CHARLOTTE, NC
John M Belk Endowment
Quick Facts
- EIN
- 561954114
- Location
- CHARLOTTE, NC
- Category
- Philanthropy & Grantmaking
- Total Assets
- $379M
- Annual Income
- $115.3M
- IRS Ruling Year
- 1996
- Organization Type
- Corporation
- Tax Deductibility
- Contributions are deductible
About This Foundation
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. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$23.4M
2023-6%
Total Assets
$362.4M
2023-5%
Fair Market Value
$395.1M
2023
Net Worth
$362.4M
2023
Grants Paid
$14.7M
2023
Contributions
$0
2023
Net Investment Income
$1.7M
2023
Distribution Amount
$19.5M
2023
Total Giving by Year
$1.4M
11$2.5M
12$4.8M
13$13.8M
14$38.6M
15$21.6M
19$20.7M
20$23.6M
21$25M
22$23.4M
23Asset Growth
$7.3M
11$195.9M
12$218M
13$240.4M
14$311.5M
15$345.4M
19$344.5M
20$396.9M
21$383.3M
22$362.4M
23Investment Portfolio (2023)
Total: $128.6M
Corporate Stock: $95.9M
Corporate Bonds: $32.7M
Other Investments: $183.2M
Cash: $4.4M
Corporate Stock (30%)
Corporate Bonds (10%)
Other Investments (58%)
Cash (1%)
Expense Breakdown (2023)
Grants Paid$14.7M
Pension & Benefits$257K
Travel & Conferences$185K
Legal Fees$43K
Depreciation$37K
Officer Compensation$36K
Accounting Fees$16K
Revenue Sources (2023)
- Dividends
- $4.1M
- Other Income
- $1.5M
- Interest
- $13K
- Capital Gains (Net)
- $-3,049,233
Financial Details (2023)
- Total Revenue
- $2.6M
- Total Expenses
- $23.4M
- Exempt Purpose Expenses
- $18.7M
- Required Distribution
- $19.5M
- Undistributed Income
- $18.6M
- Total Liabilities
- $14K
- Excise Tax
- $23K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$31.3M
Average Grant
$626K
Median Grant
$348K
Total Giving by Year
$16.6M (23 grants)
21$14.7M (27 grants)
23Grant Range
Min$2K
Max$4.5M
Median: $348K
Smallest grantLargest grant
Openness to New Grantees (2023)
92%
of 2023 grantees were first-time recipients
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
MA
MA: $500K (1)
CT
RI
OR
OR: $1.4M (3)
NV
WY
SD
IA
IL
IN
OH
PA
NJ
CA
UT
CO
NE
MO
KY
WV
VA
MD
DE
DC
AZ
NM
KS
AR
TN
NC
NC: $29.4M (46)
SC
OK
LA
MS
AL
GA
FL
HI
TX
NC$29.4M (46)
OR$1.4M (3)
MA$500K (1)
Past Grantees
| 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 |
| 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 |
| InsidetrackSupport for NC Reconnect | Portland, OR | $407K | 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 |
| College Of The AlbemarleSupport for NC Reconnect | Elizabeth City, NC | $75K | 2023 |
| Catawba Valley Community CollegeSupport for NC Reconnect | Hickory, NC | $75K | 2023 |
| Davidson-Davie Community CollegeSupport for NC Reconnect | Lexington, NC | $75K | 2023 |
| Edgecombe Community CollegeSupport for NC Reconnect | Tarboro, 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 |
| Charlotte-Mecklenburg SchoolsFAFSA Strong Initiative | Charlotte, 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 |
| North Carolina State UniversityBldg Capacity of Virtual Cntrs for Teaching/Learning to Improve Student Success in NCCC | Raleigh, NC | $2.1M | 2021 |
| North Carolina State UniversityEnvisioning Excellence for Community College Leadership | Raleigh, NC | $2.1M | 2021 |
| Foundation For The CarolinasGeneral Operating Support | Charlotte, NC | $1.5M | 2021 |
| Foundation For The CarolinasGeneral Operating Support | Charlotte, NC | $1.4M | 2021 |
| Myfuturenc Inc2021-22 Strategic Initiatives | Raleigh, NC | $1.3M | 2021 |
| National College Advising CorpsThe Class Documentary Series | Chapel Hill, NC | $1M | 2021 |
| Education NcContinuing Coverage in NC | Raleigh, NC | $1M | 2021 |
| Central Piedmont Community College Services CorporationEconomic Impact Study and Program-Specific Impact Study | Charlotte, NC | $783K | 2021 |
| University Of North Carolina- Chapel HillNC Education Futures - Accelerating Attainment Project | Chapel Hill, NC | $742K | 2021 |
| The University Of North Carolina System OfficeUNC System Student Success Equity Fellows | Chapel Hill, NC | $600K | 2021 |
| James B Hunt Jr Institute For EducationCreating Conditions for Success in NC | Cary, NC | $600K | 2021 |
| Center For Racial Equity In EducationGeneral Operating Support for CREED | Charlotte, NC | $500K | 2021 |
| Catawba Valley Community College Foundation IncStartup Your Ecosystem Pilot | Hickory, NC | $500K | 2021 |
| University Of North Carolina- CharlotteUnderstanding Experiences of Vertical Transfer Students in NC | Charlotte, NC | $457K | 2021 |
| Nc Community Colleges FoundationBasic Needs Initiative, Rapid Response Team, and Communications Support | Raleigh, NC | $371K | 2021 |
| Inside Track IncRe-Enrollment Campaign | Portland, OR | $308K | 2021 |
| National College Advising CorpsSupport for the 2020-21 School Year in North Carolina | Chapel Hill, NC | $300K | 2021 |
| Land Of Sky Regional CouncilConnecting the Dots that Lead to Educational Attainment and Gainful Employment in Western NC | Asheville, NC | $285K | 2021 |
| Center For Racial Equity In EducationListening to the NC10 | Charlotte, NC | $240K | 2021 |
| The University Of North Carolina System OfficeThe University of North Carolina Systems Adult Learner Work: Moving Forward and Moving Together | Chapel Hill, NC | $150K | 2021 |
| Wake Technical Community CollegeFinish First NC Extension Project | Raleigh, NC | $134K | 2021 |
| Fayetteville Technical Community CollegeAdult Learner Center | Fayetteville, NC | $75K | 2021 |
| Blue Ridge Community College FoundationMini-Grant for NC Reconnect Phase 2 | Flat Rock, NC | $75K | 2021 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
| 2018-12 | 990PF | View Filing |
| 2017-12 | 990PF | View Filing |
| 2016-12 | 990PF | View Filing |
| 2015-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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