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Sears Family Foundation Inc. is a private corporation based in RALEIGH, NC. The foundation received its IRS ruling in 2009. The principal officer is Lynn Sears. It holds total assets of $1.1M. Annual income is reported at $25K. Total assets have grown from $452K in 2011 to $1.2M in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2018 to 2023. Grantmaking is concentrated in North Carolina. According to available records, Sears Family Foundation Inc. has made 12 grants totaling $362K, with a median grant of $4K. Individual grants have ranged from $1K to $159K, with an average award of $30K. The foundation has supported 6 unique organizations. Grant recipients are concentrated in North Carolina. 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.
Smallest Grant
$500
Median Grant
$2K
Average Grant
$3K
Largest Grant
$8K
Based on 16 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.
Sears Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NC.
Sears Family Foundation Inc. has distributed a total of $362K across 12 grants. The median grant size is $4K, with an average of $30K. Individual grants have ranged from $1K to $159K.
Sears Family Foundation Inc. is a private foundation. To inquire about grants, you can look up the foundation using their EIN (261589867) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Sears Family Foundation Inc. is headquartered in RALEIGH, NC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lynn H Sears | PRESIDENT | $0 | $0 | N/A |
| James R Sears | VICE PRESIDE | $0 | $0 | N/A |
| Casie S Kerr | SECRETARY | $0 | $0 | N/A |
| J Ryan Sears | TREASURER | $0 | $0 | N/A |
Total Giving
$56K
Total Assets
$1.2M
Fair Market Value
$1.8M
Net Worth
$1.2M
Grants Paid
$52K
Contributions
$500K
Net Investment Income
$53K
Distribution Amount
$62K
Total Grants
12
Total Giving
$362K
Average Grant
$30K
Median Grant
$4K
Unique Recipients
6
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| CasaKINGS RIDGE | Raleigh, NC | $159K | 2022 |
| Cecilia Rawlins FundGENERAL OPERATIONS | Raleigh, NC | $11K | 2022 |
| Boys And Girls ClubGENERAL OPERATIONS | Raleigh, NC | $5K | 2022 |
| Oak City CaresGENERAL OPERATIONS | Raleigh, NC | $3K | 2022 |
| Food Bank Of Eastern NcGENERAL OPERATIONS | Wilmington, NC | $3K | 2022 |
| Women That Care IncGENERAL OPERATIONS | Raleigh, NC | $1K | 2022 |