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M & J Foundation Inc. is a private corporation based in RALEIGH, NC. The foundation received its IRS ruling in 1959. The principal officer is Marcellus J Best. It holds total assets of $6.4M. Annual income is reported at $3.1M. The foundation is governed by 2 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2024. Grantmaking is concentrated in North Carolina. According to available records, M & J Foundation Inc. has made 182 grants totaling $2.1M, with a median grant of $2K. Annual giving has grown from $355K in 2020 to $849K in 2022. Grantmaking activity was highest in 2021 with $867K distributed across 76 grants. Individual grants have ranged from $1K to $143K, with an average award of $11K. The foundation has supported 73 unique organizations. The foundation primarily supports organizations in North Carolina, Iowa, Arizona, which account for 91% of all grants. Grantmaking reaches organizations across 9 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$2K
Average Grant
$11K
Largest Grant
$85K
Based on 38 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.
M & J Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 182 grants. Its grantmaking reaches organizations primarily in NC, IA, AZ.
M & J Foundation Inc. has distributed a total of $2.1M across 182 grants. The median grant size is $2K, with an average of $11K. Individual grants have ranged from $1K to $143K.
M & J Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
M & J Foundation Inc. is headquartered in RALEIGH, NC. While based in NC, the foundation distributes grants to organizations across 9 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Marcellus J Best Jr | PRESIDENT | $0 | $0 | N/A |
| Frank S Best | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$6.4M
Fair Market Value
N/A
Net Worth
$6.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
182
Total Giving
$2.1M
Average Grant
$11K
Median Grant
$2K
Unique Recipients
73
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Young LifeTO SUPPORT THE MISSION OF THE ORGANIZATION | Harlan, IA | $143K | 2022 |
| 3hc Home Health And HospiceTO SUPPORT THE MISSION OF THE ORGANIZATION | Goldsboro, NC | $105K | 2022 |
| Wayne Pregnancy CenterTO SUPPORT THE MISSION OF THE ORGANIZATION | Goldsboro, NC | $53K | 2022 |
| Ymca Of The Triangle AreaTO SUPPORT THE MISSION OF THE ORGANIZATION | Raleigh, NC | $25K | 2022 |
| Wayne County Recovery CorporationTO SUPPORT THE MISSION OF THE ORGANIZATION | La Grange, NC | $25K | 2022 |
| Boys And Girls Club Of Wayne CountyTO SUPPORT THE MISSION OF THE ORGANIZATION | Goldsboro, NC | $10K | 2022 |
| Flynn Christian FellowshipTO SUPPORT THE MISSION OF THE ORGANIZATION | Goldsboro, NC | $5K | 2022 |
| Wayne Country Day SchoolTO SUPPORT THE MISSION OF THE ORGANIZATION | Goldsboro, NC | $5K | 2022 |
| Fellowship Og Christian AthletesTO SUPPORT THE MISSION OF THE ORGANIZATION | Goldsboro, NC | $5K | 2022 |
| St Davids SchoolTO SUPPORT THE MISSION OF THE ORGANIZATION | Raleigh, NC | $5K | 2022 |
| Justice MattersTO SUPPORT THE MISSION OF THE ORGANIZATION | Durham, NC | $5K | 2022 |
| Boys Scouts Of America Tuscarora CoTO SUPPORT THE MISSION OF THE ORGANIZATION | Goldsboro, NC | $5K | 2022 |
| Children Of Hope AllianceTO SUPPORT THE MISSION OF THE ORGANIZATION | Barium Springs, NC | $3K | 2022 |
| Independent College FundTO SUPPORT THE MISSION OF THE ORGANIZATION | Raleigh, NC | $3K | 2022 |
| University Of Mount OliveTO SUPPORT THE MISSION OF THE ORGANIZATION | Mount Olive, NC | $3K | 2022 |
| The Salvation ArmyTO SUPPORT THE MISSION OF THE ORGANIZATION | Goldsboro, NC | $3K | 2022 |
| Campus Crusade For ChristTO SUPPORT THE MISSION OF THE ORGANIZATION | Orlando, FL | $3K | 2022 |
| United Way Of Wayne CountyTO SUPPORT THE MISSION OF THE ORGANIZATION | Goldsboro, NC | $2K | 2022 |
| Wayne County College FoundationTO SUPPORT THE MISSION OF THE ORGANIZATION | Goldsboro, NC | $2K | 2022 |
| Duke UniversityTO SUPPORT THE MISSION OF THE ORGANIZATION | Durham, NC | $2K | 2022 |
| United Church Ministries Of Wayne CTO SUPPORT THE MISSION OF THE ORGANIZATION | Goldsboro, NC | $2K | 2022 |
| Wayne Health Foundation Dba WatchTO SUPPORT THE MISSION OF THE ORGANIZATION | Goldsboro, NC | $2K | 2022 |
| Lees McraeTO SUPPORT THE MISSION OF THE ORGANIZATION | Banner Elk, NC | $1K | 2022 |
| Mccallie SchoolTO SUPPORT THE MISSION OF THE ORGANIZATION | Chattanooga, TN | $1K | 2022 |
| Paramount Theathre FoundationTO SUPPORT THE MISSION OF THE ORGANIZATION | Goldsboro, NC | $1K | 2022 |
| Stage StruckTO SUPPORT THE MISSION OF THE ORGANIZATION | Goldsboro, NC | $1K | 2022 |