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Pate Foundation Inc. is a private corporation based in MOREHEAD CITY, NC. The foundation received its IRS ruling in 2016. It holds total assets of $19K. Annual income is reported at $914. Total assets have grown from N/A in 2014 to $18K 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 2019 to 2024. According to available records, Pate Foundation Inc. has made 11 grants totaling $379K, with a median grant of $20K. Annual giving has grown from $74K in 2021 to $170K in 2024. Individual grants have ranged from $6K to $150K, with an average award of $34K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in North Carolina and Mississippi. 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.
Pate Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in NC, MS.
Pate Foundation Inc. has distributed a total of $379K across 11 grants. The median grant size is $20K, with an average of $34K. Individual grants have ranged from $6K to $150K.
Pate Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Pate Foundation Inc. is headquartered in MOREHEAD CITY, NC. While based in NC, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| G Timothy Pate | PRESIDENT | $0 | $0 | N/A |
| J Mike Pate | SECRETARY TREASURER | $0 | $0 | N/A |
Total Giving
$170K
Total Assets
$18K
Fair Market Value
$18K
Net Worth
$18K
Grants Paid
$170K
Contributions
$106
Net Investment Income
$5K
Distribution Amount
$5K
Total Grants
11
Total Giving
$379K
Average Grant
$34K
Median Grant
$20K
Unique Recipients
6
Most Common Grant
$10K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Educational FoundationOPERATING BUDGET | Chapel Hill, NC | $6K | 2021 |
| Boys And Girls Club Of Coastal PlainCURRENT BUDGET FOR GENERAL OPERATIONS | Winterville, NC | $150K | 2024 |
| Open Door Mennonite ChurchCURRENT BUDGET FOR GENERAL OPERATIONS | Jackson, MS | $10K | 2024 |
| Working Together MississippiCURRENT BUDGET FOR GENERAL OPERATIONS | Jackson, MS | $10K | 2024 |
| Boys And Girls ClubCURRENT BUDGET FOR GENERAL OPERATIONS | Oxford, NC | $10K | 2023 |
| KidznotesOPERATING BUDGET | Durham, NC | $33K | 2021 |