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Kelly Foundation Inc. is a private corporation based in RALEIGH, NC. The foundation received its IRS ruling in 2008. The principal officer is J Fredrick Kelly Jr. It holds total assets of $545K. Annual income is reported at $134K. Total assets have decreased from $859K in 2011 to $465K in 2023. The foundation is governed by 1 officer or trustee. 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 2016 to 2023. According to available records, Kelly Foundation Inc. has made 4 grants totaling $130K, with a median grant of $33K. Individual grants have ranged from $25K to $40K, with an average award of $33K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in North Carolina. 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.
Kelly Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NC.
Kelly Foundation Inc. has distributed a total of $130K across 4 grants. The median grant size is $33K, with an average of $33K. Individual grants have ranged from $25K to $40K.
Kelly Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Kelly Foundation Inc. is headquartered in RALEIGH, NC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| J Fredrick Kelly Jr | DIRECTOR | $0 | $0 | N/A |
Total Giving
$78K
Total Assets
$465K
Fair Market Value
$902K
Net Worth
$465K
Grants Paid
$72K
Contributions
N/A
Net Investment Income
$49K
Distribution Amount
$41K
Total Grants
4
Total Giving
$130K
Average Grant
$33K
Median Grant
$33K
Unique Recipients
2
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| White Memorial Presbyterian ChurchGENERAL PURPOSE | Raleigh, NC | $40K | 2022 |
| Dorothea Dix Park ConservancyGENERAL PURPOSE | Raleigh, NC | $25K | 2022 |