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Zelnak Private Foundation is a private trust based in RALEIGH, NC. The foundation received its IRS ruling in 1999. The principal officer is Wells Fargo Advisors. It holds total assets of $898K. Annual income is reported at $46K. Total assets have decreased from $3.2M in 2011 to $2.1M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in North Carolina and Georgia. According to available records, Zelnak Private Foundation has made 14 grants totaling $2.6M, with a median grant of $110K. Annual giving has grown from $870K in 2020 to $1.2M in 2022. Individual grants have ranged from $50K to $450K, with an average award of $186K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in North Carolina and Georgia. Contributions to this foundation are tax-deductible.
Smallest Grant
$50K
Median Grant
$120K
Average Grant
$174K
Largest Grant
$450K
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.
Zelnak Private Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in NC, GA.
Zelnak Private Foundation has distributed a total of $2.6M across 14 grants. The median grant size is $110K, with an average of $186K. Individual grants have ranged from $50K to $450K.
Zelnak Private Foundation typically selects its grantees rather than accepting unsolicited proposals.
Zelnak Private Foundation is headquartered in RALEIGH, NC. While based in NC, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stephen P Zelnak Jr | TRUSTEE | $0 | $0 | N/A |
| Judy D Zelnak | TRUSTEE | $0 | $0 | N/A |
Total Giving
$1.1M
Total Assets
$2.1M
Fair Market Value
$2.1M
Net Worth
$2.1M
Grants Paid
$1.1M
Contributions
N/A
Net Investment Income
$310K
Distribution Amount
$140K
Total Grants
14
Total Giving
$2.6M
Average Grant
$186K
Median Grant
$110K
Unique Recipients
5
Most Common Grant
$100K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Ncsu FoundationCHARITABLE GENERAL SUPPORT | Raleigh, NC | $400K | 2022 |
| Carolina BalletCHARITABLE GENERAL SUPPORT | Raleigh, NC | $100K | 2022 |
| Alexander Tharpe FundCHARITABLE GENERAL SUPPORT | Atlanta, GA | $95K | 2022 |
| Georgia Tech FoundationCHARITABLE GENERAL SUPPORT | Atlanta, GA | $100K | 2021 |
| Holy Trinty ChurchCHARITABLE GENERAL SUPPORT | Raleigh, NC | $50K | 2020 |