24 Foundation Inc
24 Foundation aims to inspire and engage communities to make an immediate impact on the lives of people affected by cancer. Through a 24-hour-long cycling and walking event, our organization has gathered 27,000+ participants from 50 states, in addition to their donor support, and raised over $30m for this mission since our inception. See schedule I to review grants paid in 2024 to fulfill this mission. The below report details grants paid in december 2023 and utilized by grantees in the 2024 fiscal year.
24 Foundation Inc at a glance
In short: 24 Foundation Inc gave $669K across 13 grants in 2024 (avg $51K), mostly in North Carolina. 20% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $669,000
- +310.4% vs 2023
- Grants made (2024)
- 13
- +18.2% vs 2023
- Average grant
- $51,462
- +247.3% vs 2023
- Median grant
- $15,000
- Total assets
- $1,912,944
- +59.1% vs 2023
- New grantees (estimate)
- 20% first-time grantees (2 of 10, 2024; small sample)
- Primary geography
- North Carolina (93% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who 24 Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Atrium Health Foundation ($473K). Together the top 10 received $605K.
Organizations only. It also paid 3 grants to individuals ($64,000), which are not listed by name.
Grant Size Distribution
51 grants across all recorded years
The most common grant size was under $50K: 49 grants of 51 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 13 itemized grants.
Cities
Is 24 Foundation Inc open to new grantees?
20%
first-time grantees, 2024
In 2024, 2 of 10 grantees (20%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $9K; repeat grants $73K. How we count
Medians: $9K first-time, $18K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $114K (2021) to $669K (2024). In 2024 it made 13 grants totaling $669K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Atrium Health Foundation Charlotte, NC | Precision medicine | $472,500 |
| 3 grants to individuals Recipients not named | — | $64,000 |
| Casting Carolinas Asheville, NC | Mind, body, spirit retreats utilizi | $20,000 |
| Hospitality House Charlotte, NC | Affordable housing - all | $20,000 |
| Nothing Pink Rock Hill, SC | Female cancer screenings, support p | $20,000 |
| Feast For Good Charlotte, NC | Provides life-enhancing nutrition | $15,000 |
| Isabella Santos Foundation Charlotte, NC | Precision medicine | $15,000 |
| Move For Jenn Charlotte, NC | funding for activewear prosthetics | $15,000 |
| CLT Foundation Charlotte, NC | — | $10,000 |
| Queens University Charlotte, NC | Precision medicine | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $1,912,944 | $2,523,606 | $3,212,013 | $669,000 | 13 | $42,981 |
| 2023 | $1,202,070 | $1,798,504 | $1,279,057 | $163,000 | 11 | $18,609 |
| 2022 | $1,038,019 | $1,443,342 | $1,130,784 | $113,500 | 7 | $932 |
| 2021 | $1,081,885 | $1,362,203 | $987,101 | $113,500 | 7 | $822 |
| 2020 | $1,087,815 | $1,541,142 | $2,700,221 | $395,115 | 13 | $1,427 |
About 24 Foundation Inc
Based on IRS filings
24 Foundation Inc is a public charity focused on Diseases, Disorders & Medical Disciplines, based in Charlotte, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 13 grants totaling $669K. Net investment income was $43K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
24 Foundation Inc is led by Katherine Anderson Murphy, Executive Director on every filing since 2023; 1 of 19 officers listed in 2024 is compensated.
Officers on the 2024 filing
Katherine Anderson Murphy
Executive Director
On filings since 2023
40 hrs/week
$119K (2023) → $121K (2024)
Joe Vogelbacher
Chair
Board Member → Vice Chair, 2022
Vice Chair → Chair, 2024
On filings since 2021
3 hrs/week
No compensation reported
Matthew Cameron
Bom Chair
Vice President → Bom Chair, 2024
On filings since 2023
3 hrs/week
No compensation reported
Chad Frk
Director
Treasurer → Director, 2024
On filings since 2020
3 hrs/week
No compensation reported
Wendy Fu
Director
Board Member → Marketing, 2021
Marketing → Director, 2022
On filings since 2020
3 hrs/week
No compensation reported
Blake Brinkley
Director
On filings since 2022
3 hrs/week
No compensation reported
Daniel Cottingham
Director
On filings since 2022
3 hrs/week
No compensation reported
Garrett Lucas
Director
On filings since 2022
3 hrs/week
No compensation reported
Jeffrey Strain
Director
On filings since 2022
3 hrs/week
No compensation reported
Rick Melville
Director
On filings since 2022
3 hrs/week
No compensation reported
Patrick Meadors
Director
On filings since 2023
3 hrs/week
No compensation reported
John Coleman
Director
New on the 2024 filing
3 hrs/week
No compensation reported
Max Kennedy
Director
New on the 2024 filing
3 hrs/week
No compensation reported
Meg Taylor
Director
New on the 2024 filing
3 hrs/week
No compensation reported
Bob Woods
Past Chair
Vice Chair → Chair, 2022
Chair → Past Chair, 2024
On filings since 2020
3 hrs/week
No compensation reported
Spencer Lueders
Founder
On filings since 2020
3 hrs/week
No compensation reported
Brian McKeon
Secretary
Chair → Secretary, 2022
On filings since 2021
3 hrs/week
No compensation reported
Johan Jooste
Finance
Director → Finance, 2024
On filings since 2022
3 hrs/week
No compensation reported
Brad Hocking
Treasurer
New on the 2024 filing
3 hrs/week
No compensation reported
Former officers (11)
- Former: Chasse Bailey-Dorton (2020–2023) — Past Chair
- Former: Derek Cornwall (2020–2023) — Director
- Former: Katy Ryan (2020–2022) — Executive Director
- Former: Eve White (2020–2021) — Marketing
- Former: Kevin Bartlett (2020–2021) — Board Member
- Former: Lexee Zutz (2020–2021) — Board Member
- Former: Mona Baset (2020–2021) — Marketing
- Former: Rasmus Pedersen (2020–2021) — Chair
- Former: Gary Parker (2020) — Board Member
- Former: Justin Hage (2020) — Secretary
- Former: Tom Gospel (2020) — Chair
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $121K, to Katherine Anderson Murphy (Executive Dir.).
Frequently asked questions about 24 Foundation Inc
How much does 24 Foundation Inc give each year?
24 Foundation Inc gave $669K across 13 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $163K across 11 grants.
What is 24 Foundation Inc's typical grant size?
24 Foundation Inc's median grant in 2024 was $15,000, and its average grant was $51,462, across 13 grants on its 2024 IRS Form 990. Organizations receiving their first grant from 24 Foundation Inc that year got $9K on average.
Where does 24 Foundation Inc give grants?
24 Foundation Inc gives mostly in North Carolina: 93% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Charlotte, NC (7 grants).
Does 24 Foundation Inc give general operating support?
Not in 2024: none of the 11 grants with a stated purpose on 24 Foundation Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Precision medicine" (3 grants).
Who are 24 Foundation Inc's largest grantees?
24 Foundation Inc's largest 2024 grantees include Atrium Health Foundation ($472,500), Casting Carolinas ($20,000) and Hospitality House ($20,000), according to its 2024 IRS Form 990. It also paid 3 grants to individuals ($64,000), which are not listed by name. Together they received 77% of its itemized 2024 grant dollars.
How large is 24 Foundation Inc?
24 Foundation Inc reported $1.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $2.5M.
What is 24 Foundation Inc?
24 Foundation Inc is a public charity focused on Diseases, Disorders & Medical Disciplines, based in Charlotte, NC. It holds $1.9M in total assets as of 2024.
What is 24 Foundation Inc's EIN?
24 Foundation Inc's EIN (Employer Identification Number) is 20-3768277. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS October 4, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 10, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in 24 Foundation Inc's focus areas in our free grants database
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