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Yeargan Foundation Charitable Trust is a private trust based in GARNER, NC. The foundation received its IRS ruling in 1989. It holds total assets of $24M. Annual income is reported at $10.9M. Total assets have grown from $7.8M in 2011 to $13M in 2023. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in North Carolina and Louisiana. According to available records, Yeargan Foundation Charitable Trust has made 38 grants totaling $1.5M, with a median grant of $10K. Annual giving has grown from $597K in 2020 to $911K in 2022. Individual grants have ranged from $100 to $200K, with an average award of $40K. The foundation has supported 20 unique organizations. The foundation primarily supports organizations in North Carolina, Louisiana, Alaska, which account for 92% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Yeargan Foundation Charitable Trust reported 38 individual grants totaling $1.5 million between 2020 and 2022 across its IRS Form 990-PF filings, with a median grant of $10,000. Half of those grants fell between $138 and $50,000. Its largest single grant in the record was $200,000. Its most recent available filing, for fiscal year 2023, reports $778,583 in total giving.
Grantmaking is concentrated in NC, which received 28 of the 38 grants on record (74 percent). In total the foundation's grantees span 4 states. Of its 20 distinct grantees, 50 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were Duke University ($600,000), Ymca Of The Triangle ($150,000) and University Of Nc ($133,200).
Computed from 38 individual grant records (2020–2022) in this foundation's IRS Form 990-PF Part XV filings, reaching 4 states. Source: IRS 990-PF.
Smallest Grant
$100
Median Grant
$8K
Average Grant
$33K
Largest Grant
$200K
Based on 18 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.
Yeargan Foundation Charitable Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 38 grants. Its grantmaking reaches organizations primarily in NC, LA, AK.
Yeargan Foundation Charitable Trust has distributed a total of $1.5M across 38 grants. The median grant size is $10K, with an average of $40K. Individual grants have ranged from $100 to $200K.
Yeargan Foundation Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Yeargan Foundation Charitable Trust is headquartered in GARNER, NC. While based in NC, the foundation distributes grants to organizations across 4 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sherman Yeargan | TRUSTEE | $50K | $0 | $50K |
Total Giving
$779K
Total Assets
$13M
Fair Market Value
$47.8M
Net Worth
$13M
Grants Paid
$449K
Contributions
N/A
Net Investment Income
$3M
Distribution Amount
$2.2M
Total: $13.9M
Total Grants
38
Total Giving
$1.5M
Average Grant
$40K
Median Grant
$10K
Unique Recipients
20
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Community Of HopeCONTRIBUTION | Garner, NC | $40K | 2022 |
| Duke UniversityENDOWMENT | Durham, NC | $200K | 2022 |
| Transitions LifecareCONTRIBUTION | Raleigh, NC | $100K | 2022 |
| Durham Nativity SchoolCONTRIBUTION | Durham, NC | $50K | 2022 |
| Ymca Of The TriangleCONTRIBUTION | Raleigh, NC | $50K | 2022 |
| Brother Martin High SchoolCONTRIBUTION | New Orleans, LA | $10K | 2022 |
| Bristol Bay Heritage Land TrustCONTRIBUTION | Dillingham, AK | $5K | 2022 |
| Cape Fear Community CollegeMEMORIAL | Wilmington, NC | $100 | 2022 |
| Church Of The SaviourMEMORIAL | Wayne, PA | $100 | 2022 |
| First Baptist Church Of Butner BuilMEMORIAL | Butner, NC | $100 | 2022 |
| University Of NcENDOWMENT | Chapel Hill, NC | $133K | 2020 |
| Wake Tech FoundationCONTRIBUTION | Raleigh, NC | $33K | 2020 |
| Garner Area MinistriesCONTRIBUTION | Garner, NC | $25K | 2020 |
| Ecole Bilingue De La NouvelleCONTRIBUTION | New Orleans, LA | $10K | 2020 |
| Show'N Tell MinistriesCONTRIBUTION | Garner, NC | $2K | 2020 |
| Raleigh Rescue MissionCONTRIBUTION | Raleigh, NC | $500 | 2020 |
| Jimmy Andrews Endowment FundMEMORIAL | Arapahoe, NC | $100 | 2020 |
| The Tammy Lynn CenterMEMORIAL | Raleigh, NC | $100 | 2020 |
| Food Bank Of Central Eastern NcMEMORIAL | Raleigh, NC | $100 | 2020 |
| Fayetteville Tech Comm CollegeMEMORIAL | Fayetteville, NC | $100 | 2020 |