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The William R Kenan Jr Fund is a private corporation based in CHAPEL HILL, NC. The foundation received its IRS ruling in 1983. The principal officer is Steven Armstrong. It holds total assets of $64.7M. Annual income is reported at $16.4M. Total assets have grown from $47.4M in 2010 to $64.7M in 2024. The foundation is governed by 13 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2024. According to available records, The William R Kenan Jr Fund has made 5 grants totaling $3.6M, with a median grant of $214K. Individual grants have ranged from $10K to $2.3M, with an average award of $725K. Grant recipients are concentrated in North Carolina. 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.
The William R Kenan Jr Fund is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in NC.
The William R Kenan Jr Fund has distributed a total of $3.6M across 5 grants. The median grant size is $214K, with an average of $725K. Individual grants have ranged from $10K to $2.3M.
The William R Kenan Jr Fund typically selects its grantees rather than accepting unsolicited proposals.
The William R Kenan Jr Fund is headquartered in CHAPEL HILL, NC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Daniel W Drake | PRES./DIRECTOR | $178K | $0 | $178K |
| Susan Bowser | ASSISTANT SECRETARY | $103K | $8K | $110K |
| Evan Stewart Gwyn | DIRECTOR | $0 | $0 | N/A |
| Robert P Baynard Jr | DIRECTOR | $0 | $0 | N/A |
| Liza Kenan Howell | DIRECTOR | $0 | $0 | N/A |
| J Haywood Davis | DIRECTOR | $0 | $0 | N/A |
| Frank Hawkins Kenan Ii | DIRECTOR | $0 | $0 | N/A |
| Sterling Kenan Mccracken | DIRECTOR | $0 | $0 | N/A |
| Holt K Hemingway | SECRETARY/DIRECTOR | $0 | $0 | N/A |
| Thomas S Kenan Iii | VICE PRESIDENT/DIRECTOR | $0 | $0 | N/A |
| Christopher Arndt Shuping | DIRECTOR | $0 | $0 | N/A |
| Gareth Gwyn | DIRECTOR | $0 | $0 | N/A |
| Steven R Armstrong | TREASURER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$64.7M
Fair Market Value
N/A
Net Worth
$64.7M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
5
Total Giving
$3.6M
Average Grant
$725K
Median Grant
$214K
Unique Recipients
1
Most Common Grant
$150K
of 2021 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Kenan-Flagler Business School FoundationOPERATIONS | Chapel Hill, NC | $2.3M | 2021 |