Accelerate America's clean energy future with conservative solutions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$90.8M
-9.3% YoY
Annual Giving
$12.8M
-10.7% YoY
Grant Count
11
+57.1% YoY
Avg Grant Size
$1.2M
-43.2% YoY
About 2040 Foundation Inc
Based on IRS filings
2040 Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLOTTE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $90.8M in total assets. In 2024, it awarded 11 grants totaling $12.8M. Net investment income was $805K.
Focus Areas
Ready to take the next step with 2040 Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $90,780,888 | $100,049,962 | $107,868,029 |
| Revenue | $805,127 | $392,925 | $-421,090 |
| Expenses | $14,695,873 | $16,517,816 | $17,286,494 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $805,127 | $392,925 | $-453,480 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jay W Faison | President | 5 | — |
| Bert Davis | Board Member | 2 | — |
| Bill Clements | Board Member | 2 | — |
| Dana Ring | Board Member | 2 | — |
| Jeremy Harrell | Board Member | 2 | — |
| Matthew Eby | Board Member | 2 | — |
| Rich Powell | Board Member | 2 | — |
| Mark T Bruinooge | Chief Financial Officer | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
The Hillbrook Gkp Iii Foundation Inc
GREENSBORO, NC
Assets
$32K
Grants
1
Total Given
$2K
Rotary Club of Salisbury Charities
SALISBURY, NC
Assets
$39K
Grants
1
Total Given
$50K
Ihope Foundation
GREENSBORO, NC
Assets
$10K
Grants
1
Total Given
$20K
Orange County Partnership for Young
HILLSBOROUGH, NC
Assets
$477K
Grants
18
Total Given
$2.1M
North Carolina Baptist Hospital
WINSTONSALEM, NC
Assets
$2.8B
Grants
17
Total Given
$634K
The Anne Shuford Mcbryde
ASHEVILLE, NC
Assets
$970K
Grants
19
Total Given
$49K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with 2040 Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities