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Gravely Foundation Inc. is a private corporation based in ROCKY MOUNT, NC. The foundation received its IRS ruling in 1949. It holds total assets of $888K. Annual income is reported at $507K. Total assets have grown from $586K in 2011 to $824K in 2023. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in North Carolina. According to available records, Gravely Foundation Inc. has made 12 grants totaling $121K, with a median grant of $8K. Annual giving has grown from $31K in 2020 to $60K in 2022. Individual grants have ranged from $8K to $16K, with an average award of $10K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$8K
Median Grant
$8K
Average Grant
$10K
Largest Grant
$16K
Based on 3 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.
Gravely Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NC.
Gravely Foundation Inc. has distributed a total of $121K across 12 grants. The median grant size is $8K, with an average of $10K. Individual grants have ranged from $8K to $16K.
Gravely Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Gravely Foundation Inc. is headquartered in ROCKY MOUNT, NC.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| J Winston Lea | TRUSTEE | $0 | $0 | N/A |
| John W Lea Jr | TRUSTEE | $0 | $0 | N/A |
| Jow Gravely Iv | TRUSTEE | $0 | $0 | N/A |
Total Giving
$43K
Total Assets
$824K
Fair Market Value
$993K
Net Worth
$824K
Grants Paid
$31K
Contributions
N/A
Net Investment Income
$44K
Distribution Amount
$46K
Total: $818K
Total Grants
12
Total Giving
$121K
Average Grant
$10K
Median Grant
$8K
Unique Recipients
4
Most Common Grant
$8K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Nc Wesleyan CollegeEDUCATIONAL | Rocky Mount, NC | $15K | 2022 |
| Nash Community CollegeEDUCATIONAL | Rocky Mount, NC | $8K | 2022 |
| Edgecombe Community ColleEDUCATIONAL | Rocky Mount, NC | $8K | 2022 |
| Edgecombe Community CollegeEDUCATIONAL | Rocky Mount, NC | $8K | 2020 |