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Kulynych Family Foundation Ii Inc. is a private corporation based in CHARLOTTE, NC. The foundation received its IRS ruling in 1996. The principal officer is Petro Kulynych. It holds total assets of $49.6M. Annual income is reported at $35.4M. Total assets have grown from $15M in 2010 to $47.3M in 2022. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. According to available records, Kulynych Family Foundation Ii Inc. has made 4 grants totaling $5.7M, with a median grant of $1.5M. Annual giving has grown from $1.4M in 2020 to $3.3M in 2022. Individual grants have ranged from $1M to $1.6M, with an average award of $1.4M. 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.
Kulynych Family Foundation Ii 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.
Kulynych Family Foundation Ii Inc. has distributed a total of $5.7M across 4 grants. The median grant size is $1.5M, with an average of $1.4M. Individual grants have ranged from $1M to $1.6M.
The application deadline is March 31. -no grants are made to individuals -grants are awarded for single years, except in certain circumstances where a multi-year grant may be considered/awarded. A renewal application must be submitted for consideration and will be renewed based on review of the previous year's progress and results, including statement of financial position and state of income/expenses. -initial grants are not necessarily typical of future years grants. -grants are made for both program related activities as well as in support of capital improvements and capital campaigns when special criteria are met. -grants are made in response to formal proposals submitted in writing. Organizations must be classified by the internal revenue service as public charities and tax-exempt under section 501 c3 and either section 509a1, 509 a2 or 509a3 other than nonfunctionally integrated typ iii. Organizations must also be able to provide tax-exempt documentation with their proposal.
Kulynych Family Foundation Ii Inc. is headquartered in CHARLOTTE, NC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lukas Sigmund | Treasurer | $0 | $0 | N/A |
| Lauren M Story | Secretary | $0 | $0 | N/A |
| Christina E Story | President | $0 | $0 | N/A |
| Thomas E Story Iv | President | $0 | $0 | N/A |
| Janice K Story | Chairman | $0 | $0 | N/A |
Total Giving
$2.3M
Total Assets
$47.3M
Fair Market Value
$48.3M
Net Worth
$47.3M
Grants Paid
$2.1M
Contributions
$379K
Net Investment Income
$1.1M
Distribution Amount
$2.4M
Total: $13.8M
Total Grants
4
Total Giving
$5.7M
Average Grant
$1.4M
Median Grant
$1.5M
Unique Recipients
1
Most Common Grant
$1.6M
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See AttachmentVARIOUS | Charlotte, NC | $1.6M | 2022 |