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Jt Hobby Jr Endowment Fund is a private trust based in RALEIGH, NC. The foundation received its IRS ruling in 2012. The principal officer is Richard H Haywood. It holds total assets of $5.6M. Annual income is reported at $544K. Total assets have grown from $100K in 2012 to $5.5M in 2023. The foundation is governed by 2 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 2020 to 2023. Grantmaking is concentrated in North Carolina. According to available records, Jt Hobby Jr Endowment Fund has made 74 grants totaling $1.1M, with a median grant of $5K. Annual giving has grown from $277K in 2020 to $560K in 2022. Individual grants have ranged from $1K to $100K, with an average award of $15K. The foundation has supported 21 unique organizations. The foundation primarily supports organizations in North Carolina, Virginia, New York, which account for 89% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$8K
Average Grant
$15K
Largest Grant
$100K
Based on 18 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.
Jt Hobby Jr Endowment Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 74 grants. Its grantmaking reaches organizations primarily in NC, VA, NY.
Jt Hobby Jr Endowment Fund has distributed a total of $1.1M across 74 grants. The median grant size is $5K, with an average of $15K. Individual grants have ranged from $1K to $100K.
Jt Hobby Jr Endowment Fund typically selects its grantees rather than accepting unsolicited proposals.
Jt Hobby Jr Endowment Fund is headquartered in RALEIGH, NC. While based in NC, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jean H Holmes | TRUSTEE | $25K | $0 | $25K |
| Judy H Poe | TRUSTEE | $25K | $0 | $25K |
Total Giving
$347K
Total Assets
$5.5M
Fair Market Value
$5.5M
Net Worth
$5.5M
Grants Paid
$277K
Contributions
N/A
Net Investment Income
$82K
Distribution Amount
$258K
Total: $139K
Total Grants
74
Total Giving
$1.1M
Average Grant
$15K
Median Grant
$5K
Unique Recipients
21
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyGENERAL SUPPORT | Raleigh, NC | $4K | 2022 |
| John Thomas Hobby Jr Scholarship Endowment Nc State University FoundatioGENERAL SUPPORT | Raleigh, NC | $100K | 2022 |
| Fishburne Hudgins Educational Foundation Fishburne Military AcademyGENERAL SUPPORT | Waynesboro, VA | $50K | 2022 |
| White Memorial Presbyterian ChurchGENERAL SUPPORT | Raleigh, NC | $25K | 2022 |
| The Lustgarten FoundationGENERAL SUPPORT | Bethpage, NY | $20K | 2022 |
| Transition Kidshospice Of Wake CountyGENERAL SUPPORT | Raleigh, NC | $10K | 2022 |
| Hilltop Home FoundationGENERAL SUPPORT | Raleigh, NC | $10K | 2022 |
| Baptist Children'S Home Of NcGENERAL SUPPORT | Thomasville, NC | $10K | 2022 |
| Carolina BalletGENERAL SUPPORT | Raleigh, NC | $10K | 2022 |
| Triangle Family ServicesGENERAL SUPPORT | Raleigh, NC | $10K | 2022 |
| Tammy Lynn Memorial Foundation IncGENERAL SUPPORT | Raleigh, NC | $5K | 2022 |
| Ymca Of Triangle AreaGENERAL SUPPORT | Raleigh, NC | $5K | 2022 |
| SafechildGENERAL SUPPORT | Raleigh, NC | $5K | 2022 |
| St Jude Children'S Research HospitalGENERAL SUPPORT | Memphis, TN | $4K | 2022 |
| CasaGENERAL SUPPORT | Raleigh, NC | $3K | 2022 |
| Shepherd'S Table Soup KitchenGENERAL SUPPORT | Raleigh, NC | $3K | 2022 |
| The Family Violence Prevention Center Inc Dba InteractGENERAL SUPPORT | Raleigh, NC | $3K | 2022 |
| American Red CrossGENERAL PURPOSES | Boone, IA | $3K | 2022 |
| Methodist Home For ChildrenGENERAL SUPPORT | Raleigh, NC | $1K | 2022 |