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John M Belk Endowment is a private corporation based in CHARLOTTE, NC. The foundation received its IRS ruling in 1996. It holds total assets of $379M. Annual income is reported at $115.3M. During 2021, the John M. Belk Endowment joined other organizations in leading the "NC Reconnect" effort focused on engaging adults in North Carolina who have not completed a post-secondary credential and connecting them to educational pathways at their local community college that lead to improved career opportunities. In addition to making grants to the community colleges in the first cohort, the Endowment paid for communications and marketing services essential to the initiative's success. According to available records, John M Belk Endowment has made 105 grants totaling $64.3M, with a median grant of $300K. The foundation has distributed between $14.7M and $17M annually from 2020 to 2023. Grantmaking activity was highest in 2021 with $17M distributed across 31 grants. Individual grants have ranged from $2K to $4.5M, with an average award of $613K. The foundation has supported 65 unique organizations. The foundation primarily supports organizations in North Carolina, Oregon, Massachusetts, which account for 97% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
During 2020, the John M. Belk Endowment served as fiscal sponsor for myFutureNC, Inc. as it transitioned from a statewide commission to an independent public charity.
Expenses: $1M
During 2021, the John M. Belk Endowment joined other organizations in leading the "NC Reconnect" effort focused on engaging adults in North Carolina who have not completed a post-secondary credential and connecting them to educational pathways at their local community college that lead to improved career opportunities. In addition to making grants to the community colleges in the first cohort, the Endowment paid for communications and marketing services essential to the initiative's success. Based on available records, the foundation has funded 105 grants. Its grantmaking reaches organizations primarily in NC, OR, MA.
John M Belk Endowment has distributed a total of $64.3M across 105 grants. The median grant size is $300K, with an average of $613K. Individual grants have ranged from $2K to $4.5M.
John M Belk Endowment typically selects its grantees rather than accepting unsolicited proposals.
John M Belk Endowment is headquartered in CHARLOTTE, NC. While based in NC, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| J Keith Benedict | Board Member | $341K | $0 | $341K |
| Virginia M Esposito | Board Member | $0 | $0 | $0 |
Total Giving
$23.4M
Total Assets
$362.4M
Fair Market Value
$395.1M
Net Worth
$362.4M
Grants Paid
$14.7M
Contributions
$0
Net Investment Income
$1.7M
Distribution Amount
$19.5M
Total: $128.6M
Total Grants
105
Total Giving
$64.3M
Average Grant
$613K
Median Grant
$300K
Unique Recipients
65
Most Common Grant
$75K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Foundation For The CarolinasGeneral Operating Support | Charlottel, NC | $4.5M | 2023 |
| College Advising CorpsGeneral Operating Support | Chapel Hill, NC | $2.5M | 2023 |
| Hunt InstituteGeneral Operating Support | Cary, NC | $1.5M | 2023 |
| MyfuturencGeneral Operating Support | Raleigh, NC | $1.3M | 2023 |
| EdncGeneral Operating Support | Raleigh, NC | $1.1M | 2023 |
Other foundations that have funded John M Belk Endowment.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Gates Foundation | $243K | 2020 | POSTSECONDARY EDUCATION |
PINEHURST, NC
YOUNGSVILLE, NC
TARBORO, NC
CHEROKEE, OK
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2015 | 990PF | View |
| InsidetrackSupport for NC Reconnect | Portland, OR | $680K | 2023 |
| Year UpGeneral Operating Support | Boston, MA | $500K | 2023 |
| LatinxedGeneral Operating Support | Siler City, NC | $500K | 2023 |
| Novant Health FoundationBridges to Healthcare Pipeline and Recruitment Program | Charlotte, NC | $460K | 2023 |
| Land Of Sky Regional CouncilGeneral Operating Support | Asheville, NC | $326K | 2023 |
| Institute For Emerging IssuesGeneral Operating Support | Raleigh, NC | $250K | 2023 |
| Public School Forum Of North CarolinaGeneral Operating Support | Raleigh, NC | $100K | 2023 |
| National College Advising CorpGeneral Operating Support | Raleigh, NC | $100K | 2023 |
| Brunswick Community CollegeSupport for NC Reconnect | Supply, NC | $75K | 2023 |
| Edgecombe Community CollegeSupport for NC Reconnect | Tarboro, NC | $75K | 2023 |
| Catawba Valley Community CollegeSupport for NC Reconnect | Hickory, NC | $75K | 2023 |
| College Of The AlbemarleSupport for NC Reconnect | Elizabeth City, NC | $75K | 2023 |
| Davidson-Davie Community CollegeSupport for NC Reconnect | Lexington, NC | $75K | 2023 |
| Charlotte-Mecklenburg SchoolsGeneral Operating Support | Charlotte, NC | $35K | 2023 |
| Winston-Salemforsyth County SchoolsFAFSA Strong Initiative | Winstonsalem, NC | $30K | 2023 |
| Union County Public SchoolsFAFSA Strong Initiative | Monroe, NC | $30K | 2023 |
| Guilford County SchoolsFAFSA Strong Initiative | Greensboro, NC | $30K | 2023 |
| Iredell-Statesville SchoolsFAFSA Strong Initiative | Statesville, NC | $30K | 2023 |
| Julius L Chambers High SchoolGeneral Operating Support | Charlotte, NC | $3K | 2023 |
| West Mecklenburg High SchoolGeneral Operating Support | Charlotte Nc, NC | $2K | 2023 |
| National College Advising CorpsGeneral Operating Support | Raleigh, NC | $2.1M | 2022 |
| North Carolina State UniversityBELK Center | Raleigh, NC | $1.8M | 2022 |
| James B Hunt Jr Institute For EducationSupporting Policy Condition in NC | Cary, NC | $1.5M | 2022 |
| Myfuturenc IncSupport for Strategic Initiatives | Raleigh, NC | $1.3M | 2022 |
| Education NcGeneral Operating Support | Raleigh, NC | $1.1M | 2022 |
| University Of North Carolina- Chapel HillSupport for NC Education Futures | Chapel Hill, NC | $758K | 2022 |
| North Carolina State University Foundation IncNCSU Belk Center Planning Grant | Raleigh, NC | $750K | 2022 |
| Inside Track IncSupport for NC RECONNECT effort | Portland, OR | $708K | 2022 |
| Novant Health Presbyterian Medical Center FoundationSupport for Bridges to Healthcare | Winston Salem, NC | $460K | 2022 |
| Nc Community Colleges FoundationGeneral Operating Support | Raleigh, NC | $400K | 2022 |
| North Carolina State University - Institute For Emerging IssuesGeneral Operating Support | Raleigh, NC | $250K | 2022 |
| National Center For Family PhilanthropyGeneral Operating Support | Washington, DC | $150K | 2022 |
| Forsyth Technical Community CollegeGeneral Operating Support | Winstonsalem, NC | $75K | 2022 |
| Lenoir Community CollegeSupport for NC Reconnect | Kinston, NC | $75K | 2022 |
| Central Carolina Community College FoundationGeneral Operating Support | Sanford, NC | $75K | 2022 |
| Wilkes Community College Foundation IncMini-grant to Wilkes C Foundation | Wilkesboro, NC | $75K | 2022 |
| The Foundation Of Caldwell Community College And Technical InstituteGeneral Operating Support | Lenoir, NC | $75K | 2022 |
| Board Of Control For Southern Regional EducationGrant to Southern Regional Education Board | Atlanta, GA | $50K | 2022 |
| Education Commission Of The StatesSupport for data quality | Denver, CO | $30K | 2022 |
| Central Piedmont Community College Services CorporationEconomic Impact Study and Program-Specific Impact Study | Charlotte, NC | $783K | 2021 |
| The University Of North Carolina System OfficeUNC System Student Success Equity Fellows | Chapel Hill, NC | $600K | 2021 |
| Catawba Valley Community College Foundation IncStartup Your Ecosystem Pilot | Hickory, NC | $500K | 2021 |
| Center For Racial Equity In EducationGeneral Operating Support for CREED | Charlotte, NC | $500K | 2021 |
| University Of North Carolina- CharlotteUnderstanding Experiences of Vertical Transfer Students in NC | Charlotte, NC | $457K | 2021 |
| Wake Technical Community CollegeFinish First NC Extension Project | Raleigh, NC | $134K | 2021 |
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