
Fair Market Value
$46K
Net Worth
$46K
Grants Paid
$125K
Contributions
$161K
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
6
Total Giving
$345K
Average Grant
$58K
Median Grant
$18K
Unique Recipients
6
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| ChazakPROVIDE SUPPORT | Gap, PA | $250K | 2022 |
| Pregnancy Resource CenterPROVIDE SUPPORT | Statesville, NC | $45K | 2022 |
| I58PROVIDE SUPPORT | Lancaster, PA | $25K | 2022 |
| Ananias HousePROVIDE SUPPORT | Houston, TX | $10K | 2022 |
| Strait Paths FoundationPROVIDE SUPPORT | Ronks, PA | $10K | 2022 |
| 2222 FoundationPROVIDE SUPPORT | Grandview, TX | $5K | 2022 |