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Project 58 is a private corporation based in LEXINGTON, NC. The foundation received its IRS ruling in 2016. It holds total assets of $3.9M. Annual income is reported at $1.2M. The foundation is governed by 3 officers and trustees. The foundation operates in the area of religion. Tax records are available from 2021 to 2022. According to available records, Project 58 has made 64 grants totaling $652K, with a median grant of $5K. Individual grants have ranged from $624 to $140K, with an average award of $10K. The foundation has supported 31 unique organizations. The foundation primarily supports organizations in North Carolina, Tennessee, South Carolina, which account for 84% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
No specific application information is available for this foundation. Check the 990-PF filings below for application guidelines, or visit the foundation's website if listed above.
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.
Project 58 primarily funds organizations in the area of religion. Based on available records, the foundation has funded 64 grants. Its grantmaking reaches organizations primarily in NC, TN, SC.
Project 58 has distributed a total of $652K across 64 grants. The median grant size is $5K, with an average of $10K. Individual grants have ranged from $624 to $140K.
Project 58 is a private foundation. To inquire about grants, you can look up the foundation using their EIN (812188516) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Project 58 is headquartered in LEXINGTON, NC. While based in NC, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Roy Morgan | PRESIDENT | $0 | $0 | N/A |
| Todd Bartlett | SECRETARY | $0 | $0 | N/A |
| Scott Van Eerden | TREASURER | $0 | $0 | N/A |
Total Giving
$585K
Total Assets
$4.3M
Fair Market Value
$2.4M
Net Worth
$4.3M
Grants Paid
$326K
Contributions
$519K
Net Investment Income
$67K
Distribution Amount
$118K
Total: $2.6M
Total Grants
64
Total Giving
$652K
Average Grant
$10K
Median Grant
$5K
Unique Recipients
31
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Love LifeCHARITABLE | Charlotte, NC | $30K | 2022 |
| Global OutreachCHARITABLE | Orange Beach, AL | $5K | 2022 |
| Hope City ChurchCHARITABLE | Winston Salem, NC | $140K | 2022 |
| Hands And Feet ProjectCHARITABLE | Franklin, TN | $37K | 2022 |
| Gospel Music AssociationCHARITABLE | Nashville, TN | $12K | 2022 |
| Brian CharlesADOPTION ASSISTANCE | Thomasville, NC | $8K | 2022 |
| 121 IncCHARITABLE | Wallburg, NC | $6K | 2022 |
| Energize MinistriesCHARITABLE | Winston Salem, NC | $5K | 2022 |
| Seven Homes IncCHARITABLE | Greenboro, NC | $5K | 2022 |
| Not Forgotten MinistriesCHARITABLE | Winston Salem, NC | $5K | 2022 |
| Forsyth Jail And Prison MinistriesCHARITABLE | Winston Salem, NC | $5K | 2022 |
| First Hope MinistriesCHARITABLE | Lexington, NC | $5K | 2022 |
| Museum Of The BibleCHARITABLE | Washington, DC | $5K | 2022 |
| New Life Family OutreachCHARITABLE | High Point, NC | $5K | 2022 |
| One Child MattersCHARITABLE | Colorado Springs, CO | $5K | 2022 |
| Premier Arts CollectiveCHARITABLE | Greer, SC | $5K | 2022 |
| Salem Pregnancy Care CenterCHARITABLE | Winston Salem, NC | $5K | 2022 |
| The Dragonfly HouseCHARITABLE | Mocksville, NC | $5K | 2022 |
| Triad Coalition For LifeCHARITABLE | Greensboro, NC | $5K | 2022 |
| First Responders 1stCHARITABLE | Harrisburg, NC | $4K | 2022 |
| Motor Racing OutreachCHARITABLE | Concord, NC | $3K | 2022 |
| Give A Kid A ChristmasCHARITABLE | Lexington, NC | $3K | 2022 |
| Tikkun InternationalCHARITABLE | Bedford, TX | $3K | 2022 |
| United Way Of Davidson CountyCHARITABLE | Lexington, NC | $3K | 2022 |
| Pastors PantryCHARITABLE | Lexington, NC | $3K | 2022 |