A E Finley Foundation Inc
The A.E. Finley Foundation is a private foundation based in Raleigh, North Carolina, established in 1957 to perpetuate the philanthropic legacy of Albert Earle Finley. The foundation operates with an all-volunteer board and no paid staff, maintaining low overhead while maximizing charitable impact. With total assets of approximately $29.7 million, the foundation distributes roughly $1.3 million annually to nonprofit organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$29.7M
-1.1% YoY
Annual Giving
$1.3M
+16.3% YoY
Grant Count
70
+32.1% YoY
Avg Grant Size
$19K
-11.9% YoY
Mission & Focus Areas
The foundation's mission is to continue the legacy of giving reflected in A.E. Finley's values by providing opportunities for individuals to recognize their self-worth and pursue their life goals, and to provide relief, comfort, and support to those in need.
The foundation provides grants in the following priority areas:
- Educational and life skills training
- Job readiness and meaningful work
- Human and community services
- Athletic and recreational programs
- Operating support for nonprofits
- Facility maintenance and capital improvements
- Financial aid and scholarships
The foundation's giving framework emphasizes that nonprofit services and programs be offered within a free market that provides economic opportunity for all.
Grantmaking
The foundation provides grants across four main categories:
Grant Range
$1,000 - $333,285
Average Grant
varies by category, ranging from approximately $10,607 for operating support to $294,405 for facility maintenance and financial aid combinations
Grant Types
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in North Carolina, with additional funding activity in Georgia, Maryland, Oregon, Virginia, and Wisconsin.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total Assets: $29.7 million
- Total Revenue: $1.23 million
- Investment Income and Dividends: $658,225
- Net Rental Income: $67,443
Expenses & Giving (2024):
- Total Expenses: $1.56 million
- Total Grants Awarded: $1.2 - $1.35 million
- Giving Rate: 3.9%
Tax Status:
- 501(c)(3) organization
- Tax-exempt since July 1959
- EIN: 56-6057379
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $29,717,102 | $30,047,739 | $30,364,540 |
| Revenue | $1,228,057 | $1,113,107 | $3,006,229 |
| Expenses | $1,564,166 | $1,372,572 | $1,447,674 |
| Qualifying Distributions | $1,361,207 | $1,168,324 | $1,195,645 |
| Net Investment Income | $1,041,349 | $921,634 | $2,791,555 |
| Distributable Amount | $1,393,814 | $1,248,303 | $1,256,676 |
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
240 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation operates with an all-volunteer board:
- Duke Finley – Board Chairman/President
- Vic Bell – Vice President
- Kevin Anderson – Secretary
- Ann Dillon – Family Director
- Jim Welch – Director
- Joe Velk – Independent Director
- Giny Wheeler – Independent Director
- Mary Moss – Independent Director
All board members serve on a voluntary basis without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DUKE FINLEY | CHAIRMAN/PRESIDENT | 4 | — |
| VIC BELL | VICE PRESIDENT | 4 | — |
| ANN DILLON | SECRETARY | 4 | — |
| GINY WHEELER | DIRECTOR | 4 | — |
| JIM WELCH | DIRECTOR | 4 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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