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Slick Family Foundation is a private corporation based in BERMUDA RUN, NC. The foundation received its IRS ruling in 1997. The principal officer is Earl F Slick. It holds total assets of $12.2M. Annual income is reported at $3.9M. The foundation is governed by 5 officers and trustees. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in North Carolina, California and Texas. According to available records, Slick Family Foundation has made 39 grants totaling $1.7M, with a median grant of $27K. Annual giving has grown from $186K in 2021 to $665K in 2023. Grantmaking activity was highest in 2022 with $830K distributed across 24 grants. Individual grants have ranged from $1K to $200K, with an average award of $43K. The foundation has supported 21 unique organizations. The foundation primarily supports organizations in North Carolina, California, Texas, which account for 92% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Slick Family Foundation is a small, family-run private foundation with no program staff — its governance consists entirely of family members and advisors: Phyllis S. Cowell (President/Director, uncompensated), Lynn C. Ives and Michelle P. Cowell (Vice President/Directors, paid $135,788 and $71,702 respectively in the most recent year on file), Dana W. Howard (Secretary/Treasurer, uncompensated), and Steven L. Wallen (Investment Manager/Director, uncompensated). The foundation's own IRS Form 990-PF checks the box indicating it 'only makes contributions to preselected charitable organizations' and does not accept unsolicited applications — consistent with an empty application_instructions field and no grants page or application form URL on record. Third-party aggregators show conflicting characterizations (one describes it as 'open to unsolicited applications'), but the primary 990 source and the absence of any published intake process both point toward a closed, relationship-driven funder. First-time applicants should not treat this as an RFP-style opportunity. The grantee roster reveals a small, stable set of repeat relationships: Paws For Life K9 Rescue, Palisades-Malibu YMCA, Mama Hills Help, and Fun Run For Charities each received grants across three separate allocations, while Texas Biomedical Research Institute/Institution received combined support exceeding $399,000 across multiple grants. This pattern — funding the same organizations repeatedly rather than rotating through new applicants — suggests that once a relationship is established, renewal is likely, but breaking in for the first time is the real hurdle. The foundation's giving concentrates around three geographic hubs that likely reflect the Slick family's personal and business ties: the Bermuda Run/Winston-Salem/Rocky Mount corridor of North Carolina (its home base and largest grant count by state), the Malibu/Santa Barbara area of California, and Texas biomedical/medical research institutions. Organizations with no existing tie to these hubs, to a current grantee, or to a board member should treat this as a low-probability, long-horizon prospect rather than a near-term funding source, and should prioritize warm introductions over written applications.
Across the 39 grants captured in the matched database, the foundation distributed $1,680,603 total, averaging $43,092 per grant, though the distribution is highly skewed by a handful of large awards. The single largest documented relationship is Texas Biomedical Research Institute/Institution, which received a combined $399,766 across multiple grants (including a $299,871 facility-upgrade allocation) despite Texas accounting for only 4 of the 39 grants — making Texas grants the largest by average size ($99,942) even though North Carolina and California see far more grant activity by count (14 and 18 grants respectively). Other notable single awards include $200,124 to National Stem Cell Foundation (general operation) and $200,000 across three grants to Paws For Life K9 Rescue. At the smaller end, awards to Bermuda Run Cares ($1,000) and The Slac Foundation ($4,000) illustrate the foundation's willingness to make modest, community-level gifts alongside six-figure institutional grants. The foundation's own IRS-filed typical_grant_size figures (median $15,000, average $37,168, range $1,000-$99,841 on a 5-grant sample) are broadly consistent with third-party aggregator data showing a lifetime median of $10,000-$15,000 across a larger multi-year grant universe (grantbay.org counts 83 grants totaling $4,008,859 in its extended window, versus grantable.co's larger cumulative count of 165 grants totaling $7,163,104 — these aggregator totals span more years than the database snapshot and should be read as directional, not exact). Foundation-level financials show total giving of $1,320,883 in FY2023, up 24% from $1,061,550 in FY2022 and well above the FY2021 trough of $873,596, while grants_paid specifically was $665,019 in FY2023 — the gap between total_giving and grants_paid reflects that roughly $213,692 in annual officer compensation and other qualifying distributions are counted alongside direct grants. Total assets have held in a narrow $12.0M-$15.3M band since 2011, with no clear multi-year growth trend, meaning annual giving capacity is likely to remain in the roughly $900K-$1.4M range going forward absent a major liquidity event.
| Foundation | Assets | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|
| Slick Family Foundation | $12.2M | $1.32M (FY2023) | Community Development / General Purposes | Preselected only (closed) |
| Building Brighter Days Foundation Inc | $12.2M | N/A | Philanthropy & Grantmaking | Unknown — no public website |
| Charles D and Mary A Bauer Foundation | $12.2M | N/A | Philanthropy & Grantmaking | Unknown — no public website |
| The Mel & Ruth Wolzinger Foundation | $12.2M | N/A | Philanthropy & Grantmaking | Unknown — no public website |
| Hough Foundation | $12.2M | N/A | Philanthropy & Grantmaking | Has public website (houghfoundation.org) |
| Patterson Foundation | $12.2M | N/A | Philanthropy & Grantmaking | Has public website (patterson-foundation.org) |
All five peers were matched on asset size — each holds between $12.23M and $12.24M in total assets, within a few thousand dollars of Slick's $12,234,656 — so this is an asset-matched cohort rather than a subject-matched one; all six organizations, including Slick, carry the same generic 'Philanthropy & Grantmaking' NTEE classification, which describes their tax status as private foundations rather than their programmatic focus. Annual giving figures were not available in the source dataset for the five peers, so no direct giving-volume comparison can be made; this is a genuine data gap rather than an inferred zero. The clearest differentiator among this cohort is public accessibility: Hough Foundation and Patterson Foundation both maintain live websites, suggesting a more approachable application posture, while Building Brighter Days, the Bauer Foundation, and the Wolzinger Foundation have no listed website — consistent with the closed, relationship-based model Slick itself follows. Applicants unable to secure a warm introduction to Slick may find Hough or Patterson more accessible starting points among this asset-matched peer set.
The most recent full fiscal year captured in the matched database is FY2023, showing total giving of $1,320,883 (up from $1,061,550 in FY2022) and grants_paid of $665,019. Per grantbay.org, the foundation's next Form 990-PF was filed September 22, 2025, covering FY2024 activity, and shows a marked shift: only 11 grants were issued that year, with the median award falling to $5,000 (down from $10,000-$15,000 in prior years). The standout exception was a $500,000 grant to Old Salem Museums and Gardens in Winston-Salem, NC — by a wide margin the largest single grant identified in any source reviewed for this report — alongside a $25,000 grant to Roanoke Island Historical Association and a $15,000 renewal grant to longtime grantee Palisades-Malibu YMCA. No press releases, leadership transitions, or public program announcements were located; the foundation maintains no discoverable news presence, and its website (slick.org) returned no retrievable page content during this review, consistent with the foundation's overall low public profile. Foundation leadership appears unchanged across all years on file: Phyllis S. Cowell as President/Director, Lynn C. Ives and Michelle P. Cowell as Vice President/Directors, Dana W. Howard as Secretary/Treasurer, and Steven L. Wallen as Investment Manager/Director. Given the FY2024 pattern — one very large institutional grant paired with a sharply reduced number of smaller awards — organizations without an existing relationship should not assume a stable, predictable pool of smaller grants will always be available in a given year; the foundation's smaller-grant capacity appears to flex year to year around occasional large, relationship-driven commitments.
This is a preselected-organizations-only funder with no published application process, so the standard grant-writing playbook does not apply. First, do not search for or attempt to use an online application form or grants portal — none exists in any source reviewed (grants_page_url, application_form_url, and application_instructions are all blank or 'none' in the foundation's own filed data). Second, prioritize geography and relationship over subject-matter fit alone: the strongest signal in the grantee data is concentration around Bermuda Run/Winston-Salem/Rocky Mount, NC; Malibu/Santa Barbara, CA; and Texas biomedical/medical research institutions — organizations based in or serving these specific communities have measurably better representation in the grant history than the broad NTEE code ('Community Development') alone would suggest. Third, frame any outreach around general operating support rather than a narrow restricted project; roughly two-thirds of documented grants are coded 'general operation,' and the foundation shows no pattern of funding named capital campaigns or program-specific budgets outside of a few large one-off institutional gifts (e.g., the $500,000 Old Salem Museums grant, which appears tied to an established community relationship rather than a competitive proposal). Fourth, calibrate the ask: a first-time relationship should target the $1,000-$25,000 range that dominates the smaller grantees in the data (Bermuda Run Cares, SPCA of Wake County, River Otter Ecology Project, World Central Kitchen); six-figure asks are reserved for institutions with long, established ties to the family. The most common mistake prospective applicants will make is treating the 'accepting_applications: true' flag in aggregator databases as an invitation to submit a cold LOI — the foundation's own 990 filing indicates the opposite, and the near-total absence of a public program infrastructure (no staff, no program officer, no portal) confirms that written cold outreach is unlikely to be read, let alone funded. The single highest-leverage action available to an unconnected organization is identifying a person-to-person introduction — through a current grantee, a shared board member, or a community tie to one of the three funding hubs — before any written material is prepared.
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Smallest Grant
$1K
Median Grant
$15K
Average Grant
$37K
Largest Grant
$100K
Based on 5 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.
Across the 39 grants captured in the matched database, the foundation distributed $1,680,603 total, averaging $43,092 per grant, though the distribution is highly skewed by a handful of large awards. The single largest documented relationship is Texas Biomedical Research Institute/Institution, which received a combined $399,766 across multiple grants (including a $299,871 facility-upgrade allocation) despite Texas accounting for only 4 of the 39 grants — making Texas grants the largest by averag.
Slick Family Foundation has distributed a total of $1.7M across 39 grants. The median grant size is $27K, with an average of $43K. Individual grants have ranged from $1K to $200K.
Slick Family Foundation is a small, family-run private foundation with no program staff — its governance consists entirely of family members and advisors: Phyllis S. Cowell (President/Director, uncompensated), Lynn C. Ives and Michelle P. Cowell (Vice President/Directors, paid $135,788 and $71,702 respectively in the most recent year on file), Dana W. Howard (Secretary/Treasurer, uncompensated), and Steven L. Wallen (Investment Manager/Director, uncompensated). The foundation's own IRS Form 990-.
Slick Family Foundation is headquartered in BERMUDA RUN, NC. While based in NC, the foundation distributes grants to organizations across 5 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lynn C Ives | VICE PRESIDENT/DIRECTOR | $140K | $8K | $148K |
| Michelle P Cowell | VICE PRESIDENT/DIRECTOR | $74K | $4K | $78K |
| Dana W Howard | SECRETARY/TREASURER | $0 | $0 | N/A |
| Phyllis S Cowell | PRESIDENT/DIRECTOR | $0 | $0 | N/A |
| Steven L Wallen | INVESTMENT MANAGER/DIRECTO | $0 | $0 | N/A |
Total Giving
$1.3M
Total Assets
$12.5M
Fair Market Value
$15.2M
Net Worth
$12.5M
Grants Paid
$665K
Contributions
$278K
Net Investment Income
$615K
Distribution Amount
$718K
Total: $11.4M
Total Grants
39
Total Giving
$1.7M
Average Grant
$43K
Median Grant
$27K
Unique Recipients
21
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| National Stem Cell Foundationgeneral operation | Louisville, KY | $200K | 2023 |
| Paws For Life K9 RescueAnimal Rescue | Mission Hills, CA | $100K | 2023 |
| St Gerard Housegeneral operation | Hendersonville, NC | $100K | 2023 |
| Boys & Girls Club Of Tar River Regiongeneral operation | Rocky Mount, NC | $100K | 2023 |
| Texas Biomedical Research InstitutionBiomedical Research | San Antonio, TX | $100K | 2023 |
| Gateway Technology Centergeneral operation | Rocky Mount, NC | $30K | 2023 |
| Palisades-Malibu YmcaGeneral Operation | Pacific Palisades, CA | $20K | 2023 |
| Fun Run For Charities - North Carolina Community FoundationGeneral Operation | Raleigh, NC | $5K | 2023 |
| The River Otter Ecology ProjectGeneral Operation | Forest Knolls, CA | $5K | 2023 |
| Spca Of Wake Countygeneral operation | Raleigh, NC | $5K | 2023 |
| Texas Biomedical Research InstituteFACILITY UPGRADE | San Antonio, TX | $100K | 2022 |
| Unc Institute For The EnvironmentGENERAL OPERATION | Chapel Hill, NC | $100K | 2022 |
| Uc Santa Barbara Exito ProgramGENERAL OPERATION | Santa Barbara, CA | $50K | 2022 |
| Outer Banks HospitalGENERAL OPERATION | Nags Head, NC | $50K | 2022 |
| Mama Hills HelpGENERAL OPERATION | Los Angeles, CA | $16K | 2022 |
| Fun Run For Charities- North Carolina Community FoundationGENERAL OPERATION | Raleigh, NC | $5K | 2022 |
| World Central Kitchen IncGENERAL OPERATION | Washington, DC | $5K | 2022 |
| Community Organized Relief EffortHUMANITARIAN EFFORTS FOR UKRANIAN REFUGEES | Los Angeles, CA | $5K | 2022 |
| The Slac FoundationGENERAL OPERATON | Los Angeles, CA | $2K | 2022 |
| Carolinas Gateway PartnershipGENERAL OPERATION | Rocky Mount, NC | $65K | 2021 |
| Bermuda Run CaresGENERAL OPERATION | Winstonsalem, NC | $1K | 2021 |